Author: islamnewsday

DP World and Saudi Ports Authority (Mawani) have embarked on the construction of a new SAR900 million ($250 million) logistics park at Jeddah Islamic Port. The project aims to enhance trade in the Kingdom of Saudi Arabia and the wider region by providing advanced storage and distribution facilities. The greenfield facility, spanning 415,000 square meters, will include 185,000 square meters of warehousing space and a sprawling multi-purpose storage yard, making it the largest integrated logistics park in the Kingdom. With a capacity for over 390,000 pallet positions, the park will facilitate the seamless flow of goods to and from Jeddah.…

AEON Bank, Malaysia’s first Islamic digital bank, has officially launched in Malaysia on May 26. It’s the second digital bank to launch in Malaysia, following GXBank, which we’ve covered here. With over four decades of history in Malaysia, you likely recognise the AEON brand as the supermarket chain with outlets across the country. One of the five digital banking licence holders awarded by the Ministry of Finance and Bank Negara Malaysia, AEON Bank commenced operation early this year in January, offering Shariah-compliant digital financial solutions. At launch, AEON Bank is already offering quite the range of personal banking digital product…

KARACHI: The China-Pakistan Economic Corridor (CPEC) stands as a testament to the evolving landscape of international trade and economic cooperation. Spanning infrastructure projects, energy ventures, and economic zones, CPEC aims to bolster connectivity and development between China and Pakistan, while also potentially benefiting neighbouring regions. It is predicted that CPEC will result in the creation of upwards of 2 million direct and indirect jobs by 2030, and could add up to 2.5 percentage points to the country’s annual economic growth. At present, the estimated interest-based loan component of CPEC payable to Chinese commercial banks is around $10 billion, while bilateral…

AEON Bank, Malaysia’s first Islamic digital bank, has officially launched in Malaysia on May 26. It’s the second digital bank to launch in Malaysia, following GXBank, which we’ve covered here. With over four decades of history in Malaysia, you likely recognise the AEON brand as the supermarket chain with outlets across the country. One of the five digital banking licence holders awarded by the Ministry of Finance and Bank Negara Malaysia, AEON Bank commenced operation early this year in January, offering Shariah-compliant digital financial solutions. At launch, AEON Bank is already offering quite the range of personal banking digital product…

KARACHI: Saylani has decided to establish an Islamic school system for Muslim children in the US. For this purpose, a five-member education committee has been formed in Houston, Texas, comprising four members from Texas and one from Chicago. Additionally, Saylani outlets have been established at the Ayesha Mosque on Devon Avenue in Chicago and at the Faizan-e-Ayesha Mosque in New York. These details were announced by the founder and chairman of Saylani Welfare International Trust, Maulana Bashir Farooq Qadri, upon his return from a 21-day tour of the USA and Turkey, while speaking to Saylani CEO Madani Bashir Farooq Qadri…

The claim that the West’s operations against the Islamic extremist groups had succeeded was highly exaggerated and premature. Those who are at the forefront of the Islamic campaign see it as the effort to save their religion. They have found new reasons and tools to continue with their activities. The exceptionally bloody response to the Hamas attacks on Israel in October 2023 has destroyed the Gaza Strip and killed more than 35,000 Palestinians, most of them women and children. This has provided another reason for the Islamic extremists to continue with their operations. The March 2024 attack on a concert…

SHAH ALAM: Aeon Bank (M) Bhd officially launched its digital bank today, making it the first Islamic digital bank in Malaysia. Chief executive officer Raja Teh Maimunah Raja Abdul Aziz said the bank aims to offer safe, simplified and inclusive shariah-compliant digital banking solutions to all Malaysians, such as savings accounts, retirement savings plans, various borrowing options, and payment services. “This will allow us to offer financial services to our customers comprehensively. The purpose of our business is to bring finances closer to everyone, helping us achieve our mission,” she told a press conference in conjunction with the public launch…

A Sydney Islamic extremist who repeatedly refused to stand for four District Court judges during multiple criminal cases, including alleged attempted murder and car theft, is finally facing contempt of court charges.Last Friday Milad bin Ahmad-Shah al-Ahmadzai refused to stand for Judge Jane Culver then turned his back to pray and shouted at he during his sentencing for a ram raid. Picture: AAPMilad bin Ahmad-Shah al-Ahmadzai’s behaviour in court escalated since May 2014 when he refused to stand for District Court Judge Ian McClintock when pleading guilty to threatening to slit an ASIO officer’s throat.Last Friday he refused to stand…

Starting with personal banking services before moving on to small businesses Points can be converted to cash and credited to customer’s AEON Bank account AEON Bank (M) Bhd announced its public launch on 26 May, making its mark as Malaysia’s first Islamic digital bank. It joins GX Bank and Boost-RHB Digital Bank with two other digital banks yet to launch. The KAF Investment Bank consortium and, SEA Ltd-YTL Digital Capital consortium have not launched their services yet.AEON Bank is starting off with personal banking services such as Savings Account-i, Savings Pots with customisable optimisation features, budgeting tools, with more to…

LAHORE: In a momentous event that promises to deepen cultural ties and enrich the world of Islamic art, Muhammad Saad Al Rumihi, Chief Executive of the Qatar Islamic Art Museum, visited the Alhamra Art Museum Cultural Complex. The delegation was warmly welcomed by Chairman Alhamra Razi Ahmed and Executive Director Sarah Rashid, setting the stage for a fruitful collaboration between the two esteemed institutions.The visit was marked by an engaging discussion with high officials and members of the Alhamra Artists Council, where they delved into literary, cultural, and historical themes. This vibrant exchange highlighted the mutual dedication to preserving and…

Ammon News – The “Invest in Digital Economy” forum, organized by the Jordan Chamber of Commerce and the Islamic Chamber of Commerce and Development (ICCD), commenced on Sunday in Amman.Minister of Digital Economy and Entrepreneurship Ahmed Hanandeh inaugurated the event on behalf of His Majesty King Abdullah II. The forum’s objective is to establish institutional guidelines for advancing the digital economy in Jordan and other member countries of the Organization of Islamic Cooperation (OIC).Participants include government representatives, leading experts and researchers in the digital economy, international body representatives, senior business figures from OIC member states, and small investors specializing in…

LAHORE: In a momentous event that promises to deepen cultural ties and enrich the world of Islamic art, Muhammad Saad Al Rumihi, Chief Executive of the Qatar Islamic Art Museum, visited the Alhamra Art Museum Cultural Complex. The delegation was warmly welcomed by Chairman Alhamra Razi Ahmed and Executive Director Sarah Rashid, setting the stage for a fruitful collaboration between the two esteemed institutions. The visit was marked by an engaging discussion with high officials and members of the Alhamra Artists Council, where they delved into literary, cultural, and historical themes. This vibrant exchange highlighted the mutual dedication to preserving…

26 / 05 / 2024 – 13:51:48 The Minister of Foreign Affairs of Sudan has met with the Acting President of Iran. The Acting President pointed out the effective role of the martyred President and Minister of Foreign Affairs of our country in promoting the relations and cooperation of the Islamic Republic of Iran with the Islamic and neighbouring countries and stated, “This approach will continue as the basic strategy of the Islamic Republic of Iran”. Speaking in the meeting with Mr Hussein Awad, the Minister of Foreign Affairs of Sudan before noon this Sunday, Dr Mohammad Mokhber appreciated the…

Aeon Bank has officially launched today just days after opening registrations to the public. Aeon is one of the five successful Digital Bank licence holders awarded by Bank Negara Malaysia and it is the first Islamic Digital Bank to launch in Malaysia. Unlike your typical bank, a digital bank doesn’t have any physical branches as it operates fully online. Here are 8 things you need to know about Aeon Bank. First Islamic Digital Bank, open to all Malaysians Licensed under the Islamic Financial Services Act 2013 (IFSA) and regulated by Bank Negara Malaysia, Aeon Bank is Shariah-compliant and it is…

LAHORE, (UrduPoint / Pakistan Point News – 26th May, 2024) In a momentous event that promises to deepen cultural ties and enrich the world of Islamic art, Muhammad Saad Al Rumihi, Chief Executive of the Qatar Islamic Art Museum, visited the Alhamra Art Museum Cultural Complex here on Sunday. The delegation was warmly welcomed by Chairman Alhamra Razi Ahmed and Executive Director Sarah Rashid, setting the stage for a fruitful collaboration between the two esteemed institutions.The visit was marked by an engaging discussion with high officials and members of the Alhamra Artists Council, where they delved into literary, cultural, and…

KABUL(BNA): Former government officials, in a meeting with Governor Hafiz Mohammad Agha of Panjshir, expressed that the citizens of Afghanistan, particularly those hailing from Panjshir province, are expressing contentment with the policies and actions of the Islamic Emirate of Afghanistan. In the meeting, Mohammad Omar Zakhilwal, the former Minister of Finance of the previous government, countered rumors circulating abroad regarding the Islamic Emirate of Afghanistan. He asserted that the establishment of the Islamic system has fostered an atmosphere of unity and peace in Afghanistan, particularly in Panjshir, a change not previously witnessed. He further urged high-ranking ex-government officials to return…

Artificial Intelligence Takes Root in Extremist PropagandaFollowing aMarch terrorist attack in a concert hall near Moscow, the Islamic State celebrated the massacre of over 130 people through a video released online. This clip, running for just over ninety seconds, emulated the format of earlier propaganda but with a significant technological twist: it featured a reporter entirely created using artificial intelligence. With photorealistic appearance and voice, the AI reporter detailed the attack, framed not as an act of terrorism but as a consequence of conflict between Islamic State and those against Islam.The SITE Intelligence Group revealed that this video is part…

Saylani Trust founding chairman Maulana Muhammad Bashir Farooq addresses an event on February 11, 2024. — Facebook/Saylani Welfare International TrustThe non-profit Saylani Welfare International Trust has decided to internationalise its educational services by establishing an Islamic School System in the United States (US). This was disclosed by Saylani Trust Founder and Chairman, Maulana Bashir Farooq Qadri in a meeting with the chief executive officer of his non-profit Bashir Farooq Qadri and chief operating officer Muhammad Ghazzal on his return to Pakistan after a 21-day visit to the US and Turkiye.The Saylani Trust Chairman disclosed on the occasion that his non-profit…

For months, high school seniors attending Seattle Public Schools have been asking their teachers, principals, and school board leaders to change graduation dates in June. That’s because Eid Al-Adha, one of the biggest worldwide Islamic holidays, will coincide with the district’s graduation week.The dates of Eid al-Adha, or what students call “the big Eid,” are determined by the Islamic lunar calendar. This year, the holiday is expected to begin around June 16 and celebrations can last for about three days. Graduations for various Seattle high schools are scheduled between June 13 and June 18.“I feel like we sort of have…

TEHRAN- The second edition of Sobh International Media Festival came to an end with a ceremony in Tehran earlier this week, featuring artists, international guests, and officials from the Islamic Republic of Iran Broadcasting (IRIB).Mohsen Yazdi, the secretary of the event, opened the ceremony by explaining that the initial plan was to hold the event in a large hall, but due to the untimely death of President Raisi, the format was changed. For his part Peyman Jebelli, the head of the Islamic Republic of Iran Broadcasting (IRIB), said that they had agreed to have President Raisi as a special guest…

ISIS-style ‘Sar Tan Se Juda’ threat issued to the cast and crew of Hamare Baarah. The recent release of its teaser has ignited a firestorm of discussion and controversy. The film presents a bold narrative about the plight of Muslim women under fundamentalist Islamic patriarchy. The film talks about the uncomfortable reality of how Muslim women are treated as baby-making machines within their households in the name of religion. Therefore, the topic is hard-hitting and the bite-sized trailer captivated the attention of its audiences. However, it also drew the ire of Islamic radicals in the nation, who have released ISIS-inspired…

TEHRAN – Today marked the inaugural session of the General Assembly of the Islamic Revolution Faction within the Twelfth Iranian Parliament, where crucial elections were conducted to determine the interim leadership of the faction.Mosa Ghazanfarabadi, the representative from Bam in the Iranian Parliament, and Mahmoud Nabavian emerged as nominees for the interim presidency of the faction. Following the electoral process, Ghazanfarabadi secured the majority of votes, thus clinching the interim presidency of the Islamic Revolution Faction within the Twelfth Parliament. Moreover, Mohammad Saleh Jokar and Malek Shariati were designated as the interim vice presidents of the Islamic Revolution Faction, further…

TEHRAN –According to the latest data released by Scopus and Web of Science (WoS), Iran is placed among the top twenty nations in terms of medical science publications.The country is ranked 16 in Scopus and 17 in WoS. China and the United States are ranked first and second by both databases, respectively. The reports show that the number of Iranian articles has increased over the past years, and the number of articles indexed in Scopus is slightly higher than that of WoS. Moreover, the WoS database has reviewed Scientific productions of medical sciences in Iran in more detail over the last decade. Accordingly,…

TAJBank Limited, Nigeria’s fastest-growing non-interest bank, has reported a profit before tax (PBT) of N11.3 billion in its 4th year of operations, the best in the non-interest lending sub-sector of the banking industry in the year. The PBT of the multiple award-winning lender represents a 122.65 percent increase over the N5.08 billion PBT it reported in FY 2022. The bank, which had received the Payment Card Industry Data Security Standard (PCI DSS) certification in recognition of its globally recognised information security standards in all areas of its operations, also recorded 149.13 percent growth in gross earnings from N17.323 billion in…

As Cyclone Remal barrels toward Bangladesh, Islamic Relief emergency teams are helping vulnerable families in the path of the storm. It is feared that up to 8.4 million people could be affected by the super cyclone, which is expected to make landfall tonight (Sunday, 26 May 2024). They face winds reaching 75 miles per hour, storm surges of up to 5 feet, and heavy rainfall. To save lives, the government of Bangladesh has already evacuated thousands of individuals from coastal communities. It has opened 4,000 cyclone shelters, equipped with medical teams; made food and cash available to affected families; and…