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Smokers not eligible for zakat

18 October, 2018      803

ZAKAT should be given to the poor and needy, regardless who they are. Smokers, though eligible as zakat receivers, should not get zakat since they can afford to buy cigarettes....

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Dubai Culture Announces Islamic Creative Economy Competition in Partnership With DIEDC

17 October, 2018      164

Dubai Culture & Arts Authority (Dubai Culture), the Emirate’s dedicated entity for culture, arts, heritage, and literature, in partnership with Dubai Islamic Economy Development Centre (DIEDC), announced the ‘Islamic Creative...

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Finterra's Waqf chain showcased at Global Islamic Fintech Summit

17 October, 2018      170

KUALA LUMPUR (Oct 2): Finterra, a global cloud-based fintech service provider and platinum sponsor of the world’s first Global Islamic FinTech Summit (GIFS) held here recently, showcased its innovative Waqf...

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Multaqah fi al-Shariqah yabhath Ishkaliyaat wa Huluul Taqaniin al-Muamalaat al-Maliyah al-Islamiyah

16 October, 2018      175

ملتقى في الشارقة يبحث إشكالات وحلول تقنين المعاملات المالية الإسلامية برعاية كريمة من صاحب السمو الشيخ الدكتور سلطان بن محمد القاسمي عضو المجلس الأعلى حاكم الشارقة رئيس جامعة الشارقة، شهد...

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FNB Islamic Banking wins at the Global Islamic Finance Awards

16 October, 2018      143

DURBAN – FNB Islamic Banking was awarded the “Best Islamic Banking Window 2018” award at the Global Islamic Finance Awards (Gifa).  This is the second time that the bank is receiving the award...

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The Wall: Islamic Finance: Value-based intermediation to reinvigorate industry

16 October, 2018      323

After focusing on strengthening the foundations of Islamic finance for three decades, local market players are now delving deeper into the centuries-old financial system’s concept of egalitarianism and social justice....

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PruBSN converts its composite licence to single licence, receives approval to transfer takaful business

15 October, 2018      222

KUALA LUMPUR: Prudential BSN Takaful Bhd (PruBSN) today announced the conversion of its composite licence to single licence in accordance with the legislative requirements of the Islamic Financial Services Act...

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HSBC Malaysian arm issues first Islamic bond tied to UN development goals

15 October, 2018      141

KUALA LUMPUR: HSBC Amanah, the Malaysian Islamic banking arm of HSBC Holdings <HSBA.L>, has raised 500 million ringgit ($120.63 million) worth of Islamic bonds linked to the United Nations' sustainable...

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Indonesia launches cash endowments-linked sovereign Islamic bonds

15 October, 2018      193

NUSA DUA, Indonesia: The Indonesian government launched on Sunday an Islamic bond linked to endowments, aiming to tap into a pool of assets for its fiscal needs. The Waqf Core...

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Morocco sells first Islamic bonds

12 October, 2018      167

Morocco started selling its first Islamic sovereign bonds worth $116mln with a five-year maturity   RABAT - Morocco started selling its first Islamic sovereign bonds worth 1.1 billion dirhams ($116...

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