Halal Focus

Muslims Mourn Gold Price

A major announcement in Islamic finance has been sidelined by a sharp turn in market conditions. Guidelines by industry regulators now define gold-use standards for Shariah-compliant banks and asset managers. The news may lead to broad-based recalibration of the gold market…
Halal Focus

Islamic Finance Falters on Global Stage

Tiny Malta has long flirted with Islamic finance to put it more firmly on the map as an offshore banking center. Ironically, the country may have now identified an ideal project for a sukuk—sometimes called an Islamic bond—at a time when it may not need Middle East…
Halal Focus

Entrepreneurs Gain From Burkini Effect

While France battles the burkini on its beaches, the halal fashion industry benefits from an unexpected boost. The Australia-based company that helped to pioneer the swimsuit style claims that sales are skyrocketing. It seems that French authorities have unwittingly created…
Halal Focus

Saudi Arabia Braces for Winter Weather

Riyadh has a new entertainment complex: Snow City. How about a family outing at the ice rink? For a city of four million that sees an average July temperature near 36°C (96°F), the potential is self-evident. The spend is much less than a winter holiday in Les Trois…
Halal Focus

Retail Sales Reinvented in Islamic World

Expressing religious affinity in the marketplace is seldom controversial, regardless of faith orientation. But percolating disposable income across the Islamic world is lending support to curious forms of commercialization, including halal cat food and halal house paint. Our…
Halal Focus

Islamic Bankers Recalibrate Expectations

The need to rationalize capacity in the Islamic finance industry is likely to be one side effect of a more deliberate economic setting worldwide. In particular, we expect to see further dislocations in the sukuk business, as issuance falters. That outlook contrasts with the…