Lahore- Existing so-called interest-free Islamic banking system prevailing in Pakistan is fraud and mockery on the name of Islam as well as worst-exploitive as compared to interest-based banking system existing in modern world. These views were expressed by noted banking experts during a one-day ...

LONDON : Four teenagers have been arrested in connection with a fire at an Islamic boarding school in London, police said Monday, as they stepped up patrols around Muslim sites in the capital. The blaze was the second suspicious fire at an Islamic institution in London following the brutal May 22 ...

The former British Prime Minister Tony Blair made a pointing remark in his article in the DailyMail when he wrote, “There is a problem within Islam - from the adherents of an ideology which is a strain within Islam.” Mr Blair missed the mark about where the problem lies. It’s not ...

  LAHORE Since Islamic banking had grown owing to the global financial crunch, it would be important to establish the difference of both Islamic banking and conventional banking. Very few people who know the real difference between Islamic and conventional banking, as apparently both seem the ...

LAHORE - Pakistan Tehrik-e-Insaf Chairman Imran Khan has said Islamic social justice system is the key to unite the nation.Addressing Azm-e-Pakistan Convention here at Aiwan-e-Iqbal on Sunday, he said Muslims were welcomed as liberators by the people of Turkey and Christian Rome when they reached ...

ISLAMABAD : A senior official at Iran’s Bourse Organization said here that the 5th International Orientation Course on Islamic Capital Markets is to be held in the Iranian capital on Sunday with participation of scholars from 18 world countries. Ali Saeedi, deputy executive director of ...

KARACHI – Jamiat Ulema Islam will transform Pakistan into an Islamic welfare state with the power of peoples’ vote and eliminate inflation, corruption and energy crisis from the country.This was stated by JUI Sindh Secretary General and former Senator Dr Khalid Mehmood Soomro, Maulana ...

LAHORE – Dubai Islamic Bank Pakistan Limited has reported a year end profit before tax of Rs501 million. Furthermore, a 38 per cent deposit growth was achieved in comparison to 2011, taking total deposits to Rs53.11 billion in 2012. The BoD of Bank held a meeting to approve its financial ...

PESHAWAR  - Electioneering is picking up momentum in Nowshera as the Pakistan People’s Party Parliamentarians (PPP-P), Awami National Party (ANP) and Pakistan Tahrik-e-Insaf (PTI) have fielded senior politicians from Khattak tribe to win elections from the NA-5 Nowshera-I ...

Peshawar   - Tehreek-e-Taliban Pakistan (TTP) Chief Hakimullah Mehsud has called the democratic system as un-Islamic. In a video message, he said that TTP wants to replace democracy in Pakistan and all other Islamic countries with Shariah Law. Mehsud said that non-believers are trying to ...

DUBAI/ BEIRUT  - Al-Qaeda chief Ayman al-Zawahiri has urged rebels to fight to establish an Islamic state in Syria, in an online audio message Sunday in which he also warned France against its military intervention in Mali.“Let your fight be with the aim of establishing sharia (law) as ...

LAHORE (PR) – The world’s first portal for Islamic Investment Products www.khabeer.com.pk launched in Karachi yesterday.  Khabeer Financial Services (Pvt) Ltd. takes the lead not only in the Muslim World but also world-wide by introducing a financial planning service and tools for ...

 DOHA/DUBAI (Reuters) - The International Islamic Liquidity Management Corp (IILM), a body backed by central banks from the Middle East and Asia, announced plans to issue its first Islamic bonds after an unexpected pull-out by Saudi Arabia from the body.The IILM aims to issue up to $500 ...

JUI(F) chief‚ Maulana Fazlur Rehman has said that no party will be succeeded through hollow slogans now.Addressing a conference in Muzaffargarh‚ he said problems of the country could be solved only through implementation of Islamic system in letter and spirit. He said that undeclared ...

KARACHI - State Bank of Pakistan Deputy Governor Abdul Muktadir has said true spirit of Islamic financial system is the way forward that may help the global financial system to recover and regain the lost trust of stakeholders. ‘The Islamic banking industry is expected to grow considerably to ...

ISLAMABAD - Islamic art was the focus of attention at the Alliance Française of Islamabad on Wednesday, as the Ambassador of France to Pakistan, Philippe Thiebaud, hosted a projection of short videos on the latest department of the Louvre Museum in Paris.He reminded the audience of the ...

LAHORE – The interest-free Islamic banking has recorded a robust growth in the country in the last few years and can further expand tremendously with the help of effective legislation and introduction of more products.These views were expressed by Dr Hasan Sohaib Murad, the Founder Rector of ...

LAHORE - The Logo inauguration ceremony of Global Islamic Microfinance Forum was held in Sana’a, the capital city of Yemen and Lahore, Pakistan. In Yemen, the Managing Director of Yemen Microfinance Network (YMN),  Najah Almugahed, inaugurated the Logo whereas in Pakistan, the Chief ...

BAHAWALPUR - The Islamic Banking system, due to its prolific results, is gaining popularity not only in the Islamic countries but all over the world.This was remarked by Islamia University Bahawalpur Vice-Chancellor Dr Muhammad Mukhtar while addressing a seminar held under the topic of Islamic ...

KARACHI - An Islamic Art and Calligraphic Exhibition was held at Defence Authority Creek Club, DHA Phase-VIII here on Monday. The exhibition exhibited the masterpiece works of talented artists Muhammad Shafique and Asif Ghazali. The Islamic art encompasses visual arts including oil paintings, ...

It has been a creeping realisation for some time now whether the custodians of our faith are doing more damage to the Islamic philosophy than the so-called infidels. Considering how loudly they talk of the Islamic Shariah, it is incredible that the same energy is not used to abolish some appalling ...

LAHORE - UNDP in collaboration with USAID and CGAP jointly organized “Iraq Microfinance Policy Forum” on April 10 & 11, 2012 in Erbil-Iraq, for setting up policy goals for microfinance in Iraq, which was participated by high government functionaries from Iraq government, including ...

n Abid Mustafa“It is unfathomable how American military personnel in Afghanistan could decide to burn copies of the Holy Quran. Muslims consider destruction of the Holy Book blasphemous. A decade after the United States intervened in Afghanistan; all American forces should know ...

KARACHI - The deposits of Meezan Bank, which is a leading institution in Islamic banking, have increased from Rs131 billion to Rs170 billion and its branch network has moved from 222 to 275. The bank presence is now in 83 cities compared to 62 cities last year, said Muhammad Raza, Head of Consumer ...

DUBAI (Reuters) - Standard Chartered is in discussions with regulators to offer Islamic banking services in Oman and Nigeria, now that both countries are revamping their regulatory environments to encourage Islamic finance, the bank's global head of Islamic banking on Sunday. Wasim Saifi said the ...

Islam is a universal religion, it provides guidelines in all aspects of life but these guidelines are not followed in daily life so we are deprived from the benefits. Ethics is defined as the set of moral principles that distinguish what is right from what is wrong. Islam places the highest ...

OUR STAFF REPORTER LAHORE - Pak-Qatar General Takaful Ltd (PQGTL) and Tajweez Advisory Co WLL Bahrain, in cooperation with the International Islamic Financial Consultant (IIFC) jointly organized a three-day intensive workshop titled 'Islamic Product Structuring and Pricing, Tools and Techniques at ...

OUR STAFF REPORTER LAHORE - There are many chances of investment in Kazakhstan regarding International Islamic Banking and financial institutions are in looking on different options for investments in Kazakhstan because the world sees the Kazakhstan a central hub for Islamic banking and finance for ...

DHAKA (Reuters) - The Islamic banks in Bangladesh are seeking a Shariah-compliant money market and separate laws to govern the fast expanding Islamic banking in the Muslim-majority country. We have already raised the issue and discussed with the senior officials of the Bangladesh Bank, the central ...

WASHINGTON - The Council on American-Islamic Relations (CAIR) Thursday applauded a decision by the International Weightlifting Federation (IWF) to modify its policy on competitor apparel to allow modest attire for Muslim women. The IWF policy change, which now allows a full-body unitard under the ...