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Islamic Finance - A False Dawn

This article is written by brother Adnan Khan Open up the pages of any newspaper or Financial Magazine and you are guaranteed to find advertisements from banks announcing their latest Islamic finance products. Once perceived as a niche market, Islamic finance today is big business with both local and international banks keen to get in on the act. An increasing number of non-Muslims are adopting Islamic compliant products as awareness of the principles behind Shari'ah finance has grown. In 2008, at least $500 billion in assets around the world were managed in accordance with Shari'ah and the sector is growing at more than 10% per year. Asif Mumtaz, regional head of HSBC Amanah, HSBC's Islamic banking arm, says: "Within this region the Islamic finance industry is evolving from a niche segment to a mainstream one. "It is our informed opinion that within the next eight to 10 years, the industry will capture half of the savings of l.6 billion Muslims worldwide.&qu

Views on the News - 29/10/2009

BBC promotes hatred of Islam and draws record viewers British National Party leader Nick Griffin has used his Question Time on the BBC appearance to criticise Islam .He also told the audience that Winston Churchill would be a BNP supporter if he were alive, and insisted: "I am not a Nazi". He was asked by a member of the audience about why he had described Islam as a "wicked and vicious faith". Mr Griffin said the religion had its "good points... it wouldn't have let the banks run riot" but it did not fit in with "the fundamental values of British society, free speech, democracy and equal rights for women "More than eight million people watched the show, triple its typical audience. At its peak, 8.2 million people tuned into the BBC1 show. Australian MP calls for a debate to curb Muslim immigration Member of Parliament Kevin Andrews on Thursday called for a national debate on whether Muslim immigration to Australia should be curbed. And

Q&A- The Nisaab for Zakah

These are two important questions related to zakah and they have been translated from the book "Selected Fiqh Issues" , It is authored by the Mujtahid  Sheikh Abu Iyas Mahmoud Abdul Latif al-Uweida (May Allah protect him). The book contains 321 issues in the form of questions and answers related to Salah (prayer), fasting, Zakah, Hajj, Umrah, economics, ruling, social relations and Jihad. The Sheikh has selected from the questions which he responded to between 1993 and 2007. The Sheikh has also given express permission to all those wishing to print, publish and distribute the book. The book can be downloaded from: He has also authored a book on the fiqh of fasting entitled, "Al-Jami’ Ahkam as-Siyam" and a book about the way to carry the da’wah, its obligations and characteristics. He has spent long years in the da’wah, he is an activist in the work for Khilafah and a member of Hizb ut-Tahrir. The Sheikh has spent time in prison in Jordan for his da'wah activi

Views on the News - 22/10/2009

Wall Street’s daylight robbery Roughly a year after accepting unprecedented financial aid to shore up its operations, Wall Street firm Goldman Sachs Group Inc. posted yet another impressive quarter that further distances itself from rivals, many of which are still struggling to overcome the credit crisis. The strong results -- a profit of $3.19 billion, or $5.25 a share, for the three months ended Sept. 25, up from $845 million, or $1.81 a share, a year earlier -- were greeted with a barrage of questions about Goldman's decision to set aside compensation at a breathtaking pace; its 31,700 employees are on track to earn an average of about $700,000 apiece in 2009, a record for the 140-year-old firm. Goldman is not alone in this daylight robbery of US tax payers’ money. Morgan Stanley, Wells Fargo and other US banks have also posted huge profits. The profits are a result of Obama’s administration handing over US tax payer’s money disguised as bail out packages to the banks. The

Al-Quds cannot be liberated by resorting to protests and sit-ins…

بسم الله الرحمن الرحيم { هَذَا بَلَاغٌ لِلنَّاسِ وَلِيُنْذَرُوا بِهِ} Al-Quds cannot be liberated by resorting to protests and sit-ins… it can only be restored by mobilizing armed forces to eliminate the Jewish entity! The Jews have been provoking Muslims over the al-Aqsa mosque issue day and night, sometimes by digging beneath al-Aqsa or by storming over it; sometimes they harass the worshippers, sometimes allowing them and at other times preventing them from entering the mosque, all at their own will and whim. Sometimes they send in their men for their rituals, and if the Muslims protest at this, they are confronted either with gunfire thereby killing the Muslims or with detention. And whilst this is the norm, the rulers in the Muslim lands simply count the death toll and compile a list of the injured and arrested persons. Or they merely sympathize with people, allowing them to protest and shout against the Jews and their allies without the threat of arrest or prosecution! Of

Zardari prepares to sacrifice more Muslim soldiers for the sake of America's Raj

بسم الله الرحمن الرحيم In the early days of October 2009, the Zardari regime began to repeatedly announce the need for launching of military operations in Waziristan by the Pakistan Army. These announcements came both after months of the government laying siege against the Muslims of Waziristan, by cutting food and other essential supplies, and after Zardari received his orders from America during his extensive visit there. And these announcements coincided with a wave of horrific attacks with dozens of deaths, hundreds of gravely injured, immeasurable grief for the relatives of those affected and an atmosphere of fear and insecurity throughout the country. This violent wave comprised of an attack in a busy market in Peshawar, on 9 October, and then on the headquarters of the army itself, GHQ, in Rawalpindi on 10 October and then on an army convoy at a market crossroads in Shangla on 12 October 2009. Just as it created confusion and fear before launching the Swat operations to pre