Global Halal, Islamic Finance News At Your Fingertips
Islam, being a complete code of life, lays down a comprehensive set of rules and socio-economic principles for the welfare of human beings in this life and the world hereafter. Some of these religious obligations such as Hajj have far-reaching impacts on the lives of millions of people around the world. The Islamic economic system …
How does The Hajj Impact Economies Around The Globe?Read More
Recently, K-Electric, the main electricity supplier in Karachi, Pakistan issued Sukuk (Islamic bonds) to finance its increasing demand for electricity for the megacity. The following article originally published on www.samaa.tv discusses its profit-sharing initiative in detail. You can buy K-Electric’s Islamic bond (Sukuk) with a minimum investment of Rs5,000 and earn a tentative profit of …
The Muslim health care professionals need hospital-grade hijabs in the midst of COVID-19 and beyond. The pandemic has forced these primary health care workers globally to perform their duties even when they do not have the essential personal protective equipment (PPE) available in sufficient quantities. The availability of hospital-grade hijabs would mean that they need …
Muslim Health Care Workers Need Hospital-Grade HijabsRead More
Dubai is increasingly becoming an important center of global trade. It is evident from the external trade statistics released by Dubai Customs earlier this week. Gulf Today has a detailed report on this issue in the following lines. Dubai Customs announced on Monday that the emirate’s external food trade volumes in the first half of …
Halal Research Council (HRC), in association with AlHuda CIBE, has launched a Halal industry free webinar series named “Global Emergence of Halal Industry” to learn with the industry experts from around the world from July 2020. The underlying theme of the series is to highlight the need for unification of global halal standards to promote …
Unified Halal Standards Must For The Promotion Of The IndustryRead More
The Islamic Development Bank Group and the UAE Ministry of Economy and Annual Investment Meeting, recently conducted a live webinar entitled “IsDB Group Private Sector Action Response to COVID-19” on the 6th of July to discuss the challenges facing the private sector and global economy during the COVID-19 outbreak. The live session presented the immediate …
IDB, UAE Discuss The Impact Of COVID-19 On Private Sector & Global EconomyRead More
Let us restart our halal businesses as the COVID-19 pandemic is slowing down in different parts of the world. Most of the businesses around the globe were shut down recently as a result of the coronavirus crisis. However, now is the time for us as businesses to understand the changing realities of our target markets …
COVID-19 coronavirus is here to stay. This is a painful fact none of us can ignore anymore. Central banks around the world have been using various mixes of fiscal and monetary policies to contain the harmful effects of the pandemic. As the pandemic is expected to last much longer than we could have anticipated, governments …
COVID-19 Pandemic & Localization Initiatives in GCC CountriesRead More
Islamic Banks all over the world have been adopting financial technologies to streamline their business operations. This was stated by a panel of experts during an online seminar conducted by the first Virtual InFocus Session organized by Bahrain-based General Council for Islamic Banks and Financial Institutions (Cibafi), a global umbrella of Islamic financial institutions. Successfully …
Fintech Playing A Crucial Role In The Growth Of Islamic Banking IndustryRead More
The Maldives plans to issue Sukuk to help restart its tourism-focused economy affected by the COVID-19 pandemic. The small island nation of the Maldives in the Indian Ocean is returning to the international Sukuk market amid budget troubles caused by the coronavirus. President Ibrahim Mohamed Solih at a press conference in Malé, the capital, on …
Maldives To Issue Sukuk To Help Restart Its EconomyRead More
Nasdaq Dubai welcomed the listing on Tuesday of a $300 million Sukuk issued by Dubai Islamic Bank (DIB). The issuance was a tap on a one billion US dollar Sukuk that was listed on Nasdaq Dubai on June 16th, 2020. DIB earmarked the funds raised to support its customers and the business community as economies …
To allure investors from the Islamic financial world, Uzbekistan is eyeing a green debt sale that would be marketed as a Sukuk. Atabek Nazirov, director of Uzbekistan’s Capital Markets Development Agency, discussed the planned debt issuance with Bloomberg in a recent interview. Uzbekistan sold its first international bond last year. The $1bn debut sovereign bond, …
Uzbekistan To Issue Green Sukuk To Strengthen Its Financial MarketsRead More
