In The Name Of God The Most Merciful, Most Compassionate

All Finance

Jan01

12 secrets to increased provision (rizq)

By: Umer Suleman Source: Islam21c.com I’ve worked in and around the City for around 15 years now and one of the aspects of working in one of the financial capitals of the world I’ve really noticed is, the impact that the fiercely competitive environment has on an individual, and how they measure their own success by position and salary. Achieving more money (or even maintaining what you have) becomes the greatest aim we have, and this aim is reflected in how we behave, and what we are willing to sacrifice for it. Pursuits in life can sometimes dominate the entire discourse of our existence, fooling us to reach fulfilment and satisfaction, only through attaining a status in this world...

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Dec02

UAE displaces Singapore as worlds most powerful passport

By: Arab News Source: Arab News JEDDAH: Holders of the United Arab Emirates (UAE) passport can travel to 167 countries without the need for pre-visa requirements, dislodging Germany’s as the most powerful passport worldwide, an online ranking site said on Saturday. A UAE passport holder can also obtain visas from 54 countries upon arrival, said the Passport Index in its December 2018 report. Only 31 countries require visas for the UAE passport holder, it added. The UAE government hailed the new Passport Index ranking as an “exceptional achievement “, which coincides with the ‘Year of Zayed’ and country’s 47th National Day. The UAE passport’s rank this year was a big...

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Nov26

Al Hilal Islamic bank uses blockchain to sell sukuk

By: Reuters Source: Reuters DUBAI: Abu Dhabi’s Al Hilal Bank has executed the world’s first sukuk transaction using blockchain technology, it said on Monday. The Islamic bank used the distributed ledger technology, best known as the underpinning of crypto-currency Bitcoin, to sell and settle in the secondary market a small portion of its $500 million five-year sukuk, issued in September. “Al Hilal Bank is aiming to transform the sukuk market through embracing blockchain and integrating it into their infrastructure, paving the way for innovative digitized Islamic sukuk,” it said. A bank spokeswoman said the size of the deal was $1 million, sold by Al Hilal to a private investor. Applied to...

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