Business Blog

Integration still eludes sukuk market

Mohamed Damak of Standard & Poor's Ratings Services outlines challenges to the growth of a truly global marketplace for sukuk.

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Islamic Development Bank loans $180 mln for Africa projects

The Islamic Development Bank has launched a programme to release $180 million in financing to six African countries for renewable energy projects as part of a broad strategy to deepen its involvement in the region.Islamic finance is growing in Africa.

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OIC member states consider ways of boosting Islamic Tourism

JAKARTA, 3rd June, 2014 (WAM) -- The member states of the Organisation of Islamic Cooperation (OIC) are considering ways of boosting Islamic Tourism during the 1st International Forum of the Organisation on Islamic Tourism which began in Jakarta...

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Aljazira Takaful Taawuni Company announces SAMA's Final approval for its insurance products

Aljazira Takaful Taawuni Company announces obtaining SAMA's final approval to use of insurance products for the following products Individual life Juvenile ( marriage , education )

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PineBridge Investments raises USD140m for GCC real estate fund

PineBridge Investments, a New York-based asset manager, said its Middle East unit had raised USD 140 million for a sharia-compliant fund that would invest in income-producing real estate assets in Gulf Cooperation Council countries.

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GCC food standards meeting opens

Requirements for the slaughter of animals in accordance with provisions of the Islamic Shariah, bottled drinking water, chicken eggs and chilled chicken are among the top issues of discussion at the 20th meeting of the GCC Technical Committee on Food and Agricultural Products Specification.The two-day meeting was opened in Doha yesterday with the participation of the Standardisation and Metrology

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