KUALA LUMPUR: Over the past two years, the government generated an income of RM15bil by confiscating assets and reclaiming funds lost to corruption and syndicates, says Datuk Seri Anwar Ibrahim. The ...

Indonesia is sitting on a trillion-dollar opportunity to turn its global diaspora into a powerhouse for the domestic sharia ...

Islamic banks in Oman look set to wait many more months for access to additional sharia-compliant money market tools after the central bank ruled out introducing them until the government issues its ...

Oversubscribed by 2.35 times, the transaction underscores the resilience of demand for IILM’s highly rated Shari’ah-compliant ...

Musicians were beaten by ISIS religious police in Syria for playing an “un-Islamic” keyboard — and the brutes then destroyed the players’ instruments. The ISIS enforcers were seen striking the men ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In conformity with Islamic banking principles, Spectrum now supports ...

DUBAI (Zawya Dow Jones)--Islamic bankers are finding it difficult to take positions in the market despite high liquidity among investors due to a lack of Shariah-compliant instruments, bankers said ...

Modern Islamic banking is just 35 years old, increasing from US$10 million in 1975 to now over US$250 billion under management with dedicated Islamic banks, together with another US$200 billion with ...

Islamic trade finance is of increasing interest, but whether it will be successful depends on market forces. Shariah-compliant trade finance is an ancient tradition with a long history of supporting ...

The University of Sharjah hosted an astrolabe workshop in which western scientists showed participants how an astronomical instrument made by an ancient Muslim scholar nearly 1,000 years ago measured ...