A seminar on academic contributions of Dr. Mohammad Nejatullah Siddiqi was organized by Board of Islamic Publications at Afzal Husain Auditorium, IIISR, Delhi on 24 February. During the program a book “Essays on Islamic Economics and Finance,”, highlighting some of...
Of late it has begun to dawn on the Muslims of the sub continent to do money transactions according to Islamic Shariah where interest based transactions are proscribed. Though, the clergy too remained mired in a confused state vis a vis the current banking system...
By Shahbaz Alam Nadwi The global Islamic economy has gained an increasingly strong foothold in the world economy, driven by increasing Muslim consumer demand for dedicated products and services compliant with Islamic law that has developed the global sub-sectors of...
New Delhi: Jamaat-e-Islami Hind (JIH) President Mr.Syed Sadatullah Husaini has launched a charitable body, Zakat Center India (ZCI). In an event held at the JIH Headquarters, the JIH President has asserted that Zakat, which is one of the Five Pillars of Islam, is not...
By Danish Reyaz Although the commercial banking system has propagated to far-flung areas, a large chunk of people, especially the poor, still remain out of their bounds. Reasons are many, including banks own reluctance towards disbursing small loans to these people....
Jeddah: The Organization of Islamic Cooperation (OIC) called on Islamic countries to help victims of natural disasters, conflicts, and wars around the world on Wednesday. The OIC also encouraged strengthening Islamic Solidarity in humanitarian aid for disaster and...
South Africans across the board voted for Sooliman, putting Deputy Chief Justice Raymond Zondo in second place Johannesburg: Indian-origin philanthropist and founder of disaster relief group 'Gift of the Givers', Dr Imtiaz Sooliman has won the prestigious South...
The fund will be operated through Islamic Development Fund NEW DELHI — The Organisation of Islamic Cooperation (OIC) has set up a humanitarian fund to be operated by the Islamic Development Bank (IDB) to help avert the humanitarian and economic crises in...
By Dr Shariq Nisar Economic historians argue that the term “Islamic Economics” was used first time in colonial India when Ulema were playing an active role in the country’s independence struggle. The period 1930 onwards is characterized by writings on Islamic...
By Syed Ilyas Basha Crypto-currency is an asset in virtual form, made available by its launchers for trading activities. It is exchanged in lieu of internationally tradable currencies like US Dollars, Euro etc. Though it sounds so but it is not a currency in that...