The Halal Times
Global Halal, Islamic Finance News At Your Fingertips
The UK has sought to put itself at the forefront of Islamic finance and made a loud statement of intent in 2014 with the issuance of its GBP200 million (US$312.4 million) Sukuk – the first to be issued by a European government. While this was certainly a high point for Islamic finance in the UK, …
The Expo attracted sponsors such as Al Rayan Bank, Human Appeal International, British Muslim TV, Penny Appeal, Brunei Halal and ieat foods. Thousands of visitors have taken part in one of the UK’s biggest-ever showcase of Muslim lifestyle. The Muslim Lifestyle Expo 2015 saw guests from across the country coming together to celebrate the contribution made …
Samina Akram left her job at Merrill Lynch International Bank eight years ago to start her own consultancy in London specializing in Shariah-compliant finance. Now she’s seeking to empower women in male-dominated Islamic banking. What started as an informal ladies lunch club with other women in the industry will this week become the first global …
The Bank of London and the Middle East (BLME), a Sharia compliant bank based in London along with Lloyds Bank have arranged the World’s First Islamic-Structured PDP Helicopter Financing deal. BLME acting as the original Islamic facility participant, under a master Murabaha facility agreement, with Lloyds Bank as the original lender under a conventional facility …
London – Major developments in green materials, sustainability metrics, ethical labels, and digital marketing will be featured in the European edition of the Sustainable Cosmetics Summit (www.sustainablecosmeticssummit.com/Europe). The summit will be hosted at the Paris Marriott Champs-Elysées on 21-23rd October. With cosmetic and ingredient firms under growing pressure to reduce their environmental impacts,sustainability metrics …
The UK is set to host the first-ever international exhibition on Muslim lifestyle looking at one of the world’s fastest growing segments worth trillions of pounds globally. The Muslim Lifestyle Expo 2015 will bring together a number of sectors under one platform in the biggest ever event of its kind with over visitors expected to …
Bloomberg, Britain is raising its commitment to expanding its role in the flourishing global industry for Islamic finance. U.K. Export Finance, the UK’s export-credit body that is backing a proposed sale of Islamic bonds by Emirates airline, plans to increase guarantees to other industries, stated by Hugo Swire, minister of state. UAE is planning to …
Due to Muslim students’ repeated requests for healthier halal food options, Harvard University Dining Services has started serving halal chicken on the grill menu in all dining halls the previous week. Halal chicken will eventually serve as the only halal meat in the menu, once supplies for halal hamburgers and hotdogs run out, as told …
Malaysia through its government and corporates remained the largest Sukuk issuer in 2014, whilst British banks and legal firms continued to dominate the arrangers market. Traditional Sukuk issuance bases of South East Asia and the Gulf were joined in 2014 by Europe, Africa and East Asia as Sukuk issuance went global. True demand, however, remains …
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) held a meeting with the International Accounting Standards Board (IASB) on 16 December 2014 at the latter’s office in London, United Kingdom to discuss potential areas of cooperation. During the meeting, AAOIFI formally accepted the invitation from IASB, the body that develops International Financial Reporting Standards …
There has been an encouraging early response by global investors for a new event aimed at generating business in the Islamic finance sector being held in early March next year. Bahrain Economic Development Board (EDB) and the Islamic Development Bank (IDB) announced the launch of the Global Islamic Investment Gateway, a pioneering initiative aimed at …
Islamic Bank of Britain plc (IBB), (www.islamic-bank.com), the UK’s only wholly Sharia compliant retail bank, today announced that formal shareholder approval has been granted to change its name to Al Rayan Bank PLC. The change signifies the beginning of a new chapter for the Bank as the European subsidiary of Masraf Al Rayan QSC (MAR), …
