Muslims seek to build future in Italy

The International Herald Tribune follows the dichotomy of Muslim Italians in Milan, navigating the bi-cultural lives. The article focuses in the profitability of youth – both as an economic investment “straddling two cultures” but also in their generational reality as having fluid identities. A new magazine written by second generationers, called “Yalla Italy” (Let’s Go,…

Share Button
Read More

    Germany deemed fertile ground for Islamic banking

    The German economy is considered the strongest in the Eurozone [15-country bloc that uses the Euro currency] and the level of German exports surpassed China for the fifth year running in 2007, achieving a record export of €969 billion. Its imports amounted to €770 billion, giving Germany a trade surplus of €198 billion. According to…

    Share Button
    Read More

    UK Islamic banks to double in five years

    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…

    Share Button
    Read More

      UK Islamic banks to double in five years

      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…

      Share Button
      Read More

      Bercy Seeks to Enable the Development of Islamic Financing in France

      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…

      Share Button
      Read More