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A Glimpse into The Global Halal Industry [2023]

The Halal industry is much more than just food on your plate. It’s a way of life that encompasses the entire ecosystem, from food production to consumerism.  The Halal industry is a booming global market. The global Islamic economy comprises seven sectors — Islamic finance, Halal food, modest fashion, media and recreation, Muslim-friendly travel, pharmaceutical, and cosmetics. It is […]

What China’s $540 Million Energy Deal with Taliban in Afghanistan Means

By  Syed Raiyan Amir The Taliban celebrated the signing of their first international deal since taking power in August 2021 with a televised event on January 5, 2023. The document signed is a contract for the exploitation of oil reserves in northern Afghanistan with a Chinese business. In accordance with the agreement, Xinjiang Central Asia Petroleum and […]

Why Has Islamic Finance Not Been Able To Reduce Poverty in Muslim Countries?

By our Special Correspondent Islamic finance is a financial system based on principles derived from the teachings of Islam. It aims to provide an alternative to the traditional, interest-based financial system, which is considered haram (forbidden) in Islam. One of the main goals of Islamic finance is to promote economic development and reduce poverty in […]

China’s Demand for Africa’s Donkeys is Rising. Why it’s Time to Control the Trade

By Lauren Johnston In recent years, there’s been a huge, rising demand for donkey hides in China, where they are used to make an ancient health-related product called ejiao. Ejiao is made from collagen that’s been extracted from donkey hides mixed with herbs and other ingredients to create medicinal and health consumer products. It’s believed to have properties that strengthen the […]

Africa Islamic Economic Foundation, Saylor Academy Partner to Leverage Free Education for Sustainable Skill Development

Africa Islamic Economic Foundation (AFRIEF) is very pleased to announce a new partnership with Saylor Academy, to provide flexible, affordable learning opportunities for AFRIIEF’s communities and those interested in joining its programs. As part of AFRIIEF’s mission to support human capital development across the African continent, learners will be able to earn certificates in key […]

How The Hijab Has Grown Into A Fashion Industry of Its Own

The hijab, a head covering traditionally worn by Muslim women for religious purposes, has come a long way from being just a religious garment to a full-fledged fashion accessory. Over the years, the hijab has evolved into a niche market with its styles, designs, and materials, offering a range of options for those who wear it. The […]

Ghana’s Long Journey to Islamic Finance

By Baba Yunus Muhammad Islamic finance today has become a global growth phenomenon that no region or country can afford to ignore. According to the State of the Global Islamic Economy Report 2020/21, an annual industry report produced by Thomson Reuters, the global market for Islamic financial services, as measured by Shariah compliant assets, is […]

Russia To Increase Halal Meat Export To the Middle East

Russian exports of halal products to Persian Gulf countries and Egypt could grow by more than six times by 2030 compared to 2020 data, the head of strategic communications and product promotion at Russia’s Agroexport Center, Andrei Kucherov has stated. “Russia exported US$116 million worth of Halal products to these countries in 2020. The share of confectionary […]

What is the State of the Islamic Finance Industry in Japan?

Islamic finance is a financial system that is based on principles of Shariah or Islamic law. It is a rapidly growing industry that is estimated to be worth over $3 trillion globally. The Islamic finance industry is important in Japan for several reasons. First, Japan has a large and growing Muslim population, which creates a […]