Islamic economy Archives

CBUAE

UAE Islamic bank assets reach $169.1bn

Written by Staff Writer

Sat 22 Apr 2023Sat 22 Apr 2023

Islamic banks operating in the UAE saw a steady increase over the course of the past year

Latest in Islamic economy

Central Bank of the UAE

UAE Islamic bank assets hit $166bn

Written by Staff Writer

Fri 13 Jan 2023Fri 13 Jan 2023

Sharia-compliant UAE banks grew assets to $166bn

Islamic bank

Islamic finance industry to hit $5.9tn by 2026

Written by Staff Writer

Tue 29 Nov 2022Tue 29 Nov 2022

Islamic finance measured at $4tn in 2021 and is set to grow

Abu Dhabi

Abu Dhabi to host World Islamic Economic Forum in 2024

Written by Staff Writer

Wed 9 Nov 2022Wed 9 Nov 2022

About 3000 participants from over 80 countries are expected to attend the forum, including heads of governments, senior officials, opinion and business leaders, experts, and academics

financial solutions

Silicon Valley’s Tribal Credit offers Shari’a compliant financing to businesses in the Middle East

Written by Staff Writer

Tue 21 Jun 2022Tue 21 Jun 2022

Tribal Credit has now become one of the first standalone credit and expense management solutions to offer Shari’a compliant products in the MENA region

Islamic economy

Top British financier enters Bahrain to target Islamic tech space

Written by Alicia Buller

Thu 4 Nov 2021Tue 9 Nov 2021

Stella Cox CBE, head of DDCAP Group, says island kingdom is well placed for disruptive fintech and regulation building

Emirates Islamic

Emirates Islamic’s net profits reach $218.8m for first nine months of 2021

Written by Staff Writer

Wed 20 Oct 2021Tue 9 Nov 2021

Bank’s total income was up 14 percent year-on-year and 43 percent from Q3 2020

Haroon Latif is Managing Director of Orchard Way Capital, a U.S investment firm uniquely focused on capturing the unrealized value of a highly fragmented Halal food market

halal brands

Halal food market needs to consolidate to meet GCC demand

Written by Staff Writer

Tue 30 Mar 2021Thu 28 Oct 2021

Despite the scale of the Halal food market, there is a gap in the supply chain

Islamic banking

How Gulf countries compare globally for Islamic finance

Written by Staff writer

Fri 18 Dec 2020Wed 6 Oct 2021

Bahrain, the UAE and Saudi Arabia all feature in top 5 of the annual Islamic Finance Development Indicator

Brexit

How Islamic finance could help pull the UK out of its Brexit and Covid slump

Written by ITP

Wed 16 Dec 2020Wed 6 Oct 2021

Veteran Islamic banker Iqbal Khan says UK needs to create an enabling environment for Islamic finance to access growth sectors

Dubai Islamic Economy Development Centre

$2.2trn: the size of the world’s Islamic economy

Written by Sam Bridge

Thu 21 Nov 2019Wed 6 Oct 2021

Muslims increase spending across the food, pharmaceutical and lifestyle sectors that are impacted by Islamic faith-inspired ethical consumption needs

The app designed “for Muslims by Muslims” includes prayer times, Islamic quotes, reminders, faith-based daily passages, a halal food finder and social messaging.

E-commerce

London halal app plans to become eBay of Muslim world

Written by Staff Writer

Thu 15 Aug 2019Wed 6 Oct 2021

Ummah has introduced an e-commerce feature where users can bid on items

halal

Video: What are the barriers to the growth of the Halal industry?

Written by ITP

Wed 17 Jul 2019Wed 6 Oct 2021

Secretary General of IHAF, Dr Rehab Al Ameri and CEO of Serendipity Tailormade speak about the opportunities and barriers to the growth of the halal industry.