economy


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Understanding Inflation from an Islamic Perspective

supermarket trolley

Inflation has gripped everyone around the world. We haven’t seen such inflation rates in decades. Economists are divided over the reasons for the inflation (they always are). To be fair to the economists, it is not really possible to accurately predict, explain, or solve inflation, because for the most part it is not in our…...

Morocco Becoming A Solar Superpower

morocco solar power

SPRINGING up on the edge of the Sahara desert are rows of curved mirrors as far as the eye can see. They’re part of what could become the biggest solar power plant in the world. Morocco is investing about $2.6 billion on the construction of the Ouarzazate complex, which forms the heart of a $9…...

Top 3 Emerging Trends Impacting the Global Halal Cosmetics Market

cosmetics

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:…...

How Prophet Muhammad ﷺ revolutionized the Islamic economy

islamic economy

Islam revolutionized the lives of the people in the middle ages by discouraging involuntary and slave labour and substituting it by free labour. The Prophet ﷺ firmly opposed the practice of putting a labourer to work without settling beforehand his wages or the terms of his labour.1 He exhorted his people to “pay the labourer’s…...

Africa Ripe For Islamic finance

africa

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…....

Islamic Scholars Discuss Cryptos At Forum

cryptocurrency in islam

THE world’s top Islamic finance scholars are scrutinising the validity of cryptocurrencies, as debate grows in the industry as to whether they can be deemed sharia compliant…....

Turkey To Triple Market Share Of Islamic Finance

Turkey to triple market share of Islamic finance

TURKEY is committed to tripling the market share of Islamic finance, bringing it up to 15 percent by 2023, Deputy Prime Minister Mehmet Şimşek has said. Speaking at a conference at the Gaziantep-based Hasan Kalyoncu University, Şimşek said the Islamic finance market had been growing swiftly in Turkey and that the government aimed to further…...

Many Non-Muslims Learning Islamic Finance

islamic finance and non muslims

DUBAI: Jeroen Tap, an energy contracts manager for the Benelux region at Dow Chemicals, acknowledges that he is among the “less obvious” students to enrol on an Islamic finance course as part of his self-funded executive MBA at London Business School…....