Category: Finance & Investment
Amazon plans to launch a new Middle East marketplace
With the launch of the Middle East marketplace in the coming months, Amazon is downplaying Souq.com, the Dubai-based online retailer.
UAE: Is there a role for startups in the Islamic economy?
In the UAE, Goodforce Labs is one of the few incubators helping startups across a variety of sectors in the halal and Islamic industries.
Saudi Arabia: Freed Saudis Resurface Billions Poorer After Prince’s Crackdown
The crown prince said a total of about $107 billion — a mix of cash, real estate, companies and securities — has been recovered from 87 people.
India: Britannia unveils new logo as ‘global total foods company’
Britannia acquired two companies, UAE-based Strategic Food International Co (SFIC) and Oman-based Al Sallan Food Industries 10 years back.
Opinion: Could vegan formulations soon crowd out Halal as a selling point?
This is according Malaysia’s first venture capital fund dedicated to Halal startups!
Opinion: Islamic Finance Volume Expected to Hit $2.5 Trillion in 2019
Unfortunately, 2018 is not proved as much beneficial for Global Islamic Banking and Finance Industry as expected because of various reasons, but 2019 is starting with high hopes except in the Takaful industry.
Dubai, Bosnia To Promote Halal Industries In Europe
This was stated after Abdulla Al Awar, CEO of Dubai Islamic Economy Development Centre, and Amer Bukvic, CEO of Bosna Bank International, signed a Memorandum of Understanding, MoU.
Qatar partners Malaysia, Turkey to conquer Islamic finance market
Qatar is planning an ambitious new initiative with Malaysia and Turkey to serve the $2 trillion global Islamic finance market from hubs in the three countries using common platforms and technology.
UAE to give $3 billion to Pakistan to boost economy
Pakistani Prime Minister Imran Khan went to twitter to praise the UAE government for “supporting Pakistan so generously in our testing times”.
Groundbreaking Report positions Indonesia as the “Engine of Global Halal Economy”
The Report lists prioritization of 26 sub-sectors with most opportune target markets for Indonesia’s Halal economy producers. You can download it here.
Malaysia: HDC committed to turning Malaysia into a high-income economy
The Islamic economy is being embraced globally, so becoming an integral part of the international system and further expanding opportunities for the international community’s participation is essential.
Putin ratifies interim agreement on EAEU-Iran free trade zone
Vladimir Putin has signed a law ratifying a temporary agreement on formation of a free trade zone between the Eurasian Economic Union (EAEU) and the Islamic Republic of Iran.
Turkey: Erdogan calls on Islamic countries to trade in national currencies
In order to reduce the risks of the international monetary system, dominated by a single currency, Turkey once again called upon the OIC countries to use national currencies in trade.
Global cooperation ‘can open new doors for Islamic Finance’
GCC countries, during the past three decades, have employed the bilateral cooperation as a factor to promote brotherly countries and unite efforts to succeed in the initiatives and plans set in this regard.
Opinion: SDG 17, SDG 5: Islamic economy needs to play as a team, listen to women
When speaking about Islamic Social Finance Daud Vicary mentions SDG 5: Gender Equality, and says: “It’s not just about women having a voice. It is actually women being listened to.” And SDG17 Partnerships for the Goals.
UAE: Calling All Entrepreneurs: Falcon Network launches funding application process
The Falcon Network, a pioneering new network of impact-driven angel investors, has today announced its first call for submission for funding for start-ups based in high growth markets.
Philippines poised to become Asia’s Halal hub to join $3.5 trln market
Among the incentives include 100% ownership of the business inside the zone and grant of working visas to foreign executives and technicians that are renewable every two years.
UAE: First Of Its Kind Halal Trade And Marketing Center In Dubai To Help Support Islamic Economy Startups
In the fast growing $252 billion Halal trade market, a clear gap of sales and marketing support needs for the Halal economy companies was identified.
X8 Crypotocurrency Gets Halal Certification From Islamic Scholars
CCN reported Monday that Islamic scholars have certified Swiss financial technology firm X8 for its digital currency as a form of investment for Muslim investors.
Bahrain: 25th World Islamic Banking Conference
The 25th World Islamic Banking Conference (WIBC) will continue in its endeavor of enhancing the performance and quality of key Islamic financial institutions by means of the 4th WIBC Leaderboard.
