Global Halal, Islamic Finance News At Your Fingertips
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
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
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 …
The campaign, lined up to run until after Eid Al Fitr, will set up a podium, featuring the replica of a refugee camp and an interactive screen projecting a tent city with a line of children waiting for food, at The Dubai Mall. The Awqaf and Minors Affairs Foundation (AMAF) has urged the public to …
AMAF Calls the Public to Support Food Aid for RefugeesRead More
National Bank of Fujairah (NBF) PJSC announced today that NBF Islamic has been recognised as the “Shari’a-compliant Window of the year” at The Banker’s Islamic Bank of the Year Awards 2017. This prestigious accolade is a clear indication of NBF’s position as the leading provider of comprehensive suite of Shari’a-compliant banking solutions. In 2014, NBF …
NBF Islamic Recognised as the Best “Shari’a-Compliant Window of the Year”Read More
Emirates Islamic has announced that it will introduce blockchain technology into its cheques as a fraud prevention measure. Termed ‘Cheque Chain’, Emirates Islamic is the first Islamic bank in UAE to undertake this initiative to enhance security in the popular payment method. Emirates Islamic will issue new cheque books carrying a unique QR (Quick Response) …
Emirates Islamic is First Islamic Bank to Integrate Blockchain Technology into ChequesRead More
The ninth International Economic Summit between Russia and Organisation of Islamic Cooperation (OIC) member countries started on Friday in Kazan, Tatarstan, with the UAE represented by a senior delegation chaired by Dr Rashid bin Ahmed bin Fahad, Minister of State. The summit, which concludes today, began with a session entitled ‘Halal Industry’, which addressed the …
Halal Sector Key Topic at International Economic SummitRead More
The contribution of free trade zones to the Islamic economy globally is set to double to $117 billion by 2021, according to a recent report by researchers Salaam Gateway. The UAE’s free trade zones are using advanced information management tools to drive the doubling of the global free trade zone GDP, said experts. The UAE …
FTZ Contributions to Islamic Economy to Reach $117bnRead More
DUBAI: The Salma Humanitarian Relief Programme, an initiative of the Dubai Islamic Economy Development Centre (Diedc) executed by Awqaf and Minors Affairs Foundation (Amaf), has announced the launch of its annual Ramadan campaign. In line with the UAE’s pioneering humanitarian role, the Salma programme provides halal food relief to victims of wars and natural disasters …
Salma Humanitarian Programme Dubai Launches Ramadan DriveRead More
Earning another major achievement and a first-of-its-kind in the Gulf, the Hamdan Bin Mohammed Smart University (HBMSU) was awarded full academic accreditation by international and independent quality assurance body, Finance Accreditation Agency (FAA), for its Master’s Program in Islamic Banking and Finance. The move is a major boost to HBMSU’s leadership in investing in human …
HBMSU Master’s Program in Islamic Banking & Finance Obtains Full Academic AccreditationRead More
JEDDAH — S&P Global Ratings forecast oil prices will stabilize at $50 per barrel in 2017 and 2018, with unweighted average GDP growth in the six GCC countries at 1.9% in 2017 and 2.4% in 2018, after 2.3% in 2016. S&P expects the slowdown in growth at both conventional and Islamic banks in the region …
Islamic Banks’ Growth in Saudi Arabia to Continue UnabatedRead More
