News

‘Without work and hope’: Bethlehem’s Christmas economy bleeds from Gaza war

The West Bank city loses Christmas tourism amid daily Israeli raids and the continuing assault on the Gaza Strip. There are no tourists on Bethlehem’s streets and churches have announced the cancellation of all Christmas festivities amid the continuing Israeli assault on Gaza [Mosab Shawer/Al Jazeera] By Mosab Shawer Published On 22 Dec 202322 Dec 2023   Bethlehem, occupied West Bank …

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Islamic Capital Market Products; the Introduction of Regulations for Sukuk to the Sri Lankan Capital Market

By Securities and Exchange Commission of Sri Lanka (SEC) Islamic Capital Market Products (ICMP) are securities which are developed in compliance with Islamic Law, and ICMPs play an important role in the development of the Capital Market and the economy as it opens up opportunities for investment and fund raising. Many countries have introduced different types of ICMPs, such as Shariah-compliant …

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Russia’s Trade With Muslim Countries

Bilateral trade volumes are significantly up as Moscow targets the Islamic world for new trade and development opportunities  By Farzad Ramezani Bonesh, with additional commentary by Chris Devonshire-Ellis Due to the Ukraine conflict, Russia has lost part of its supply chain and Western-origin suppliers, compounded by most Western based countries imposing sanctions and cutting off their economic relations with Russia. However, to …

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Selling goods online : Gazette issued with new regulations

The Consumer Affairs Authority (CAA) has taken a significant step towards safeguarding consumer rights by issuing a special gazette notification aimed at regulating the activities of online sellers and sellers operating on digital platforms. The directives outlined in the notification, which were announced by CAA Chairman Shantha Niriella on May 17, are designed to protect consumers throughout the various stages …

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Brazilian businesses look to expand halal food exports to Arab countries, Islamic communities

Brazil is already the leading exporter of halal meat and poultry to the Arab world but authorities believe the wider halal market holds even greater potential and are taking steps to unlock it. (Shutterstock) Project incentivizes food companies to obtain halal certification to access Muslim markets worldwide Exports to the Arab world from Latin America’s biggest economy reached $17.74 billion …

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Special commodity levy on dates reduced temporarily

On behalf of the upcoming Ramadan festival, President Ranil Wickremesinghe has issued an order to reduce the Special Commodity Levy (SCL) imposed on Dates from Rs.200 to Rs.1 per Kg.  The President Media Division said the waiver only applies to Dates received as a gift or donation, without any foreign exchange involved, from foreign governments, organizations, business entities, volunteer associations, …

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