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Category: Finance & Investment

UAE: Sheikh Hamdan appoints CEO of DIEDC

| 20/12/2013 | Reply
UAE: Sheikh Hamdan appoints CEO of DIEDC

Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has issued a decision appointing Abdulla Mohammed Al Awar as CEO of the Dubai Islamic Economy Development Centre (DIEDC).

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UAE: Law issued establishing ‘Dubai Islamic Economy Development Centre’

| 17/12/2013 | Reply
UAE: Law issued establishing ‘Dubai Islamic Economy Development Centre’

The law specifies the terms of reference of “Dubai Islamic Economy Development Centre” which includes drawing up the Centre’s general policy and setting up strategic plans.

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Opinion: Islamic finance and Halal industry to do list 2014

| 15/12/2013 | Reply
Opinion: Islamic finance and Halal industry to do list 2014

As 2013 is drawing to close, there are 10 challenges in Islamic finance and the Halal industry that need to be raised and collectively addressed for 2014 and beyond.

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Opinion: Islamic banks should be named ‘ethical banks’

| 10/12/2013 | Reply
Opinion: Islamic banks should be named ‘ethical banks’

Islamic Shariah-compliant banks should be named ethical banks because their present name has monopolizing implications and banks are just a small part of the overall Islamic economy.

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Global Islamic Economy Summit and World Expo 2020 boost Dubai’s Halal credentials

| 03/12/2013 | Reply
Global Islamic Economy Summit and World Expo 2020 boost Dubai’s Halal credentials

Where consumers in Muslim majority countries thought that Halal was a given, now more are seeking reassurance through an additional layer of certification and quality control.

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UAE: Shekra Crowdfunding Wins Two Awards in Dubai

| 02/12/2013 | Reply
UAE: Shekra Crowdfunding Wins Two Awards in Dubai

Shekra, the first Shariah-compliant Crowdfunding platform globally, receives the Islamic Economy Award as best SME Development provider at the Global Islamic Economy Summit in Dubai.

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UEA: First State of the Global Islamic Economy Report 2013

| 25/11/2013 | Reply
UEA: First State of the Global Islamic Economy Report 2013

While there are various major centres of Islamic economy — all in Asia — Dubai could emerge as the leader in the next phase of the evolution of Sharia compliant sectors.

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Dubai: DED forms partnership with Malaysia’s HDC to support growth in halal industry sector

| 24/11/2013 | Reply
Dubai: DED forms partnership with Malaysia’s HDC to support growth in halal industry sector

The Department of Economic Development in Dubai and the Halal Industry Development Corporation of Malaysia have decided to jointly promote business in their respective halal sectors.

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UAE: Demand on halal products to grow by 15%

| 22/11/2013 | Reply
UAE: Demand on halal products to grow by 15%

While Islami Food is a leading halal industry in the UAE, Lootah expected an increase in the number of investors in the halal market.

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UAE: UAE bank offers gold bullion coins as profitable and safe investment option for clients

| 19/11/2013 | Reply
UAE: UAE bank offers gold bullion coins as profitable and safe investment option for clients

Noor Islamic Bank (Noor) has rolled out sales of the UAE gold bullion coins for retail buyers in denominations of one, half, quarter and one/tenth ounce in 99.99 per cent purity (24 karat).

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Opinion: Questions over Halal industry approach

| 19/11/2013 | Reply
Opinion: Questions over Halal industry approach

The SAMI halal food index has about 95 companies from Malaysia, yet, Bursa Malaysia has not created a halal economic sector index.

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Opinion: Faking It

| 13/11/2013 | Reply
Opinion: Faking It

For many Muslim brands, the failure to be truly Islamic is not through lack of trying – Shari’ah-compliant funding simply isn’t there.

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Opinion: Rebranding of Islamic Finance: Participation Finance

| 13/11/2013 | Reply
Opinion: Rebranding of Islamic Finance: Participation Finance

One of the most often heard statements at Islamic finance conferences, after standardization, has been, “Islamic finance is not just for Muslims, but for all of man-kind because of its ethical orientation”.

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UK: WIEF urges reforming global financial system

| 03/11/2013 | Reply
UK:  WIEF urges reforming global financial system

The 9th World Islamic Economic Forum (WIEF) called Friday for introducing essential reforms to the global financial system in order to overcome the economic challenges.

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UK: Britain unveils ‘Islamic Finance and Investment Group’

| 01/11/2013 | Reply
UK:  Britain unveils ‘Islamic Finance and Investment Group’

The Islamic Finance and Investment Group, chaired by the Rt. Hon Baroness Warsi, will include members from key Islamic finance centres, including Chief Executives and Central Bank Governors.

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Malaysian leadership in capital markets

| 31/10/2013 | Reply
Malaysian leadership in capital markets

Rushdi Siddiqui comments on the Malaysian Budget 2014, with special reference to Socially Responsible Investment (SRI) and the Environmental, Social and Governance (ESG) Index; and wonders why Halal did not get much of a mention.

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UK: Muslims Add Over £31 Billion To UK Economy

| 29/10/2013 | Reply
UK: Muslims Add Over £31 Billion To UK Economy

British Muslims contribute more than £31 billion to the UK economy and wield a spending power of £20.5 billion, a new report by the Muslim Council of Britain has found.

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UAE: UK, Malaysia top in Islamic finance research

| 29/10/2013 | Reply
UAE: UK, Malaysia top in Islamic finance research

The Islamic Finance Development Indicator (IFDI) will be officially launched at the Global Islamic Economy Summit, from November 25 to 26 in Dubai.

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Opinion: Malaysian leadership: SRI Sukuk and ESG index

| 29/10/2013 | Reply
Opinion: Malaysian leadership: SRI Sukuk and ESG index

The 2014 Budget was announced by the PM, and reference and allocation to Socially Responsible Investment (SRI) Sukuk and Environmental, Social and Governance (ESG) index are indeed welcomed.

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Opinion: Islamic finance and food sector need convergence

| 27/10/2013 | Reply
Opinion:  Islamic finance and food sector need convergence

From the perspective of the Islamic economy, these two sectors clearly belong together, but it will take time and some imaginative, bold moves to bring them closer together.

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