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The Islamic, or halal, food industry is valued at about $2 trillion a year. (File photo)
March 23, 2017 - 17:06 GMT
Oman has several advantages in attracting investment in Sharia-compliant industries, including halal food.
Saudi Aramco's IPO is scheduled in the second half of 2018. (AFP/Fayez Nureldine)
March 23, 2017 - 12:03 GMT
Saudi Aramco is seeking to issue $2 billion worth debut Islamic bond sale, the first step of a plan to tap markets for an estimated $10 billion.
Moody’s said that Islamic banks perform better primarily as a result of their low funding costs, which reflect their reliance on largely stable current and savings account balances. (File photo)
March 19, 2017 - 07:00 GMT
After trailing for five years, Islamic banks have become more profitable than their conventional counterparts in 2016 according to a report by Moody’s Investors Service.
Nasdaq Dubai is the world’s largest venue for sukuk listings at $45.06 billion.  (File photo)
March 13, 2017 - 06:02 GMT
Nasdaq Dubai and Bourse de Tunis have signed a Memorandum of Understanding (MoU) to boost collaboration and explore ways to promote Islamic capital markets products and solutions.
An S&P study found that 50 percent of sukuk investors were based in the GCC.  (File photo)
February 08, 2017 - 09:00 GMT
The rating agency believes that the GCC liquidity remains adequate in global comparison and that banks may respond to the lack of growth opportunities by reallocating some liquidity to the bond and sukuk markets.
Detail of ancient arabic carving, La Alhambra, Granada, Spain. (Shutterstock)
January 31, 2017 - 09:00 GMT
There is growing demand in Europe among non-Muslims for more education and awareness of the Islamic finance industry and its products.
The Muslim market, 72 per cent of which originated from OIC countries, is the second largest travel market next only to China ($168 billion) and ahead of the United States ($147 billion). (Shutterstock/Anton Gvozdikov)
January 23, 2017 - 13:30 GMT
The Thomson-Reuters study evaluated the countries based on inbound Muslim travel, the quality of their Halal-friendly ecosystems, awareness campaigns, and the sector's contribution to employment.
Earlier this year Shuaa Capital laid of 15 percent of its workforce. (File photo)
December 27, 2016 - 10:00 GMT
Khaleeji Commercial Bank is considered to be one of the fast growing Islamic banks in the region.
As smart devices are increasingly becoming part of everyday life for most people in the digital age, it is essential for the banking sector to become more innovative to enhance its productivity. (Shutterstock)
December 21, 2016 - 06:18 GMT
A report published this month by Ernst & Young said the adoption of financial technology is not an option anymore, but an essential requirement for Islamic banks to gain more market share.
The 23rd World Islamic Banking Conference took place 5-7 December 2016 in Bahrain. (Twiiter/WIBC2016)
December 08, 2016 - 09:00 GMT
Tackling the lack of human capital in Islamic banking industry should be considered a priority, according to the chairman of Saudi Arabian Monetary Authority.
The UAE, specifically Dubai is aiming to become a global hub for the Islamic economy by 2020. (File photo)
December 07, 2016 - 07:16 GMT
Fitch Ratings reports that while Islamic financing growth has slowed, growth was still ahead of conventional banks and is likely to stay in single digits in 2016.
Gold has brought about better returns than other major Sharia-compliant asset classes in recent times. (File photo)
December 06, 2016 - 10:00 GMT
Following consultations between the World Gold Council, Islamic scholars and and AAOIFI, standards have now been set by which financial institutions can apply Sharia principles in the direct physical handling of gold.
The halal market includes not only food products and food services, but also pharmaceuticals, cosmetics, personal care products, and banking. (Shutterstock)
December 04, 2016 - 09:00 GMT
As the halal food industry continues to garner global interest, industry leaders in Barcelona are discussing ways in which the halal industry can have wider benefits for Mediterranean economies.
Al-Rajhi Bank is the largest Islamic bank in the world, with assets of SR331.4 billion ($88 billion) at the end of first half of 2016. (Al Rajhi Bank)
December 01, 2016 - 10:00 GMT
Saudi Islamic banks will continue to operate in a tougher environment due to slower financing growth, but liquidity has now stabilized with the recent government injection.
HE Dr. Yousef bin Ahmad Al-Othaimeen, Secretary General of the OIC delivering his opening speech at the 32nd Session of COMCEC.
November 27, 2016 - 06:19 GMT
Speaking at the OIC's COMCEC in Istanbul, the Turkish minister called on delegates to design specific plans and programs to achieve 25 percent of trade between OIC countries.
COMCEC convenes annually at the ministerial level in Istanbul under the chairmanship of Turkey’s president
November 22, 2016 - 06:30 GMT
The Standing Committee for Commercial and Economic Cooperation (COMCEC) of the Organization of Islamic Cooperation (OIC), a major economic body for Islamic countries, is holding its 32nd meeting in Istanbul.