Interest, Usury and Islam - Lessons from Islamic and Ethical Finance
03 May 2010: The notion of the moral economy is intrinsic to all the major faiths, each of which has placed ethical boundaries on the behavior of those active in the market. The ten commandments of the Jewish Torah or Christian Old Testament laid down an ethicalYemeni Islamic banks 'wheels for development'
02 Apr 2010: Yemeni Islamic banks have yet to achieve their full potential in supporting the country's development, said participants at a conference on Yemeni Islamic Banks last week. The two-day conference, which addressed the future of Yemeni Islamic banks, wasBank of Ningxia to Spearhead Islamic Finance in China
08 Mar 2010: With encouragement from the China Banking Regulatory Commission (CBRC), Ningxia Hui Autonomous Region is set to take the lead in trialling Islamic financial services in China. If the pilot project is successful, policy makers hope that Islamic financialAbu Dhabi gives $10bn to Dubai
14 Dec 2009: Dubai's government has said it has received $10bn from Abu Dhabi to help it repay an Islamic bond and fund the troubled property developer Dubai World. The announcement on Monday came on the same day Nakheel, the property development unit of Dubai World,German woman banker admits transferring money from rich to help poorer clients
25 Nov 2009: In these financially troubled times, bankers tend not to score too highly on the scale of public admiration, with their bonuses, bailouts and bad loans. But today details emerged of a woman who may confound the popular view that everyone in the industryOverdraft charges: '8m more customers could claim their money back'
24 Nov 2009: New figures from the group show that, of around 12m people who have been hit with bank charges since July 2001, over three in five (63pc) have not asked for their money back. With the Supreme Court's ruling on the test case due on November 25, the banksIraqi Lawmakers Question Oil Deals
09 Nov 2009: Lawmakers from the Iraqi parliament's oil and gas committee on Sunday questioned the legality of petroleum-development deals signed last week with BP PLC, Exxon Mobil Corp. and other big oil companies. The opposition isn't likely to derail the agreement,Livestock exports to jump as Saudi ban lifted
09 Nov 2009: Somali livestock exports to the Gulf States are expected to double to one million animals this month after the Saudi government lifted a long-standing ban, traders and a company official said on Saturday. Saudi Arabia, formerly the biggest buyer of SomaliAbdullah Gul welcomes BRJ to Turkey
07 Nov 2009: JEDDAH: Turkish President Abdullah Gul recently received Mohammed Jameel, president of Abdul Latif Jameel Group and chief job creation officer of the Bab Rizq Jameel (BRJ), at the Presidential Palace in Ankara and commended BRJ’s efforts in fightingDahabshiil Debit Card Makes History in Somalia
02 Nov 2009: Somalia's first ever debit card system has been launched. Dahabshiil, the largest international money transfer business in the Horn of Africa, has launched an "eCash" service that will enable Somalis to pay for goods and services at participating vendors,France court quashes Islamic Finance measure
16 Oct 2009: France's highest constitutional authority on Wednesday struck down a provision of a new law that would have opened up French banking to Islamic finance. The National Assembly last month adopted the measure to allow Sharia-compliant financing despiteTory proposed saving will take five years longer
10 Oct 2009: George Osborne's reputation as a would-be Tory chancellor was unravelling tonight after his claim that he would save £13bn by raising the state pension age was challenged by the respected thinktank that provided the basis for his figures. The NationalThings you (probably) didn't know about your credit record
08 Oct 2009: The three credit reference agencies - Call Credit, Experian and Equifax - now hold an enormous amount of information about us, and any minor indiscretion will be used by lenders as an excuse to refuse a credit application. It is therefore vital to makeSaudi Arabia lifts two-year-old ban on cement product exports
08 Oct 2009: Riyadh: Saudi Arabia's Ministry of Commerce and Industry has lifted the two-year-old ban on exports of cement products. The ministry's decision allows manufacturers of various types of cement products, including cement blocks, hollow bricks and pipes, toThe Cash or Credit Conundrum
07 Oct 2009: Consumers rejoice. Floyd Norris has just penned a piece for the New York Times titled: “Rich and Poor Should Pay Same Price.” Mr. Norris said, it seems “absurd to have a system that requires people who do not use credit to subsidize those who do.Self-employment boost for graduates
05 Oct 2009: Graduates hoping to set up their own businesses will benefit from workshops provided by the Department of Business Innovation and Skills' Flying Start scheme. It aims to kindle the entrepreneurial spirit of 5,000 graduate jobseekers by allowing them toslashnews
CIA accused of ordering kidnap of former Pakistani spy
The wife of Khalid Khawaja claims that her husband, who was once a confidante of Osama bin Laden, was taken at the request of the American intelligence service as he travelled through Pakistan's lawless tribal belt. On Monday a group calling itself the
Yemen court upholds Israel spy's death sentence
A death sentence for a Yemeni man, Bassam Abdullah al-Haidari, convicted of spying for Israel has been upheld by an appeals court. In March 2009, a state security court sentenced the 27-year-old to death after convicting him of establishing contacts with
Mosque building brings Islamophobia fears to Poland
In a sight familiar in some west European countries but new to Poland, dozens of protesters demonstrated in a Warsaw suburb last weekend against the construction of a mosque. Plans by Poland's tiny Muslim community to build a place of worship and an
Puntland president meets with Ethiopian FM
The president of Somalia's Puntland State government Dr. Abdirahman Mohammed Farole has held meeting with Ethiopian Foreign Affairs Minister Seyoum Mesfin in the Ethiopian capital, Addis Ababa. The meeting which was held in Hotel Sharaton, where Puntland