Zainab Mansoor

2 weeks ago | salaamgateway.com | Zainab Mansoor

Sustainable life choices and the desire to eat clean are encouraging people to seek alternate proteins, but challenges stymie its acceptance and uptake. Lab-grown – or cultivated – meat is not a novel concept but for all its growth and progress over the past two decades, it has struggled to take off after the initial wave of optimism. Lab-grown refers to meat developed outside the body of an animal, as opposed to the traditional method of slaughtering living animals.

2 weeks ago | salaamgateway.com | Zainab Mansoor

Ramadan-related activities contribute between 800 million to 1.3 billion pounds to the UK economy, a new study has revealed. Activities include retail spending, charitable donations, supermarket sales, Eid shopping, volunteering, and more, enhancing economic growth and social cohesion, a report by UK-based think tank Equi suggested. Approximately 2.6 million British Muslim adults observe fasts across the country, prompting a change in consumer spending, retail trends and charitable giving.

2 weeks ago | salaamgateway.com | Zainab Mansoor

London-based Islamic car financing provider Ayan Capital has secured up to £25 million in Shariah-compliant financing facility to strengthen its foothold in the sector. Ayan Capital aims to deploy the latest funding – secured from private credit firm Partners for Growth – to accelerate growth and scale tech-led underwriting capabilities, the company said in a statement on Wednesday. The funding is based on Ijara wa Iqtina (lease and ownership) principles.

3 weeks ago | salaamgateway.com | Zainab Mansoor

Malaysian pharmaceutical giant Pharmaniaga Berhad is looking to leverage opportunities to cooperate in pharmaceutical production within Uzbekistan. The Malaysian company has expressed interest in launching the production of halal-certified insulin at the Tashkent Pharma Park pharmaceutical cluster in collaboration with Uzbek companies, news agency Daryo reported.

4 weeks ago | salaamgateway.com | Zainab Mansoor

The government of Ras Al Khaimah has listed a $1 billion sukuk on Nasdaq Dubai. The 10-year senior unsecured sukuk, which was listed at a profit rate of 5.038% on March 5, is due in 2035. It has been issued under the $2 billion trust certificate issuance programme of RAK Capital, a special-purpose vehicle affiliated with the RAK government. The order book exceeded $4.4 billion, displaying strong investor demand.