Tag: Islamic

A days-old truce announced by Gaza militants appeared to be fast unravelling on Thursday after 24 hours of air strikes left six Gazans dead...

Representatives of civil society, the diplomatic community, heads of INGOs and government officials attended an Iftaar dinner for orphans, sponsored by the Islamic Relief...

Meezan Bank added another “first” in Pakistan’s Islamic Banking Industry by becoming the Advisor and Lead Arranger for the first ever short-term Sukuk for...

A Malaysian Christian group on Thursday condemned a raid by Islamic officials on a church compound as a threat to the mostly Muslim country's...

Muslims all over the world must unite to be able to stop their genocide at hands of “Satanic forces” and end the alien control...

Dawood Islamic Bank (DIBL) has been renamed as Burj Bank, effective from July 11, 2011, with the approval of the State Bank of Pakistan...

The country’s Islamic banks have refused to follow the central bank’s instructions regarding collection of utility bills after their due date, stating that Sharia-compliant...

Hizbut Tahrir, a global extremist party banned in many Muslim states, on Friday said Pakistanis should take to the streets to call for Islamic...

The North Karachi Industrial Area Branch of UBL was recently inaugurated as a complete Islamic Banking Branch by Industrial Development & Management Company North...

Islamic trade finance has benefited from shifting preferences towards Sharia-compliant banking and could serve as one of the key growth drivers to help the...

World Islamic Finance Summit 2011 will be held in Pakistan on the 21st and 22nd of September, 2011. This high-profile conference will provide the...

KARACHI - Standard Chartered Bank (SCB) Pakistan and Meezan Bank have entered into an agreement for the provision of Islamic US Dollar Nostro Account facility. They will earn Shariah-compliant profits on their account balances at Standard Chartered Bank in New York by using this facility. A Nostro account is established in a foreign country and usually in the currency of that country for the purpose of carrying out transactions.
Standard Chartered Saadiq has been at the

LAHORE - A paper titled 'Barriers to Islamic Banking in Pakistan' presented by 5 undergraduate students Hassan Ahmed, Nausherwan Saleem, Khawaja Jaffer Abbas, Muzammil Altaf Barkhurdaria and Jawad Mehmood from the Lahore University of Management Sciences (LUMS) received the best student paper award at the Global Islamic Marketing Conference held in Dubai, UAE in March, 2011.
The conference, sponsored by The United Arab Emirates University and Emerald Group Publishing, was

VERSAILLES - French police fined a woman for wearing a full-face Islamic veil, the first reported enforcement of a ban on the garment on the day it came into effect, a police source said Tuesday.
The young woman, born in 1983, was fined 150 euros (216 dollars) "without incident" in a shopping centre in Mureaux, northwest of Paris, early Monday evening, the source said, without elaborating on exactly what she was wearing.
France on Monday became the first country in Europe to

KARACHI - The State Bank of Pakistan (SBP) has decided to aid commercial banks in efforts to enhance their outreach of Islamic banking services through changing the definition of rural and underserved areas.
As a result, the SBP revised its Branch Licensing Policy (BLP) through amending BPRD Circular No 15 and notified the change to the banks through issuing BPRD Circular Letter No 08. "In order to provide incentive to commercial banks for enhancing outreach of Islamic banking

LAHORE - Al Huda Centre of Islamic Banking and Economics Pakistan (CIBE) organised an International Conference on Islamic banking and finance in Mauritius which has now successfully concluded. The aim of this conference was to promote Islamic banking in Mauritius and other African countries so that the methodology of Islamic products could be produced after tapping the actual benefits of this structure.
Heads of banks from Malaysia, Pakistan, Kuwait, Sudan, South Africa,

HAFIZABAD - Islamic leadership can get nation rid of American slavery, corruption, unrest and price hicks and if the masses are determined to bring revolution, the enforcement of Islamic system in the country will not be so far. Hafizabad Jamaat-e-Islami amir said this while addressing a press conference at the Hafizabad Press Club while General Secretary Aman Ullah Chatta and Malik Shoukat Ali Phularwan were also with him. He further said Pakistan was acquired for introducing Islamic