Mohammed Moussaoui, current president of the CFCM (French Council of the Muslim Faith), noted at the beginning of Ramadan that hundreds of religious leaders, largely from Morrocco but also from Algeria and Turkey, arrived to assist in prayers in France’s 1800 mosques. Their training, along with the financing of Islam in France, remain the primary…
Muslim charities in the United State are turning to the Better Business Bureau to win back donors, and in an effort to gain back their confidence in their fundraising activities. Many such charities were hit hard after September 11th, 2001, where funds were seized and questions by the US government. Under this initiative, seven Muslim…
Safe Bourada, an Algerian with a part terrorism conviction, and eight suspected accomplices face charges for plotting attacks in Paris will stand trial in October. They are facing charges of financing terrorism and links to a « terrorist enterprise ». Bourada has previously served eight years in prison for his role as recruiter in a…
International investment services compliant with Islamic financial law are competing for a slice of the oil revenue in the Middle East. With the price of crude oil almost doubling in the last year, countries with large Muslim populations and connections – including Singapore, Hong Kong, London, Birmingham and Paris – are vying to act as…
Christine Lagarde, Minister of the Economy and Finance, wants to facilitate the development of Islamic finances in France, stating she wants follow the model already in place in London. Known as “sukuks”, this kind of loan meets the rules of shari’ah law which prohibits claiming interest and investing in certain sectors like those related to…
