Global Halal, Islamic Finance News At Your Fingertips
The Middle East has been the most volatile region in the world for the past seven decades since Israel was established in 1948. The past two months have seen two major shocks for the region – the COVID-19 pandemic and the sharp oil price meltdown. There are several other problems as well which have rattled …
What Is The Future Of The GCC Economies in The Post-COVID-19 Era?Read More
COVID-19 and oil price collapse are proving a double-edged sword to the Gulf Cooperation Council (GCC) countries. The World Bank recommends these countries to prioritize their focus on handling the COVID-19 virus pandemic and the impending recession resulting from the virus and a sharp decline in the oil price. A recent study done by The …
COVID-19 & Oil Price Collapse: A Double-Edged Sword For GCCRead More
Global Islamic bond issuance is set to remain stable at around $180 billion Dubai: Islamic finance is set to keep expanding in 2020 and beyond as the GCC countries and Malaysia help drive growth in Shariah-compliant financial products, however, there are downside risks from the coronavirus (COVID-19) outbreak, according to rating agency Moody’s. “We expect …
RIYADH: Commerce ministers of the Gulf Cooperation Council (GCC) held a virtual meeting to discuss the economic impact of the coronavirus disease (COVID-19) outbreak in the region. Overseeing the provision and smooth flow of essential basic commodities to citizens of their countries was highlighted as one of the key roles of the respective ministries. The …
WASHINGTON- The World Bank is estimating that the coronavirus outbreak will cause economic growth to slow significantly this year in China and other East Asian-Pacific countries, throwing millions into poverty. Under a worst-case scenario, the region could suffer its sharpest downturn since a devastating currency crisis more than two decades ago, the bank said in …
Asian Economies To Suffer Heavily Due to COVID-19 OutbreakRead More
Jakarta. The Indonesian government will temporarily ban all foreign visitors from entering the country and oblige all its citizens returning from other countries to undergo a two-week quarantine to stop imported cases of COVID-19, officials said on Tuesday. “The president has instructed that the existing policies [on COVID-19 outbreak] need to be strengthened, so it was …
Is Malaysia ready to handle the economic fallout from COVID-19? The country has been facing this seemingly unsurmountable challenge along with other world economies due to the coronavirus pandemic. Can it also save the Islamic economy ecosystem it has developed over the past three decades? The following is an analysis recently published on the www.thestar.com.my. …
Is Malaysia Ready To Handle The Economic Fallout From Ovid-19?Read More
Minister of Foreign Affairs of Maldives, Abdulla Shahid Minister on Saturday requested Brunei to help establish a halal science laboratory in the Maldives. The minister requested a meeting with his Bruneian counterpart, Dato Seri Setia Haji Erywan bin Pehin Datu Pekerma Jaya Haji Mohd Yusof, during his ongoing official visit to the country. During the …
Brunei To Help Maldives Establish Halal Science LabRead More
In Malaysia, where annual economic growth has averaged just under 5 percent over the past five years, fintech is a part of everyday life. It is rapidly becoming a central part of the country’s financial sector, with considerable promise for expansion, according to new IMF analysis. With its growing middle class, high mobile phone penetration rates, and strong government …
Malaysian Financial Sector has considerable Promise for ExpansionRead More
With a fast-growing Islamic finance industry, Doha has all the potential to emerge as the ‘Capital of Islamic Finance”, industry experts stated yesterday. ”Doha is the most qualified financial center to transform into the world capital of Islamic finance, based on a package of indicators, the most prominent of which is the rapid growth of …
Qatar To Emerge As The World’s Leading Islamic Finance HubRead More
Investments from Qatar could play a key role in the Philippines’ bid to become Asia’s halal hub, DTI-Trade Promotions Group (TPG) Undersecretary Abdulgani M Macatoman said Sunday. Citing the need for more halal processing facilities in the Philippines, Macatoman said the country could benefit from Qatari investments and expertise, as well as in knowledge …
Qatari Investment Could Help Philippines Become An Asian Halal HubRead More
ISLAMABAD, APP: Pakistan Halal Authority (PHA) will start operating soon in Islamabad, Pakistanederal capital after the completion of the recruitment process of the initial staff to promote Halal products within the country and abroad. “The recruitment process of 50 member staff out of total required 200 is under-process after which the authority will be fully …
Pakistan Halal Authority (PHA) To Start Operating SoonRead More
