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26 Mar, 2023
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Tag: Sharia

Kuwait postpones training of first cohort of female recruits in army

January 19, 2022 Peter Mulvany

Kuwait’s Defence Minister Hamad Al Jaber has ordered the suspension of army plan to train the country’s first female soldiers, after public discontent demanding abidance to the Islamic law. Al Jaber, Gulf News reports citing local Al Rai newspaper, made Read more

Gulf News, HeadlinesAwqaf, Endowments, Hamad Al Jaber, Kuwait, Sharia

Morocco Gives Green Light for five Islamic Banks

January 4, 2017January 4, 2017 Peter Mulvany

Morocco’s central bank, Bank Al Maghrib, gave its approval to five Islamic banks to start operating in Morocco and allowed three French banks to sell Islamic products. The central bank added in a statement that it has set up a Read more

Finance, HeadlinesAttijariwafa Bank, Bank Al-Maghrib, Banque Centrale Populaire, BMCE, Credit Agricole, Credit Immobilier et Hotelier, Islamic bank, Morocco, Sharia

KSA and Kuwait comply with UN’s 2170 resolution

August 18, 2014August 18, 2014 Jaber Ali

Saudi Arabia and Kuwait have agreed to support the United Nations fight against terrorism by implementing its Resolution 2170. The resolution was adopted by UN’s Security Council as part of efforts aimed at handicapping the Islamic State of Iraq and Read more

Gulf News, Headlines2170 resolution, Al-Qaeda, Iraq, ISIS, KSA, Kuwait, Mansour Ayyad Al Otaibi, Nusra Front, Sharia, syria, Terrorism, UN

Bahrain : new Takaful with principle-based approaches

February 13, 2014February 13, 2014 Jaber Ali

In seeking to attract new entrants to the market and promote competition, Bahrain is making changes on its existing takaful model, a type of Islamic insurance where members contribute money into a pooling system in order to guarantee each other Read more

Headlines, World NewsAbdul Rahman Al Baker, Bahrain, Central Bank Bahrain, GCC, Middle East, Sharia

Saudi Arabia: protest against change

January 17, 2013January 17, 2013 Peter Mulvany

King Abdullah of Saudi Arabia has been trying to insufflate change in the very conservative Saudi community. Believing that the change will be more accepted if done step by step he has been carefully preparing it for a few years Read more

Gulf News, Headlinesking abdullah, municipal election, Saudi Arabia, Sharia

Oman’s law worries Islamic banks

November 2, 2012November 2, 2012 Peter Mulvany

Banks in Oman fear that the restriction on the money market instruments to be introduced in preparations for the introduction of Islamic finance by the end of the year might affect fund and profit management. The draft of the rules Read more

Finance, HeadlinesIFAAS, Islamic bank, Murabaha, Oman, Sharia, Sohar, Tawarruq, wakala

Turkey: IPOs to continue growing

September 18, 2012September 18, 2012 Peter Mulvany

With the year almost coming to an end, the Chairman and CEO of Istanbul Stock Exchange, Ibrahim Turhan, revealed that up to 18 additional initial public offerings (IPOs) could be on their way. This number could be tripled because according Read more

Finance, HeadlinesIPO, istanbul, OIC, Sharia, Sukuk, Turhan, Turkey

Yemen: Suicide bomber attacks police academy

July 12, 2012July 12, 2012 Jaber Ali

Yemen’s security agents are coming under attack in their own backyards as another suicide bombing took place at the gate of the police academy in the capital. No one has claimed responsibility but officials have linked it to Al-Qaeda. Wednesday’s Read more

Headlines, World NewsAli Abdullah Saleh, Ansar, Peninsula, Qaeda, Security, Sharia, Yemen

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