BOSNIAN banks, food producers and hoteliers are adopting halal standards to tap a fast-growing market thanks to the country’s large Muslim population, an influx of Gulf tourists and growing trade with the Arab world.
THE Islamic lending arm of Turkey’s state-run Vakifbank has applied to sell 500 million lira ($127.4 million) worth of Islamic bonds, or sukuk, according to a regulatory filing.
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.
UPSET by the felling of many of Islamabad’s trees – victims of rapid urbanization – the city’s children are fighting back with a tree planting drive.
THE Twitter account Sheikh Saud Al-Shuraim, one of the Imams of Masjid al-Haram in Makkah, has been suspended, AlKhaleej Online reported recently.
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 …
MOKHTAR Alim Shaqdar is the official calligrapher of the kiswa, the black covering of the Holy Kaaba, according to a report published in the Saudi Gazette. Shaqdar replaced his predecessor Abdulraheem Bokhari, who died in 1996 at the age of 90.
ARRANGEMENTS are being made at the Prophet’s Mosque (Masjid an-Nabi) in Madinah to accommodate 10,000 worshipers who intend to perform the ritual of I’tikaf (seclusion and staying in the mosque with the intention of worshiping) during the month of Ramadan.
THE $16 billion high-speed Haramain Express train is on track to roll out this year following delays, a senior Saudi official has said.
FACING a shortage of funds, the King Fahd Qur’an Printing Complex in Madinah had shut down more than a year ago. The complex reopened three months ago, alhamdulillah. During a recent visit to the complex, Emir of Madinah Prince Faisal Bin Salman said, “Self-financing is the best option for the Qur’an printing complex in order …