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Islamic Archives - Page 2 of 3 - ASHARQ AL-AWSAT English Archive 2005 -2017
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Saudi Arabia’s Old Money

Saudi Arabia’s Old Money

Almost 30 years ago when he was in the sixth grade, Mohamed Natw found a banknote in his house—but it was not like the ones in circulation at the time. He decided to take it with him to school to try to use it to buy something from the school’s canteen. And even...
London steps up Islamic finance ambitions

London steps up Islamic finance ambitions

Kuala Lumpur, Reuters—Britain is encouraging banks through a task force to establish shari’a-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach USD 2.6 trillion by 2017. Aiming to...