Malaysia Shariah Advisory Council Sees ‘Great Potential’ in Crypto; Unclear Laws Held Back Adoption
A Shariah Advisory Council chairman in Malaysia believes cryptocurrencies have great potential. The comments were made by Dr. Modh Daud Bakar, the Securities Commission Malaysia (SC) Shariah Advisory Council chairman. However, he also highlighted the challenges in adopting these digital assets, given the lack of understanding about the technology among the masses.
Plenty of hard day’s nights ahead for Islamic State pair
Justice looms for the men charged with torturing innocents before killing them. BBC, October 7: Two ex-British alleged Islamic State suspects have been charged in the US with terrorism offences over the killing of four American hostages. Alexanda Kotey and El Shafee Elsheikh are accused of belonging to an IS cell dubbed “The Beatles” involved…
What are Sharia savings accounts and how do they work?
This week saw challenger bank Gatehouse launch the first one-year savings rate to hit 2 per cent in more than 12 months. The bank is Sharia-compliant and is one of a growing number of Sharia banks rising up This is Money's independent best buy savings tables.
ITFC supports SMEs, local exporters and traders during this challenging period: Sonbol
JEDDAH — Hani Salem Sonbol, CEO of International Islamic Trade Finance Corporation (ITFC), was of the view that supporting SMEs and local exporters and enabling them to continue trading during this challenging period is a crucial part of ITFC’s COVID-19 response strategy for sustainable development. He spoke to Saudi Gazette on IsDB Group Private Sector…
Islamic Bank of the Year Awards 2020
The Banker’s Islamic Bank of the Year Awards for 2020 come at a bewildering time for the Islamic finance sector. Like their conventional counterparts, sharia-compliant lenders face a period of significant retrenchment in 2020 on account of the global coronavirus pandemic and its seismic impact on local and regional economies.
Taliban free US and Australian hostages in prisoner swap
The Taliban have released an American and an Australian held hostage since 2016 in exchange for three prominent members of the militant group who were set free by the Afghan government and flown to Qatar the previous day.
Transfer window verdict: how every Premier League club fared
Arsenal know how to leave it late but in adding Thomas Partey to Willian and Gabriel Magalhães they completed a window that will rightly delight Mikel Arteta. The unwanted Matteo Guendouzi and Lucas Torreira have been shifted, on loan at least, although their embarrassment of centre-backs remains far from ideal. Signing Houssem Aouar as well…
French aid worker freed by Islamic extremists in Mali returns to France
A 75-year-old French aid worker held hostage for four years by Islamic extremists in Mali has arrived in France, saying she wants to return to her aid work with malnourished children despite the ordeal.
Blizzard will remove a long-standing fee required to change your gender.
Since 2009, Blizzard has allowed players to change their World of Warcraft character’s gender — if they were willing to pay $15 for the privilege. But 11 years later, Blizzard feels that “it’s not the right message” to ask players to pay to change the gender of their character. The company is planning to remove…
Uighurs accuse China of mass detention, torture in landmark complaint
LONDON — The cries echoing off the walls of the jail frightened and weakened him in equal measure, Mamattursun Omer said. “I didn't see, but I could hear the unbearable screams coming from both sides of the corridor,” the former Uighur detainee said, recalling a period starting in 2017 that he says he spent in…