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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 …