Day: April 26, 2018

World Bank, IDB Urge Islamic Finance To Play The Long Game

World Bank, IDB Urge Islamic Finance To Play The Long Game

THE The World Bank and the Saudi-based Islamic Development Bank want to increase the use of long-term investments in Islamic finance, tasking the industry with reducing its reliance on Islamic banks in favor of a wider array of institutions…....

Makkah’s Kiswa factory: The past and present

kiswa factory

THE kiswa factory in Makkah was established around 90 years ago. Until then the embroidered black garment that covers the Holy Kaaba used to be made abroad in countries like Egypt and brought over to the Kingdom. After King Abdulaziz took over the control of the Hijaz region, he ordered the establishment of a kiswa…...