IT outsourcing for British Islamic Insurance Holdings: A British Islamic insurance company is outsourcing its IT to Capita in an $87m deal. The eight-year deal will see Capita working with British Islamic Insurance Holdings (BIIH), which provides insurance compatible with the Muslim faith. It reflects a European shift towards Islamic-compliant financial services, which is seeing…
Two men from South Yorkshire were charged with causing a disturbance in a church after a protest during the Archbishop of Canterbury’s Easter Sunday sermon. Police named the men as Kyle Spotswood, 26, of Dagenham Road, and Sidney Cordle, 52, of Knowle Lane, both Sheffield. They were arrested following an incident at Canterbury Cathedral. A…
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…
Non-Muslims both in England and in Islamic countries are increasingly opening Islamic bank accounts, which operate in compliance with Sharia law. Under Sharia Islamic law, making money from money, such as charging interest, is usury and therefore not permitted. Wealth should be generated only through legitimate trade and investment in assets. Sharia also forbids investing…
Thousands of Muslims took to the streets of the capital of Niger this week as protests against the publication of controversial cartoon images of the Prophet Muhammad reached West Africa. Organisers said 50,000 people had turned out Tuesday in the dusty streets of Niamey after a call from religious leaders to press the government to…
