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Available at: http://www.business24-7.ae/Articles/2009/10/Pages/11102009/10122009_f78f86a991ef4704a73a0f24d1298ada.aspx The Jeddah-based Islamic Development Bank (IDB) announced the launch of an Islamic investment bank with initial capital of $1 billion (Dh3.6bn) to promote […]

By: Dr. Nimrod Raphaeli (Senior Analyst (emeritus) at the Middle East Media Research Institute. Available at: http://www.memri.org/bin/latestnews.cgi?ID=IA55209 Introduction Islamic banking is based on Islamic law and […]

Available at: http://www.time.com/time/business/article/0,8599,1925607,00.html?xid=rss-topstories Given the hyper-sexualized advertising that Abercrombie & Fitch has long embraced, it is no surprise that the company encourages its employees to let […]

Available at http://www.gulfnews.com/business/money/10354083.html Reuters: Sharia advisers can be held accountable in court for lapses in their duty but it would be hard to make a case […]

Available at: http://www.bernama.com/bernama/v5/newsbusiness.php?id=442989 Islamic finance could also face a systemic failure and reputation risk unless there is a unified and dynamic regulatory framework applied not only […]

Available at: http://topnews.ae/content/2811-sum-350-bln-lost-gulf-sovereign-funds-reports-un A latest UN report has specified that the global financial crisis has had an adverse affect on Sovereign wealth funds (SWFs) of four […]

By Habhajan Singh Available at: http://www.themalaysianreserve.com/SubPage.asp?pageid=6&eventid=934 Some 4,000 companies registered in the Federal Territories (FT) are eligible to pay business zakat estimated around RM46 million, but […]

Assalamualaikum, Dear Readers, I would like to take this opportunity to wish all of you Happy Eidulfitri! Maaf zahir dan batin! Please apologize for any wrongdoings […]

This article is a response by Lorne Cutler (http://network.nationalpost.com/np/blogs/holy-post/archive/2009/08/28/shariah-finance-a-zero-sum-game.aspx) to Dr. Sebastian Gorka’s assertion on his article in Holy Post entitled Shariah finance: A zero-sum game, […]