Author: islamnewsday
GRAND MOSQUE OF DJENNÉ: The world’s largest mud-brick building used to draw tens of thousands of tourists to central Mali every year. Internal strife now threatens the site on the UNESCO World Heritage in Danger list since 2016. PHOTO COURTESY OF WIKIPEDIADjenne, Mali (AP) – Kola Bah used to earn a living as a tour guide in Mali’s historic city of Djenné, once a center of Islamic learning known for the sprawling mud-brick mosque that has been on the UNESCO World Heritage in Danger list since 2016.The Grand Mosque of Djenné – the world’s largest mud-brick building – used to…
By Sharifah Pirdaus Syed Ali KUALA LUMPUR, May 30 (Bernama) — Islamic Finance can play a prominent role in accelerating the pace of economic growth particularly that which is sustainable and inclusive, said economists. Juwai IQI global chief economist Shan Saeed said financial markets need stability and norm. The ructions in the markets are of a magnitude not seen in generations, whereby uncertainty, nervousness and jittery behaviour are putting the market valuation in jeopardy, he noted. Shan said the alchemy of the global financial markets has changed dramatically in the last 16 to 17 years. “So there are more deliberations in the…
A shooting attack aimed at the Israeli community of Bat Hefer on May 29 has led to concerns that terrorist groups are increasingly operating in the West Bank. These types of attacks have spread over the last year. It began with Palestinian Islamic Jihad in Jenin and also other armed groups in Nablus, but it has now spread across the northern West Bank. A ramming attack killed two soldiers in the West Bank near Nablus. It’s important to see the elephant in the room here. The attacks on Bat Hefer are part of a growing number of terror incidents emanating…
Officials at the meeting in Madrid discussed the latest attacks in Rafah while renewing their calls for an immediate ceasefire in the Gaza Strip. Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani has commended Spain’s recognition of Palestine’s statehood, during a summit aimed at mobilising international action to stop the Israeli war on the Gaza Strip. “We appreciate Spain’s efforts towards the war on Gaza and value its position regarding the recognition of an independent Palestinian state,” Sheikh Mohammed, who is also Qatar’s foreign minister, said on X. The Arab-Islamic summit in Madrid gathered officials from Arab and Islamic…
Officials at the meeting in Madrid discussed the latest attacks in Rafah while renewing their calls for an immediate ceasefire in the Gaza Strip. Qatar’s Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani has commended Spain’s recognition of Palestine’s statehood, during a summit aimed at mobilising international action to stop the Israeli war on the Gaza Strip. “We appreciate Spain’s efforts towards the war on Gaza and value its position regarding the recognition of an independent Palestinian state,” Sheikh Mohammed, who is also Qatar’s foreign minister, said on X. The Arab-Islamic summit in Madrid gathered officials from Arab and Islamic…
Riyadh. The Islamic Development Bank (IsDB) has called for the need to nurture entrepreneurial leaders to help propel the world towards a future rooted in ethical principles and sustainable development. The bank made the call during the 18th Global Islamic Finance Forum recently held in Riyadh, Kingdom of Saudi Arabia. The forum attracted an array of thought leaders, policymakers, financial experts, and major stakeholders in the Islamic finance industry. It was also held on the sidelines of the IsDB Group Annual Meetings and Golden Jubilee Celebration, themed: Innovation, Entrepreneurship, and Leadership in Islamic Finance. In his opening remarks, IsDB President…
Meethaq Islamic banking, from Bank Muscat-the leading Islamic banking institution in the Sultanate of Oman, has achieved a groundbreaking digital transformation by seamlessly migrating from a legacy Core banking system to Temenos Core for Retail and Corporate banking, with the support of Systems Limited, a global system integrator. Meethaq stands as the largest Islamic Banking window in Oman, offering a full suite of Shari’a compliant Islamic banking products and services, including deposit products, consumer financing, credit cards, corporate banking, internet banking, mobile banking and 24X7 Contact Center for valued customers and corporate clients. Meethaq provides Shari’a compliant financial solutions to…
An Islamic scholar, Muhammad Alkandawi, and his spouse, Ubaida Abdulmalik, have been apprehended by men of the Nigerian Army in the Federal Capital Territory. Naija News understands that the couple were whisked away from their residence in the Dei-Dei neighbourhood in Abuja. Reports indicate that the cleric’s wife, along with three of his associates, were initially detained on Saturday, followed by the cleric’s arrest on Tuesday (yesterday). The cleric was said to have released a video and audio recording earlier where he mentioned that his three companions were released during their arrest, while his wife was taken to the Mogadishu…
IANS- The Islamic State terrorist organization has issued an ominous threat against the T20 World Cup match between India and Pakistan to be held here next month and New York officials said on Wednesday that they are heightening security. New York Governor Kathy Hochul said that she has “directed the New York State Police to engage in elevated security measures, including an increased law enforcement presence, advanced surveillance, and thorough screening processes”. Bruce Blakeman, the head of Nassau County, bordering New York City, where the match will take place, said: “We make sure that we are on top of every…
ISLAMABAD: The Council of Islamic Ideology (CII) on Wednesday condemned the culture of mob vigilantism in the country and reiterated its call for the establishment of special courts to try such cases.But there was a consensus at the meeting that desecration of Holy Quran did occur in Sargodha on Saturday (May 25) and condemned both sides for the mayhem that followed.The meeting was chaired by the CCI’s new head, Dr Muhammad Raghib Hussain Naimi. An angry mob went on the rampage in Sargodha’s Mujahid Colony on Saturday after rumours started circulating that some shredded pages of the Holy Quran had…
(MENAFN- IANS) Madrid, May 30 (IANS) Spanish Prime Minister Pedro Sanchez held a meeting on Gaza with a delegation of the Ministerial Committee commissioned by the Joint Arab-Islamic Extraordinary Summit here, a day after Spain’s official recognition of Palestinian statehood.The delegation thanked Spain for the “historic and courageous” step that the recognition of a Palestinian state represents at this time. It is not just a symbolic step, but one that keeps alive the idea of the two states, the delegation said on Wednesday, according to a Spanish government statement.The meeting highlighted Spain’s commitment and willingness to negotiate with Arab and…
JAKARTA – Turkish President Recep Tayyip Erdogan criticized Islamic countries, the United States to Europe, as Israel expanded its military operations to Rafah in southern Gaza, causing the death toll and injuries to the Palestinian enclave to continue to grow.Israeli airstrikes against Rafah killed dozens of people on two separate occasions, 45 people in Sunday’s attack and 21 people in Tuesday’s attack.Speaking at a parliamentary meeting of the Justice and Development Party (AK Party) in the capital Ankara, President Erdogan condemned the failure of fellow Muslim countries to take joint action against Israeli airstrikes.”I have a few words to convey…
By Jason Wahlang The March 2024 terrorist attack by the Islamic State Khorasan Province (ISKP) in Moscow Oblast brings to attention the Islamic State’s long-standing animosity towards the Russian state. The group also seeks to destabilise the relationship between Russia and Central Asia. Russia can be expected to deal with the ISKP threat more aggressively, including tighter border controls. The Islamic State Vilayat Caucasus, founded in 2015, also exists which operates in the historically conflict-prone Northern Caucasus region. On 22 March 2024, a major terrorist attack took place in the Crocus City Hall, Krasnogorsk, in the Moscow Oblast, in which…
Spain’s Prime Minister Pedro Sanchez on Wednesday held talks in Madrid with the members of the Joint Arab-Islamic Ministerial Committee on Gaza, headed by Saudi Foreign Minister Prince Faisal bin Farhan, the Saudi Press Agency reported. The meeting, to discuss developments in the besieged Gaza Strip, was attended by the foreign ministers of Qatar, Palestine, Jordan and Turkiye and the secretary-general of the Organization of Islamic Cooperation. The committee members hailed Spain’s move to recognize the State of Palestine and vowed to keep pushing to secure Palestinians’ rights and promote peace in the region and the world at a time…
KUALA LUMPUR – The International Islamic Liquidity Management Corporation (“IILM”), an international organisation that develops and issues short-term Shari’ah-compliant financial instruments, has onboarded Affin Islamic Bank Berhad (“Affin Islamic”) as its eleventh Primary Dealer, becoming the third Malaysian-based Primary Dealer for the IILM’s short-term Ṣukūk programme. The agreement was formalised at the signing ceremony between the IILM’s Chief Executive Officer, Mohamad Safri Shahul Hamid and Affin Islamic Bank Berhad’s Chief Executive Officer, Datuk Paduka Syed Mashafuddin Syed Badarudin during the Global Forum on Islamic Economics and Finance (“GFIEF”) in Kuala Lumpur, today. The signing ceremony was witnessed by Bank Negara Malaysia (“BNM”)’s Deputy Governor, Adnan…
Rome/Dubai – SACE is pleased to announce a new Push Program with a substantive facility aimed at supporting the Italian value chain in the food and beverage sector. The program is in collaboration with the IFFCO Group, the international group headquartered in the United Arab Emirates that manufactures and markets a well-integrated range of mass-market food products, related derivatives, intermediates, and services. The group operates 95 facilities in 50 countries, employs around 15,000 people, and reaches five continents with its portfolio of over 80 brands. For the first time globally, SACE has guaranteed financing with an Islamic finance structure (Commodity Murabaha)…
Deputy Michael Healy Rae speaking at Killarney Islamic Centre.Islamic Cultural Centre in Killarney.Deputy Michael Healy-Rae has refused to be drawn on calls by a local election candidate in Kerry running for a far-right party that he should be ‘excommunicated’ from the Catholic Church for having visited a mosque in Killarney in the past.National Party candidate Jacob Sweeney posted a message on his X account that he emailed Bishop of Kerry Ray Browne ordering that Deputy Healy-Rae be excommunicated as he caused ‘serious offence to God’ and was ‘blasphemous’ in visiting the mosque.Deputy Healy-Rae said the video is from ‘a while…
Dubai, United Arab Emirates: SOCIALEYEZ, the Middle East’s leading digital agency, proudly announces its recent acquisition of social media retainers for Emirates NBD and Emirates Islamic Bank, solidifying its position as a frontrunner in the industry. The addition of these two prestigious accounts marks a significant milestone for SOCIALEYEZ, underscoring the agency’s continued success and growing presence within the semi-government and financial sectors. These wins come as a testament to SOCIALEYEZ’s unwavering commitment to delivering exceptional results and tailored solutions for its clients. The accounts, secured in February, have since been met with diligent onboarding processes and the development of comprehensive…
Baghdad-INA The Iraqi government called today, Wednesday, for an Arab, Islamic and regional movement to prevent genocide in Palestine, while renewing its support for the cause of the Palestinian people and urging all international bodies to open the way for medical and food aid and humanitarian relief efforts. Government spokesman Basim Al-Awadi said in a statement received by the Iraqi News Agency (INA): that “The Iraqi government is closely monitoring the developments in Gaza and the occupied territories of Palestine, especially the recent escalation of Zionist aggression on Rafah, resulting in the martyrdom of many women, children, and innocent civilians. This…
A terrorist group in Gaza has released a hostage video of an Israeli Amazon employee who was kidnapped during Hamas’ bloody October 7 attacks. Israeli MP Sharren Haskel says Israel is trying to avoid civilian casualties “as much as possible”. Ms Haskel told Sky News host Sharri Markson that Hamas is “using” civilians in Gaza. Hamas is “abusing” civilians she added. Sasha Troufanov, a 28-year-old computer engineer with the Tel Aviv-based microelectronics firm Annapurna Labs, an Amazon subsidiary, wore a black, white and red polo in the video, which he addressed to the Israeli public and “all of the protesters”, according…
By Arret Jatta The Islamic Enlightenment Society (IES) Tuesday urged National Assembly Members to repeal the law on FGM. The society made the call as it appeared before the Joint Committee of Health, Gender, Children and Social Welfare to present their position paper on the Women’s Amendment Bill 2015 which seeks to repeal the law on FGM. Oustas Ma Binta Ceesay, from the Islamic Enlightenment Society, stressed that anti FGM advocates should invest their financial resources in ensuring that the circumcisers are trained adequately to be able to do the practice well. According to her, people should not be hindered from practicing their religious and…
KUALA LUMPUR, May 29 (Bernama) — The time has come to inject a new sense of “islah” or reform through Islamic finance, paving the way for the next stage of growth and development, said the Malaysia International Islamic Finance Centre (MIFC) Leadership Council (MLC) chairman Tan Sri Azman Mokhtar. He said the term “islah” means to reform, improve and restore matters to be in a state of “fitrah” or a natural, authentic and good position. “We need to do this together as a call of action and part of Islamic finance by co-creating the next wave towards a more inclusive and sustainable world,” he…
They made this suggestion before the Joint Committee of Health, Gender, Children and Social Welfare, while presenting their position paper on the Women’s Amendment Bill 2015 at the National Assembly on Tuesday. When she deliberated o the issue, Oustas Ma Binta Ceesay, from the Islamic Enlightenment Society, stressed that Anti FGM advocates should invest their financial resources in ensuring that the circumcisers are trained adequately to be able to do the practice well. “So that we can continue to live our lives in unity and stop going back and forth on this same issue.” She added that not repealing the…
By David Wilcock, Deputy Political Editor For Mailonline 12:39 29 May 2024, updated 12:43 29 May 2024 A Green Party election candidate is mired in an anti-Semitism row today over social media posts blasting ‘Jew lovers’ and claiming the Islamic State terrorist group was run by the Israeli intelligence agency Mossad.Joe Belcher, who is standing in the Aldridge-Brownhills seat in the West Midlands, also denied a controversial mural showing ‘hooked-nosed Jewish bankers’ playing monopoly off the backs of the poor was ‘anti-Semitic’.Mr Belcher, the treasurer of the local party branch in Walsall, shared a link to an article by ‘the real…
KUALA LUMPUR, May 29 (Bernama) — The Global Forum on Islamic Economics and Finance (GFIEF) concluded its two-day conference on Wednesday, affirming the government’s commitment to reforming Islamic finance and the economy to foster inclusive growth. Ministry of Finance (MoF) Secretary-General of Treasury Datuk Johan Mahmood Merican expressed Malaysia’s strong commitment to reforming Islamic finance leadership under the MADANI Economy Framework. “I believe that when we talk about reform, it doesn’t necessarily mean starting from scratch, but to see how can we really learn from what has already been done,” he said during today’s closing session of the forum titled ‘GFIEF…