Author: islamnewsday
TAJBank Limited has won the Islamic Finance News’ ‘Best Islamic Bank in Nigeria 2023’, beating other nominees from across the global geopolitical zones in the competition. This is according to a statement by TAJBank’s Founder/CEO, Hamid Joda, on Monday in Abuja. ”TAJBank had since inception won the BusinessDay Newspaper’s ‘Islamic Bank of The Year’ awards for 2021, 2022 and 2023, and before then, it also clinched the Leadership Newspapers’ ‘Bank Of The Year Award’ in 2020,” he said. The IFN’s organising committee explained that TAJBank received the award for its superior value-adding, world-class products, and innovative service delivery to non-interest banking…
OGHI, (Parliament Times) : Bank of Khyber (BoK) conducted awareness seminars in Battagram, and Oghi on the operations and services of Islamic banking. These seminars were held in the bank’s Islamic branches; Hazara University Sub-Campus, Battagram, and Govt. Boys High School, Oghi, and provided a detailed overview of Islamic banking principles and practices, as well as the specific products and services offered through BoK. Abdul Samad, BoK Shariah Resident Board Member; Muhammad Zahid Khan, Islamic Banking Area Manager Islamabad & Hazara Region; Adeel Khan, Officer Islamic Liability Business Division, Abdul Basit, Officer Islamic Banking Product Development, as well as Branch…
KABUL (BNA): In a devastating incident, the President of the Islamic Republic of Iran, Ayatollah Seyed Ebrahim Raisi, along with Foreign Minister Dr. Hossein Amir Abdollahian and Tabriz Juma Imam Hajjat al-Islam Al Hashem, tragically lost their lives in a helicopter crash. The news has left the Islamic Emirate of Afghanistan and the Afghan people deeply saddened and affected by the untimely demise of these Iranian top political figures. Expressing profound grief, the Prime Minister of the Islamic Emirate of Afghanistan, Mullah Mohammad Hasan Akhund extended his condolences to the Islamic Republic of Iran and its citizens. The Afghanistan…
The President of Islamic Republic of Iran Seyyed Ebrahim Raisi during the meeting with Secretary-General Antonio Guterres UN Headquarters.Lev Radin | Lightrocket | Getty ImagesAll eyes are now on what comes next for the Middle Eastern power, which is home to nearly 90 million people and whose government backs a number of regional armed proxy groups including Gaza’s Hamas, Lebanese Shia militia Hezbollah, and Yemen’s Houthis.Some analysts expect a fair degree of continuity, while also noting that this could present an opening for Iran’s powerful Islamic Revolutionary Guard Corps (IRGC) to gain even more control over the country’s political direction.”This…
Powered by Backbase Engagement Banking Platform, Bank Muamalat aims to launch a revolutionary Islamic Banking Super App KUALA LUMPUR, MALAYSIA – 20 May 2024 – In a strategic move towards becoming a leading, next-generation digital Islamic Bank for all, Bank Muamalat Malaysia Berhad (Bank Muamalat) has announced a long-term partnership with Backbase, the global leader in Engagement Banking. This collaboration, together with Mambu for its core banking transformation, marks a significant milestone in Bank Muamalat’s journey to revolutionize its digital Islamic Banking offerings. Driven by their mission and the desire to create an unmatched customer-centric experience, Bank Muamalat leverages platform…
The new president will be elected in 50 days and run the country for four years.May 20, 2024, 6:28 AM ET• 4 min readLONDON — With the news of Iranian President Raisi’s death in a helicopter crash confirmed, Iran’s first vice president, Mohammad Mokhber, will take over with the supreme leader’s approval, based on Article 131 of the Islamic Republic’s constitution.The article also clarifies that a council consisting of the head of the legislation, the head of the judiciary and the vice president must coordinate choosing a new president within 50 days.In a statement issued Monday, Iranian Supreme Leader Ayatollah…
Ebrahim Raisi, the ultraconservative cleric whose tenure as Iran’s President was marked by a mass uprising and an increasingly hawkish stance toward the West, has died after a helicopter crash. He was 63.The President’s helicopter went down on May 19 in the northwest of the country, state media said. His death, along with that of Foreign Minister Hossein Amirabdollahian who was travelling with him, was confirmed on May 20 by the semi-official Mehr news agency. The news comes as Iran struggles with internal dissent and its relations with the wider world.Raisi, who won the election in 2021 to become the…
AFP NewsSpain recalls its ambassador to Argentina over ‘insult’Spain said Sunday it was recalling its ambassador from Buenos Aires after Argentine President Javier Milei, speaking at a far-right gathering in Madrid, called Spanish Prime Minister Pedro Sanchez’s wife “corrupt”.The European Union also stepped into the row, its foreign policy chief Josep Borrell condemning Mile’s remarks.The anti-establishment Argentine was the star speaker at a meeting of global far-right leaders organised by Spain’s Vox party, which also featured Italy’s Giorgia Meloni and France’s Marine Le Pen.During his speech, Milei referred to Sanchez’s wife, Begona Gomez, as a “corrupt woman”. He did not identify…
DUBAI, United Arab Emirates (AP) — Iranian President Ebrahim Raisi and the country’s foreign minister were found dead Monday hours after their helicopter crashed in fog, leaving the Islamic Republic without two key leaders as extraordinary tensions grip the wider Middle East. Supreme Leader Ayatollah Ali Khamenei, who has the final say in the Shiite theocracy, quickly named a little-known vice president as caretaker and insisted the government was in control, but the deaths mark yet another blow to a country beset by pressures both at home and abroad. Iran has offered no cause for the crash nor suggested sabotage brought down…
KOLKATA: Prime Minister Narendra Modi on Sunday accused the West Bengal Chief Minister of ‘succumbing to Islamic fanatics’ and maligning the saints of iconic institutions who are engaged in human services. PM Modi said the appeasement politics is prompting Trinamool Congress to malign and threaten iconic institutions like Ramakrishna Math & Ramakrishna Mission, Bharat Sevashram Sangha and ISKCON. “From this platform, I am directly accusing the Chief Minister of succumbing to the Islamic fanatics and maligning the saints of these iconic institutions who are engaged in human services. Trinamool Congress is also maligning the Ram Mandir. How long will the…
Emergency and security personnel inspect the site of strikes which hit a building next to the Iranian embassy in Syria’s capital Damascus, on April 1. Louai Beshara/AFP/Getty ImagesThe death of Iran’s president and foreign minister in a helicopter crash on a remote mountainside comes at an especially fraught moment in the Middle East – and for Iran domestically.Israel’s war against Hamas and the subsequent humanitarian catastrophe that has unfolded in Gaza over the last seven months has inflamed global opinion and sent tensions soaring across the Middle East. It has also brought a decades-long shadow war between Iran and Israel out…
What next for Iran after President Raisi’s death?Ebrahim Raisi stood close to the pinnacle of power in the Islamic Republic and was widely tipped to rise to its very top.A dramatic turn dealt him a different hand.His death in a helicopter crash on Sunday has upended the growing speculation over who will eventually replace the 85-year-old Supreme leader, Ayatollah Ali Khamenei, whose own health has long been the focus of intense interest.The tragic fate of Iran’s hardline president is not expected to disrupt the direction of Iranian policy or jolt the Islamic Republic in any consequential way.But it will test…
In this photo provided by Moj News Agency, rescue team members carry the body of a victim after a helicopter carrying Iranian President Ebrahim Raisi crashed in Varzaghan in northwestern Iran, Monday, May 20, 2024. Raisi, the country’s foreign minister and several other officials were found dead on Monday, hours after their helicopter crashed in a foggy, mountainous region of the country’s northwest, state media reported. (Azin Haghighi, Moj News Agency via AP) DUBAI, United Arab Emirates (AP) — Iranian President Ebrahim Raisi, the country’s foreign minister and several other officials were found dead on Monday, hours after their helicopter…
In this photo provided by Moj News Agency, rescue team members carry the body of a victim after a helicopter carrying Iranian President Ebrahim Raisi crashed in Varzaghan in northwestern Iran, Monday, May 20, 2024. Raisi, the country’s foreign minister and several other officials were found dead on Monday, hours after their helicopter crashed in a foggy, mountainous region of the country’s northwest, state media reported. (Azin Haghighi, Moj News Agency via AP) DUBAI, United Arab Emirates (AP) — Iranian President Ebrahim Raisi, the country’s foreign minister and several other officials were found dead on Monday, hours after their helicopter…
By David Averre and Stephen M. Lepore 09:46 20 May 2024, updated 11:36 20 May 2024 Share or comment on this article: Raisi, 63, was confirmed dead alongside Iran’s foreign minister and seven othersIran is yet to provide any details surrounding the crash beyond poor weather Israeli officials have declared they had nothing to do with the devastating helicopter crash that killed Iranian President Ebrahim Raisi yesterday. Raisi, 63, was confirmed dead by Iranian media today along with Foreign Minister Hossein Amir Abdollahian, Governor of Eastern Azerbaijan province Malek Rahmati and Tabriz’s Friday prayer Imam Mohammad Ali Alehashem.Two pilots and three other Iranian officials…
This is according to a statement by TAJBank’s Founder/CEO, Hamid Joda. “TAJBank had since inception won the BusinessDay Newspaper’s ‘Islamic Bank of The Year’ awards for 2021, 2022, and 2023 and before then it also clinched the Leadership Newspapers’ ‘Bank Of The Year Award’ in 2020,” he said. The IFN’s Organising Committee explained that the Best Islamic Bank in Nigeria 2023 was conferred on TAJBank in recognition of its superior value-adding, world-class products, and innovative service delivery to non-interest banking customers globally. In his acceptance speech, Joda commended the IFN’s Committee for the global recognition. The CEO expressed the Board…
Emirates Islamic revamps Visa Signature credit card for UAE Nationals. Source: Shutterstock.com Emirates Islamic has revamped its Emarati Visa Signature Credit Card with a new artistic design. The Emarati Visa Signature Credit Card has been designed in collaboration with Emarati painter Mattar bin Lahej. The card has been designed utilising Mattar’s self-created ‘Mattar Font’, featuring the phrase ‘Aishi Biladi’ the opening words of the UAE National anthem. Mohamed Al Hadi, Acting Head of Retail Banking and Wealth Management, Emirates Islamic, said: “We are delighted to collaborate with artist Mattar bin Lahej to lend his creative vision in crafting an iconic…
INA- BaghdadThe Islamic Dawa Party, on Monday, extend condolences on the death of the President of the Islamic Republic of Iran, Ebrahim Raisi, the Foreign Minister, Hossein Amir-Abdollahian, and their companions.The Islamic Dawa Party political office said in a statement, received by the Iraqi News Agency (INA): “we express our deepest condolences and the most sincere feelings of sorrow over the martyrdom of the the President of the Islamic Republic of Iran, Ibrahim Raisi, and Foreign Minister Hossein Amir Abdollahian and a number of officials in the helicopter crash carrying them in northern Iran. The statement added that” Raisi served the…
ISLAMABAD (AP) — The Islamic State group has claimed responsibility for an attack on foreigners in central Afghanistan last week in which three Spanish citizens and three Afghans were killed.Seven people were wounded in the attack on Friday in on Bamiyan province, a major tourist area, according to Abdul Mateen Qani, a spokesman for the interior minister. He said seven suspects were arrested at the scene.The Islamic State group issued statements on its Aamaq news agency late Sunday that said IS fighters attacked a bus carrying tourists and their guides. “The attack was in response to the IS leaders’ directions…
KUALA LUMPUR, May 20 (Bernama) — The death of Iranian President Ebrahim Raisi and his Foreign Minister, Dr Hossein Amirabdollahian in the helicopter crash on Sunday is a great loss to the world of Islamic leadership and the people of Iran, said Foreign Minister Datuk Seri Mohamad Hasan. He expressed sorrow over the news of the demise of Raisi, Amirabdollahian and other passengers in the helicopter crash that occurred in the mountainous region of northwestern Iran. Mohamad said the last time he met Amirabdollahian was during the United Nations Security Council (UNSC) Ministerial-Level Open Debate in New York in January and had a…
Bank Muamalat Malaysia has announced a strategic partnership with digital banking software provider Backbase to advance its digital Islamic banking services. The bank aims to innovate and streamline its banking services by leveraging the Backbase Engagement Banking Platform. This platform will support various banking processes, including onboarding, transactions, financing, and backend consumer services. Bank Muamalat plans to launch its own digital Islamic banking ‘super app’, designed to offer personalised and secure customer experiences. The new super app will enhance Bank Muamalat’s retail banking solutions and cater to diverse consumer needs beyond traditional banking services. Future plans include extending these innovations…
TAJBank Limited, Nigeria’s fastest-growing non-interest banking services provider, has won the Islamic Finance News’ (IFN’s) “Best Islamic Bank in Nigeria 2023”, beating other nominees from across the global geopolitical zones in the competition. This is according to a statement by TAJBank’s Founder/CEO, Mr Hamid Joda on Monday in Abuja. ”TAJBank had since inception won the BusinessDay Newspaper’s ‘Islamic Bank of The Year’ awards for 2021, 2022 and 2023 and before then it also clinched the Leadership Newspapers’ ‘Bank Of The Year Award’ in 2020,” he said. The IFN’s Organising Committee explained that the Best Islamic Bank in Nigeria 2023 was…
Iranians around the world are celebrating the disappearance and possible death of Iran President Ebrahim Raisi’s after the helicopter carrying him and his foreign minister crashed on Sunday.There is still no confirmation on any deaths, but many Iranians inside Iran and in the diaspora are rejoicing at the possibility. While State media halted all of its regular programming to show prayers being held for Raisi across the country, a different narrative emerged on social media, and in the homes of Iranians across the globe. Iran International has obtained footage of celebratory fireworks in the skies of Iran.”Let’s celebrate the good…
The Islamic State group has claimed responsibility for the attack on foreigners in central Afghanistan in which three Spanish citizens and three Afghans were killedBy RAHIM FAIEZ Associated PressMay 20, 2024, 2:38 AM ET• 2 min readISLAMABAD — The Islamic State group has claimed responsibility for an attack on foreigners in central Afghanistan in which three Spanish citizens and three Afghans were killed.Seven people were wounded in the attack Friday in Bamiyan province, a major tourist area, according to Abdul Mateen Qani, a spokesman for the interior minister. He said seven suspects were arrested at the scene.The Islamic State group…
Since the official announcement of the death of Iranian President Ebrahim Raisi, numerous spontaneous instances of celebration and sarcasm have been expressed by Persian and Arabic-speaking users and outlets in the Middle East and abroad. However, in the meantime, outlets loyal or belonging to the Islamic Republic regime have been notedly attempting to endow Raisi’s death with a mystical dimension and grant religious meaning to his passing.The death of Raisi was announced this morning at the Imam Reza Holy Shrine in Mashhad, where crowds could be heard crying and grieving following the news of the crash. During the announcement,…