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S&P value total Islamic banking assets in Egypt at around $11.6bn
The bombing that took place early morning on 24 January has affected the neighbouring Islamic Art Museum and the Egyptian National Library and Archives. A group of archaeologists and art restorers volunteered to form a taskforce, which visited yesterday the site of the museum to survey the damage. Photos By AFP
The museum’s collection is going to be evacuated immediately after a forensic inspection
Reuters – Masraf Al Rayan, Qatar’s largest sharia-compliant bank by market value, said on Thursday it had completed its acquisition of Islamic Bank of Britain (IBB). Al Rayan did not disclose the terms of the purchase. IBB was majority-owned by another Qatari lender, Qatar International Islamic Bank, which had been in discussions with Al Rayan over a sale since mid-2012. Al Rayan said in a bourse …
Egypt’s Grand Mufti calls on Egyptians to participate in constitutional referendum
Constituent assembly approves majority of contentious articles; sets ground rules for coming parliamentary elections
Assembly holds meetings to reach consensus over the contents of the preamble; article allowing military trials for civilians criticised
The planned ‘sukuk’, announced by Prime Minister David Cameron in October, is expected to launch next year and become the first by a Western government.
The library covers banking history in Egypt from the early 20th until present day, also providing context of Egyptian history in general.
Constituent Assembly reportedly agrees on articles’ drafting
Female civil servants are now allowed to wear the veil while their male counterparts can sport beards, both symbols of Muslim piety which were banned by Turkey’s first president Mustafa Kemal Ataturk.
The museum holds surprising, diverse collection of textiles and its uses from the different eras of Egypt history
The Salafist Call’s deputy leader and Al-Jamaa Al-Islamiya accuse assembly of trying to change Egypt’s “Islamist identity”
Party proposes the cancellation of article 219 of the constitution in exchange for amending article 2
By Muhammad Zubair Mughal Apparently, it is a matter of pleasure that global volume of Islamic finance industry has crossed $1.3tn approximately, which is, definitely, providing the best and compatible sources of finance with interest free modes. According to a careful estimate, there are more than 2000 Islamic Financial Institutions offering Islamic Banking, Islamic Insurance …
Other Islamist channels also ordered to shut down
The Faisal Islamic Bank of Egypt stated that its profits for the first half of the current fiscal year totalled EGP 370.8m (nearly $53m), compared to EGP 283.6m during the first half of 2012.
Hamdi Rashad said the government, and ministers in particular, needed to take tangible steps to address the country’s economic problems.
The prospectus tasked HSBC Holdings and QNB Global with the rights to organise and administer the programme
Abdel Maqsoud: negative practices are spreading like focusing on negative events, fabricating news and misusing freedom
Mahmoud Ahmadinejad becomes first Iranian head of state to visit Egypt since 1979
The mosque, similar to the Faisal Mosque in the Pakistani capital of Islamabad that was also built by oil-rich Saudi Arabia in 1980s, will hold 15,000 worshippers at a time
Religion has become the newest weapon of choice turning religious practice from a private habit into to a show of power.
(AFP) – MIRANSHAH, Pakistan — A US drone strike on Saturday killed at least three Islamic militants in Pakistan’s restive tribal region near the Afghan border, security officials said. The strike took place in the Datta Khel area of North Waziristan, known as a bastion of the Taliban and Al-Qaeda. The drone targeted a moving vehicle …
The outpouring of rage in Islamic countries isn’t just about a low-budget film insulting the prophet Muhammad. It is the eruption of a volcano that has been simmering for the past eleven years
Rachel Adams enjoys the rich cultural mix of the city’s sights
Possible new directions for Egyptian foreign policy under President Morsy, the spectre of Islamic fascism haunting opponents of the Muslim Brotherhood, possible conspiracies in Sinai, dubious claims of a miraculous wheat harvest and privitisation in the United Kingdom; columnists address a range of issues relevant to Egyptians in today’s column review. Morsy in Beijing …
Salafists protest against cultural events deemed as ‘un-Islamic’
Ahmadinejad to attend the OIC summit in Saudi Arabia
The National Bank for Development (NBD) called on banks holding Islamic licenses to participate in granting an Islamic loan of $120 million to the East Delta Electricity Production Company (EDEPC). Some of the banks expected to participate in the loan include Alwatany Bank of Egypt, the Egyptian Gulf Bank and United Bank. The loan’s period …