In The Name Of God The Most Merciful, Most Compassionate

All Finance

Dec21 and the strength of halal tourism

By: Alicia Buller Source: The National Elnur Seyidli is a man who is teeming with ambition. At the age of 39, he has already lived and worked in six countries and chaired ­several businesses across the globe. But perhaps the biggest feather to his bow is yet to come. As the chairman and co-founder of ­, he says all bets are on his latest brainchild being a billion-dollar business in just five years’ time. Coining his company as the “halal version of”, he is confident that a confluence of global mega trends will drive the growth of his London-based travel booking start-up. “If you’re a Muslim from Malaysia and you’re travelling to Peru, we...

Read More

Irhal: an app for Muslim travelers

By: Layan Damanhouri Source: Saudi Gazette Finding a halal restaurant or a place to pray while traveling in a foreign country is not always easy, which led entrepreneur Irfan Ahmad to create a travel app for Muslim travelers. “During my travels, I wanted to know where I could find halal food. That was a big challenge for me,” Ahmad said in an interview with Saudi Gazette. “This project is not just about making profit but providing needed information to Muslims.” Irhal is an app that offers city guides for 90 cities and is used by over 1.5 million people each year. Not only does it feature tourist attractions and travelers’ needs, it also features reviews of halal restaurants, mosque...

Read More

Tunisia: Official says Islamic finance can save the economy

By: MEMO Source: MEMO The Governor of Tunisia’s Central Bank, Chedly Ayari, said on Monday that his country needs to come up with $1 billion in the form of Islamic finance bonds — sukuk — in order to rescue the economy. Ayari made his comments on the fringe of a meeting about Islamic finance in the service of employment. “Tunisia needs Islamic sukuk that make money for economic growth,” he added. Islamic banking, said the governor, will have a big future in Tunisia after passing the psychological barrier of people understanding Islamic bonds. “The Tunisian banks complain about the lack of long-term funds, and Islamic sukuk open-up this area,” he explained. “We are trying to bring in...

Read More