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A major campaign to introduce Islamic banking and finance into India was kicked off in the Kerala city of Kochi on Friday with Justice Krishna Iyer taking the lead. "I welcome Islamic finance in India," said Iyer, a former Supreme Court judge. "Islamic finance has proven successful in poverty alleviation and promoting sustainable growth in many countries, including the United …

The global economy, artificially boosted since the recession of 2008-2009 by massive monetary and fiscal stimulus and financial bailouts, is headed towards a sharp slowdown this year as the effect of these measures wanes. Worse yet, the fundamental excesses that fueled the crisis – too much debt and leverage in the private sector (households, banks and other financial institutions, and …

Despite the worldwide recession, Muslims in greater numbers are searching for Muslim-friendly hotels and resorts to spend their money on, leaving hotels from Muslim and Western countries alike scrambling to earn their business. Apart from the worldwide economic crisis the so-called Halal tourism is on the rise. The World Travel Market Report in 2007 forecasted a massive growth for this …

ABU DHABI: The market for Islamic financial products is poised to surpass $1 trillion in value this year as demand surges globally, a senior Moody's official said on Monday. With a growth rate of 20 percent per year, the market for products such Islamic bonds and savings products was worth around $950 billion at the end of 2009, said Anouar …

Dr.Imamul Haque, Associate Professor, Department of Commerce, Aligarh Muslim University & Fayaz Ahmad Lone, Research Scholar, Department of Commerce, Aligarh Muslim University, Aligarh, India   © Islamic Finance Today   Islamic banking and finance is one of the fastest growing industries in the world today. Surveys reveal that it is growing at a phenomenal rate of 20 percent worldwide – …

The first thing people need to understand is that the economic crash wasn’t a crash for the people who caused it. In fact, these financial terrorists are now doing better than ever. In a recent report, titled “Social Inequality in America: Widening Income Disparities,” more evidence of the unprecedented transfer of wealth was revealed: “As of late 2009, the number …