Halal Tourism Gains From American Exclusionism

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

Halal Pension Funds Transform Muslim World

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

Hunt for Yield Jolts Sukuk Market

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