Author: islamnewsday

The Kyiv Independent News, analyses, investigations, opinions, podcasts and more. On-the-ground reporting from Ukraine Russia has for the first time said Islamic State (IS) was behind the deadly terrorist attack on Moscow’s Crocus City Hall, but still claims Ukraine played a role in assisting the attackers, Russian media reported on May 24. Several gunmen opened fire at the Crocus City Hall in Krasnogorsk, a Moscow suburb, on the evening of March 22, killing at least 145 people and injuring more than 500 others. In comments reported by state-run RIA Novosti news agency, Alexander Bortnikov, the head of Russia’s Federal Security…

FinTechInvestmentTransportAyan Capital, an Islamic car finance platform for private hire vehicle drivers, is looking to raise up to £25 million in Series A debt and equity funding.  The London firm recently closed a £2.3m debt and equity seed round.  Ayan Capital gives UK drivers access to professional and business car financing of up to £50,000 that is fully compliant with Islamic finance principles, capturing the demand for such products among PHV drivers, the majority of whom – according to the company – are Muslim. In the long run, the FinTech startup aims to build a neobank focused on serving the…

Pakistan’s former Prime Minister, Imran Khan (right) along with his wife Bushra Bibi. Photo: AFP file Published: Thu 23 May 2024, 7:19 PM Last updated: Thu 23 May 2024, 10:24 PM The district and sessions court in Islamabad on Thursday reserved verdict in the ‘un-Islamic’ nikah case against Pakistan Tehreek-e-Insaf founder Imran Khan and former First Lady, Bushra Bibi, ARY News reported. The court will announce the judgement on May 29. According to ARY News, Judge Shahrukh Arjumand, who heard the case, reserved the verdict before leaving the courtroom for his chamber. The verdict was reserved after the court heard…

South Sudan on Thursday introduced Arabic language and Islamic Religious Education into the country’s educational system. Speaking during the launch of new textbooks in Juba, the capital, Hussein Abdelbagi Akol, the vice president in charge of the government’s service cluster, described the introduction of the new subjects in the national curriculum as a remarkable step toward a more inclusive education system. “The introduction of Arabic language and Islamic Religious Education into our education curriculum is a remarkable step toward a more comprehensive and inclusive education system.  “These core subjects which were previously missing in our new national curriculum will now…

The court will announce the judgement on May 29 (Wednesday). According to ARY News, Judge Shahrukh Arjumand, who heard the case, reserved the verdict before leaving the courtroom for his chamber. The verdict was reserved after the court heard arguments of lawyers from both sides. PTI counsel Usman Riaz Gul and the assistant counsel to (Bushra’s former husband) Khawar Maneka’s lawyer Rizwan Abbasi appeared before the court. As the hearing commenced, the assistant counsel informed the court that Abbasi had to present arguments and added that the record was not available, The Express Tribune reported. The judge then asked the…

In an ambitious move to bolster fraud prevention and accelerate digital transformation within the banking sector, Sharjah Islamic Bank (SIB) has joined the Haifin platform alliance. This marks SIB as the fourteenth member of the alliance, underscoring its dedication to enhancing risk management and reinforcing trust in lending practices, in line with the United Arab Emirates’ digital goals. By joining the Haifin platform, SIB highlights the critical role of collaboration in tackling banking sector challenges. The Haifin digital trade platform, supported by cutting-edge blockchain technology and artificial intelligence from e& Enterprise Fintech, enables SIB to adopt innovative practices aimed at…

Syed Sardar Ali Shah, Sindh minister for education Sindh speaks during the High-level Ministerial Dialogue organised by the Islamic Countries Educational, Scientific and Cultural Organization (ICESCO) in London on May 23, 2024. — Facebook/Sindh GovernmentSyed Sardar Ali Shah, Sindh minister for education Sindh, has emphasized the critical need for the consolidation of data from all Islamic countries to effectively address country-specific issues. He highlighted that without comprehensive data, efforts to improve education systems will not be fully effective.Shah’s remarks were made during the High-level Ministerial Dialogue organised by the Islamic Countries Educational, Scientific and Cultural Organization (ICESCO) in London, following…

Bank Muamalat, Fintech News, Fintech Solutions, Mambu, BackBase, Google Cloud, Fintech solutions, Payments Banking Technology, Malaysia, Fintech News, Fintech Solutions, Malaysia, Next-Gen Islamic Banking, Bank Muamalat has announced a long-term partnership with Backbase, the global engagement banking provider and Mambu for its core banking transformation. This partnership will support Bank Muamalat’s journey to revolutionize its digital Islamic banking offerings. Bank Muamalat leverages platform technology to innovate towards a unified Islamic digital banking experience, bridging silos and traditional banking practices. With the Backbase Engagement Banking Platform serving as the anchor platform, facilitating end-to-end processes, including onboarding, transactions, financing, and backend consumer…

The graduation ceremony for the flagship Islamic Finance Talent development program – Meezan Justuju, was held on Thursday at the Institute of Business Administration (IBA) in Karachi. Chairman IBA CEIF (Centre of Excellence in Islamic Finance) and ex-Governor State Bank of Pakistan – Dr. Ishrat Hussain, graced the occasion as the Chief Guest. Founding President & CEO Meezan Bank – Mr. Irfan Siddiqui, Deputy CEO Meezan Bank – Syed Amir Ali, Director IBA CEIF & Group Head Shariah Compliance, Meezan Bank – Mr. Ahmed Ali Siddiqui were also present at the ceremony. The Profit before Tax of the Islamic banking…

JAMAICA, NY / ACCESSWIRE / May 23, 2024 / Islamic Circle of North America (ICNA) will host its annual convention centered around the theme of unshakable faith: trusting the will of God on May 25th-27th. The event is expected to host more than 30,000 attendees and will feature a diverse group of speakers, workshops, and activities aimed at promoting unity and community building.The convention is open to all people and families who seek to strengthen their understanding and connection to the Islamic faith.Speakers and workshops will cover a range of topics, including but not limited to: Islamic principles, family dynamics,…

JAMAICA, NY / ACCESSWIRE / May 23, 2024 / Islamic Circle of North America (ICNA) will host its annual convention centered around the theme of unshakable faith: trusting the will of God on May 25th-27th. The event is expected to host more than 30,000 attendees and will feature a diverse group of speakers, workshops, and activities aimed at promoting unity and community building.The convention is open to all people and families who seek to strengthen their understanding and connection to the Islamic faith.Speakers and workshops will cover a range of topics, including but not limited to: Islamic principles, family dynamics,…

People wait for their turn to withdraw money outside a bank in Islamabad. —AFP/FileKARACHI: Pakistan’s Islamic finance industry is facing a growing need for qualified professionals due to rising demand and a deadline set by the Federal Shariah Court for a complete shift to an Islamic finance system by 2027, bankers said on Thursday. These remarks were made at the Institute of Business Administration (IBA) during the graduation ceremony for the flagship Islamic Finance Talent development program – Meezan Justuju.The profit before tax of the Islamic banking industry surpassed Rs393.4 billion during the August to December quarter of 2023. With…

Nigeria’s army has rescued hundreds of hostages, mostly women and children, who had been held captive for months or years by radical Islamic terrorists from the extremist group Boko Haram.  International Christian Concern is confirming reports that 209 children, 135 women, and six men were rescued from the clutches of Boko Haram this week.  The hostages were rescued in a dayslong military operation in the northeast part of Nigeria after being discovered in a terrorist hideout in Sambisa Forest. That forest reserve stretches along the border with Cameroon and Niger, giving Islamic jihadists like Boko Haram and similar factions a…

  South Sudan on Thursday introduced Arabic language and Islamic Religious Education into the country’s educational system. Speaking during the launch of new textbooks in Juba, Hussein Abdelbagi Akol, the vice president in charge of the government’s service cluster, described the Introduction of the new subjects in the national curriculum as a remarkable step toward a more inclusive education system. “The Introduction of Arabic language and Islamic Religious Education into our education curriculum is a remarkable step toward a more comprehensive and inclusive education system,” he said. “These core subjects which were previously missing in our new national curriculum will…

Shafaq News / On Thursday, the Islamic Resistance in Iraq (IRI) declared that they targeted a vital target in Eilat using drones.IRI commonly refers to Tehran’s military allies in Iraq, such as Kata’ib Hezbollah and Harakat Al-Nujabaa; it is a part of the “Axis of Resistance” alongside Lebanon’s Hezbollah, Yemen’s Ansarallah (Houthis), and other Iran-backed factions.IRI stated, “Continuing our approach in resisting the occupation, supporting our people in Gaza, and in response to the massacres committed by the usurping entity against Palestinian civilians, including children, women, and elderly, the fighters of the Islamic Resistance in Iraq struck the enemy’s strongholds…

Muslims can now enjoy meat without the worries of being lied to about its halal status, and if there is deception, sellers can legally face the consequences. At the Federal Way City Council meeting May 7, District 30 State Sen. Claire Wilson, D-Federal Way, highlighted the new Halal Food Consumer Protection Act. Wilson teamed up with local members of the Islamic Center of Federal Way to sponsor the legislative bill, which was signed into law on March 25 by Gov. Jay Inslee. The bill makes it illegal for people to knowingly prepare or sell foods falsely described as halal. Halal…

“Sedigheh Vasmaghi is a very special symbol of resistance in Iran. She has challenged the system to its very core,” writes Ali Sadrzadeh. “With all that she does and how she does it, she has succeeded in earning a great deal of respect across many borders. And that is what makes her so dangerous” (image: Steven Quigley) With her work, Iranian feminist and legal scholar Sedigheh Vasmaghi is putting an end to male dominance in Islamic jurisprudence, striking at the very heart of the Islamic Republic. By Ali Sadrzadeh Link Share Print Is this woman really so dangerous? The scene…

  The National Universities Commission NUC has approved 13 new undergraduate and postgraduate programmes to be run by Kwara State University, Malete, in North Central Nigeria. The approval, which was contained in a letter to the Vice-Chancellor, was signed by the Acting Director of Academic Planning of the NUC, Abubakar Girei, on behalf of the Acting Executive Secretary of the Commission. Two of the programmes are at the undergraduate level while the other eleven are postgraduate programmes. The approved undergraduate programmes are B.HIM Health Information Management and B.Sc. Development Studies while the postgraduate programmes include LL.M and Ph.D. in Common…

Islamic banks have been particularly industrious in their efforts to integrate an environmental, social and governance focus into their core strategy and operations.One bank that successfully focused on this last year was Abu Dhabi Islamic Bank, which offered an impressive range of ESG-related activities, projects and initiatives across its internal operations, as well as in its support for retail customers and corporate clients.The positive impact of these initiatives sees ADIB named as Euromoney’s best Islamic bank for ESG. Its acting group chief executive is Mohamed Abdelbary.At the heart of this activity is the bank’s three-year ESG strategy, which sets a…

Noorul Haq Qadri, Allama Raja Nasir Abbas and Sahibzada Hamid Raza calls court’s verdict a ‘malicious conspiracy’ Religious scholars and muftis from various schools of thought have collectively denounced the convictions of Pakistan Tehreek-e-Insaf (PTI) founder Imran Khan and his wife Bushra Bibi in the Iddat case, calling the court’s decision contrary to Islamic principles and a malicious conspiracy. In a video statement released on Thursday, former federal minister for religious affairs Pir Noorul Haq Qadri, Majlis Wahdat al-Muslimeen Pakistan President Allama Raja Nasir Abbas Jafari, and Sunni Ittehad Council Chairman Sahibzada Hamid Raza expressed their unanimous view that the…

By Delisha Fernandes Today Core Banking Financial Institutions fintech MENA Tuum, a next-generation core banking provider, and DDCAP Group™ (DDCAP) have partnered to offer a pre-integrated FinTech solution to enhance the end-to-end trade execution and processing of Sharia-compliant transactions. From the partnership, DDCAP and Tuum clients will gain the ability to migrate legacy, automated trade execution and post-trade support services for Sharia-compliant financing and other credit products via a seamlessly integrated offering made available exclusively through the Tuum core banking solution in partnership with DDCAP’s ETHOS AFP™ (ETHOS). “DDCAP is very excited by this strategic partnership. Both we and Tuum…

Ayan Capital, an Islamic car finance platform tailored for private hire vehicle (PHV) drivers, seeks to raise up to £25 million in Series A debt and equity funding. This new funding round follows the successful closure of a £2.3 million debt and equity seed round.Ayan Capital provides UK drivers with access to professional and business car financing up to £50,000, fully compliant with Islamic finance principles. This service targets the significant demand for such products among PHV drivers, the majority of whom are Muslim. In the long term, the fintech startup aims to establish a neobank dedicated to serving the…

Streaks of Light Seen in California. (Photo Credits: Video Grab) Islamabad [Pakistan], May 23 (ANI): The district and sessions court in Islamabad on Thursday reserved verdict in the ‘un-Islamic’ nikah case against Pakistan Tehreek-e-Insaf founder Imran Khan and former First Lady, Bushra Bibi, ARY News reported.The court will announce the judgement on May 29 (Wednesday).Also Read | RuPay Service in Maldives: South Asian Country To Launch India’s Payment Service System That Will Bolster ‘Maldivian Rufiyaa’ Amid Tense Bilateral Ties.According to ARY News, Judge Shahrukh Arjumand, who heard the case, reserved the verdict before leaving the courtroom for his chamber. The…

ANI | Updated: May 23, 2024 20:04 IST Islamabad [Pakistan], May 23 (ANI): The district and sessions court in Islamabad on Thursday reserved verdict in the ‘un-Islamic’ nikah case against Pakistan Tehreek-e-Insaf founder Imran Khan and former First Lady, Bushra Bibi, ARY News reported.The court will announce the judgement on May 29 (Wednesday).According to ARY News, Judge Shahrukh Arjumand, who heard the case, reserved the verdict before leaving the courtroom for his chamber. The verdict was reserved after the court heard arguments of lawyers from both sides.PTI counsel Usman Riaz Gul and the assistant counsel to (Bushra’s former husband) Khawar…

Home » General » Appointment of Dr. Khalid Khalafalla as Officer-in-Charge of Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) Posted By: May 23, 2024 The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) (http://ICIEC.IsDB.org), a Shariah-based multilateral insurer and a member of the Islamic Development Bank (IsDB) Group is pleased to announce the appointment of Dr. Khalid Khalafalla as Officer-in-Charge, effective 19 May 2024. Dr. Khalafalla brings a wealth of experience and expertise to this role, having served in various capacities within the Islamic Development Bank (IsDB) Group. Most recently, he was the…