India being the third largest economy in Asia spends only 4.2% of its annual GDP on health care, among which only 1.2% on public health spending. Being the world’s fastest growing population is that enough? Well, I guess we don’t ...
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Feed SubscriptionIDB to support Indonesia’s infrastructure development
Jakarta (IINA) – Indonesia is to cooperate with the Islamic Development Bank (IDB) Group in financing several infrastructure programs, one of which concerns the improvement of slum areas, Jakarta Post (JP) reported. The two sides will sign a member country ...
Read More »Emirates Islamic Bank signs $50 million Murabaha deal with French bank
Dubai, (IINA) – Emirates Islamic Bank (EIB), one of the leading Islamic financial institutions in the UAE, and Natixis, a leading financial institution headquartered in France, announced the completion of a $50 million Collateralized Murabaha deal on Sunday on the ...
Read More »Fasting may help fight fatty liver disease: German scientists
Amman (IINA) – German scientists have revealed that fasting has positive impact on the human body, especially on fatty liver disease, the most common liver disorder worldwide. Scientists at Helmholtz Zentrum München were able to show that upon deprivation of ...
Read More »Hajjar to replace Ahmed Ali as IDB chief
Jeddah (IINA) – Saudi Arabia has proposed Bandar Hajjar, former minister of Haj, as the new president of the Islamic Development Bank (IDB) Group. Hajjar will replace Dr. Ahmed Muhammad Ali, who has been serving as the president of IDB ...
Read More »Dubai holds signing ceremony for IHAF
Dubai Islamic Economy Development Centre (DIEDC) and the Emirates Authority for Standardization and Metrology (ESMA) hold a signing ceremony after approval of the International Halal Accreditation Forum (IHAF) by the government of UAE. The foundation members include: (1) Dubai Accreditation ...
Read More »KIB receives the ‘Best Islamic Bank in Kuwait 2016’ Award
KUWAIT: Kuwait International Bank (KIB) adds a new achievement to its track record after receiving the “Best Islamic Bank in Kuwait” for 2016 Award from World Finance for the third consecutive year. KIB was rightfully awarded by the specialized and ...
Read More »South Africa to learn from Turkey at Halal tourism conference
Cape Town – A recent study has revealed that in 2015 the estimated total Muslim visitor arrivals were 117 million representing close to 10% of the entire travel economy. This is forecasted to grow to 168 million visitors by 2020 and ...
Read More »Summit Bank eyes Burj Bank for Islamic banking entry
KARACHI: Summit Bank has received approval from the State Bank of Pakistan (SBP) to conduct due diligence on Burj Bank, it said in a stock exchange filing, in the latest bid for the unlisted lender, which is seeking to boost ...
Read More »Halal tourism event opens its door in Turkey
Konya, Turkey (IINA) – The central Turkish city of Konya, which was designated the Islamic capital of tourism by the Organization of Islamic Cooperation (OIC), hosted on Tuesday a two-day event about halal tourism, Daily Sabah news reported. Dubbed the ...
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