By Pete Wedderburn. The Dutch parliament has voted to ban no-stun slaughter (Photo: Alamy)

Yesterday’s vote in the Dutch parliament to ban the no-stun slaughter of livestock could halt production of kosher and halal meat in the Netherlands, and is likely to inspire similar campaigns in other European countries. Read the rest of this entry »

Amsterdam. A Halal butcher store in Amsterdam. If the newly passed Dutch law is enacted and enforced Jews and Muslims may have to import their meat or stop eating it altogether. Photo: AP

Countries must work together to promote alternative system. By Rushdi Siddiqui, Special to Gulf News.

The price of oil is not the only ‘greaser’ for expansion of Islamic finance. Lately, a number of countries seem to be pre-empting a social-movement-cum-change of regime as today’s ‘oil price’ facilitator for welcoming Islamic finance. Read the rest of this entry »

BEIJING, Sept 27 (Bernama) — The Malaysia Chamber of Commerce and Industry in China (Maycham China) says it has not forgotten the opportunities in Malaysia even if it is based outside the country.

Its Chairman, Ting Sie Hang, said that they were always on the lookout for opportunities in Malaysia although they have set up in China. Read the rest of this entry »

By Rushdi Siddiqui

In London, an acknowledged hub for Islamic finance, the Times had an eye-catching headline recently: ‘After six years, Sharia-compliant bank products are ‘huge flop.’ It resulted in numerous comments by those involved in Islamic finance, reminding us all that negativity draws a reaction. But the jury is still out on the embryonic Islamic finance sector in London, and using a micro-cap size listed Islamic bank, the Islamic Bank of Britain (IBB), may be more about the entity and its offering than the viability of Islamic finance in a non-Muslim country. Read the rest of this entry »

KUALA LUMPUR, April 30 (Bernama) — Malaysian and British Islamic banks have agreed to greater collaboration in cross-border Islamic liquidity management transactions, the Association of Islamic Banking Institutions Malaysia (AIBIM) said on Friday. Read the rest of this entry »

By FIONA MACLEOD

A SCOTTISH university is to offer the UK’s first postgraduate course in Islamic finance.

Dundee University will unveil its MSc in Islamic accounting and finance at a conference on ethical finance in Edinburgh today. The course has been created to meet increased demand from the banking sector. Read the rest of this entry »

BANK Islam Malaysia Bhd, the country’s oldest Islamic bank, is in talks to take over rivals abroad as part of its long-term growth plans.

Managing director Datuk Seri Zukri Samat said the lender was in talks with a few Southeast Asian Islamic banks from time to time, but “nothing concrete” had emerged yet. Read the rest of this entry »

Bank Islam Malaysia Bhd is looking for merger and acquisition opportunities in the Southeast Asian region, according to managing director, Datuk Zukri Samat.

“We are looking at any opportunity for mergers and acquisitions or taking a strategic stake in banks around the region,” he told reporters, after the official opening of Bank Islam’s 100th branch at Bukit Damansara, here today. Read the rest of this entry »

Karachi: Emirates Global Islamic Bank has launched a BancaTakaful product ‘Sarparast Family Takaful Plan’ in collaboration with Pak-Qatar Family Takaful and FWU AG a global facilitator of BancaTakaful.

Sarparast is the latest addition to EGIBL’s product portfolio, and has primarily been designed keeping in mind their customers’ security and customer satisfaction. Read the rest of this entry »