Blog

July 14, 2009

Five former senior officials from the Islamic Finance Company have been sent to prison.

By Andy Sambidge (http://www.arabianbusiness.com/560297-former-islamic-finance-company-chief-jailed) Five former senior officials of an islamic finance firm have been jailed after being found guilty of charges including breach of trust […]
July 10, 2009

Integration Of Islamic Finance Should Be Facilitated Across Jurisdictions

KUALA LUMPUR, July 8 (Bernama) http://www.bernama.com/bernama/v5/newsbusiness.php?id=423922- The international integration of Islamic finance should be facilitated by the mutual recognition of financial standards and products across jurisdictions, […]
July 6, 2009

First Islamic bank in Australia?

MCCA announces Islamic bank ambition By Alison Bell Available at http://news.brisbanetimes.com.au/breaking-news-business/mcca-announces-islamic-bank-ambition-20090706-dabx.html Local Islamic banking co-operative, the Muslim Community Co-operative (Australia) Ltd (MCCA) is confident of securing […]
July 1, 2009

ISRAEL ATTACKS JUSTICE BOAT; KIDNAPS HUMAN RIGHTS WORKERS; CONFISCATES MEDICINE, TOYS AND OLIVE TREES

30 June 2009. Today Israeli Occupation Forces attacked and boarded the Free Gaza Movement boat, the SPIRIT OF HUMANITY, abducting 21 human rights workers from 11 […]
June 30, 2009

No debt sales, no progress for Islamic finance

By Mohd Johan Lee. Available at: http://www.guardian.co.uk/business/feedarticle/8573843 The sale of debt to third parties, especially through multiple securitisations, has been blamed for fueling the worst global […]
June 25, 2009

Boardroom Overhaul in the Middle East

By Bradley Hope, © The National 2009. Available at http://www.zawya.com/story.cfm/sidZAWYA20090624050302/Boardroom%20Overhauls Under pressure from the economic downturn, companies across the country are shaking up their leadership structures […]
June 21, 2009

TAWARRUQ: A Methodological Issue in Shari`a-Compliant Finance

Despite the International Council of Fiqh Academy, recently declared organised tawarruq impermissible, Malaysian stock exchange still plan to launch tawarruq based platform to execute commodity murabaha […]
June 19, 2009

Does Islamic finance need for an “Islamic Goldman Sachs”?

Originally taken from “Godly but ambitious” featured out in the Economist (Available at: http://www.economist.com/people/displaystory.cfm?story_id=13856281). MOST practitioners of Islamic finance pride themselves on their modesty. But not […]
June 15, 2009

Arab nations ’need to revert to gold dinar’

By Anwar Elshamy (http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=297072&version=1&template_id=48&parent_id=28) A financial expert has called for abolishing the current paper money system and returning to gold currencies instead, saying it was the […]
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