Author: islamnewsday
UZBEKISTAN, Khiva – The historical city of Khiva welcomed delegates from across the Islamic world for the 12th Islamic Conference of Tourism Ministers (ICTM) from May 31 to June 2. Organized by the Organization of Islamic Cooperation (OIC), the conference focused on the theme “Development of the Tourism Industry in a Sustainable and Resilient Way.”The gathering highlighted the transformative potential of tourism among the OIC member states. Representatives engaged in various sessions to discuss the development of sustainable practices, digital transformation, and community-based tourism. These strategies are seen as crucial drivers for economic growth and poverty alleviation within the member…
The Islamic State (IS) terrorist group could add car bomb attacks to its “modus operandi” in its future attacks against European Union (EU) countries, according to a study published by Europol.”The Paris and Brussels attacks showed that terrorists acting on behalf of the Islamic State (…) are capable of planning relatively complex and effective attacks” and “other possibilities for the future include the use of car bombs, kidnappings or extortion,” indicate Europol anti-terrorist experts.They are supported, among other data, by the suspicion that the Ihadists who struck Paris in November 2015, killing 132 people and injuring more than 300, had…
Following the recent rocket fire, Israel cannot tolerate “the rules of the game” that the Palestinian Islamic Jihad (PIJ) is trying to impose on it, and the goal of reaching a long-term “understanding” with the main terrorist group, Hamas, He looks more and more distant.For months, the Israeli government has pursued the goal of trying to stabilize the Gaza Strip. He attempted to reach new truce understandings with Hamas through indirect negotiations, brokered by the Egyptians and others, and thus avoid a new war. But the latest incidents show that the goal of stabilizing Gaza is increasingly distant.On Sunday, February…
Doha, June 3 (QNA) – HE Minister of Endowments and Islamic Affairs Ghanem bin Shaheen Al Ghanem has issued a decision to form the Qatari Hajj mission for the Hajj season 1445 AH, corresponding to 2024 AD, and to name the supporting units to serve the pilgrims of Qatar. According to the decision, HE the Minister of Endowments will head the mission, and the decision also stipulated the appointment of Ali Sultan Al Musaifri as vice-president and appointment of members representing the State’s ministries and its relevant institutions, including the Ministry of Interior, the Ministry of Foreign Affairs, the Ministry…
The Maldives — an Islamic nation located a few hundred miles south of India in the Indian Ocean — banned Israeli passports this week to punish the country over its war against the Hamas terrorists that carried out the October 7 massacre.President Mohamed Muizzu announced that he would follow his country’s recommendation and impose the ban.“The Cabinet decision includes amending necessary laws to prevent Israeli passport holders from entering the Maldives and establishing a Cabinet subcommittee to oversee these efforts,” the statement said.The country said that it was going to raise money for the The United Nations Relief and Works…
WILMINGTON: A jury was sworn in on Monday for the trial of Hunter Biden on gun charges, a historic criminal prosecution of a sitting president’s son with the potential to influence the 2024 presidential election. Hunter Biden, 54, went on trial at the federal courthouse in Wilmington, Delaware, four days after Republican Donald Trump, the Democratic president’s rival for the Nov. 5 US election, became the first former president found guilty of a crime. President Joe Biden’s son is accused of failing to disclose his use of illegal drugs when he bought a Colt Cobra .38-caliber revolver and of illegally…
No fewer than 48 suspected criminals were paraded on Monday by the Ondo State Security Network Agency, also known as Amotekun Corps, over alleged involvement in criminal activities in various parts of the state. While parading the suspects at the headquarters of the Corps in Akure, the state capital, the Commander, Adetunji Adeleye, disclosed that they were nabbed for crimes ranging from kidnapping, theft, burglary, impersonation, anti-grazing and vandalism, among others. According to the commander, operatives of the Corps would not relent in efforts to ensure the protection of lives and properties across the state. Speaking on the forthcoming Islamic…
In response to the severe heatwave affecting northern India, with temperatures soaring above 45° Celsius (113 degrees Fahrenheit), one of the country’s leading Islamic centers has issued a call to Muslims to refrain from cutting down trees or burning fields post-harvest. This initiative aims to mitigate the effects of climate change and the escalating temperatures that have already claimed numerous lives due to heatstroke. Khalid Rasheed Farangi Mahal, the chairperson of the Islamic Centre of India, emphasized the importance of environmental conservation, stating, “Every Muslim must ensure no green trees and crops are set on fire.” Mahal, a prominent scholar…
The latest Mastercard-CrescentRating Global Muslim Travel Index (GMTI) 2024 highlights changing demographics – namely the growing importance of the female traveller and under-40, young travellers – as well as what is driving and fuelling the sector’s growth. Aisha Islam, senior vice president, Customer Solutions Center, South-east Asia, Mastercard Asia-Pacific, said the 2024 index showed a “breaking of boundaries and value and volume increasing”. The GMTI presentation showed the Muslim travel market is projected to reach 230 million arrivals and contribute US$225 billion by 2028 She told participants at the Halal in Travel Global Summit (HiTGS) that the figure of 436…
This news has been read 190 times! KUWAIT CITY, June 3: Dr. Adel Al-Adwani, the Minister of Education, has wrapped up the duties assigned to all members of the examination committee, laying the groundwork for the appointment of a new team to oversee the process in the aftermath of an examination leakage incident. According to informed sources, Dr. Al-Adwani has formed an extensive investigation committee as a prelude to taking decisive action against those responsible for the leakage. Earlier reports from Al-Seyassah newspaper detailed the Ministry of Education’s decision to reschedule the Islamic Education exam for second-grade students in both…
HBL inaugurated its Islamic Banking Branch in DHA Phase 8, Karachi. This is a first-of-its-kind modular construction branch in the banking industry in Pakistan. The launch is part of HBL’s continuous efforts to expand its branch network to better serve Shariah-compliant products and services to its clients. The branch was inaugurated by the Branch Manager’s mother along with the President & CEO. HBL Islamic offers services to clients through a network of 408 dedicated branches and 569 Islamic Banking Windows (IBWs) in 300 cities across the country, with plans to expand its reach by adding more IBWs soon. HBL Islamic…
Photo: REUTERS / Mohammed SalemIn the early hours of this Tuesday, Israel delivered a coup in the region when it killed Baha Abu al-Ata in his bed, thus unleashing an incessant wave of rocket fire from the Gaza Strip towards Israel.But who was Abu al-Ata and why was it so important for Israel to neutralize him?In a press conference this Tuesday, Prime Minister Netanyahu defined al-Ata as a “time bomb” and highlighted that “in the last year he was the main instigator of terrorism from the Gaza Strip. “He initiated, planned and executed many attacks and fired hundreds of rockets…
‘Liquidity profiles of these banks showing signs of improvement’ JASIM UDDIN HAROON | Published: June 04, 2024 00:08:42 Liquidity challenges are still affecting Islamic banks in Bangladesh, which are more vulnerable than conventional ones, according to the latest report of an American credit-rating agency.Fitch Ratings on Monday said the Islamic banking market share was sizeable but had been stagnant over the past two years, accounting for just over a quarter of the sector by industry deposits (end-2023: 25.3 per cent; end-2022: 25.8 per cent) and financing (end-2023: 28.9 per cent; end-2022: 29.2 per cent).Islamic banks’ liquidity-coverage ratio (LCR) tumbled to…
The terrorist group Islamic State (IS) announced today the death of its leader, Abu al Hussein al Husseini al Qurashi, appointed in November 2022, and designated Abu Hafs al Hashimi al Qurashi as the new “caliph”, according to an audio released by the audiovisual production company Al Furqan, close to the jihadists.”We express the condolences of (…) the soldiers of the Islamic State for the death of the caliph of the believers, Abu al Hussein al Husseini al Qurashi,” said IS spokesman Abu Huzaifa al Ansari in the audio.Likewise, he announced that after Al Qurashi’s death the “advisors” of the…
Country ranks as the fourth largest Islamic financial markets in the worl Read more… Published: Mon 3 Jun 2024, 7:50 PM The assets of Islamic banks operating in the UAE jumped $23.41 billion to surpass $195 billion, according to the Central Bank of the UAE. The CBUAE data showed that the assets of Islamic banks reached Dh717.7 billion ($195.39 billion) at the end of February 2024, an annual increase of 13.61 per cent compared to Dh631.7 billion ($171.98 billion) at the end of February 2023. The sustained remarkable growth recorded by the UAE’s Islamic banks over the past years has…
Home » General » The International Islamic Trade Finance Corporation (ITFC) Signs Memorandum of Understanding on Mutual Business Cooperation with Qatar Development Bank The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-idb.org) and Qatar Development Bank (QDB) have announced the signing of a Memorandum of Understanding (MoU) to bolster mutual business cooperation. The MoU aims to support QDB’s SME Export Development Program and enhance the capabilities of Qatari entrepreneurs and innovators, as well as small and medium enterprises (SMEs), to compete effectively in the global market. The agreement was signed by Mr. Abdulrahman Hesham Al-Sowaidi, Chief Executive Officer of QDB, and…
David Martin Jones, who has died aged 73, was a maverick, conservative author and lecturer on political theory, militant Islamic movements, geopolitics and what are now called “culture wars”.In 2015 he argued that the Islamic State was a “death cult”, a characterisation quickly adopted by many others including Tony Abbott, then Prime Minister of Australia, and Boris Johnson, then an MP. Jones applied the same term to Hizbollah and Hamas.He did not view these groups as freedom fighters, but rather as terrorists enamoured of savagery against others and death for themselves in preference to living in anything resembling a liberal…
Central Bank of Nigeria (CBN) Governor, Yemi Cardoso, has revealed that the creation of Islamic banking in Nigeria was fast-tracked by a pastor contrary to views making the rounds that such banking was the idea of Islamic scholars. Ably represented by the CBN Director of Legal Services, Kofo Salam-Alada, at a reception set aside to honour the Secretary-General, Organisation of Islamic Cooperation Arbitration Centre, Dr Umar Oseni, in Abuja, Cardoso said that the individual who set in motion the creation of these banks was to be a part-time pastor of the church contrary to general views, after which Prince (Emir…
Malaysia’s prime minister spoke at the Turath Islami Festival held in the State of Selangor, which celebrated Islam’s intellectual heritage. According to Anwar, the development of Artificial Intelligence has been based so far on Western ideas and concepts, but in Malaysia, it must “not stray from the Islamic moral system and values.” Kuala Lumpur (AsiaNews) – Islamic traditions and principles will have to be applied in the use of artificial intelligence in Malaysia. So far, the development of the technology has been based on Western ideas and concepts, this according to Malaysian Prime Minister Anwar Ibrahim. “The field of artificial…
Home » General » Islamic Development Bank Institute Concludes Training for Staff of Libyan Financial Institutions Download logoThe Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) organized two training programs on “Introduction to Islamic Finance” and “Islamic Finance Shari’ah and Accounting Standards”, delivered during the period 19-30 May 2024 in Tunis, Tunisia. The programs were for staff of Libyan financial institutions, organized as a part of an IsDBI technical assistance grant for capacity building in Islamic finance for the Ministry of Finance of Libya. The objective of the grant is to develop the capacity of the Libyan financial institutions and their staff,…
Subscribe to updates Unsubscribe from updates Download logoThe Islamic Development Bank Institute (IsDBI) (https://IsDBInstitute.org/) organized two training programs on “Introduction to Islamic Finance” and “Islamic Finance Shari’ah and Accounting Standards”, delivered during the period 19-30 May 2024 in Tunis, Tunisia. The programs were for staff of Libyan financial institutions, organized as a part of an IsDBI technical assistance grant for capacity building in Islamic finance for the Ministry of Finance of Libya. The objective of the grant is to develop the capacity of the Libyan financial institutions and their staff, helping them gain a robust understanding of Islamic finance principles.…
BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): Brunei’s Islamic financial sector continues to soar, with assets reaching a staggering BND13.3 billion in 2023, comprising 57.2 per cent of the nation’s financial market share. This remarkable growth was celebrated at the Brunei Darussalam Islamic Finance Symposium 2024, held at Balai Khazanah Islam Sultan Haji Hassanal Bolkiah. Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah hailed the sector’s development as a catalyst for economic prosperity. In his keynote address as the guest of honour, he emphasised the pivotal…
Afghan Voice Agency (AVA) – International Service: 8 people, including three children, were martyred in the bombardment of two residential houses by the Zionist regime in al-Rumidha area in the east of Khan Younis city, located in the south of the Gaza Strip. On the other hand, the Islamic resistance of Iraq this morning targeted a vital target in the port city of Haifa, located in the north of occupied Palestine, with a drone. Follow the most important developments of the 241st day of the Al-Aqsa storm operation below: The Israeli command headquarters in the occupied Golan…
The Islamic State terrorist group urged its supporters to launch more attacks against Israel, during a speech delivered by its new spokesman Abu Omar al Muhajjir on the occasion of the month of Ramadan, holy for Muslims.Six Israelis were recently murdered in two attacks carried out in the cities of Beer Sheva and Hadera by Israeli Arabs sympathizing with the jihadist group.The Islamic State claimed responsibility for both attacks, although it does not appear that the terrorists received direct instructions from the organization to carry out these attacks.Al Muhajjir urged his supporters to “arm themselves and carry out more attacks.”He…
Israel today formally accused Basam al Sadi, leader of the Palestinian Islamic Jihad (PIJ), of membership and activity in a terrorist organization. Palestinian in Judea and Samaria, whose arrest on August 1 sparked clashes for three days between Israeli troops and that group’s militias in Gaza.«The Military Prosecutor’s Office presented an accusation against Basam al Sadi for crimes of membership and activity in an illegal association, the Islamic Jihad terrorist organization. He has also been accused of impersonation, incitement and aiding contact with enemy elements », a military spokesman said in a statement.According to the indictment, Sadi was involved in…