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Islamic finance, money matters

Australian Islamic Fund Manager Crescent Wealth hits $100million milestone

Australian Islamic Fund Manager Crescent Wealth hits $100million milestone

Australian based Islamic fund manager Crescent Wealth today announced it is now managing over $100 Million in Islamic Super and Investments.

Islamic Economy Summit held in Italy looks at challenges and opportunities

The Italian city of Turin hosted leading Islamic and modest fashion brands at a one-day roundtable that addressed critical key challenges and opportunities in the global Islamic economy sector

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US: Muslim women entrepreneurs make identity ‘look good’

Sofia Hersi exemplifies the growth of female Muslim entrepreneurs among the thousands African immigrants to the US… A recent study indicates that — women in particular — have a

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Russia: Islamic banking may ease effect of sanctions

Herman Gref, the head of Russia’s largest bank Sberbank, welcomed the introduction of Islamic banking in the country’s traditionally Muslim regions, saying it

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Gaza: Islamic finance empowers women

Poverty and unemployment have pushed many women to become the source of income to their families, thus seeking to open their own enterprises through Islamic loans.

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New Zealand woman ditches banks for Islamic institutions

A Muslim woman who unsuccessfully lobbied New Zealand’s big banks for interest-free mortgages is turning her attention to other financial institutions

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Islamic fashion and Shariah finance

Dominated for centuries by small family businesses, the industry is now attracting interest from Islamic finance centers. Dubai has set up a tax-free

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Oxfam: 1% to own more than 50% of world’s wealth

The richest 1 percent of people in the world will have a majority of the wealth on the planet next year, according to development nonprofit Oxfam

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Muslim organizations shocked at HSBC’s abruptly closing their accounts

Following HSBC’s controversial decision to unilaterally close bank accounts belonging to a number Muslim organizations based in the UK, the Muslim organizations have hit back, branding the move “shocking” and “Islamaphobic.”

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Jordan considers Islamic bonds but aid may be more tempting

Jordan’s government is studying a proposal to issue its first Islamic bond but pressure to cut public debt and a preference for concessionary loans from aid donor countries could hinder the plan

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