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Category: Finance & Investment

Responding to demand for Islamic Microfinance

| 09/03/2011 | Reply
Responding to demand for Islamic Microfinance

High unemployment, poverty, and low levels of financial access in Muslim countries continue to create high demand for microfinance. While conventional microfinance has successfully reached large numbers of poor in Muslim countries (most notably, Bangladesh and Indonesia), there is evidence to suggest that there are many potential clients of microfinance that categorically reject products that do not comply with Islamic principles.

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Women Farmers a Force in Fighting Global Food Shortages

| 09/03/2011 | Reply
Women Farmers a Force in Fighting Global Food Shortages

Better investments in female farmers would prevent malnourishment in 100-150 million people, because of the ways women are likely to allocate resources in a food-shortage-threatened world.

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Pakistan: ECC ratifies amendments in trade policy

| 02/03/2011 | Reply
Pakistan:  ECC ratifies amendments in trade policy

Equity investment worth $1.5 crore has also been sanctioned for Holland-backed investment in Pakistan to be spent by Engro on export of Halal food items to Holland.

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Opinion: Of Faith, Finance, Food and fashion

| 01/03/2011 | Reply
Opinion: Of Faith, Finance, Food and fashion

An interview with Dinar Standard CEO Rafi-uddin Shikoh from Rushdi Siddiqui’s regular ‘Islamic Finance 2.0′ column in Business Times of Malaysia.

“We are defining the ’emerging Muslim markets’ as the inter-connected over US$7 trillion (RM21.35 trillion) OIC member country economies, the over US$1.8 trillion (RM5.49 trillion) global Muslim consumer market, and the over US$1 trillion (RM3.05 trillion) Islamic Finance industry. There is tremendous connectivity and opportunities that exist within these three segments and we feel that collectively they are as large as any other emerging market today.”

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Opinion: Islamic Finance’s Real Economy Leadership Agenda

| 28/02/2011 | Reply
Opinion: Islamic Finance’s Real Economy Leadership Agenda

Dinar Standard founder Rafi’uddin Shikoh comments that if the vision of Islamic Finance is a financial system that seeks profits while ensuring the religious considerations of sharing risk and returns and supporting an ethical society with a potential to serve a global audience, then the reality of today’s industry value proposition is only partially hitting the mark.

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Brunei: Bolstering the base for Islamic Finance

| 26/02/2011 | Reply
Brunei: Bolstering the base for Islamic Finance

BRUNEI Darussalam’s Islamic financial sector is set to expand in the coming years, following a series of advances that will strengthen its operational and regulatory base and bridge some of the gaps that have restricted the development of new products and services.

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Global Food Crisis: A Bowl of Opportunities for Muslim World

| 03/02/2011 | Reply
Global Food Crisis: A Bowl of Opportunities for Muslim World

Dinar Standard founder Rafi’uddin Shikoh will be presenting “Food Security and Opportunities in OIC Markets” at the World Halal Forum on 4-5 April.

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Rushdi Siddiqui – A Pioneer in Islamic Finance’s Global Prominence

| 03/02/2011 | Reply
Rushdi Siddiqui – A Pioneer in Islamic Finance’s Global Prominence

Rushdi Siddiqui will be speaking at the 6th World Halal Forum in Kuala Lumpur on 4-5 April 2011 on ‘The Tipping Point for Halal and Islamic Finance’.

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Opinion: Islam and Fair Trade

| 01/02/2011 | Reply
Opinion: Islam and Fair Trade

By Suzan El-Ajou | first published on suhaibwebb.com December 31, 2010 1:59 am What are the congruencies between Islamic business ethics and the Fair Trade principles? With one-fifth of the world’s total population identifying themselves as Muslim1, and with the consideration that they are active participants in world markets, it is imperative to include the […]

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World Halal Forum to reconfirm Malaysia as thought leader in the Halal sector

| 27/01/2011 | Reply
World Halal Forum to reconfirm Malaysia as thought leader in the Halal sector

“We will bring a renewed spirit of creative vision and innovation to the WHF in 2011 that will re-confirm Malaysia’s role as a pivotal thought-leader in the Halal sector,” commented Abdalhamid Evans, Director of the World Halal Forum.

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Missing Link in Islamic Finance Hubs: Islamic Venture Capital

| 27/01/2011 | Reply
Missing Link in Islamic Finance Hubs: Islamic Venture Capital

The Islamic world profiled modalities of capitalism in 8th/9th century, but today’s Muslim country Islamic finance hubs are missing two vital aspects: addressing ‘have nots’ (micro-finance), and, as highlighted in this article, deploying the funds of ‘haves’ into Islamic Venture Capital funds.

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Malaysia: WHF 2011 Underlines Malaysia’s Commitment To Halal Industry

| 26/01/2011 | Reply
Malaysia: WHF 2011 Underlines Malaysia’s Commitment To Halal Industry

The World Halal Forum 2011 (WHF 2011) will examine ways in which ethical and moral values are central to both the Halal industry and Islamic finance for creating a new economic paradigm that will shape the global marketplace over the coming decade.

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Pakistan: Global diversification: Engro acquires US-based food company

| 26/01/2011 | Reply
Pakistan: Global diversification: Engro acquires US-based food company

Engro Corporation is all set to enter the halal food business in North America as the company has signed an agreement with US-based Al Safa Halal to purchase its food business, Engro announced in a communique to the Karachi Stock Exchange on Tuesday.

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Amanah Raya to help set up Islamic bank in Kazakhstan

| 25/01/2011 | Reply
Amanah Raya to help set up Islamic bank in Kazakhstan

Malaysian trustee company Amanah Raya Berhad is joining forces with Fattah Finance, a local Kazakh brokerage company, and the state-owned Development Bank of Kazakhstan to conduct a feasibility study to establish the second Islamic bank in the CIS country.

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Nigeria: Interest-free cooperative: A reliable source of finance

| 15/01/2011 | 2 Replies
Nigeria: Interest-free cooperative: A reliable source of finance

The concept of interest-free co-operative is an integral part of the Islamic economic system. What we are familiar with is the conventional co-operative system of financing, which according to its operations, is interest-based.

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Russia: Tatarstan set for debut sukuk

| 03/01/2011 | Reply
Russia: Tatarstan set for debut sukuk

The MoU and the possibility of a Tatarstan sukuk origination in 2011 are just some of the developments on Islamic finance to emerge out of Russia. Indeed, Tatarstan is the most proactive Russian republic in this context which is manifested through its close relationship with the Islamic Development Bank (IDB) Group.

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Opinion: Giving credit where it is due

| 02/01/2011 | Reply
Opinion: Giving credit where it is due

As a follow-up to the Unsung Stars of Islamic Finance article, which received interesting circulation, Rushdi Siddiqui wants to acknowledge their efforts with the inaugural Islamic Finance Agitation Awards.

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Opinion: Right track, wrong train?

| 23/12/2010 | Reply
Opinion: Right track, wrong train?

THE year 2010 was a year of “headwinds” for Islamic finance, and Rushdi Siddiqui’s last article of the year is a survey on issues that merit more airplay and public comment. This is not meant to be a scientific survey, but more of dialogue to answer the bigger question: Are we getting closer to where we should be in Islamic finance?

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Islamic Finance in Russia – Developments in 2010

| 14/12/2010 | Reply
Islamic Finance in Russia – Developments in 2010

The major milestones are the establishment of the Russian Association of Experts in Islamic Finance; the first Halal Expo Exhibition; publication of an authorized translation of the Accounting and Auditing Organization for Islamic Financial Institutions’ Standards of Islamic Finance Transactions; and the first Islamic finance deals on the Russian market.

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Malaysia must comply with International Standards

| 03/12/2010 | Reply
Malaysia must comply with International Standards

In the New Economic Model – Concluding Part report launched by Prime Minister Datuk Seri Najib Tun Razak Friday, it said concerns on food safety, labour rights, best practices in environmental protection and climate change management will also add to new international protocols that could impose barriers to Malaysian exports to global markets.

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