Author: islamnewsday
KUALA LUMPUR (June 27): The study report by the Special Committee to Review the Competency of the State Legislative Assemblies to Enact Islamic Laws is expected to be completed before the end of the year.Deputy Minister in the Prime Minister’s Department (Religious Affairs) Dr Zulkifli Hasan said the report will be presented to the National Council for Islamic Religious Affairs (MKI) and the Council of Rulers upon completion.Zulkifli said the committee has been actively working and has held 22 meetings so far.“The committee will prepare a comprehensive report that includes the study results and perspectives on all relevant issues within a period not…
The Ministry of Islamic Affairs, Dawah, and Guidance provided approximately 1,485,000 religious services during this year’s Hajj season starting from the beginning of Dhu al-Qi’dah in 1445 AH, benefiting over 2 million pilgrims, Umrah performers, and visitors., SPA reports. The services included directing and guiding pilgrims in various locations in Makkah and Madinah, the central area, and the Holy Sites in international languages. More than 600 male and female preachers and translators participated, utilizing the latest technologies and devices to educate and guide pilgrims, answer their inquiries, and promote the values of moderation and cautioning against extremism.Minister of Islamic Affairs,…
The oversubscription highlighted the bank’s financial strength and prudent managementSharjah Islamic Bank (SIB) successfully closed a $500 million sukuk issuance in the international capital markets. The offering received a strong response from global investors, attracting orders that peaked at $1.5 billion, over 3 times the initial target. Sukuk details and pricing The 5-year sukuk was further priced at a spread of 105 basis points (bps) over 5-year U.S. Treasuries, bearing a profit rate of 5.25 percent per annum and maturing on July 3, 2029. The bank was able to tighten the pricing by 35 bps from the initial price guidance…
Mashreq Pakistan, a part of Mashreq which is the leading financial institution in the MENA region, has announced a significant milestone in its foray into Pakistan. Mashreq Pakistan has been granted In-Principal Approval (IPA) by the State Bank of Pakistan to commence its Islamic Banking operations within the country. This is a pivotal moment that reaffirms the Bank’s commitment to providing ethical, innovative and robust banking system that aligns with the principles of Shariah, thereby contributing to the nation’s financial landscape and becoming a catalyst for its future growth. Mashreq is actively progressing towards acquiring a restricted license from the…
Photo Credit: Photo provided by IDF SpokespersonFadi al-Wadiya, a rocket specialist for Palestinian Islamic Jihad in a photo released by the Israeli military. Fadiya,, who also worked for Doctors Without Borders, was killed in an airstrike on June 25. The Israel Defense Forces released photos of Palestinian Islamic Jihad rocket specialist Fadi al-Wadiya wearing the terror group’s uniform after Doctors Without Borders confirmed he was a staffer but denied he was a terrorist. Wadiya was killed in an airstrike in northern Gaza on Tuesday while bicycling to work. “A physical therapist by day and a jihadist saboteur by night,” posted…
Islamic Development Bank commits $2bn to Kazakhstan’s infrastructure development The Islamic Development Bank has committed up to $2bn to bolster crucial projects in Kazakhstan’s water management and transport sectors. This commitment comes as part of a Framework Program Agreement signed between the Government of Kazakhstan and the Islamic Development Bank during a forum organized by the OPEC Fund for International Development.Photo: Islamic Development Bank commits $2bn to boost Kazakhstan’s water managementSource: Official information resource of the Prime Minister of the Republic of Kazakhstan The agreement, finalized by Deputy Prime Minister and Minister of National Economy Nurlan Baibazarov marks a milestone in…
On the fortieth day after the death of the Iranian President Sayyed Ebrahim Raeisi and his companions in the tragic incident, Hezbollah Secretary General Sayyed Hasan Nasrallah addressed the memorial held in Tehran to mourn the martyrs through a recorded video message, Al-Manar TV English website reported. Nasrallah offered again, on behalf of all the Resistance fighters and factions, the martyrs families and the Iranian leadership and people deep condolences on the major loss. Undoubtedly, the incident was very painful, yet believers always accept the fate decided by Holy God, Sayyed Nasrallah affirmed, adding that, as Imam Khamenei…
Islamic banking in the Philippines is expected to gain ground, especially in Mindanao, as the sector benefits from a strong regulatory push, S&P Global Ratings said. However, Islamic banking is projected to have a small share of total banking sector assets, and operations will likely be limited to the Muslim-majority region of Mindanao, Nikita Anand, an analyst at S&P said in an interview. “Our view is that there is a lot of regulatory push and support in the Philippines in order to improve financial inclusion,” Anand said. ”The launch of new Islamic banks will improve financial access for underserved regions…
PARIS — France’s government on Wednesday ordered the dissolution of multiple extreme right and radical Muslim groups, four days before the first round of high-stakes legislative elections that may see a surge in support for political extremes.Snap national elections called by pro-business moderate President Emmanuel Macron have plunged the country into a hasty and disorderly electoral race, in which hate speech is becoming a growing concern.Interior Minister Gerald Darmanin announced Wednesday that the government ordered the shutdown of several groups peddling extremist hatred. A series of decrees announcing the shutdown outlined investigations into the groups and said they posed risks…
WASHINGTON – U.S. intelligence and security officials are increasing their focus on the country’s southern border, worried the constant flow of migrants has attracted the attention of the Islamic State terror group.The heightened concern follows the arrests earlier this month of eight men from Tajikistan, all of whom entered the United States via its southern border with Mexico, some making the trip over a year ago.While the initial background checks came up clean, U.S. law enforcement subsequently turned up information indicating potential ties to the Islamic State group, also known as IS or ISIS.”It’s not lost on us that the…
Tel Aviv [Israel], June 27 (ANI/TPS): The Israel Defense Forces released photos of Palestinian Islamic Jihad rocket specialist Fadi al-Wadiya wearing the terror group’s uniform after Doctors Without Borders confirmed he was a staffer but denied he was a terrorist. Wadiya was killed in an airstrike in northern Gaza on Tuesday while bicycling to work.”A physical therapist by day and a jihadist saboteur by night,” posted the IDF’s Arabic spokesperson, Lt. Col. Avichay Adraee on X, formerly known as Twitter on Wednesday night.Also Read | Brazilian Wax Services for Transgender Woman? Salon Owner’s Misassumption Causes Controversy, Court Rules Against Mad…
Analysis of a windfall of data from inside Islamic State shows fighters of more than 70 nationalities joined the ruthless jihadist group, researchers said after examining thousands of records. The treasure trove came from an IS defector who handed over some 11,000 personnel files to US television network NBC, although more than half were found to be duplicates. NBC then passed 4,600 of the documents to the Combating Terrorism Center (CTC), which is based at West Point but independent from the US military academy. The documents are one of several large-scale leaks from within IS this year. Thousands of apparent…
How a new tech academy is helping Saudi Arabia train its next generation of app developers RIYADH: Saudi designers and entrepreneurs are making bold strides in the field of artificial intelligence, helped along by training schemes, mentors and new technologies provided by some of the world’s leading tech companies. Silicon Valley heavyweight Apple recently unveiled a new program to train students to use the latest emerging technologies, creating opportunities for Saudi Arabia’s tech-savvy workforce of the future. The Apple Developer Academy in Riyadh is among the institutions that will implement this training. Not only is it the first in the…
How a new tech academy is helping Saudi Arabia train its next generation of app developers RIYADH: Saudi designers and entrepreneurs are making bold strides in the field of artificial intelligence, helped along by training schemes, mentors and new technologies provided by some of the world’s leading tech companies. Silicon Valley heavyweight Apple recently unveiled a new program to train students to use the latest emerging technologies, creating opportunities for Saudi Arabia’s tech-savvy workforce of the future. The Apple Developer Academy in Riyadh is among the institutions that will implement this training. Not only is it…
RT interviews a representative of the frontrunner for the upcoming pollOn June 28, Iran will hold presidential elections following the tragic death of the country’s former president Ebrahim Raisi in a plane crash on May 19.Some believe that the president doesn’t have any real power in the Islamic Republic, but this is not true. The Iranian president does not have great influence over global issues such as the country’s foreign policy, national security strategy, or the nuclear program. However, he largely determines Iran’s domestic policy. He appoints the Council of Ministers and the heads of the main state institutions, and…
Macau’s economy secretary has emphasised the need to address rising demand for an Islamic dietary at a recent ceremony that recognised the culinary offerings of 17 enterprises in the city. 17 businesses, 12 of them food factories and five restaurants, were each awarded an accreditation by the Incorporated Trustees of the Islamic Community Fund of Hong Kong on Thursday. During the Halal Certificate Presentation Ceremony and Introduction to the Halal Certification Application Process organised by the Macao Trade and Investment Promotion Institute on Thursday, Lei Wai Nong, the Secretary for Economy and Finance, told participants that the city would welcome…
PARIS – France’s government on Wednesday ordered the dissolution of multiple extreme right and radical Muslim groups, four days before the first round of high-stakes legislative elections that may see a surge in support for political extremes.Snap national elections called by pro-business moderate President Emmanuel Macron have plunged the country into a hasty and disorderly electoral race, in which hate speech is becoming a growing concern.Interior Minister Gerald Darmanin announced on Wednesday that the government ordered the shutdown of several groups peddling extremist hatred. A series of decrees announcing the shutdown outlined investigations into the groups and said they posed…
Attempted arson on a mosque in Bochum that had been marked with a swastika, the door of a Muslim family in Saxony shot at by a far-right extremist neighbour, a woman pushed onto train tracks in Berlin after being asked if she belonged to Hamas. These are some of the record 1,926 anti-Muslim incidents registered in Germany last year by the CLAIM network of NGOs monitoring Islamophobia and anti-Muslim hatred. That marked a 114 percent rise in 2023, with incidents shooting up in particular after October 7. Yet authorities are paying insufficient attention to this phenomenon, and even denying its…
FILE – Residents look at candidates posters two days before polls open in Ulaanbaatar, Mongolia on June 26, 2024. Even in a busy year of elections, the next few days stand out. Voters go to the polls over the next week in fledgling democracies like Mauritania and Mongolia, in the Islamic Republic of Iran and in the stalwart democracies of Britain and France. (AP Photo/Ng Han Guan, File) By JAMEY KEATEN Associated Press Even in a busy year of elections around the world, the next few days stand out. Over the next week, voters go to the polls in fledgling…
ALMATY, Kazakhstan, June 27. The first day of the Annual meeting & Business Forum of the Eurasian Development Bank (EDB) has wrapped up in Almaty, Kazakhstan, Trend reports. The first day featured sessions on “Islamic Finance in Central Asia,” “Water, Energy, and Food in Central Asia: Partnerships and Projects for Sustainable Development,” and “The Eurasian Transport Network: Potential, Challenges, and Solutions.” Participants discussed the growth of Islamic finance in Central Asia, global trends in Islamic finance and banking, and the coordination of the “water, energy, and food” nexus. They also explored cooperation between multilateral development banks and international organizations to…
Published: Thu 27 Jun 2024, 3:52 PM Last updated: Thu 27 Jun 2024, 3:53 PM GCC countries, Malaysia, Indonesia, and Turkiye are increasingly major emerging-market (EM) debt issuers, Fitch Ratings says. In the first five months of 2024, they accounted for 51 per cent of all US dollar debt issued by EMs (excluding China; 2023: 43.7 per cent; 2020: 32.8 per cent). “We expect this growth to continue in 2024–2025, driven by government initiatives to develop the debt capital markets (DCM), diversify funding, finance fiscal deficits, government projects, and maturing debts. Sukuk is also maturing as a key funding and…
The leader of Pakistan’s Jamiat Ulema-e-Islam announced that within three to four months, the “Islamic Emirate” will rule over Khyber Pakhtunkhwa.Fazl-ur-Rehman stated in the National Assembly of Pakistan that the Taliban will take over North and South Waziristan, Dera Ismail Khan, Lakki Marwat, Bannu, and other areas.The leader of Pakistan’s Jamiat Ulema-e-Islam criticized the “Operation Resolve” military operations during his speech in the National Assembly on Wednesday, June 26th; the country’s prime minister and interior minister, Shahbaz Sharif, also attended this session.This Pakistani cleric stated, “The decision of military operations against semi-regulars is a move towards instability.”He has opposed terrorism…
The Eurasian Development Bank (EDB) is moving into Central Asia’s small but growing Islamic finance sector, with plans to open an Islamic banking window in 2025. The regional development bank’s chairman Nikolai Podguzov told journalists during the EDB annual meeting and business forum in Almaty on June 27 that the bank sees “great demand” for Islamic finance in Central Asia, where its members include Kazakhstan, Kyrgyzstan and Tajikistan. “Our focus is to establish an Islamic window in the Eurasian Development Bank. This is not an easy process, but I hope all the preparations will be finished by the end of the…
KUALA LUMPUR, June 27 (Bernama) — Central Asian countries such as the Kyrgyz Republic, Kazakhstan and Uzbekistan regarded Malaysia as an exemplary model of an Islamic country, the Dewan Rakyat was told today. Foreign Minister Datuk Seri Mohamad Hasan said this is because Malaysia adopts a moderate attitude at the international level in addition to an independent foreign policy including in defending the rights of the Palestinians. He said Prime Minister Datuk Seri Anwar Ibrahim, during his visits to the three countries last month, was welcomed with high respect by his counterparts. “The prime ministers of the three countries personally greeted our Prime…
On the fortieth day after the death of the Iranian President Sayyed Ebrahim Raeisi and his companions in the tragic incident, Hezbollah Secretary General Sayyed Hasan Nasrallah addressed the memorial held in Tehran to mourn the martyrs through a recorded video message, Al-Manar TV English website reported. Nasrallah offered again, on behalf of all the Resistance fighters and factions, the martyrs families and the Iranian leadership and people deep condolences on the major loss. Undoubtedly, the incident was very painful, yet believers always accept the fate decided by Holy God, Sayyed Nasrallah affirmed, adding that, as Imam Khamenei says, threats…