The School of Management in Strasbourg will, for the first time in France, offer a university diploma in “Islamic Finance (a “bac +5”). The United Kingdom is the only other country to hold a similar program in Europe. Michel Kalika, the school’s director, explains that the diploma is “the reasonable result of a market analysis…
According to preliminary studies released by the Spanish central bank, immigrants sent 148 million Euros less to their home countries, than during the same period in 2007; figures dropped 7% between 2007 and 2008. Industries that have attracted immigrants, such as construction, agriculture, and real estate industries have been hammered by decline in economic activity…
The Muslim charity “The Holy Land Foundation” and five of its former leaders have been convicted of funding the Palestinian militant group Hamas, designated a terrorist group in the US. Full-text article continues here. (Some news sites may require registration)
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With the Sharia-compliant market growing by up to 15 per cent a year and estimated to be worth a trillion dollars (Dh3.67tn) by 2010, the number of Islamic investment banks in the UK is predicted to double within five years, said Samer Merhi, the executive director of the Gatehouse Bank, an Islamic finance house based…
