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July 7 Public Holiday: Muharram Observance May Affect Schools, Markets, Banks, And Exchanges
Muharram, possibly observed on July 6 or 7, will be a public holiday in India, with banks, schools, and stock markets closed nationwide.
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Pakistan's First Breast Milk Bank Shuts After Clerics Deem It "Un-Islamic"
A hospital that launched the first breast milk bank for premature babies in Pakistan is negotiating for it to be reopened after clerics deemed it un-Islamic, doctors and the national Islamic council said Friday.
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Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery
A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and
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Israel Says It Killed Hamas "Terror Operatives" In Jenin Mosque Air Strike
Israel said Sunday it killed "terror operatives" from Hamas and Islamic Jihad who were planning attacks, in an air strike on a mosque in the West Bank's Jenin.
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Qatar Consortium Confirms Bid For Total Control Of Manchester United
A consortium led by Sheikh Jassim Bin Hamad Al Thani, chairman of Qatar Islamic Bank (QIB), announced on Friday that it had submitted an offer to take over English Premier League club Manchester United
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Iran Bank Manager Fired For Attending To Woman Without Hijab: Report
An Iranian bank manager who served an unveiled woman has been fired, local media reported on Sunday, as demonstrations triggered by the mandatory head covering rule shake the Islamic republic.
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Bangladesh Closes Breast Milk Bank After Protests
A Bangladesh hospital has suspended plans to give donated breast milk to babies after a backlash by Muslim clerics who said the scheme violated Islamic law.
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Enforcement Directorate Attaches Rs 10-Crore Assets In Bengaluru Ponzi Scam
Assets worth over Rs 10 crore of a Bengaluru-based firm have been attached under the anti-money laundering law in connection with an alleged 'Islamic banking or halal investment' ponzi scam case, the Enforcement Directorate said on Friday.
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Suspended PMC Chief Joy Thomas Became Junaid Khan To Marry Assistant
Joy Thomas, the former Managing Director of scam-hit PMC Bank, converted to Islam and became Junaid Khan to marry his personal assistant, with whom he allegedly jointly owns 10 properties in Pune, police officials said on Monday.
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AMU Begins 2-Year MBA In Islamic Banking And Finance
MBA-Islamic Banking and Finance has been introduced in the Department of Business Administration as a full-time two-year course.
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Zakir Naik Got Donations From Unknown ''Well-Wishers'': Probe Agency
Controversial Islamic preacher Zakir Naik received crores of funds in his and his trusts' bank accounts from unidentified "well-wishers" over the years for his speeches that spread "hatred and incited Muslim youths" to take up terrorism, an Enforcement Directorate probe has found.
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Jump In Islamic Tax Liabilities Worries Saudi Banks
A jump in retroactive Islamic tax liabilities faced by Saudi Arabian banks is creating concern about damage to their earnings and the government's motives in demanding the money.
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RBI Says No To Islamic Banking In India
Reserve Bank of India (RBI) decided not to pursue the proposal of Islamic or sharia banking further after taking into account the wider and equal opportunities available to all citizens to access banking and financial services
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The ISIS's 'Business Model' Is Failing, Study Says
When the Islamic State advanced in Syria and Iraq in 2014, its fighters looted banks, took over oil fields and kidnapped foreigners, seemingly without facing much resistance. But fortunes have changed, and the caliphate is now in deep financial trouble, according to a new study.
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Controversial Preacher Zakir Naik To Be Questioned by NIA
Salafist televangelist Zakir Naik is likely to be summoned for questioning by the National Investigation Agency, which has been investigating him for the past 6 months. It is already examining 78 banks accounts and investments involving Rs 100 crore linked to him. Questioning Dr Naik, though, might prove a challenge since the preacher has been out...
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July 7 Public Holiday: Muharram Observance May Affect Schools, Markets, Banks, And Exchanges
Muharram, possibly observed on July 6 or 7, will be a public holiday in India, with banks, schools, and stock markets closed nationwide.
-
Pakistan's First Breast Milk Bank Shuts After Clerics Deem It "Un-Islamic"
A hospital that launched the first breast milk bank for premature babies in Pakistan is negotiating for it to be reopened after clerics deemed it un-Islamic, doctors and the national Islamic council said Friday.
-
Criminal Gangs, Profiteers Thrive In Gaza As Cash Shortage Worsens Misery
A shortage of banknotes is gripping Gaza, fuelling criminal gangs and profiteering, after Israel has blocked imports of cash and most banks in the enclave have been damaged or destroyed during the war, according to residents, aid workers and
-
Israel Says It Killed Hamas "Terror Operatives" In Jenin Mosque Air Strike
Israel said Sunday it killed "terror operatives" from Hamas and Islamic Jihad who were planning attacks, in an air strike on a mosque in the West Bank's Jenin.
-
Qatar Consortium Confirms Bid For Total Control Of Manchester United
A consortium led by Sheikh Jassim Bin Hamad Al Thani, chairman of Qatar Islamic Bank (QIB), announced on Friday that it had submitted an offer to take over English Premier League club Manchester United
-
Iran Bank Manager Fired For Attending To Woman Without Hijab: Report
An Iranian bank manager who served an unveiled woman has been fired, local media reported on Sunday, as demonstrations triggered by the mandatory head covering rule shake the Islamic republic.
-
Bangladesh Closes Breast Milk Bank After Protests
A Bangladesh hospital has suspended plans to give donated breast milk to babies after a backlash by Muslim clerics who said the scheme violated Islamic law.
-
Enforcement Directorate Attaches Rs 10-Crore Assets In Bengaluru Ponzi Scam
Assets worth over Rs 10 crore of a Bengaluru-based firm have been attached under the anti-money laundering law in connection with an alleged 'Islamic banking or halal investment' ponzi scam case, the Enforcement Directorate said on Friday.
-
Suspended PMC Chief Joy Thomas Became Junaid Khan To Marry Assistant
Joy Thomas, the former Managing Director of scam-hit PMC Bank, converted to Islam and became Junaid Khan to marry his personal assistant, with whom he allegedly jointly owns 10 properties in Pune, police officials said on Monday.
-
AMU Begins 2-Year MBA In Islamic Banking And Finance
MBA-Islamic Banking and Finance has been introduced in the Department of Business Administration as a full-time two-year course.
-
Zakir Naik Got Donations From Unknown ''Well-Wishers'': Probe Agency
Controversial Islamic preacher Zakir Naik received crores of funds in his and his trusts' bank accounts from unidentified "well-wishers" over the years for his speeches that spread "hatred and incited Muslim youths" to take up terrorism, an Enforcement Directorate probe has found.
-
Jump In Islamic Tax Liabilities Worries Saudi Banks
A jump in retroactive Islamic tax liabilities faced by Saudi Arabian banks is creating concern about damage to their earnings and the government's motives in demanding the money.
-
RBI Says No To Islamic Banking In India
Reserve Bank of India (RBI) decided not to pursue the proposal of Islamic or sharia banking further after taking into account the wider and equal opportunities available to all citizens to access banking and financial services
-
The ISIS's 'Business Model' Is Failing, Study Says
When the Islamic State advanced in Syria and Iraq in 2014, its fighters looted banks, took over oil fields and kidnapped foreigners, seemingly without facing much resistance. But fortunes have changed, and the caliphate is now in deep financial trouble, according to a new study.
-
Controversial Preacher Zakir Naik To Be Questioned by NIA
Salafist televangelist Zakir Naik is likely to be summoned for questioning by the National Investigation Agency, which has been investigating him for the past 6 months. It is already examining 78 banks accounts and investments involving Rs 100 crore linked to him. Questioning Dr Naik, though, might prove a challenge since the preacher has been out...
