Rushdi Siddiqui, Khaleej Times Total size of food consumption in Muslim world stands at $640b The 57 Muslim majority countries of the OIC have a population of nearly 1.8 billion people and growing, and Islam is the fastest growing religion ...
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Moroccan government adopts Islamic finance law, seeks vote in parliament
Reuters, Tunis Morocco’s government on Thursday adopted a bill regulating Islamic banks and sukuk issues after months of delays, paving the way for a final vote by the parliament of the North African kingdom later this year. Approval of the ...
Read More »UAE: Dubai will harness $6.7trn Islamic economy
By Wam A recent government decree to establish the Dubai Islamic Economy Development Centre is expected to appreciably advance the Emirate’s seven-pillared strategy to establish itself the capital of the Islamic economy within three years. The Development Centre will be ...
Read More »Opinion: Advanced economies ‘can learn from the Islamic system’
By Frank Kane, The National The Islamic financial system grew out of the great trading and commercial empires established after the rise of Islam in the seventh century, stretching from the Atlantic coast of North Africa to the islands of South ...
Read More »Hong Kong’s Islamic finance goal boosted by Basel III rules
Sukuk demand seen as rising as Islamic banks seek alternative to interest-paying bonds under regulatory need for more high-quality equity Tougher international banking requirements should help the Hong Kong government achieve its goal of turning the city into an Islamic ...
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