Organisers of a festival celebrating Islam in Sheffield built bridges of understanding about their faith with discussions, theatre and poetry. The event at Mount Pleasant Park, Sharrow, gave people an insight into contemporary Muslim life with a chance to discuss spiritual issues, culture and religion. Talks included a focus on what Islam teaches about jihad,…
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…
As Islamic finance and banking products continue to grow, Switzerland will soon get its second Shariah compliant bank in less than two years. The bank I set to be launched before the end of the year, and will target investors and wealthy individuals from the Gulf region. The new bank will be the second private…
Questions about Islamic finance, even from those in government regulatory business, turn up little accurate understanding. The common perception is that the U.S. is anti-Islamic finance, anti-Muslim, anti-Arab said Islam Salah, head of the Islamic finance practice at the New York law firm King & Spalding. Among practices in Islamic finance, is the fundamental concern…
The British government is working to ensure that Muslims can access financial products and services compatible with Islam in order to support both Muslims living in the UK and those seeking to do business there. This was stated in a press release from the British High Commission in Brunei Darussalam. The Economic Secretary to the…
