China turns to Islamic finance to expand economic clout

In July, Singapore-based adviser Silk Routes Financials said it had been mandated by a unit of state-owned Sichuan Development Holding Co to advise on Islamic financing options. Islamic finance is gaining prominence as a channel for China to expand its economic influence abroad as banks strengthen ties with Muslim-majority countries and Chinese companies start to … Read more

The Muslim Consumer: Myth or Fact

Aquila Style is proud to be a Media Partner for the Global Islamic Economy Summit 2015, organized by Dubai Chamber of Commerce & Industry and Thomson Reuters. Be a part of the global platform that brings together over 2,000 policymakers and business leaders in the Islamic world. Register for GIES here Reporting from the Global Islamic … Read more

Forex in Islam: to what extent is it permissible?

In the eyes of the Sharia, there is a huge difference between trading what you have now and what you might have later. Elsa Febiola Aryanti explains. Many of us have heard of the terms “forex” and “foreign exchange“. “Forex” refers to the “market” in which international currencies are traded 24 hours a day, every weekday. The … Read more