Author: islamnewsday
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…
In his second of 2 blogs, Islamic Relief’s Senior Policy Advisor for Poverty Reduction, Jamie Williams, focuses on how locally-led adaptation can address the impacts of climate change. You can read Jamie’s previous blog in the series here. In part one we detailed how the world is heating and that its climate systems are breaking down. Climate change is upon us. As with all change people need to adapt and adjust. People, families, and communities naturally find ways to adapt on their own. These adaptations happen in different ways and in different places, no matter what the situation is, ranging from…
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…
The Islamic State group has claimed responsibility for a deadly shooting targeting members of the country’s minority Shiite community inside a mosque in western Afghanistan that killed six peopleMay 1, 2024, 2:26 AM ET• 2 min readISLAMABAD — The Islamic State group has claimed responsibility for a deadly shooting this week targeting members of the country’s minority Shiite community inside a mosque in western Afghanistan that killed six people.The militant group said in a statement posted on its Telegram website late on Tuesday that one of its members attacked a “Shiite temple” in Herat province with machine-gun fire. The attack,…
Minnesota officially adopted its new state flag on Saturday, but some conservatives say it features an Islamic symbol.Conservatives, including MyPillow CEO Mike Lindell and former New York City Council candidate Jacqueline Toboroff, have since linked the eight-pointed star symbol on the flag to Islamic imagery because of its resemblance to stars seen on flags of some Muslim-majority countries.The flag’s designer and other proponents said the eight-pointed star was chosen for its representation of the North Star, aligning with Minnesota’s identity as the North Star State. The Minnesota State Capitol on October 22, 2023, in St. Paul. Minnesota officially adopted its…
Tue 14 May 2024 | 09:38 PM The Muslim Council of Elders continues its cultural program at the 2024 International Publishing and Book Fair in Rabat, which has witnessed significant turnout from exhibition visitors. The Council organized a seminar titled: “Historical Divergences in the Nation: Criticism and Foresight,” presented by Dr. Samir Boudinar, Director of the Al-Hokama Center for Peace Research, and Dr. Elias Mohamed Belka, Professor at Sidi Mohamed Ben Abdellah University in Fez. Dr. Samir Boudinar emphasized that the Muslim Council of Elders, under the chairmanship of His Eminence Dr. Ahmed Al-Tayeb, the Grand Imam of Al-Azhar, prioritizes…
The California Highway Patrol logo. Courtesy CHP. A Muslim advocacy group, the Council on American-Islamic Relations San Francisco Bay Area Office, is calling for law enforcement to investigate a reported assault on two pro-Palestine activists in Menlo Park. On May 5, two volunteers with the Northern California Islamic Council were placing banners calling for peace in Gaza on a Menlo Park overpass over Highway 101 when they were approached by an unidentified man who allegedly demanded that they remove the banners, according to a press release from the organization. In a statement, CAIR-SFBA “condemned an alleged hate crime targeting individuals…
Today is Nakba Day, an annual day of commemoration thrown into sharp relief this year by the ongoing bombardment, displacement and blockade of Palestinians in Gaza. Here we look at the origins and significance of the day. What is Nakba Day? Nakba Day is commemorated annually on May 15. It marks the beginning of the destruction of the Palestinian homeland and the mass displacement in 1948 of the majority of the Palestinian population. Nakba means ‘catastrophe’ in Arabic and is the word used by Palestinians and others to refer to this historic moment. For some, the term is also used…
With innovative prayer mat designs, Divine Mats leads the way in luxury Islamic prayer mats. Their latest collection seamlessly blends tradition with modern style, offering beautifully crafted mats with standout features that are tailored to modern Muslims. The unique features of each mat makes them appealing to worshippers who seek elegance and functionality in their prayers. Embracing tradition, embracing innovation Islamic prayer mats hold profound cultural and religious significance, serving as sacred spaces for Muslims to connect with Allah through prayer. Divine Mats recognises the importance of honouring this tradition while also embracing the opportunities for innovation in design and…
A file photo shows a man counting taka notes in the capital Dhaka. Loan disbursements from Shariah-based banks have significantly increased despite a sharp decline in deposit collection in December and January. | — New Age photo Loan disbursements from Shariah-based banks have significantly increased despite a sharp decline in deposit collection in December and January. According to a Bangladesh Bank report titled ‘Islamic Banking and Finance Statistics,’ loans disbursed by full-fledged Islamic banks surged by Tk 10,866 crore, while their deposits decreased by Tk 5,385 crore in December 2023 and January 2024.In January alone, deposits in these banks declined…
Qadir Qiafa, deputy head of Iran’s Chamber of Commerce, said that precious and semi-precious stones mined in Afghanistan are smuggled into Iran and sold. He added that Iran is interested in investing in Afghanistan’s mining sector; however, sanctions imposed by the United States have affected Iran’s investments in Afghanistan. The Islamic Emirate has announced efforts to prevent the smuggling of mineral resources, particularly precious stones from Afghanistan, and emphasized cooperation with Iran to stop the trafficking. Zabihullah Mujahid, the spokesman for the Islamic Emirate, said: “The Islamic Emirate of Afghanistan is making its utmost effort to completely stop smuggling. In…
Founder, Imam ABDULLAH ‘GBADE AKINBODE Imam ‘Abdullah’ Gbade Akinbode is a top Islamic cleric and scholar. He has been around for the past 46 years contributing a lot to the propagation of Islam using different platforms to showcase the beauty of the religion. At one time he was a teacher of Islamic Studies before he pioneered the employment of music for Da’wah amongst youths of Muslim Students Society of Nigeria in Lagos State in the 80’s. Imam Akingbode was born in Ibadan, Oyo State of Nigeria. He attended Ahmadiyyah Grammar School Ibadan where he had his secondary school education.…
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From Rohani Mohd Ibrahim KAZAN (Tatarstan, Russia), May 15 (Bernama) — The Islamic world has always been and remains one of Russia’s most important partners in the world and the relations have grown steadily and strongly in recent years, said Tatarstan Prime Minister Alexey Pesoshin. Pesoshin said the trade turnover between Russia and the countries of the Organisation of Islamic Cooperation (OIC) has grown by 37 per cent and amounted to more than US$156 billion. “All capacities of the Russian economy are directed to the large-scale increase of production and services, the mastering of advanced technologies, the creation of new industrial capacities…
Your questions answered: Why hasn’t the West provided Ukraine with navy ships to challenge Russia’s dominance? With a second front opening in the war and Russia claiming control of several settlements, it’s been an important week for the war in Ukraine.Readers have been sending in their questions to our senior correspondents and military experts for their take on the changing battlefield environment.Today, Lamas asked:Given the impressive success of Ukraine to contain the operational degrees of freedom of Russia’s Black Sea Fleet, why hasn’t the West supplied the Ukrainian navy with ships in order to consolidate its dominance and pose a…
By Gloria Mathias Today DIgital Banking Solutions Branchless Banking Fintech News APAC Fintech News Pakistan FinTech Pakistan U Microfinance Bank (U Bank) and Raqami Islamic Digital Retail Bank Ltd. (RIDBL) have entered a strategic interoperability partnership to enable RIDBL customers to access branch banking services through U Bank. This marks a milestone in Pakistan’s digital banking landscape. With this collaboration, U Bank will extend the Shariah-compliant services of its extensive branch and branchless banking channels, including its network of 375+ brick-and-mortar branches nationwide, to RIDBL, facilitating their digital banking clientele with seamless physical ‘Cash In/Cash Out’ (CICO) transaction services and…