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Halal: Operating within the shariah-compliant digital economy

Malaysia is home to a Muslim-majority population. To ensure that their halal needs are met, the Department of Islamic Development Malaysia (Jakim) was created and is responsible for issuing halal certifications in the country. While the coverage of these certifications is wide and widely known in the F&B industry, pharmaceuticals, cosmetics as well as other goods, this is not the case in the services industry, says Faeez Fadhlillah, entrepreneur and co-founder of travel platform Tripfez. “There is a growing need for something that covers the broader services industry, especially as more digital start-ups offer services that are targeted at the Muslim population. We see a lot of these start-ups operating in healthcare, travel and tourism as well as financial services,” he adds.

Pakistan Ranks 8th in the Global Islamic Economy Indicator List

Islamic Finance After COVID-19 | Global Finance Magazine

Advertisement Islamic finance took a hit in 2020 but is preparing for the next surge of growth through innovation, standardization, and M&A activity. December 28, 2020 The Islamic finance industry slowed down significantly in 2020 after experiencing a very strong 13% growth rate in 2019. Islamic financial institutions spent most of the year coping with the dual shocks of adjusting to the COVID-19 pandemic and historically low oil prices. According to the latest State of Global Islamic Economy report, total Islamic finance assets stood at $2.88 trillion by the end of 2020, matching last year s figures. Fortunately there is light at the end of the tunnel. Growth is expected to bounce back and total

How Islamic finance could help pull the UK out of its Brexit and Covid slump

How Islamic finance could help pull the UK out of its Brexit and Covid slump
arabianbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabianbusiness.com Daily Mail and Mail on Sunday newspapers.

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