Ongoing growth of Islamic finance entices Western institutions. The move further reflects the maturity of the banking industry in traditional markets. Worth emphasizing: The perception of Islamic finance globally becomes more-and-more substantial. Mambu, an Amsterdam-based company working as a service provider to banking institutions, now looks farther afield to enlarge […]
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Western perceptions of the Islam world can be peculiar, with views of the Middle East rooted in terrorist concerns and thoughts of Southeast Asia tied to palm oil or tourism. Developments in finance, let alone Islamic banking, seldom percolate to the surface, nor do considerations of technology innovation. The ummah is far less homogeneous than international news would suggest. Definitions of wealth extend beyond commodity-based income at the national level to the role of spiritual issues in everyday affairs.
UAE Signs Trade Pact with Indonesia
Abu Dhabi and Jakarta implemented their free-trade agreement this month, harboring important implications for the Gulf nation. The UAE economy is about one-fifth the size of Indonesia. The announcement is also noteworthy because it emphasizes a type of South-South business corridor that is independent of global heavyweights. One notable feature […]
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Fund Marketing: Equity Concept Defies Launch Convention
We are intrigued by news out of Malaysia that the local asset-management arm of Nomura is now rolling out its Global Shariah Sustainable Equity Fund. Given that a new investment fund can take as long as a year to work through marketing issues and regulatory approvals, this product development team […]
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Muslim-Owned Grocery Store in Tucson Is Destination for Kosher
Tucson, Arizona is a city with a population of about 550,000, perhaps best known as home for the University of Arizona. It is also home to Al Basha Grocery, a small provisions store that caters to local Muslims. There are—possibly—some 9,000-to-10,000 Muslims in the greater Tucson area. For context, watch […]
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