Brunei Rapidly Growing as International Education Hub

by Rasidah Hj Abu Bakar  

BANDAR SERI BEGAWAN – Universiti Islam Sultan Sharif Ali (UNISSA) rector said the Islamic university’s new permanent campus in Temburong will help meet the uptick in student enrollment as well as accommodate new faculties and programmes. New UNISSA campus to accommodate growing number of students and the Islamic university records 10 to 20% increase in student enrollment annually.

For the 2018-2019 academic year, student enrollment increased by 10 percent, Dr Hj Norarfan Hj Zainal told The Scoop on the sidelines of the university’s convocation on ...


IIFM and BAFT to Created MRPA for Islamic Trade Finance

 BAFT (Bankers Association for Finance & Trade), an international financial services association, and IIFM (International Islamic Financial Market), an Islamic financial services standard-setting body, announced a memorandum of understanding to jointly create a master risk participation agreement to support Islamic Trade Finance.                                                                                                   

BAFT introduced its ...


Emir of Kano to Deliver Opening Keynote Address at the RFI Summit 2018

HRH Emir Sanusi II brings his experience as banker, central banker and Emir to deliver the change needed for the Sustainable Development Goals

Zurich, Switzerland, 7 March 2018 – The organizers of the Responsible Finance & Investment (RFI) Summit 2018 are excited to announce the opening keynote speaker for the Summit, His Royal Highness Emir Muhammadu Sanusi II, Emir of Kano.  His Royal Highness will share his experience engaged in advocating for sustainable economic development and the creation of a more equitable, inclusive and sustainable financial system. 

Emir Sanusi’s began his career ...


The Importance of Global Halal Standard

by Tati Maryati, SSi, MM and Prof. Dr. Mosaad A. Abdel-Wahhab  

Recently, the increasing trade of Halal products has deserved a special attention from various parties, especially Muslim societies because it reflects the strong economy of Muslims. Nevertheless, Halal products are not only for Muslims but also for all humans.  It was mentioned in the Qur'an that Halal food and beverages are the best for consumption because it is  good for health, which we are familiar with the term Halal-Thoyyib.

Apparently, this is realized by many parties, especially with the help of social media and internet, where the information is very easy to be obtained ...


Bringing Technology and Impact Finance Together in Support of Sustainable Growth

RFI Summit organizers open early-bird registration and release RFI Summit 2017 post-event report

Zurich, Switzerland, February 14, 2018 – The Responsible Finance & Investment Foundation (RFI) and Swiss Arab Network (SAN) are excited to announce the opening of early-bird registration for the RFI Summit 2018.  In addition to opening registration at exclusive discounted rates, the organizers have released a post-event report summarizing the RFI Summit 2017, which was held on May 3-4, 2017 in Zurich, Switzerland. 

Based on the experience and feedback provided by participants in the RFI Summit 2017, the organizers have aligned the RFI Summit 2018 around ...


From Farm to Fork – Issues with Fish Farming for Halal Certifying Bodies

by Tayeb Habib  

As sea fishery resources dwindle, and become more and more endangered, due to human over-exploitation, a growing fish farming is emerging worldwide. Fish farming that is pisciculture has the advantage of being renewable and sustainable, in a World that has more and more mouths to feed. In 7.6 billion World population and 1.8 billion are estimated to be Muslims, and the latter population cares about Halal food.

Global population growth and increased human welfare levels have led to a fast increase in demand for high quality foods. The FAO estimates that “global meat demand in 2030 will stand ...


Bibite Polara S.R.L. Company Profile

About Company

It was back in 1953, in south-eastern Sicily, that Peppino Polara set up his plant and made his first gassosa. The history of Bibite Polara began over 60 years ago, with a great mix of fizz, Sicilian flavor and capacity for innovation. A winning recipe, which has enabled this Modica-based company to expand their distribution network, entering the various segments of the soft drinks market, and finally becoming one of the biggest beverage producers in Sicily, Southern Italy and throughout the Mediterranean. At its modernized plant in Modica, Polara continues to produce soft drinks using ...


Key insights emerge as the 24th World Islamic Banking Conference kicks off in Bahrain

Key insights emerge as the 24th World Islamic Banking Conference kicks off in Bahrain

-Key highlights from the first day of the conference include the Governor’s Address, an exclusive interview trailing the vision for the next 40 years of Islamic Banking, the launch of the ICD-Thomson Reuters IFD Report 2017 and a fintech consortium of Islamic Banks and the WIBC Performance Awards honouring the top performing Islamic banks at the global, regional and country level.

Amwaj Islands, Kingdom of Bahrain, December 05 2017: Under the patronage of ...


Islamic Crowdfunding – A Gateway for Value Based Funding

by Prof. Nafis Alam and Lokesh Gupta  

Today, FinTech continue to be a driving force in the financial landscape of the economy. There has always been a demand for financial supports amongst individuals, entrepreneurs and Small & Medium Enterprise (SME), which remains unaddressed through existing financial institutions. FinTech startups are trying to fill this gap through Crowdfunding model using social platform. These platforms provide wider reach to individual for investing excess of funds and provide funding to those who needs it with valid purpose.

The concept of crowdfunding using Peer to Peer (P2P) model is evolving and is being used in increasingly creative ...


Industry Stalwarts set to headline the 24th World Islamic Banking Conference

-Key highlights at the 24th WIBC include: Keynote Speeches, CEO Power Debate, Digital Banking-focused Panel, Regulations Power Table, Report Launches and a Product Launch.

Amwaj Islands, Kingdom of Bahrain, November 30 2017: Under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, The Prime Minister of the Kingdom of Bahrain, the 24th edition of The World Islamic Banking Conference (WIBC), the largest and most prestigious gathering of Islamic banking and finance leaders in the world, will take place on December 4th, 5th & 6th in ...


Third Edition of the ISLAMICA 500 will be Released in Bahrain on 6 December 2017

Press Release

Published annually, the ISLAMICA 500 is THE business guide providing hard-to-find biographical details for 500 of the world’s most prominent and influential personalities in the Islamic world and economy.

Because the Islamic economy is multi-sectorial and global, the ISLAMICA 500 focuses on personalities beyond gender, nationality, religion and sectors. As such, this worldwide guide offers detailed profiles on the leading figures from different industries such as finance, science, business, politics, international affairs, law, and media.

Following the success of our previous editions, we are pleased to announce that our ...


Personality Interview: Prof. Volker Nienhaus

Prof Dr Volker Nienhaus received his doctorate in economics (1979) and his post-doctorate (1985) from the University of Bochum. He was full professor of economics at the German universities of Trier (1989-1990) and Bochum (1990-2004) where he also was director of the Institute of Development Research and Development Policy and vice rector for structure, planning and finance from 2000 to 2003. He was president of the University of Marburg from 2004 to 2010. He holds an honorary professorship of the University of Bochum and an honorary doctorate of the I.M. Sechenov Moscow Medical Academy (since 2009).

He became a Visiting Professor at the ...


Global Report on Islamic Finance

The World Bank in collaboration with the Islamic Development Bank Group launched a report titled “Islamic Finance: Islamic Finance - A Catalyst for Shared Prosperity?” The report highlighted that income inequality has increased considerably in the aftermath of the financial crisis of 2007-08 to the extent that one percent of global population possess almost half of the global assets. It is believed that Islamic finance – a system which is based on shared values &...


Global Economic Prospects: A Fragile Recovery

The World Bank Group has recently launched a report titled “Global Economic Prospects: A Fragile Recovery” which shows that global growth is expected to strengthen in 2018-19. Global activity is firming broadly as expected. Manufacturing and trade are picking up, confidence is improving, and international financing conditions remain benign. In emerging market and developing economies (EMDEs), growth is predicted to recover in 2017-19, as obstacles to growth in commodity exporters diminish amid moderately rising ...


Is Kangaroo on the Menu?: While Kangaroo meat may not be on the menu, it is certainly in the list of halal animals.

by Dr. Najeeb Zada  

According to some latest news, the Australians are worried about the increasing number of Kangaroos in the country. The people have been asked to increase their consumption of Kangaroo’s meat which are numbered at about 45 million, almost double the population of the country. An alarming increase in kangaroo population has been reported during the last few years and it is indeed a cause of worry for the authorities and rightly so. However, very few in the global halal industry may have thought about kangaroo as a profitable addition to the list of halal meat.

According ...


The Brave New World and the Role of Islamic Finance

by Muath Mubarak  

Today there are more than 700 Islamic Finance Institutions (IFIs) operating in over 75 countries across the globe ranging from full-fledged Islamic banks, Insurance firms to the capital market. Islamic finance is expected to grow USD 5-8 Trillion globally in asset size by 2020 but the incorporation of high tech developments in the industry should result in multifold asset size much greater than expected.

Hence there is a ...