The Halal Times
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UK Islamic Banks are expanding services to cater for London based property financing demand. QIB UK, part of the Qatar Islamic Bank group, and Al Rayan bank a UK subsidiary of Qatar based Masraf Al Rayan have both recently expanded offices and services to meet demand. QIB Begins offering Murabaha Facilities QIB-UK, has begun providing …
Path Solutions, an international core banking system provider for the Islamic financial services industry, today announced that its Group Chairman & CEO, Mohammed Kateeb, was named ‘Best Islamic Finance Technology CEO of the Year EMENA 2017’ by Global Banking & Finance Review. Member of UK-based GBAF Publications Ltd, Global Banking & Finance Review is a …
A legal “fighting fund” is planned by the Halal Food Authority (HFA), the certification body, to meet what it said were an increasing number of malicious attacks on the sector. The initiative was announced by Saqib Mohammed, chief executive of the HFA on the first day of its two-day conference, held in London last month. …
Al Rayan Bank has opened a new office in London’s West End to support its growing commercial finance business. The expansion follows the appointment of two new recruits from Nationwide Building Society in April, which increased the bank’s commercial property team to 11 frontline staff. Commercial property financing was the fastest-growing element of Al Rayan …
From Istanbul to London and Dubai to New York, in the last decade, the modest fashion industry is beginning to gain recognition by mainstream brands in the West. After the world’s largest online modest fashion retailer, Modanisa debuted their annual fashion week in Istanbul last year, London Modest Fashion Week (LMFW) hit the catwalks at …
The Muslim fashion industry is making a buzz around the world. This industry can potentially lay claim to represent nearly 2 billion Muslims around the world. Naturally, it is a huge market segment, one that offers $200 billion estimated sales in a year and is gearing towards hitting the $250 billion mark by 2020. Seeing the …
The recent MLE Connect 2017 Muslim lifestyle event at 155 Bishopsgate, in London, was the UK’s biggest B2B conference discussing the Muslim lifestyle sector, according to organisers. Retailers such as Asda, Tesco, Sainsbury’s and Nationwide joined entrepreneurs and 200 businesses represented at the event. Delegates also came from abroad, from the UAE, Turkey, Malaysia and …
Undertaken by parenting site ChannelMum.com, eight out of ten mothers (82%) said having more Muslim families in ads could boost cultural and religious understanding. Of the Muslim respondents, nearly six out of ten (58%) feel “excluded by brands”, while a quarter (26%) worry that the lack of visibility could have a negative impact on their …
A Wigan fashionista has broken onto the global scene with a pioneering clothing range to cater for all races and religions. Yasmin Sobeih, 26, from Standish, launched her modest sportswear range at this year’s “Muslim Lifestyle Show” in London after securing financial backing from the Government. “UNDER-RAPT”, Yasmin’s athleisure brand was derived from the fashion …
QIB-UK, a wholly owned subsidiary of QIB Group, has received official licensing to directly provide Sharia-compliant Murabaha Facilities for London properties which are intended for own use. This new product enables QIB-UK to finance a buy-to-live property as well as refinance customers’ existing properties in London. The new license that the Bank has gained is …
What would Elon Musk do? London-based Nafisa Bakkar asked herself this question when deciding if she should quit her job as an entrepreneurship co-ordinator and launch a fashion website for Muslim women. “Elon Musk wouldn’t take the job!” says London-based Bakkar, 24, “but I was scared because if I left the job I’d actually have …
Ummah Finance aims to be “the first UK born Islamic bank solely set up and operating from London”, with a fully digital proposition. Whilst there are 40 banking services currently offering Islamic banking solutions in the UK, “none of these offer a fully mobile AND 100% Sharia-compliant banking service”, Ummah Finance claims. “Our ambition is …
