FINANCE

IN the complex and evolving landscape of South Africa’s economy, Broad-Based Black Economic Empowerment (B-BBEE) remains a crucial pillar in addressing the deep-rooted inequalities that stem from the apartheid era. While significant strides have been made, the journey towards economic inclusion for the black majority is far...

In the evolving landscape of financial investments in South Africa, Al Mabroor Projects has emerged as a trailblazer, offering Shariah-compliant investment opportunities that adhere to Islamic financial principles while delivering competitive returns. With a steadfast focus on sustainability, community impact and ethical investments, Al Mabroor has established...

ISLAMIC finance assets under management were estimated to be worth around $4.5 trillion in 2022, and are projected to reach $6,7 trillion by 2027. The industry is a rapidly growing one in numerous countries – South Africa among them. These products often include sukuk bonds, as well...

AS South Africa gears up for its upcoming general elections on May 29, 2024, the nation stands at a crossroads, with economic challenges looming large on the horizon, writes MOGAMAT ALI SALIE. Mogamat Ali Salie is a co-founder of Muslim Fin. Against the backdrop of a sluggish...

MOGAMAT ALI SALIE explores the Islamic alternative to interest-based financing solutions for solar energy. SOUTH AFRICAN Muslim homeowners are turning to shariah-compliant bonds to fund the installation of solar power systems, allowing them to become more energy independent and reduce their carbon footprint while saving money on...

SHIRAAJ BUZIEK of the Shariah Banking and Finance division of MuslimFin points out the impact of Hajj on economies and offers some advice to Hujjaj on managing their money during the pilgrimage. AS South African Muslims make their way to the Arabian Peninsula for the Hajj, their...

While Minister Enoch Godongwana may believe that this is not an austerity budget, the Institute for Economic Justice declares that it in fact goes further, with cuts to expenditure for the majority while giving a helping hand to those with higher incomes. The 2023 National Budget presented...

By adopting a tiered approach to our consumption practices, with necessities placed at the base, followed by needs then topped with luxuries, the more difficult economic times become somewhat easier to navigate, writes EBRAHIM TOOTLA. THE price of all essential items is consistently increasing, from the price...

Islamic finance in South Africa has been evolving steadily over recent years in the establishment and development of its institutions, products and events but very seldom have we seen the development of human capital in this space that addresses the glaring gap in the market – shariah-based...

SHAIKH ZIYAAT ISAACS analyses the findings of a research paper which demonstrated the scope for South Africa to be a leader in Islamic finance. SOUTH AFRICA has been on the world’s stage for decades with its political struggles, activism against injustice and its continuous fight for freedom....