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Bahrain Islam News. Service for global professionals. Constantly updated news and information about Bahrain.
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Latest Bahrain Islam News

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  • Shariah has 'priority' in Islamic finance cases 9 Nov 2009 03:31 GMT
    ... KUALA LUMPUR: Islamic law should prevail over secular law when ... Malaysian court hears Shariah finance matters, a religious scholar said, responding to uncertainty in the ... a 2004 case involving Shamil Bank of Bahrain where an English court refused to apply ...

  • Al Salam Europe mulls new deals by year-end -CEO 4 Nov 2009 17:21 GMT
    ... 4 (Reuters) - The European unit of Bahraini Islamic lender Al Salam SSUD.DU is considering real ... about tapping new opportunities, including targeting wealthy Muslims. "We should not forget that there are ...

  • ANALYSIS - Sukuk: safe Islamic investments or risky business? 5 Nov 2009 09:12 GMT
    ... sukuk have been structured and sold as Islamic bonds, but a high-profile default is renewing ... like a debt instrument." AAOIFI, an influential Bahrain-based industry body, defines sukuk as certificates of ... benchmarked against conventional interest rates. But some religious scholars object to this, saying returns should ...

  • Banker survey shows the growth in Islamic finance 6 Nov 2009 04:31 GMT
    ... Has Islamic finance reached a significant size and maturity ... the existing strongholds of Iran, Saudi Arabia, Bahrain, Malaysia and the UAE to Europe, South ... asset-linked strategy provide many attractions to both Muslims and non-Muslims alike, its core structure still ...

  • Saudi troops battle Yemen rebels for fifth day 7 Nov 2009 15:33 GMT
    ... spokesman Ian Kelly said on Thursday. But Bahrain, Kuwait and the United Arab Emirates all ... rebels of seeking to restore the Zaidi imamate that ruled in Sanaa until its overthrow ... deny the charge. An offshoot of Shiite Islam, the Zaidis form the majority community in ...

  • Waqf Can Be Another Source Of Financing, Says Raja Nazrin 6 Nov 2009 05:51 GMT
    ... use of Waqf, more commonly known as Islamic endowment, can be another source of financing ... deepening its acceptibility not only to the Muslim community but also to the non-Muslim world. ... financial centres like Kuala Lumpur, Dubai and Bahrain," he highlighted. He added that the assets ...

  • Malaysian PM warns Islamic financial sector 3 Nov 2009 18:33 GMT
    ... updated: November 3 2009 13:44 The fast-growing Islamic financial sector needs strong regulation to ensure ... agreements with a number of countries, including Bahrain, Dubai and Qatar, to collaborate on developing ... mutual recognition of common standards. However, some muslim academics have said the Islamic sector needs ...

  • Shari'a Compliant Products Preferred Over Conventional Funds By 65 Per Cent Of KSA Population 1 Nov 2009 06:51 GMT
    ... 65 Per Cent Of KSA Population : Islamic banking has allowed the Kingdom of Bahrain to be regarded as a world-class financial ... in other countries, particularly those with huge Muslim populations such as Indonesia, Pakistan, India, Bangladesh, ...

  • Clinton Says Washington Following Through on Obama Cairo Promises 3 Nov 2009 17:11 GMT
    ... Obama in a June speech to the Muslim world. Clinton met foreign ministers from the ... scientific and technological cooperation. "It was the Islamic world that led the way in science ... and Gaza as well as Afghanistan, Algeria, Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, and Libya. ...

  • New York arrives in Middle East, thanks to Mumbai 1 Nov 2009 00:53 GMT
    ... (Rs 7 crore) in the UAE (Dubai, Bahrain and Oman): the biggest collections ever for ... culture. Film scholar Ira Bhaskar, author of Islamicate Cultures of Bombay Cinema says that it ... is “both near and far,” articulates both Muslim victimisation and the need for self-reflection through ...


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