Source : The Economist | 28 May 2013
The Halal industry to the world’s 1.8 billion Muslim shoppers, is a market likely to grow by 35% by 2030. But stereotypes of joyless zealotry are as misleading as the idea that the Muslim market involves only interest-free finance and hand-slaughtered meat. Sharia law forbids meat such as pork and birds of prey, plus blood and carrion.
By Carina Kamel / 10 Jan 2013
Egypt will sign a long-awaited financing deal with the International Monetary Fund (IMF) before upcoming parliamentary elections, the planning minister has told Al Arabiya, hinting that elements of the government’s economic program such as a controversial sales tax rise could be subject to change in a revised agreement.
Minister Ashraf El Araby also dismissed reports that newly announced aid from Qatar could delay the IMF loan.
By John King | Irishtimes | 21 May 2012
IN THE West we have, over many years, created a range of financial instruments to meet the needs of business, of investors and of the man and woman in the street. In the recent past, institutions in the Islamic world have developed a parallel set of instruments which seek to fulfil those needs in a way which is consistent with sharia law.