October 18, 2013 Islamic finance has been a significant global force for the past few decades, but in recent years sharia-compliant saving and investing have become more common. For example, in June, Goldman Sachs provided a loan to Arcapita Bank, an Islamic investment company, that in compliance with sharia law did not charge interest….
April 4 2013 New research from the Dutch National Bank indicates that migrants send at least 8 billion euros a year to their countries of origin, mostly Turkey, Morocco, the Antillean Islands, Indonesia and Germany. The figure does not include transfers made via informal channels such as cash withdrawals from local banks during holidays.
News Agencies – November 15, 2012 Months before the Muslim women’s helpline was launched, the phone at the Mississauga-based Women’s Resource Centre started ringing. In October 2012, after months of research, training and fundraising, the Women’s Resource Centre launched what is believed to be the country’s first helpline specifically for Muslim women. Confidential and…
Six major American banks were hit in a wave of computer attacks last week, by a group claiming Middle Eastern ties, that caused Internet blackouts and delays in online banking. Frustrated customers of Bank of America, JPMorgan Chase, Citigroup, U.S. Bank, Wells Fargo and PNC, who could not get access to their accounts or pay…
A string of bank robberies, carried out by people disguised in traditional Islamic woman’s garb, has prompted concerns among religious, government and law enforcement officials in the Philadelphia area. The robberies, at least five since December, were carried out by people wearing full-length robes and veils to hide the hair and part of the face,…
