Muslims all around the world consider Ramadan the holiest month of the year. It is a time when Muslims fast during daylight hours and spend more time praying and engaging in charitable acts. According...
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Saudi Arabia and South Korea seek to enhance entrepreneurship and innovation cooperation
Saudi Arabia and South Korea have discussed cooperation in the fields of entrepreneurship and innovation, with a focus on increasing investment partnerships. Saudi Arabia’s Minister of Investment, Khalid Al-Falih, met with South Korea’s Minister...
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Why British Supermarkets are Missing Out on Ramadan Revenue
Ramadan is the most significant event in the Muslim calendar, and food is a central part of the celebrations. However, British supermarkets are set to miss out on the estimated £200m that British Muslims...
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Islamic Finance: A Growing Market in Pakistan
The Islamic banking and finance industry is rapidly growing in Pakistan, and the IBA Center for Excellence in Islamic Finance (IBA-CEIF) recently conducted a one-day capacity building session for media professionals to provide insights...
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Islamic Finance and Sustainable Development: A Natural Alignment
Many Islamic banks have always emphasised the ethical aspects of sharia-compliant finance, and with the rise of ethical and sustainable banking, there is now an opportunity to align Islamic finance with the UN Sustainable...
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UAE-based Fintech Wafeq Raises $3 Million to Expand to Egypt and Double Down on Saudi Presence
UAE-based fintech startup Wafeq recently raised $3 million in seed funding to expand its presence in Saudi Arabia and enter the Egyptian market. The company, founded in 2019, provides user-friendly financial software tailored to...
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