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Sharia-compliant financial technology (fintech) is poised for explosive growth across both Islamic and western jurisdictions. 

In part this reflects growth in Islamic finance: Refinitiv, an American-British global provider of financial market data owned by the London Stock Exchange (LSE), predicts the value of money transacted through the Islamic finance sector will reach USD4.9 trillion by 2025. …

International legal arbitration systems and judicial standards are emerging to help solve complex Islamic finance disputes, while national judicial and informal dispute resolution systems continue to develop – in civil and religious law institutions.

Informal dispute resolution processes can, of course, resolve disagreements without recourse to the payment of damage and potentially without damaging valuable reputations.…

Marketers for the planned Saudi Arabia megacity of Neom, a key plank of the kingdom’s Vision 2030 strategy of economic growth and diversity, will highlight it site’s ancient religious heritage and develop adventure tourism to attract five million international tourists-a-year (by 2030).…

While Europe is abuzz with policy discussions about extending the life of existing nuclear power plants, amidst growing concern about the need to wean the continent from dependence on Russian fossil fuels, this electricity source has continued to enjoy support in Asia.…

Companies in Japan that export paint and coatings and related chemicals ingredients to Russia and Belarus may face a trade ban if those items have been classed as ‘advanced goods’ under a May 20 amendment to Japan’s Export Trade Control Order.…

Russia’s unprovoked invasion of Ukraine has disrupted the supplies of food, especially cereals, to major halal food markets, with Ukraine and Russia togethering controlling around 30% of the global wheat trade. The military action, which the UN said on April 17 had killed 2,072 civilians, has put the Middle East and North Africa in a tight position over food supplies, especially given the region’s economies have been weakened by the Covid-19 crisis.…

After two years of strict travel restrictions, international borders are finally opening for quarantine-free travel, coinciding with the month of Ramadan. But to what extent will the escalation of oil prices and disruption of air travel caused by Russia’s invasion of Ukraine affect Muslim travellers’ plans?…

With the Islamic finance sector growing fast – with global turnover valued at USD2.2 trillion, according to S&P Global Ratings’ Islamic Finance Outlook 2022 Edition, with a projected 12% growth between 2021 and 2022 – demand for higher education courses on the topic are growing fast.…

The Middle East and North Africa (MENA) paint market has had a difficult past two years, but the sector is gradually rebounding, driven especially by major development projects and growth in Saudi Arabia and Egypt.

“It has been tough period. Covid-19 had a significant impact on the MENA.…

Pakistan textile and clothing industry has witnessed many advances and retreats during the last 10 years. With the country operating a less draconian set of lockdowns than neighbouring countries in south Asia, it has leveraged recent investment by increasing clothing and textile exports.…