April 4, 2014 The ‘ hawala ‘ is an opaque and easy way to send money to any corner of the world. A system that can move 100,000 USD per day and is based on the relationship of trust between the partners in the chain of money delivery. Confidentiality and opacity have made it…
Taliban militants in Pakistan’s tribal region have opted to delay plans to kill Canadian hostage Beverly Giesbrecht, but her captors are apparently still holding out for a ransom before releasing her. The abduction of Giesbrecht, 53, has become a sensitive issue, and tribesmen of the embattled area are reluctant to speak on the matter openly….
Taliban insurgents active in Pakistan’s tribal region have offered to free a Canadian woman held since November in return for a $375,000 USD ransom. Gul Bahadur, the Taliban head in the volatile North Waziristan region, is alleged to be responsible for the kidnapping of Beverly Giesbrecht, a West Vancouver woman who was in the area…
The Islamic finance industry size is 300 billion USD and expanding at 15 percent a year. It prohibits interest, which is also prohibited in Bible. Islamic financial institutions have been largely sheltered from present crisis, which has resulted in $400 billion losses. USA, France, Germany & India have good potential. The Islamic financial system is…
