Blogs

Suad Hamid Bafagih Relationship Manager Corporate Banking at Gulf African Bank Riba is an Arabic word for Usury. Linguistically it means increase. Riba was explicitly prohibited in the Quran. It was heavily practiced in the pre-Islamic times among the Arabs. The prohibition of usury was done gradually until finally made haram. Some people during the […]

By: Ammar AlShukry The promises of Allah are seen throughout holy places. Abraham was told to build a house for Allah and upon its completion, he was told to call the people to Hajj. “And proclaim to the people the Hajj [pilgrimage]; they will come to you on foot and on every lean camel; they

Blue economy is about sustainable use of sea, ports, coasts, other water bodies as well as related water resources including underwater for social-economic development while preserving the environment. Zanzibar development vision 2050 regards the blue economy as a priority area for the next 30 years, serving as an effective and sustainable means of improving livelihoods

Wealth protection is one the five objectives of Islamic Law (Maqasid Sharia’h). In wealth management field, wealth protection is one of key area that is addressed and several ‘standard’ methods are employed, developed and tested. In short, wealth protection focus on ways to mitigate risks that evolve around individual and businesses (personal and business risks).

The “Five Deadly Business Sins ” first appeared in The Wall Street Journal in August 1993. In it, Peter Drucker says “There is no excuse for management to indulge in the five deadly business sins.” These sins, according to Drucker are: Sin One: Worship of High Profit Margins and Premium Prices. He says, the worship

In a month of March 2021, I received an invitation to participate in a stakeholder engagement virtual sessions to review and contribute to Tanzania Five Year Development Plan III. Despite short notice and many duties, I decided to attend. Almighty guided me to select the “Blue and Digital Economy” session that included Start-ups, Innovation Enables,

Al Marhum Professor Ali Mazrui, a political scientist and renowned public intellectual said “It might be true that there is a law of oligarchy in all human organization of any substantial size. Elite formation becomes therefore inevitable. But the issue which still remains to be meaningfully discussed in a given society is what kind of

Islamic financial services have two main market entry approach. One approach is being fully fledged financial institution and the other one is through conventional financial institutions. Conventional financial institution have four options such as setting up a subsidiary such as Citi Islamic Investment Bank, CIMB Islamic; setting up a branch such as HSBC Amanah, PBZ

Of recent months, i have been a fascinated reader of books written by Stephen Denning aka Steve Denning. In this article, I want to share some few ideas from his book called “The Leader’s Guide to Radical Management” for the business leaders to focus on. The idea is called customer capitalism achieved through robust focus on customer

The President of Tanzania, H.E Mrs. Samia Suluhu Hassan has demonstrated remarkable ability to provide transformational leadership that the country needs. Recently, She kicked off a recording of Royal Tour documentary to promote Tanzania and her touristic attractions to the world. The social – economic potential of Tourism in developing and developed markets is well