Author: islamnewsday
Deputy PM Dar invites Chinese entrepreneurs to set up labor-intensive industries in Pakistan ISLAMABAD: Deputy Prime Minister Ishaq Dar on Thursday invited Chinese entrepreneurs to establish labor-intensive industries in Pakistan, state-run Radio Pakistan reported, as Islamabad seeks foreign investment to bolster its fragile $350 billion economy. Dar arrived in Beijing on May 13 to co-chair the fifth round of the China-Pakistan Foreign Ministers’ Strategic Dialogue with his counterpart Wang Yi. The deputy prime minister undertook the visit to bolster relations with China, assure Beijing that Pakistan would enhance the security of Chinese nationals and hold key meetings with business officials…
Living up to its reputation of creating revolutionary solutions and taking unprecedented initiatives, Salaam Takaful Limited has gone ahead and developed another first, not only in Pakistan, but what is believed to be a first across the globe, a digital only Islamic Life Insurance company, Salaam Family Takaful Limited. The coveted license was handed over to Mr. Rizwan Hussain, MD and CEO of Salaam Family Takaful Limited by Mr. Akif Saeed, Chairman, Securities and Exchange Commission of Pakistan (SECP) in the presence of Salaam Family Takaful’s Shariah board, and their endorsement signified that the new organization with its operations and…
Three MQ-9 Reaper drones that the U.S. military said had been “harassed” by Russian fighter jets over Syria on Friday were the same drones that later carried out an airstrike that killed a top Islamic State group leader, U.S. Central Command announced Sunday.Usamah al-Muhajir was killed on Friday, CENTCOM said.A defense official told ABC News that he was killed while riding a motorcycle in northwestern Syria in an area where the U.S. has carried out other strikes against terrorist leaders who operate in an area under Syrian government control and where the Russian military also conducts flight operations in support…
Vice President Ma’ruf Amin said that he regarded the Islamic or sharia banking industry as the driving force behind the development of the Islamic economy and finance in Indonesia. During an event held by the Indonesian Sharia Banks Association (Asbisindo) in Jakarta, he expressed optimism about sharia banks playing a crucial role in optimizing the growth of Indonesia’s Islamic economy. “Islamic banks will be able to support economic growth and give birth to a new economy. We have moved to speaking about a new economy instead of the conventional one. The growth of a new economy will boost our national…
Abu Dhabi Islamic Bank, a leading Islamic financial institution, has secured three prestigious awards during the second cycle of the Nafis Award, underscoring its commitment to fostering Emirati talent and advancing the goals of national development. The Award was launched under the patronage and guidance of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Minister of the Presidential Court, and Chairman of the Emirati Talent Competitiveness Council. The Nafis Award, an initiative launched as part of the ‘Projects of the 50’ agenda, aims to enhance the competitiveness of Emirati human resources and empower them to…
The Bangko Sentral ng Pilipinas (BSP) said it is pursuing talks with Maybank Philippines and a foreign company to offer Islamic banking services in the country. “There are a number of interested applicants but only two are in the advanced stage of discussions,” Arifa Ala, BSP’s assistant governor for financial supervision, said.Ala said Maybank and another foreign firm plan to open an Islamic banking window but they have yet to submit an application. Requirements discussion“We have held meetings with them already and have discussed the requirements. We’ve heard information that Maybank may submit within this month,” she said.Currently, there are only two…
BURLINGTON, ON, May 16, 2024 /CNW/ – Islamic Relief Canada is devastated to announce the killing of Canadian-sponsored Gaza orphans and is appalled by the lack of urgency displayed by the Canadian Government in addressing the catastrophic situation unfolding on the ground.Young boy in Gaza fleeing from Rafah (CNW Group/Islamic Relief Canada)The first list of names of the Gazan orphans who have been killed in Israel’s assault over the past few months has just been received by our teams, with the youngest being only three and a half years old. This list is the first of many we expect to…
During the annual meeting of the Strategic Vision Group “Russia – Islamic World” in Kazan, the National Leader of the Turkmen people and Chairman of the Halk Maslahaty of Turkmenistan, Gurbanguly Berdimuhamedov, proposed developing an Islamic initiative for peace to be presented at the United Nations General Assembly. “At this forum, I propose considering the possibility of developing an Islamic initiative for peace, mutual understanding, and trust. I envision it as a coordinated set of approaches and proposals, serving as a kind of roadmap based on the principles of Islam as a religion of peace, goodness, and justice. I believe…
BURLINGTON, ON, May 16, 2024 /CNW/ – Islamic Relief Canada is devastated to announce the killing of Canadian-sponsored Gaza orphans and is appalled by the lack of urgency displayed by the Canadian Government in addressing the catastrophic situation unfolding on the ground.The first list of names of the Gazan orphans who have been killed in Israel’s assault over the past few months has just been received by our teams, with the youngest being only three and a half years old. This list is the first of many we expect to receive in the coming weeks and months. Islamic Relief Canada…
Brussels – The European Court of Human Rights has ruled that it is legitimate to ban the wearing of visible religious symbols at school, such as the Islamic veil. Thus, the judges agreed with the education system in Flanders, Belgium, and declared the three Muslim students’ appeal in Strasbourg inadmissible.This is a hotly felt issue in Flanders, where, according to the statistical yearbook of the education system for the academic year 2022-23, Muslim students represent about 17 per cent of the Flemish school population for the primary level and about 22 per cent for the secondary level. Since 2009, to comply…
JAKARTA – Coway, South Korea’s number one air and air purification company, officially has a halal certificate from BPJPH with the number ID00410016391850324 for 5 types of water purifier Coway products available in Indonesia; Cinnamon (P-6320R), Core (CHP-671R), Ombak (CHP-7310R), Neo Plus (CHP-264L), and Villaem II (CHP-18AR) products. This certification, which was published on March 28, 2024, marks the company’s commitment to providing purity in every drop of drinking water quality from the filtration of water purifier Coway.According to Law Number 33 of 2014 concerning Halal Product Guarantee (JPH), halal certificate is an acknowledgment of the halalness of a product…
FILE – Supporters of pro-Kurdish Peoples’ Equality and Democracy Party (DEM Party) chant slogans during the Newroz celebrations, in Istanbul, Turkey, on March 17, 2024. A Turkish court on Thursday, May 16, 2024 sentenced dozens pro-Kurdish politicians to between nine and 30 years in prison over riots in 2014 by Kurds angered at what they perceived to be the government’s inaction against Islamic State group militants who had besieged the Syrian border town of Kobane, state media reported. (AP Photo/Emrah Gurel, File) ANKARA, Turkey (AP) — A Turkish court on Thursday sentenced dozens pro-Kurdish politicians to between nine and 30…
The Kano State Hisbah Board has prohibited male DJs from performing at female-dominated gatherings in the state. Sheikh Aminu Ibrahim Daurawa, the board’s Commander General, stated this during a meeting with DJ representatives from around the state. He explained that it became imperative to prevent the mixing of males and females at events. He went on to say that from now on, only women would be allowed to officiate at women’s meetings. He said, “As an Islamic state, it is unacceptable for us to allow the indiscriminate mixing of males and females at the same event. This is because this…
Iran will respond directly to any threat originating from the Zionist regime, Army Ground Forces Commander Brigadier General Kiumars Heydari says, in the Islamic Republic’s latest warning to Israel. Gen. Heydari made the remarks at the Imam Ali Army Officer University in Tehran Thursday, where a national conference on emerging and ground-breaking sciences and technologies in defense-security fields was underway. He touched on Operation True Promise, Iran’s first direct military strike on Israel, in which the Islamic Republic responded to Israel’s attack on its diplomatic premises in Syria with a volley of loitering munitions, cruise and ballistic missiles last month.…
Being an asset manager at Cur8 Capital brings us the added benefit of industry insights that 99% are unaware of. It’s the knowledge of these economic investment trends that asset managers use to get ahead and ensure our investors are seeing their portfolios grow. With that said, there is no bigger asset class out there than property, and in this article, we’ll outline exactly where I think the UK property market is heading. It’s worth noting that the trends mentioned here are part of much larger global trends, so are pretty applicable across the globe. This article will aim to…
Home » General » Afreximbank Deepens Collaboration with the International Islamic Trade Finance Corporation and the Islamic Corporation for Development of Private Sector to Advance Africa Economic Cooperation On the sidelines of the recently concluded 2024 Islamic Development Bank (IsDB) Group Annual Meetings and Golden Jubilee Celebrations, African Export-Import Bank (Afreximbank or “the Bank”) (www.Afreximbank.com) concluded arrangements for a facility of USD 250 million with the International Islamic Trade Finance Corporation (ITFC) and USD 100 million with the Islamic Corporation for Development of the Private Sector (ICD) in support of trade and projects in Africa. The lines of financing expected…
Walid Saadaoui, 36, of Crankwood Road, Abram, and Amar Hussein, 50, of no fixed address, are accused of plotting a terror attack designed to cause “multiple fatalities using automatic weapons” in the North West of England, Westminster Magistrates’ Court heard on Tuesday. The two men had intended to target “the Jewish community in the North West of England and members of both law enforcement and military” as part of an “Isil or Daesh-inspired terrorist attack”, prosecutors told the court. Both are charged with the preparation of terrorist acts between December 13, 2023, and May 9, 2024. Bilel Saadaoui, 35, of Fairclough…
KUALA LUMPUR (May 16): The Islamic wealth management industry is poised to continue evolving in response to changing market needs and emerging trends, said Securities Commission Malaysia (SC) executive chairman Datuk Seri Dr Awang Adek Hussin. Awang Adek said the industry must embrace innovation, while adhering to the highest standards of corporate governance and professionalism guided by Islamic values, to remain competitive and relevant in the present day’s environment. “Practitioners of Islamic wealth management can harness the power of technology to optimise their services. “By embracing digital solutions, practitioners can stay ahead of the curve and deliver greater value to…
Fact Check: A video showcasing Anil Desai, the Shiv Sena (UBT) candidate from Mumbai South is circulating widely, alleging that Pakistan flags were waved during his Chembur campaign (here & here). The video depicts a green flag with a crescent and a star. This article fact-checks the claim presented in the post.The archived version of this post can be found here Claim: Video showing the waving of a Pakistani flag during the election campaign of Shiv Sena (UBT) candidate Anil Desai in Mumbai. Fact: The flag captured in the viral video is a generic Islamic flag, not the Pakistan national…
KUALA LUMPUR, May 16 (Bernama) — The Islamic wealth management industry is poised to continue evolving in response to changing market needs and emerging trends, said Securities Commission Malaysia (SC) executive chairman Datuk Seri Dr Awang Adek Hussin. Awang Adek said the industry must embrace innovation while adhering to the highest standards of corporate governance and professionalism guided by Islamic values to remain competitive and relevant in today’s environment. “Practitioners of Islamic wealth management can harness the power of technology to optimise their services. “By embracing digital solutions, practitioners can stay ahead of the curve and deliver greater value to their…
Harun Nasution Auditorium, UIN Online News- UIN Jakarta once again inaugurated six professors from various fields of knowledge in the Open Senate Session for the Inauguration of Professors on Wednesday (15/5/2024). The inauguration, held at the Main Auditorium of Harun Nasution, was attended by the university’s rector, deans, invited guests, and the families of each professor. The inauguration commenced with an opening address by the Secretary of the UIN Jakarta Senate, Prof. Dr. Masri Mansoer, M.A., followed by the reading of the Decree by Prof. Dr. Ahmad Tholabi, S.Ag., S.H., M.H., M.A. Subsequently, the inauguration procession was led by the…
On a recent Tuesday morning, barely an hour after its doors opened, the Islamic Arts Museum Malaysia in Kuala Lumpur had steadily filled up with a stream of visitors eager to immerse themselves in two captivating exhibitions. These shows were put together to celebrate the museum’s 25th anniversary. The morning scenes were a refreshing sight – considering how most museums and cultural institutions in Malaysia are ghost towns – as enthusiasts and curious patrons gathered at the entrance, forming a diverse tapestry of individuals united by their shared interest, or curiosity, in the showcased collection. Twenty five years is a…
Crimes of genocide were committed by Islamic State militants against an ancient religious community in Iraq and Syria, the UK has acknowledged.It means the atrocities inflicted by the jihadist group on the Yazidis join those of the Holocaust, Rwanda, Srebrenica and Cambodia recognised by Britain.The Kurdish-speaking minority were persecuted as ‘devil worshippers’ by IS after it seized large swathes of territory in Syria and Iraq in 2014.Thousands of men were killed and women and children were enslaved and raped when the fanatics overran the ancestral home of the Yazidis.The UK’s acknowledgement of genocide, the aim of which is to wipe…
Harun Nasution Auditorium, UIN Online News- UIN Jakarta once again inaugurated six professors from various fields of knowledge in the Open Senate Session for the Inauguration of Professors on Wednesday (15/5/2024). The inauguration, held at the Main Auditorium of Harun Nasution, was attended by the university’s rector, deans, invited guests, and the families of each professor. The inauguration commenced with an opening address by the Secretary of the UIN Jakarta Senate, Prof. Dr. Masri Mansoer, M.A., followed by the reading of the Decree by Prof. Dr. Ahmad Tholabi, S.Ag., S.H., M.H., M.A. Subsequently, the inauguration procession was led by the…
KUALA LUMPUR, May 16 (Bernama) — The Islamic wealth management industry is poised to continue evolving in response to changing market needs and emerging trends, said Securities Commission Malaysia (SC) executive chairman Datuk Seri Dr Awang Adek Hussin. Awang Adek said the industry must embrace innovation while adhering to the highest standards of corporate governance and professionalism guided by Islamic values to remain competitive and relevant in today’s environment. “Practitioners of Islamic wealth management can harness the power of technology to optimise their services. “By embracing digital solutions, practitioners can stay ahead of the curve and deliver greater value to their…