Modest fashion is the talk of London this week. The haute couture end of the abaya and burkini business dazzled Muslims and non-Muslims alike during the first-ever London Modest Fashion Week. Are there investible ideas to be found in the buzz? The target market certainly exists. The world’s Muslim population may reach 2.2 billion by … Continue reading Muslim Hipsters Transform Garment Trade
Cash-laden Muslim travelers are thinking twice about where they spend their discretionary income. Although US judicial authorities have affirmed a block on the executive order that banned arrivals from selected Muslim nations, the damage to the US hospitality sector may already be done. The lure of new-era tourism centers, like Dubai and Kuala Lumpur, can … Continue reading Halal Tourism Gains From American Exclusionism
Policymakers across the Islamic crescent are boosting their local asset-management industries by developing Shariah-compliant retirement plans. While still nascent, the trend reflects the growing size of faith-based financial planning in increasingly-prosperous Muslim societies. Malaysia is cited as a leader in the field, but that view may belie awareness in other nations, including Pakistan and Turkey. … Continue reading Halal Pension Funds Transform Muslim World
A major announcement in Islamic finance has been sidelined by a sharp turn in market conditions. Guidelines by industry regulators now define gold-use standards for Shariah-compliant banks and asset managers. The news may lead to broad-based recalibration of the gold market; China and India traditionally exert a dominant influence. But that notion is on hold, … Continue reading Muslims Mourn Gold Price
We argue that much of the campaign rhetoric about American Muslims will subside to a political murmur. Trump now has an exhaustive plate of responsibilities that were never part of the election process. Expect his so-called Muslim policy to be promptly delegated to his homeland security team, potentially led by Rudy Giuliani. The former New … Continue reading What Next for American Muslims?
Tiny Malta has long flirted with Islamic finance to put it more firmly on the map as an offshore banking center. Ironically, the country may have now identified an ideal project for a sukuk—sometimes called an Islamic bond—at a time when it may not need Middle East capital. The tunnel between the islands of Malta … Continue reading Islamic Finance Falters on Global Stage
The financial services industry is bereft of sukuk-issuance news this year, reflecting sober demand for so-called Islamic bonds from institutions based in the Islamic world. Yet we expect to see greater enthusiasm for the asset class among local and regional investors. Consider the worldwide scramble for yield and the attendant focus on infrastructure investments. With … Continue reading Hunt for Yield Jolts Sukuk Market