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Western Media companies, executives pull out of Saudis' business conference over disappearance of journalist

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SHAFAQNA- A growing list of Western executives and major  news media bail out of the annual investor conference scheduled to convene in Riyadh, Saudi Arabia, this month following accusations that the Saudi government ordered the murder of a…

They Insist That Business is Like Ar-Riba

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SHAFAQNA- In the Name of Allah, the Gracious, the Merciful "And Allah has permitted business (bai'a) and prohibited Ar-Riba," The Qur'an says in continuation of the captioned quote from verse Q: 2.275. The subject caption above is…

Australia leading Global Hub of Halal Meat With Muslim Population of Over 500,000

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SHAFAQNA - The Halal food market has been rapidly growing in the global food industry. The market is worth over $667 million, around 20 percent of the total global food industry. This number is expected to jump to $2.25 trillion by 2024. Economic…

Orly has created a breathable halal nail polish for Muslims

SHAFAQNA - It’s easy to forget the little things that aren’t suitable for those who live halal. We know that there are certain foods that aren’t allowed, but for most of us, that’s about it. Muslim women have to stay aware of…

Trump son-in-law Jared Kushner makes surprise visit to Iraq

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SHAFAQNA - Jared Kushner, the son-in-law and top aide to US President Donald Trump, has traveled to Iraq for an official visit, a senior US official says. Kushner was being accompanied by General Joe Dunford, chairman of the US Joint Chiefs…

President Rouhani: "Halal Tourism in Iran can turn into a global brand"

SHAFAQNA - Halal tourism is a subcategory of tourism which is geared towards Muslim families who abide by rules of Islam. The hotels in such destinations do not serve alcohol and have separate swimming pools and spa facilities for men and women. President…

New York nabs global property crown from London on Brexit fears

SHAFAQNA - New York has knocked off London as the world's premier city for foreign investment in commercial real estate due to fears the vote to leave the European Union would diminish the British capital's appeal as a global financial center. Data…

Ignorance and fear are big obstacles for Muslim startup founders

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SHAFAQNA - When Rashid Dar moved to New York City to complete graduate school, the Muslim entrepreneur found it challenging to locate quiet spaces to perform Salah, his five daily obligatory prayers. "I’d find myself praying in dressing…

Islamic Development Bank, World Bank jointly produce global report on Islamic finance

SHAFAQNA - The Islamic Development Bank (IDB) Group and the World Bank Group have jointly produced a global report on Islamic finance. Director General of the Islamic Research and Training Institute (IRTI), Prof. Mohamed Azmi Omar, announced…

US-UK trade deal could take 10 years if Brexit goes ahead, Obama warns

SHAFAQNA - A US trade deal with Britain could take up to 10 years if it were to leave the European Union, President Barack Obama has warned in an interview with the BBC. In the event of a Brexit, the UK would lose much of the influence it has…

MLE Connect launches new venture focused on Islam's growing industry sectors

SHAFAQNA - Together a growing and lucrative industry, the Islamic sector also remains thoroughly under-developed. It is to remedy such a gap, and link together entrepreneurs, business owners, and other professional that MLW Connect decided to…

Uniqlo to launch first hijab range in Britain

SHAFAQNA- Uniqlo is to debut a range of hijab head scarves and tunics in Britain later this month. The hijabs are the fashion brand's second collaboration with Hana Tajima, a British designer, but this is the first time they will available…

First event promoting Muslim entrepreneurship in India taking place today

SHAFAQNA - A new initiative aimed at driving Muslim involvement in India’s startup and technology economy is hosting its first event in the city of Pune on February 7. The Indian Muslim Entrepreneur Network‘s conference is being organized…

What will oil price slump mean for the global economy?

SHAFAQNA - Oil hits new low of less than $32 per barrel and could plunge further, increasing pressure on US and Middle East producers. The current oil rout is now worse than any since 1970, with the price of Brent crude slumping from $115…

Sky is the Limit for Lebanese Entrepreneurs

SHAFAQNA - There is a consensus that Lebanon is a great location to pilot an idea, test it and then transition to an international market for growth. [Listen to the podcast below.] For a country that has defined and redefined itself through…

China Likely To Invest Over $1 Trillion Overseas By 2020

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SHAFAQNA - China is likely to invest more than $1 trillion abroad in the next five years, Chinese Premier Li Keqiang said Tuesday, according to the state-run China Daily. He was speaking at the Meeting of Heads of Government of China and Central…

A new wave of start-ups offers Muslim-friendly food, fashion and books for all

SHAFAQNA - For any woman, finding the right outfit for a special event can be a challenge. But for US national fencing athlete, Ibtihaj Muhammad, it was particularly frustrating. The 29-year-old, who wears a hijab, in accordance with her Islamic…

Why this political science student founded a fashion site for Muslim women that's now a global phenomenon

SHAFAQNA - Hijup is an Indonesian online marketplace for Islamic fashion and says its goal is empowering Muslim women. It was founded in 2011 by political science student Diajeng Lestari. She wanted to change the world, but she also wanted…

An Islamic Approach to Business Ethics

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SHAFAQNA -  What is Ethics? Ethics may be defined as the set of moral principles that distinguish what is right from what is wrong. Ethics has a twofold objective: it evaluates human practices by calling upon moral standards; also it may…

Dubai ruler launches $272m global drive to combat poverty, unemployment

SHAFAQNA - Dubai has launched a global foundation, with an initial budget of AED1 billion ($272 million), which aims to combat poverty, unemployment and education challenges in the region. The Mohammad Bin Rashid Al Maktoum Global Initiatives…

Saudi deficit this year is 'manageable', says foreign minister

SHAFAQNA - Saudi Arabia's financial deficit this year is manageable despite the low oil prices, and the kingdom's economic growth rate and financial health will stay strong, Foreign Minister Adel al-Jubeir said at a security conference in Bahrain…

Halal tourism' takes off

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SHAFAQNA - A rental company in Orlando, Florida, is offering 'halal vacation homes' with curtained pool decks, rooms with prayer mats and copies of the Quran. The 'halal tourism' market was once seen as a niche revenue stream, limited to pilgrimages…

Fashion phenomenon - From a home-based workshop to 14 stores: redefining the traditional thobe

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SHAFAQNA - The urge to customize his clothing led one young Saudi to quit his job and launch his own garment startup. When Jeddah resident Loai Nassim took a job with 3points he suddenly found himself required to wear a thobe, the traditional…

Art and business, can they be friends? REPORT

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SHAFAQNA - “Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art”. The words of Andy Warhol, the godfather of pop art, he clearly saw no conflict in the commercialization…

Gulf's Asian workers see remittance boom from strong dollar

SHAFAQNA - The US dollar's strength against Asian currencies is leading to a surge in remittances from migrant workers in the Gulf Arab region, exchange houses say, giving a boost to their home countries such as India, Philippines and Pakistan. But…