Future outlook of asset-backed Islamic financial system

The Islamic finance industry size is 300 billion USD and expanding at 15 percent a year. It prohibits interest, which is also prohibited in Bible. Islamic financial institutions have been largely sheltered from present crisis, which has resulted in $400 billion losses. USA, France, Germany & India have good potential. The Islamic financial system is…

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Youth want more support to practice Islam

According to a study called “Youth and their Islam” released by the Verwey-Jonker Institute, Muslim youth in the Netherlands do not believe they receive enough support to develop their faith, and believe that society does not give them room to practice “their Islam.” Among the specific needs that are not being met, the Muslim youth…

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Police anti-terror raids target suspected Islamists

Anti-terrorism police in Italy carried out at least 135 raids across Italy and are pursuing investigations of 11 foreigners suspected of having connections to an alleged Morocco-based Islamist group, Al-Adl Wal Ihsan. Investigators have called the Al-Adl Wal Ihsan – or “Justice and Charity” organization, a cover for a group seeking the restoration of an…

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Britain grapples with role for Islamic justice

A Muslim woman requested an Islamic divorce on the grounds that her husband physically and emotionally abused her, and told her that he wanted her dead. Her husband was opposed to the divorce, and when an Islamic scholar adjudicating the case seemed opposed to the divorce, the wife brought in her father as a “secret…

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Popular Canadian linebacker often refers to the Qur’an

Saleem Rasheed, a middle backer for the Calgary Stampeder’s of the Canadian Football League, often speaks about the importance of his Muslim faith in his first turbulent year in the CFL. Despite a grueling game schedule, he fasted while playing full-time during the month of Ramadan. Rasheed explains that “People who are deeply religious are…

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