Author: islamnewsday
Fri 31 May 2024 | 01:34 PM Prime Minister of Spain receives the Ministerial Committee assigned by the Joint Arab Islamic Extraordinary Summit on Gaza The Prime Minister of the Kingdom of Spain Pedro Sánchez received the members of the ministerial committee assigned by the Joint Arab-Islamic Extraordinary Summit under the chairmanship of His Highness Prince Faisal bin Farhan bin Abdullah, Minister of Foreign Affairs of the Kingdom of Saudi Arabia and in the presence of His Excellency Sheikh Mohammed bin Abdulrahman Al Thani, Prime Minister and Minister of Foreign Affairs of the State of Qatar, His Excellency Dr. Mohammed…
Jakarta (ANTARA) – The Religious Affairs Ministry has said that offering interfaith greetings is a good practice to maintain religious harmony, and their use must not be discouraged.The ministry’s director general of Islamic community guidance, Kamaruddin Amin, said that interfaith greetings have become a medium to propagate peace, which is taught in every religion, and enhance relations between people from different religions.”Interfaith greetings is a good practice for religious harmony. It is not an attempt to syncretize religious doctrine. The people know that one’s faith is the matter of each individual and, sociologically, interfaith greetings strengthen harmony and tolerance,” Amin…
Eid al-Adha, one of the two major Islamic festivals, (the other being Eid al-Fitr) honours the willingness of Prophet Abraham (Peace Be Upon Him) to sacrifice his son, Ismaeel, as an act of obedience to God’s command.However, just when Abraham (Peace Be Upon Him) was all set to sacrifice his son, with all of his unwavered commitment, God provided him with a lamb to sacrifice in his son’s place. In commemoration of this intervention, animals such as lambs, goats & camels are sacrificed on this Eid followed by distribution of the sacrificial meat amongst relatives, friends and poor, with a provision to retain…
After the appointment of Professor Naima Khatoon as Vice Chancellor of Aligarh Muslim University, regrettably, some narrow-minded individuals began criticizing her based solely on her gender. Their misguided beliefs insinuated that being a woman somehow disqualified her from effectively leading the institution. Rather than acknowledging Prof. Khatoon’s extensive experience and expertise, detractors have chosen to focus on her gender as a supposed limitation. Gender should never be the deciding factor in determining one’s capabilities or opportunities. Women, like men, have the right to pursue their ambitions and contribute to society in any field they choose. Women have the right to…
by Naharnet Newsdesk 31 May 2024, 15:30 Rescuers affiliated with Hezbollah said a medic was killed and another wounded on Friday in an Israeli strike on one of their ambulances in south Lebanon. Hezbollah, a Hamas ally, has traded regular cross-border fire with Israel since the Palestinian militant group’s October 7 attack on southern Israel triggered war in the Gaza Strip. “An Israeli drone strike targeted an ambulance… One rescuer was martyred and another wounded” in the border town of Naqoura, the operations room of the Hezbollah-affiliated Islamic Health Committee told AFP. Lebanon’s state-run National News Agency also said “an…
WASHINGTON — A bipartisan group of lawmakers introduced legislation Friday targeting Iranian officials involved in the prosecution and death sentence of a rapper who came to fame for his lyrics about the 2022 death of an Iranian woman and his criticism of the Islamic Republic.The proposal would impose sanctions on the judges, prosecutors and investigators of Iran’s Revolutionary Courts in response to Tehran’s continuing crackdown against dissenters — including rapper Toomaj Salehi — after years of mass protests in the country. It would also codify into law that the U.S. views any judgments issued by Iran’s courts against political prisoners…
CBY governor issues decision to prohibit dealing with number of entities practicing banking business in violation of law [31/May/2024] SANA’A May 31. 2024 (Saba) – The Governor of the Central Bank of Yemen (CBY) issued today Resolution No. (4) of 1445 AH regarding the prohibition of dealing with a number of entities practicing banking business in violation of the law.The resolution reads as follows:Governor of the Central Bank of Yemen:After perusal of Law No. (14) of 2000 Concerning the Central Bank of Yemen and its AmendmentsLaw No. (38) of 1998 on banksLaw No. (21) of 1996 on Islamic Banks, as…
Baghdad – Iraq executed eight people convicted of “terrorism”, a security source and health official said Friday, the third such group put to death in the country in little over a month. Courts have handed down hundreds of death and life sentences in recent years to Iraqis convicted of “terrorism”, in trials that rights groups have denounced as hasty. Under Iraqi law, terrorism and murder offences are punishable by death, and execution decrees must be signed by the president. A security source said eight Iraqis “convicted of terrorism and of being members of the Islamic State group were executed by…
JAKARTA – The UFC lightweight division grand match will bring together two world-class fighters, Islam Makhachev who will challenge Dustin Poirier. The duel was held on Sunday, June 2, 2024, in New Jersey, United States.Before dealing with Dustin Poirier, Makhacev first defeated Alexander Volkanovski twice through a head kick.From that fight, Makhachev also managed to defend the UFC lightweight title twice until he was nicknamed the Lightweight King.In the opposing camp, Dustin Poirier also cannot be taken lightly. The reason is, Poirier holds a record nine-time KO/TKO victory which is the highest achievement in history in the UFC lightweight division.He…
A tour of Islamic architecture in Toronto found in the most unlikely places When she was an architecture student, Safoura Zahedi learned almost nothing about Islamic design. “There was maybe one PowerPoint slide on the topic,” she says. “The instructor said that, unlike in Christian architecture, Islamic designers didn’t depict icons. They worked with geometry instead.” The images were abstractions, not renderings of the actual world. The professor’s treatment of the subject was not just cursory but also inaccurate. During the Islamic Golden Age – a period of intellectual ferment between the 8th and 13th centuries – scholars viewed geometry…
A shooting attack aimed at the Israeli community of Bat Hefer on Wednesday has led to concerns that terrorist groups are stepping up operations in the West Bank. These types of attacks have spread over the last year. They began with the Islamic Jihad in Jenin and also with other armed groups in Nablus, but they have now spread across the northern West Bank. A ramming attack killed two soldiers in the West Bank near Nablus on Thursday.It’s important to see the elephant in the room here. The attacks on Bat Hefer are part of a growing number of…
Key Insights Every investor in Abu Dhabi Islamic Bank PJSC (ADX:ADIB) should be aware of the most powerful shareholder groups. With 46% stake, retail investors possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And last week, retail investors endured the biggest losses as the stock fell by 3.7%. Let’s take a closer look to see what the different types of shareholders can tell us about Abu Dhabi Islamic Bank PJSC. Check out our latest analysis for Abu Dhabi Islamic Bank PJSC…
The ‘S’ in ESG (environmental, social and governance) often takes a back seat to the other two pillars. However, the pandemic and recent existential threats of inequality and polarisation have thrust it into the limelight, emphasising its critical importance in keeping the social fabric worldwide intact. In the quest to address these societal challenges, securing adequate capital is essential to making impactful progress. According to Oxfam’s estimates, ending extreme hunger requires annual investments of US$37bil until 2030. Additionally, a further US$525bil, equivalent to 0.7 percent of global gross domestic product (GDP), must be committed every year to construct 300 million…
Environmental, social and governance (ESG) considerations are now at the forefront of investment decision-making, prompting a convergence with Islamic finance, a sector that has long prioritised ethical and socially responsible practices. The Star reported (May 9) that Malaysia will remain the biggest Islamic banking market in Asia-Pacific, accounting for about two-thirds of the sector’s total assets of about US$400bil. Rizal: AZAM represents the latest offering from Alliance Islamic Bank’s social financing model. It combines the principles of Islamic finance and social impact to uplift and empower the asnaf community.In a statement by S&P Global Ratings, the credit rating agency said…
By Anna IrreraLONDON (Reuters) -Wahed Inc, a U.S.-based Islamic-finance fintech startup backed by Saudi Aramco, will acquire Niyah Ltd, a British company that runs a digital banking app designed for the Muslim community, the companies said on Thursday.Wahed hopes the acquisition will enable it to broaden its offering and eventually become a one-stop-shop for Islamic law-compliant digital financial products and services, it said.The financial terms of the deal were not disclosed.Launched in 2017, Wahed runs an online investment management platform in the United States which ensures its portfolio does not include investments in companies in restricted sectors such as gambling,…
The home of accused ISIS supporter Jibreel Pratt, 25, on May 28, 2024, in Detroit, Michigan. (Clarence Tabb Jr./The Detroit News/TNS) DETROIT (The Detroit News/TNS) — A Detroit man pledged allegiance to the Islamic State, pitched himself as the terror group’s next-generation leader and vowed to help kill as many non-Muslims as possible during a series of incriminating messages he unwittingly exchanged with an FBI informant, according to federal prosecutors. Jibreel Pratt, 25, stockpiled weapons and battlefield gear, tried to obtain advanced missile technologies and acquire explosive devices — including suicide drones, and remote-controlled cars, prosecutors alleged. He also offered…
YEREVAN, MAY 31, ARMENPRESS. Iranian politician Ali Larijani, a prospective heavyweight candidate, jumped into the presidential contest after submitting his application on Friday, Tasnim news agency reports. The registration process for the 14th round of Iran’s presidential election got underway at the Interior Ministry headquarters in Tehran on Thursday. On Friday morning, Ali Larijani registered as a presidential hopeful, arousing enthusiasm amongst his supporters, the report adds. The sophisticated official has had many posts after the victory of the Islamic Revolution, serving as the Minister of Culture, President of the Islamic Republic of Iran Broadcasting, member of the Expediency Council,…
A couple of weeks ago, we explained why non-Muslims should tap into the Islamic fintech space. It’s projected to grow to US$128 billion (RM536 billion) by next year and will be worth about US$5 trillion by 2030, based on our Ministry of Communications’ report. The truth is that despite its name, Islamic fintech is actually agnostic in nature. But how so? We got to hear the explanation from experts in the industry during NEXEA’s recent Disrupt Invest Summit. Ruslena Ramli, the Director of Digital Finance and Islamic Digital Economy at MDEC, moderated the stage and picked the brains of: How…
AS Malaysia pursues its goal of achieving high-income status, the nation confronts a spectrum of complex policy objectives. Key among these is fostering robust economic growth to elevate household incomes and expand the middle class. Simultaneously, Malaysia is tasked with addressing the pressing challenges of climate change and environmental sustainability. These critical priorities are highlighted in the 12th Malaysia Plan and the Madani Economy framework, necessitating substantial investments and mobilising public and private capital. Traditional economic policies have not fully addressed social development and justice. In Malaysia, Islamic finance has taken centre stage toward contributing to meaningful socioeconomic impact. The…
Home » Diplomacy » Spanish PM meets Arab-Islamic delegation for Gaza Posted By: Gopi May 29, 2024 Madrid, May 30 (SocialNews.XYZ) 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…
By (Wam) Published: Tue 30 Jul 2013, 2:00 AM Last updated: Sat 4 Apr 2015, 9:18 AM As patron of the Award, Shaikh Mohammed welcomed the prominent Indian scholar at Zabeel Palace and presented him with the honour. Shaikh Mohammed congratulated Dr Naik for adopting calm dialogue, proof-based method of persuasion in preaching and promoting Islam as a religion of mercy and tolerance.Shaikh Mohammed marvelled at Dr Naik’s intellectual and spiritual merits which enable him to memorise and interpret the Holy Quran. He also praised him for deep understanding of the divinely-revealed Books and for his valuable books.Dr Naik paid…
KUALA LUMPUR, May 31 ― Shared prosperity. Inclusiveness. Anti-profiteering. Fair, ethical and sustainable trade. Advertising Advertising These are what advocates of the Islamic economy say are the core tenets of an egalitarian economic system that is guided by the “higher goals” of shariah (maqasid shariah) which puts preservation of life, social well-being and environmental protection above profits. Maqasid is Arabic for objective or purpose and Islamic economists say the overarching aims of the shariah is achieving public good and preventing harm to individuals and society. So why is Islamic economics still ancillary to conventional free-market theories that are centralised on…
The deadly Israeli bombings on Sunday May 26, 2024 against a displaced persons camp in Rafah left at least 45 dead and 249 injured, according to local authorities. Since then, Israel has pleaded the tragic mistake, but this attack infuriated Cairo. At the heart of the negotiations since October 7, 2023, Egypt is trying as best it can to make its voice heard for a two-state solution. Caught between its trade agreements and the anger of the streets, al-Sissi’s government is trying to have it both ways. For its part, Turkey, which broke off all commercial relations with Israel a…
A couple of weeks ago, we explained why non-Muslims should tap into the Islamic fintech space. It’s projected to grow to US$128 billion (RM536 billion) by next year and will be worth about US$5 trillion by 2030, based on our Ministry of Communications’ report. The truth is that despite its name, Islamic fintech is actually agnostic in nature. But how so? We got to hear the explanation from experts in the industry during NEXEA’s recent Disrupt Invest Summit. Ruslena Ramli, the Director of Digital Finance and Islamic Digital Economy at MDEC, moderated the stage and picked the brains of: How…
Zubair Qureshi Former Executive Director of LokVirsa and eminent researcher and academician, Uxi Mufti on Thursday paid rich tributes to Maj Gen (R) Muhammad Tahir for penning down a book on Islamic Sufism tracing its origin and evolution and advocating its contribution to spread of Islam in various parts of the world. He was addressing as Chief Guest the book launching ceremony. Former Chairman of the Pakistan Academy of Letters (PAL) and the senior renowned Urdu poet IftikharArif presided over the ceremony. The book launch organized by the Nazriya Pakistan Council (NPC) at the Aiwan-e-Quaid, Fatima Jinnah Park was…