Finance News

The amendments to the Food and Drug Regulations (labelling halal food products) were published in Canada Gazette, Part II on April 23, 2014, OTTAWA By Canadian Food Inspection Agency Regulations Amending the Food and Drug Regulations (Halal food) P.C. 2014-353 April 3, 2014 His Excellency the Governor General in Council, on the recommendation of the Minister of Agriculture and Agri-Food, …

Islamic finance is growing at a phenomenal rate worldwide, not only in the Muslim world, but even in the West which has a thriving Islamic Finance industry. So said Muhammed Ikram Thowfeek, Founder and Managing Director of First Global Academy (FGA). He was speaking on the occasion of the Academy’s 2013 Awards Presentation under the theme ‘Translating intention to action’. …

 Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base.   Now China is going to let the dollar decline further in value.  China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of …

The next time someone tells you that the US government is operating in a fiscally sustainable manner and that our economy is growing strongly point them to the latest report from the U.S. Treasury Department. According to the new report released yesterday all of our worst fears may soon be realized should the United States default on its obligations to creditors, …

Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach $2.6 trillion by 2017. Aiming to build on London's status as a leading exporter of financial services, Britain hopes to step up the challenge to Islamic finance centres such as Dubai and Kuala …