Islamic Law in the News

  • Knox Thames, an international human rights lawyer, “said some state governments [in Nigeria] have disregarded the constitutional provision that prohibits the establishment of a state religion or the granting of preferential treatment to any religious or ethnic group at the state or local level.”
  • “A reversal in globalisation and challenges faced by Western financial system are presenting fresh opportunities for Islamic finance to gain a stronger foothold and influence among consumers and investors in Asia-Pacific, an industry expert said.”
  • BlackRock has expanded its Shariah-compliant ETF [exchange-traded fund] range with the launch of an emerging market sukuk ETF.”
  • Raqami Islamic Digital Bank [in Karachi, Pakistan] obtained a no objection certificate and in-Principal Approval from the State Bank of Pakistan.”
  • A recent Gulf Cooperation Council report found that the “halal cosmetics market size reached US$ 4.6 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 19.4% during 2022-2028.”

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