Author: islamnewsday
With the European parliamentary elections just days away, radicals in the streets and in the media appear to have ramped up their attacks against right-wing politicians. The right-leaning Alternative for Germany, poised to secure new seats Sunday, is a popular target for such attacks. On Tuesday evening, one radical slashed 62-year-old AFD politician Heinrich Koch with a carpet knife in the southwestern German city of Mannheim, roughly five miles away from where an Afghan migrant went on a stabbing spree Friday. According to the German publication Junge Freiheit, Koch — a Rheinau district council member and an AFD candidate for…
The date of an Eid ul Adha 2024 moonsighting has been announced as people across the UK are urged to go out and try to sight the crescent rather than relying on Saudi Arabia and other overseas nations. British Muslim astronomers say it’s likely that this next Eid will fall on June 17. It’s customary to look for the first faint crescent of the new moon on the 29th day of the existing month – which in this case is Dhul Qadah, the 11th month in the Islamic calendar. That will determine the start of the 12th month, Dhul Hijjah,…
The name Ibrahim Rilwan Mohammed is on the lip of everyone in all the predominantly Muslim states of Northern Nigeria. This is credited to unprecedented developments brought by his foundation to various Muslim communities in the region and neighbouring countries like Niger Republic. He has built mosques and Islamic schools, complete with air conditioning system and everything necessary for their functionality. He is also passionate in addressing situations facing the less-privileged in both urban and rural areas.Over 1,000 students across the region have benefited from his educational programmes which often prioritise orphans and needy children in society. According to investigations,…
An “impossible” moonsighting from Saudi Arabia has been denounced for making a mockery of the scientific process for deciding dates in the Islamic calendar. Saudi’s Supreme Court accepted a single eyewitness account – submitted late in the day and after 10 official observatories dotted across the country hadn’t seen anything – that the crescent moon had been seen. Sighting the moon in Islam’s lunar-based year means that one month – in this case, Dhul Qadah – can end and the next, Dhul Hijjah, can begin. Critically, the 12th month of Dhul Hijjah is when Eid ul Adha and the Hajj…
The Islamic Development Bank Institute (IsDBI) and the General Council for Islamic Banks and Financial Institutions (CIBAFI) have signed a Grant Agreement to collaborate on advancing Islamic finance’s role in sustainable economic development. This strategic partnership aims to evaluate the economic progress of five select member countries of the Organization of Islamic Cooperation (OIC) in areas crucial to both Islamic finance and sustainable development. The project will focus on the experiences and achievements of leading OIC countries in achieving sustainable economic growth. Key areas of exploration include climate change mitigation, women and youth empowerment initiatives, advancements in digitalization, and fostering…
The Yemeni group says military operations launched jointly with Iraqi groups, but Israel denies attacks.Yemen’s Houthis have launched two joint military operations with the Islamic Resistance in Iraq against ships at Israel’s Haifa port, the group’s military spokesperson Yahya Saree says in a televised speech. “The first targeted two ships carrying military equipment in the port of Haifa while the second targeted a ship that violated the decision to ban entry to the port,” Saree said on Thursday. “The two operations were carried out with a number of [drones], and the strikes … were accurate.” The Israeli military was quick…
Home » General » Islamic Development Bank Institute and the General Council for Islamic Banks and Financial Institutions (CIBAFI) Partner to Drive Sustainable Development through Islamic Finance Download logoThe Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/)and the General Council for Islamic Banks and Financial Institutions (CIBAFI) signed a Grant Agreement to collaborate towards advancing Islamic finance and its role in sustainable economic development. This strategic partnership focuses on evaluating the economic progress of five select member countries of the Organization of Islamic Cooperation (OIC) in specific areas critical to both Islamic finance and sustainable development. The project will delve into the…
A viral video (here, here, and here) on social media allegedly shows a rally conducted in front of the Shiv Sena Bhavan, Nashik. It is being claimed that the green colour flags seen in this video are Pakistan’s national flags. We fact-check this claim through this article.You can find an archived version of this here. Claim: Video shows a rally in front of the Shiv Sena Bhavan, Nashik, where Pakistani flags were hoisted recently.Fact: The green flags seen in this video are not Pakistani flags; they are Islamic flags. Both these flags are not identical in nature. The Pakistani flag contains…
This news has been read 132 times! Kuwait City, June 6: Kuwait Finance House (KFH), the world’s leading Islamic institution, has won “Best Islamic Finance House” and “Best Financial Institution Sukuk” awards at the 16th Annual EMEA Finance Middle East, Africa and Europe Banking Awards for the year 2023. The “Best Islamic Finance House” award acknowledges KFH’s leadership, exceptional performance within the Islamic banking sector, and contributions to the advancement of the banking industry. The “Best Financial Institution Sukuk” award celebrates KFH’s successful US$1 billion, 5-year Tier 1 Sukuk issuance under its US$4 billion Sukuk Program. At the recent London…
Live updates: Follow the latest on Israel-GazaYemen’s Houthi rebels on Thursday said they had launched two joint military attacks with the Iraqi Islamic Resistance militia group against ships at Israel’s Haifa port, a claim denied by the Israeli army.Like Hezbollah in Lebanon and other armed groups in Syria, the Houthis and the Iraqi group, which includes several armed factions, are part of the so-called Axis of Resistance, an anti-western political and military coalition led by Tehran.Since the war broke out in Gaza on October 7, the Iran-backed armed factions have established a daily co-ordination process through a joint command, mainly…
The Islamic State — also called ISIS (Islamic State of Iraq and Syria) — has claimed that Africa now accounts for more than 60 per cent of its global operations, indicating its continued drive to expand in the region and positioning the continent as a new frontier for international terrorism. The presence of ISIS-affiliated groups in Africa allows them to recruit, train, and launch attacks all over the continent. This trend started when the Islamic State called for migration to Africa, which it described as the land of migration (hijra) and jihad, after losing its grip in the Middle East. …
Tehran, June 6 (RHC)– The chief commander of Iran’s Islamic Revolution Guards Corps (IRGC) says the Israeli regime has to pay the price and await response for the martyrdom of one of the elite force’s military advisors in a recent act of aggression by the illegal entity against Syria’s northwestern city of Aleppo. Major General Hossein Salami made the stern warning on Wednesday after Israel’s airstrikes on Aleppo claimed the lives of at least 17 people and injured 15 others in the wee hours of Monday. Among those martyred was Saeed Abyar, an IRGC military advisor in Syria. Expressing his…
Vice President Ma’ruf Amin underscored that benefits of the practices of Islamic economy and finance are not limited to only Muslims.”The practices (of Islamic economy and finance) have been well received by all elements of society since they are inclusive in nature and place high regard to justice,” he remarked in Sorong City, Southwest Papua, on Thursday.Speaking at the inauguration of the Islamic Economy and Finance Committee (KDEKS) of Southwest Papua, he noted that the government had taken measures to develop the Islamic economy and finance as one of the drivers of economic growth.The vice president observed that various regions…
Subscribe to updates Unsubscribe from updates Download logoThe Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/)and the General Council for Islamic Banks and Financial Institutions (CIBAFI) signed a Grant Agreement to collaborate towards advancing Islamic finance and its role in sustainable economic development. This strategic partnership focuses on evaluating the economic progress of five select member countries of the Organization of Islamic Cooperation (OIC) in specific areas critical to both Islamic finance and sustainable development. The project will delve into the experiences and achievements of leading OIC countries in achieving sustainable economic growth. Key areas of exploration include climate change mitigation, women…
Sorong, Southwest Papua (ANTARA) – Vice President Ma’ruf Amin, in Sorong City on Thursday, inaugurated the Islamic Economy and Finance Committee (KDEKS) of Southwest Papua Province as the first KDEKS in Papua region.”As the youngest province, Southwest Papua has demonstrated its firm commitment to accelerating the growth of the Islamic economy and actualizing equitable, inclusive, and sustainable welfare,” he remarked during the inauguration of the Southwest Papua KDEKS.He urged Southwest Papua Province to mobilize its potential by involving and empowering local and indigenous people along with their businesses in order to take part in realizing the vision of a smart,…
Afghan Voice Agency (AVA) – Kabul: Dr. Abdul Taif Nazari, during his visit to Panjshir Governor Hafiz Muhammad Agha Hakim, participated in the coordination meeting of the Anjos and the Provincial Development Committee, which was held in the presence of the heads of local departments, competent representatives of national and international institutions.The governor of Panjshir said in this meeting that important and key works in terms of health, education, infrastructure, mines, providing employment opportunities have been done in a better way at the level of Panjshir, but due to the many problems that the residents of Panjshir have, it is…
Market Closed – Nasdaq 05:16:01 2024-06-05 pm EDT 5-day change 1st Jan Change 17,188 PTS +1.96% +1.58% +14.50% This article is reserved for members Not a member ? Free registration Wall Street: sudden upturn, causes uncertain May. 31 CF US Equity Indexes Decline This Week as Consensus PCE Inflation Report Fails to Dent Higher-for-Longer Rate Expectations May. 31 MT Equities Mostly Rise as Fed’s Preferred Inflation Measure Meets Expectations May. 31 MT FOR THE WEEK, THE S&P 500 FELL 0.48%, THE NASDAQ DECLINED 1.1%,… May. 31 RE S&P 500, Nasdaq drop as investors weigh inflation data, tech drags May. 31…
Updated Jun 6, 2024, 14:49 ISTEid-ul-Fitr marks the end of Ramadan, celebrating the conclusion of a month-long fast with prayers, feasts, and charity. Eid-ul-Adha, occurring during Hajj, commemorates Prophet Ibrahim’s willingness to sacrifice his son, with rituals including prayers, feasts, and the symbolic sacrifice of an animal (qurbani). Every year, Muslims celebrate two major festivals: Eid al-Fitr (Eid ul-Fitr) and Eid al-Adha (Eid ul-Adha). Eid al-Fitr, translates to “festival of breaking the fast”. It celebrates the end of holy month of Ramadan. Celebrations include exchanging gifts, giving in for charity, practising gratitude for spiritual growth. Eid al-Adha, also known as…
KUALA LUMPUR: Standard Chartered Saadiq Malaysia unveiled a major achievement on the establishment of Islamic Sustainable Accounts, at the recent Global Forum of Islamic Economics and Finance. The bank is proud to mark the milestone with PETRONAS in opening Islamic Sustainable Accounts for its subsidiaries engaged in sustainable activities. This solution demonstrates the bank’s strong commitment to support the United Nations’ Sustainable Development Goals (UN SDGs) by being the first bank to offer a sustainable current account savings account in Malaysia. Cash placed into the Sustainable Account is referenced against projects aligned with Standard Chartered’s Green and Sustainable Product Framework.…
Dubai Islamic Bank has signed a cooperation agreement with the Knowledge Fund Establishment to support the ‘Dubai Schools’ project with a pledge amounting to AED11 million. The move seeks to help realise the goals of the Dubai Social Agenda 33 and Dubai Islamic Bank’s Corporate Social Responsibility strategy, which is focused on supporting various national initiatives and programmes to serve the community. The signing of the agreement is also in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen public-private sector partnerships.…
It is that time of the year again when the rhythm of the takbirs and Muslims’ hearts across the world beat in rhyme ahead of Eid-al-Adha (also known as Bakra Eid, Bakrid, Bakhreid, Eid al-Adha, Eid Qurban, Qurban Bayarami or the Feast of Sacrifice), as the month of Zul Hijjah/Dhul Hijjah of Islamic lunar calendar is around the corner and promises blessings transcending space and time while honouring and commemorating Prophet Ibrahim’s absolute dedication to Allah. Eid ul-Adha is celebrated by Muslims all around the world on the tenth day of Dhu al-Hijjah (the twelfth month of the Islamic lunar…
KUALA LUMPUR, June 5 (Bernama) — OCBC Bank (Malaysia) Bhd has pioneered the inaugural Islamic Sustainable Financing Facility for Permodalan Nasional Bhd’s (PNB) wholly-owned subsidiary, PNB Jersey Ltd, with a £210.0 million (£1=RM5.99) Islamic Green Financing Facility (Green Facility). OCBC Malaysia is the sole lead arranger and sustainability structuring adviser for the green facility to finance the refurbishment of PNB’s investment property located at One Exchange Square, London. The bank shared that the property is an office tower which has been designed to attain the “Excellent” rating under the Building Research Establishment Environmental Assessment Method (BREEAM), with a targeted National Australian Built Environment Rating System (NABERS) UK…
AlHuda CIBE Established Talent Acquisition Platform to Bridge the Islamic Finance Industry’s Skill Gap AlHuda CIBE UAE, a leading Islamic Finance Advisory, consultancy, research, capacity building, and Shariah services provider institution, today announced the establishment of a dedicated Talent Acquisition Platform. This initiative aims to address the growing demand for qualified and Shariah-compliant human resources within the global Islamic finance industry.The Islamic finance industry has witnessed significant growth in recent years, driven by rising demand for ethical and Shariah-compliant financial solutions. However, this rapid expansion has exposed a critical gap in the talent pool. There’s a shortage of qualified professionals…
Saudi Gazette Report RIYADH — An international media forum aimed at bolstering the drive for the global recognition of an independent Palestine State will be held on Sunday, June 9.The Assistant Secretariat for Institutional Communication at the Muslim World League and the Union of News Agencies of the Organization of Islamic Cooperation (UNA-OIC) will jointly organize remotely the event titled: “Media and the Palestinian right: Practical steps to build initiatives to recognize Palestine.” The participants at the forum include officials of the news agencies from Islamic countries, international media unions, representatives of international media, a number of international organizations, and…
Wednesday, 5 June 2024, 5:52 pmArticle: RNZ The Supreme Court has declared the then National-led government broke the law in 2016 when it cancelled a woman’s passport on national security grounds.The Crown has been ordered to pay the woman $30,000 to cover her legal costs, but the court declined to require further payment – saying if there were issues relating to costs in the lower courts those courts should resolve them.The ruling decides an eight-year legal battle shrouded in secrecy, and overturns previous rulings by the High Court and Court of Appeal.As acting Internal Affairs Minister in 2016, Judith Collins…