Islamic Finance & Economy

Top 3 Emerging Trends Impacting the Global Halal Cosmetics Market

LONDON: Technavio’s latest report on the global halal cosmetics market forecasts growth to reach USD52.29 billion by 2021, at a CAGR of almost 15%. APAC is expected to generate the highest revenue and maximum incremental growth in the market. The top emerging trends are:

Introduction To Islamic Finance: Asset-Backed Financing

This is a series of articles from the revered book “Introduction to Islamic Finance” by Taqi Muhammad Usmani to give readers awareness into the general concepts of Islamic finance. Please direct your specific questions to scholars. Previous: Introduction To Islamic Finance: Capitalist vs Islamic Economy ONE of the most important characteristics of Islamic financing is that it …

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Indonesia Planning ‘Halal Economic Zone’

JAKARTA: As demand for halal products grows across the Islamic world, Indonesia has plans to establish a halal economic zone in Jakarta. The economic zone would likely include Islamic banks and financial institutions, as well as halal restaurants, hotels, malls, fashion boutiques and entertainment venues.

‘More Muslims Should Enter Halal Market’

KUALA LUMPUR: Muslim entrepreneurs in Malaysia should consider venturing into the halal industry especially in Asean countries, Malaysia’s Rural and Regional Development Minister Datuk Seri Ismail Sabri Yaakob said recently.

Global Islamic Finance To Hit $3.7 Trillion In 2020

KUALA LUMPUR: The global Islamic finance industry is expected to hit US$3.7 trillion by the end of 2020, said Tun Musa Hitam, chairman of the jury for The Royal Award for Islamic Finance.

Africa Ripe For Islamic finance

AFRICA’S development needs are greatly aligned with Islamic finance given the continent’s infrastructure deficit, paving the way for more sharia-compliant products on the continent, according to Imran Mufti, partner at Riyadh-based law firm Hogan Lovells.