1 April 2013 The Glasgow Community Education Association (GCEA) is a step closer to establishing Scotland’s first Islamic secondary school after it completed the £400,000 purchase of Abbotsford House, a B-listed Victorian building in the Gorbals area of Glasgow. If the project is successful, the building will be renamed The Islamic Institute and will…
Opportunities will increase for German Muslims to invest their money in a “halal” way. So far, Islamic banking is not available in Germany, although well established in the UK, where there is a smaller Muslim population. Now the banking supervision Bakin recently organized a conference on Islamic banking, and the first licence has been given…
The London-based ABC International Bank’s Islamic Asset Management (IAM) entity, both of which are subsidiaries of the Bahrain-based consortium bank Arab Banking Cooperation, has launched the first retail Shariah-compliant capital-protected equity product in the UK under its ‘Alburaq’ brand. The savings product, which has a minimum subscription of just _500 and is a Shariah-compliant alternative…
A recent meeting between bankers from Italy and the Gulf was organized in an effort to build stronger ties, and included efforts to build Italy’s first Islamic bank later this year. The new venture could be part of the European Islamic Investment bank, headquartered in London. While it is expected that the initial customers would…
Brussels -In Molenbeek, students can enroll at the Avicenna Islamic school. The private school is not recognized and receives no subsidies. In order to obtain a certificate, the students have to take an examination before the examining board. Respect and discipline. Those are two values which the Avicenna school imparts. The posters of the French-speaking…
