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Abtaha Maqsood is Britain’s first hijab-wearing Muslim female to play international cricket and she wants other young British Muslim girls — who might be facing cultural and religious barriers — to take up cricket as a profession. Abtaha, whose parents are originally from Lahore, Pakistan, was born in Glasgow, Scotland, on June 11, 1999 — …
Path Solutions is thrilled to announce that it has won three different awards at Banktech Award 2021 held on Wednesday 9 June. The global Islamic banking software company won two different categories for Path Solutions ‘Best Islamic Finance Technology Vendor in Banking’, and ‘Best Digital Banking Technology Provider’, while Path Solutions’ Group Chairman & CEO, …
GCC’s Islamic insurers (Takaful) are expected to face profitability challenges due to high competition in the overcrowded Islamic insurance industry in the region. But, can the Takaful sector in the region become profitable in 2021? Various GCC economies have so far shown mixed results during this year. Islamic Insurance Sector in Saudi Arabia Despite a …
What should you know before traveling to Turkey during the pandemic? Well, that question might be important for would-be travelers to the country and others who would like to visit it for business or other purposes. However, it may be noted that some of the advice shared on these pages may well be suited to …
Saudi Arabia starts welcoming vaccinated tourists. The country announced on Friday that it would reopen its borders to fully vaccinated foreign tourists after a 17-month closure due to the COVID-19 pandemic, the state news agency SPA said on Thursday (29 July). However, Riyadh did not announce any lifting of restrictions on Umrah, which can be …
MALAYSIA’S trade with the Organisation of Islamic Cooperation (OIC) countries has slightly recovered with double digits growth at 24.6% to US$20.81 billion (RM88.1 billion) from January to May 2021. It was US$16.66 billion in the same period last year. Exports registered US$10.49 billion between January and May this year, a 26.1% increase from US$8.32 billion …
The Islamic fintech industry has been growing exponentially. According to recent data from Dinar Standard, the industry is expected to grow to US$128 billion globally by 2025, a whopping 161% increase from 2020 figures. The UK is one of the fastest-growing Islamic fintech markets in the world. In June 2021, the Boubyan Bank Group, a …
In Conversation The pandemic has accelerated the digitalization of Islamic financial services. And while it is a challenge, financial institutions have turned to digital solution providers to support their transformation. Mohammed Kateeb, the Group Chairman & CEO of Path Solutions, talks to IFN about the company’s ongoing commitment to digitalization and the future of Islamic …
Alif, a Tajikistan-based Islamic fintech, has announced plans to establish a presence in the UK in August 2021. With its head office in Tajikistan, Alif will use this expansion to grow its investor network and pursue new business development opportunities in the UK and Europe. Mr. Firdavs Shakhidi, a serial venture capital investor, will be …
GoTo, Indonesia’s most valuable startup, is talking with investors to raise as much as $2 billion ahead of stock-market listings at home and in the U.S., according to people familiar with the matter. The internet firm, created through the merger of ride-hailing giant Gojek and e-commerce provider PT Tokopedia in May, has begun the process …
US-based Liquidity Capital has partnered with Dubai-based Yas Investments to launch a $100 million venture debt fund in Abu Dhabi Global Markets, focused on financing Mena-based tech startups. The sector-agnostic fund will offer growth financing options to Mena-based tech startups, aiming to build a financial ecosystem supporting the region’s tech innovation, attract highly skilled workers …
KUALA LUMPUR (July 26): The Halal Development Corporation Bhd (HDC) would be participating in the Seoul Food & Hotel (SFH 2021) food show in Seoul, South Korea from July 27-31, 2021 to promote halal trade, investment, and the know-how between Malaysia and the republic. This is HDC’s second participation in the event, in collaboration with …
Malaysian Ministry of Finance (MoF) has clarified that the decision to place Lembaga Tabung Haji (TH) under the regulation of Bank Negara Malaysia (BNM) is an interim solution until the findings of the Royal Commission of Inquiry (RCI) are presented to the government for further actions. The ministry further stated that the move will not …
Comprising 57 member countries, the Islamic Development Bank (IsDB) has elected a new president. Muhammed Sulaiman Al Jasser, Saudi Arabia’s former economy and planning minister, will now lead the Islamic financial institution for the next five years, according to a statement from the bank late Sunday. The BoG Committee of Procedures held an online meeting …
Indonesia has huge potential to develop halal tourism, Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, said at the 2021 Virtual Halal Science Conference (VIHASC) on Tuesday. “Aside from having the largest Muslim population in the world, Indonesia also has diverse tourism destinations that can contribute to the development of halal tourism,” Uno highlighted …
Newly launched 1st in the World VP-DJ Shariah China A-Shares 100 ETF included on Robo Advisor Wahed’s Platform Wahed Technologies Sdn Bhd (Wahed Invest Malaysia) today announced the collaboration with Value Partners Asset Management Malaysia Sdn Bhd (Value Partners Malaysia) in making available the recently launched world’s first Islamic ETF investing in China A-shares, VP-DJ …
UK-based IslamicFinanceGuru has secured £3.0 million in capital through a round led by Outward VC. Outward says it is pleased to confirm its investment in IFG, the UK-headquartered Islamic finance platform. Other investors include B&Y Venture Partners and angels. The platform has been designed to offer Muslims all over the world “the same access to …
Assalamu Alaikum. The Halal Times staff extends our warmest wishes to Muslims around the world who are celebrating Eid al-Adha. This special holiday is a time to honor the sacrifice, resolve, and commitment to God demonstrated by the Prophet Abraham. Let’s also celebrate good health during the COVID-19 pandemic and play our part in promoting …
July 19, 2021 – We are thrilled to announce that Path Solutions has emerged as a winner in the category ‘Best Islamic Fintech Company’ of the World Economic Magazine Awards 2021. Mohammed Kateeb, the Group Chairman and Chief Executive Officer of Path Solutions, commented, “At Path Solutions, we aim to create banking software solutions that enhance …
The first ten days of Dhul Hijjah are often referred to as the best ten days of the year, and a second chance after Ramadan. This is a special time to remember God and spend extra time doing good deeds. In Surat Al-Fajr, Allah says, “By the dawn; And [by] the ten nights.” (Qur’an 89:1-2) …
Can Cat Whiskers herb help treat COVID-19 infections? Two Malaysian-Australian scientists have been working hard and smart to prove the efficacy of herbal medicine which is found in Southeast Asia and some parts of Australia. NatureCeuticals, a joint Malaysian-Australian pharmaceutical company has made significant progress in its botanical drug development for the treatment of Covid …
Although I love Japan to the core of my heart, it has been a difficult country in terms of finding Halal food. Up until recently, we could hardly locate any Halal products in supermarkets or convenience stores. But, the situation is getting better, albeit rather slowly. But, how has it changed? Introduction of a …
In Chantilly, Virginia, USA- The ADAMS Compassionate Healthcare Network (ACHN), a free medical clinic supported by the All Dulles Area Muslim Society, has successfully concluded a 3-month operation in administering Pfizer vaccines against COVID-19. The vaccination clinic started on February 13th, 2021, and concluded on May 29th, 2021. ACHN fully vaccinated 3,090 people, accounting for …
Muslims living in England and Wales can now complete their will online with the UK’s first Islamic will portal, all in as little as 20 minutes. Why create an Islamic will? Unfortunately, many Muslims don’t prioritize making a will. Upon their death, they may be buried in ways against their wishes, have their wealth distributed …
