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The Muslim world is extremely diverse culturally, so it is no surprise that colour cosmetics trends are many and varied. However, one clear universal trend is that Muslim women are on average becoming more knowledgeable about make-up, especially with internet influencers spreading advice on products and techniques.…

A campaign to boycott Indian products in Islamic countries because of anti-Muslim comments made by leaders of India’s ruling Bharatiya Janata Party (BJP) may have died down for now but given the continuing Hindu-Muslim tensions in India, the risk of future supply disruption remains, warn economists.…

Gaps in the international regulation of cryptocurrency and virtual asset service providers (VASPs) could aid money laundering, even in countries where these financial instruments are highly regulated, according to United States President Joe Biden. He warned in a March 9 Executive Order (1) on ensuring the responsible development of crypto assets that there was a need for international cooperation on crypto regulation if the US were to control its virtual currency-linked ML risks.…

Growing environmental concerns and rising awareness of sustainable energy resources is driving considerable growth in the global used cooking oil (UCO) market. Production is also being boosted by recent technological advancements in UCO processing, expanding supplies from the rapidly evolving foodservice industry and initiatives by various governments to promote UCO for industrial use.…

Cannabidiol oil, or CBD oil, has steadily become a more in demand commodity supplied by the bio-based oils and fats industry due to rising product usage in food, pharmaceuticals, supplements, nutraceuticals, lotions, shampoos, soaps, bath gels, massage oils and cosmetics.

Product developers stress how CBD products can provide consumers with relief for anxiety, depression and post-traumatic stress disorder.…

The United Nations Environment Assembly’s (UNEA) planned global pact on plastic may act as a further disruptor and consolidator of efforts to address plastic packaging in the dairy industry. The legally binding agreement, which UN member states agreed would be concluded by 2024, according to a March 2022 announcement, aims to facilitate an end to plastic pollution by addressing the lifecycle of plastic, from design and production to disposal.…

The International Sustainability Standards Board (ISSB) has released its strategy to create a “global baseline” of guidance on how companies and public organisations should make disclosures on their impact on the environment and society. It will try to release this core advice by the end of the year.…

Sophisticated technologies offer companies the chance to better fight fraud and corruption, even if such tech also aids criminals. The international Association of Certified Fraud Examiners (ACFE) discussed the latest trends at its annual conference in Nashville, USA, from June 20-22.…

Despite its promising outlook and early results, Indonesia’s largest Islamic bank has its work cut out to achieve economies of scale needed to compete globally and even at home, where knowledge of sharia-compliance banking systems remains poor, say analysts and officials.…

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. …