The practical application of Islamic teachings in the context of the modern world is a vexed issue for Muslims. Amongst scores of other issues, bank interest is one such. Levying interest is prohibited by the Quran. But this applies to the practice of usury and not bank interest as modern banking was, of [...]
Islami Bank introduces mobile banking services Islami Bank Bangladesh Limited and SSL Wireless are going to inaugurate Mobile Banking Service through an agreement. Mohd Shamsul Haque, Deputy Managing Director and Head of Operations Wing of Islami Bank Bangladesh Limited and Sayeeful Islam, Managing Director of SSL Wireless signed the agreement on behalf of their respective [...]
http://tinyurl.com/5aqho8 Sinopec Said To One-Up ONGC For Imperial Energy The Chinese state-owned refiner is reported to have trumped the bid of its Indian counterpart for the Russia-focused U.K. oil company. Click the link below to read the full story: Registration may be needed…… http://www.forbes.com/2008/08/04/imperial-energy-sinopec-markets-equity-cx_vk_0804markets03.html?partner=alerts
Financial Times The stove The stove http://www.sundaytimes.lk/080803/FinancialTimes/ft326.htmlhttp://www.sundaytimes.lk/080803/FinancialTimes/ft326.html Inventor of EZ Charcoal Stove says energy crisis blessing in disguise ByJagdish Hathiramani The stove Like a lot of his fellow Sri Lankans, Riyad Ismail believes that the future of the country depends on independence from the oppressive and nonsensical pricing of oil. Unlike them however, he [...]
http://tinyurl.com/69zj7f LONDON: An umbrella organisation representing over 300 Hindu outfits in the UK on Sunday appealed to the government to probe into reports about British charities suspected of sending funds to terrorist groups in Pakistan that have been launching attacks against India. The appeal by Hindu Forum of Britain (HFB) comes in the wake of [...]
New Delhi; India, July 22, 2008 – Islamic finance is no longer an alien concept for Indian bankers, finance professionals, regulators and policy makers. Indeed we are now witnessing a softening of attitude towards Islamic finance at various levels, especially in the field of Islamic equity investments. A number of Shariah compliant brokerage services have appeared on [...]
http://www.business -standard. com/common/ news_article. php?leftnm= 10&bKeyFlag http://tinyurl.com/6xn2pz Sidhartha / Mumbai July 21, 2008, 0:29 IST Membership to help domestic banks access developed markets. Like the global nuclear power club, India is set to join the anti-money laundering syndicate – Financial Action Task Force (FATF) -later this year, which will help local banks access developed country [...]
Share index of Shariah-compliant companies launched in New Delhi By TwoCircles.net staff reporter, New Delhi: Islamic banking is gaining popularity all over the world including India. This can be judged by the forecast that investments worth $100 billion will be made globally in this system by 2010. These estimates were revealed by [...]
Reliance Life Insurance launches RSIP Press Trust of India / Mumbai June 18, 2008, 17:17 IST http://www.business-standard.com/common/storypage_c_online.php?leftnm=10&bKeyFlag=IN&autono=40267 Anil Dhirubhai Ambani Group firm Reliance Life Insurance today launched a pure equity unit linked insurance plan that provides investors an opportunity to invest in eight different fund options, including a Shariah compliant fund. [...]
14 June 2008 http://english.farsnews.com/newstext.php?nn=8703251089 TEHRAN (FNA)- An Indian consortium led by ONGC Videsh would invest $3 billion in developing gas reserves at the Farsi block in Iran, a senior official from Indian Oil Corporation, which is also a part of the group, said on Friday. ONGC Videsh, a wholly-owned subsidiary of Oil and Natural Gas [...]
http://tinyurl.com/4ppdan India-Dubai trade records 74% rise 2 Jun, 2008, 1816 hrs IST, IANS DUBAI: Non-oil trade between India and the emirate of Dubai touched a record $19 billion in 2007, a rise of 74 percent from $10.9 billion of the previous year. “India is now the top export and re-export destination for Dubai and [...]
May 27th, 2008 Hat tip: Tom Heneghan Is Henry Kissinger trying to update the domino theory to fit what he fears in 2008? He had a “Lunch with the FT” interview in Saturday’s Financial Times and surprised his interviewer, historian Stephen Graubard, by linking the war in Iraq and Muslims in India. As Graubard wrote: [...]
Axis Bank of India opens Branch in Dubai
On May 4, 2008 · In Dubai, Financial Institution, India, Islamic Banking, Sharia Compliant, Shariah Banking, Shariah Finance
Axis Bank opens its Representative Office in Dubai Axis Bank, a leading private sector Bank in India has opened its Representative Office in Dubai today. The representative office in Dubai will mark their valuable presence in the region, enabling the bank’s clients gain easier access to the banks services.The Representative Office will be engaged [...]
New Delhi, Mon, 28 Apr 2008 Noor En Ahmed The Indian Economy is blazing since last couple of years, as per government claims and similarly Indian stock exchange is also showing remarkable performance by crossing the 21K mark however, it also dipped below 15K. But it happens in the stock market and market expert [...]
Darul’s fatwa against eye donation - Express news service Posted online: Sunday , April 27, 2008 at 12:03:09 Updated: Sunday , April 27, 2008 at 12:03:09 http://www.expressindia.com/latest-news/Daruls-fatwa-against-eye-donation/302061/ Agra, April 26 A fatwa issued by Darul Uloom of Deoband has prohibited Muslims from donating their eyes or getting an eye transplant.In a reply to [...]
Muslims must avoid eating beef if there is gohttp://economictimes.indiatimes.com/articleshow/msid-2987585,prtpage-1.cmsvernment ban: Darul-Uloom 27 Apr, 2008, 1351 hrs IST, AGENCIES LUCKNOW/NEW DELHI: The Islamic seminary Darul-Uloom, Deoband has issued an edict calling Muslims to refrain from cow slaughtering and beef eating if it is “prohibited under law.” “Muslims must refrain from cow slaughter, beef eating or [...]
March 18, 2008 As the population of Muslims is increasing in western countries like U.K., USA, Canada etc. the demand for applying Shari’ah law to Muslims is being voiced. The Government of Canada was toying with the idea of enforcing Shari’ah law in the state of Toronto but none other than progressive Muslim women [...]
Islamic Terrorists Intended To Target India’s Stock Exchange, BARC <http://www.nasdaq. com/aspxcontent/ NewsStory. aspx?cpath= 20080313\ACQRTT20080 3130639RTTRADERUSEQ UITY_0400. htm&&mypage= newsheadlines& title=Islamic> &&mypage=newsheadli nes&title= Islamic Terrorists Intended To Target India (RTTNews) – The two suspected Harkat-ul-Jihadi Islamic terrorists gunned down in an encounter in Thane in Mumbai on Wednesday intended to target the Bhabha Atomic Research Centre-BARC and [...]
Dubai International Capital plans more Mideast deals By Mirna Sleiman March 3, 2008 DUBAI (Zawya Dow Jones) — Dubai International Capital, a Dubai-government controlled investment company that owns a stake in HSBC Holdings Plc, plans more Mideast deals in an effort to capitalize on the region’s booming economies, a top executive said. “DIC has close [...]
http://in.reuters.com/article/businessNews/idINIndia-32035320080219 S&P unveils Shariah-compliant equity indices in India Tue Feb 19, 2008 7:53pm IST [-] Text [+] MUMBAI (Reuters) – Rating agency Standard & Poor’s (S&P) said on Tuesday it has launched two Shariah-complaint equity indices in the country in partnership with India Index Services & Products Ltd.The indices have been derived from the top [...]
DIC to invest $5 Billion in India, China and Japan
On February 19, 2008 · In Chinese, DIC, India, Islamic Economics, Islamic Finance, Japan, Shariah Banking, Shariah Finance, Shariah Law
body { background: #FFF; } Print | Close this window Dubai Intl to invest $5 billion in India, China & Japan Tue Feb 19, 2008 5:03am EST Nathan Layne TOKYO (Reuters) – Dubai International Capital, an investment fund owned by the ruler of Dubai, said it planned to invest about $5 billion in China, [...]
List of Major Banks dealing with Shariah Finance-tools for research
On January 21, 2008 · In Abu Dhabi, Bahrain, Britain, Brunei, Canada, Citigroup, Deutsche Bank, Dhimmitude, DIFC, Dubai, Dubai Investment Group, Egypt, Emirates, Europe, Fatwa, Financial Institution, France, Germany, Hong Kong, HSBC, India, Investments, Iran, Islam, Islamic Economics, Islamic Index, Japan, Jihad, Kuala Lumpur, Kuwait, Lebanon, Malaysia, Markets and Trends, New Zealand, Norway, Oman, Pakistan, Qatar, Saudi Arabia, Sharia Compliant, Shariah Finance, Shariah Law, Stock Exchanges, Sudan, Sweden, Syria, Terror, UAE, USA, Zakat
Here is a list of banks that are expanding the Islamic Shariah industry worldwide. Also, a link to the major periodicals that discuss Shariah Finance. In order to combat this rising influence on our banking industry, you must learn and understand what it is. This type of banking is a screen to infiltrate into a [...]
Launches New Dharma-Based Index http://www.religionnews.com NEW YORK, USA, January 15, 2008: Financial news powerhouse Dow Jones & Company has launched new “dharma indexes” to track the stocks of companies that observe the values of dharma-based religions such as Hinduism and Buddhism. The Dow Jones Dharma Indexes are the first to measure dharma-compliant stocks and now [...]
Business Week-”Who’s Afraid of Mideast Money?”
On January 11, 2008 · In Abu Dhabi, Bahrain, Bloomberg, Britain, Brunei, Chinese, Denmark, Dhimmitude, Dubai, Emirates, Europe, Fatwa, Financial Institution, HSBC, India, Investments, Iran, Islam, Islamic Economics, Jihad, Jurisprudence, Kuwait, Malaysia, Markets and Trends, Norway, Pakistan, Qatar, Saudi Arabia, Sharia Compliant, Sharia Products, Shariah Boards, Shariah Law, Sweden, USA
This is one of the most important articles to read about the emerging power and takeover of the West by Middle East Money. We should all be afraid…very afraid. However the lust for greed and money will be the downfall of the democracy we live under unless we can change this course of selling our [...]
Business Week-”Who’s Afraid of Mideast Money?”
On January 11, 2008 · In Abu Dhabi, Bahrain, Bloomberg, Britain, Brunei, Chinese, Deutsche Bank, Dhimmitude, Dubai, Emirates, Europe, Financial Institution, HSBC, India, Investments, Iran, Islam, Islamic Economics, Jurisprudence, Kuwait, Markets and Trends, Norway, Oman, Pakistan, Qatar, Saudi Arabia, Sharia Compliant, Sharia Products, Shariah Boards, Shariah Bonds, Shariah Finance, Shariah Law, Stock Exchanges, Sweden, Terror, UAE, USA
<!– if (!window.OAS_sitepage) { var BW_site; // use for new ad site var BW_page = “/printerfriendly”; var OAS_listpos; // use to restrict the number of available page positions document.write(”); } //–> THIS IS ONE OF THE MOST IMPORTANT ARTICLES I HAVE POSTED. IT IS A MUST READ, AND ONE THAT NEEDS TO BE READ AND [...]
India hosts Sharia Banking Conference
On January 7, 2008 · In Conference, India, Investments, Islam, Islamic Economics, Sharia Compliant, Sharia Products, Shariah Law
Home Indian Muslims Muslims gather to discuss Islamic investments Muslims gather to discuss Islamic investments User Rating: / 1 PoorBest Kolkata, Jan 6: Muslims from the city and nearby areas attended a conference here Sunday to figure out ways to invest that did not violate their religious tenets. The conference, aimed at educating and sensitising Muslims on [...]
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