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Fatwas by the Egyptian Office of the Mufti – 1900- 1989 1. Subject: Prohibition of bank interest. Question: Is the use of Bank money permissible (Halal) or prohibited (Haram) ? Is what is taken of it for trade considered Riba or not (i.e are business loans taken from a bank at a fixed rate of interest considered to be Riba)? …
Read More »Afkham Azeez
Landmarks In The History Of The Muslims Of Sri Lanka
437 BC – King Pandukabhaya ascends the throne. Sets up a separate quarter for the residence of the Yonas, probably Arabs, in Anuradhapura 712 AC – The Arab invasion of Sind prompted by the capture of some Arab women, daughters of merchants who had died in Sri Lanka whom the Sri Lankan sovereign was sending to Iraq 1214 – Magha, …
Read More »Muslim Personalities in Sri Lanka – By Fazli Sameer
The Muslims of Sri Lanka Brief History of the Muslims of Sri Lanka Introduction Sri Lanka, known to the ancients as Ceylon, has been recorded in history books as a country that has had many visitations from foreign travelers throughout the ages. The people are mainly Buddhist, with a complex mixture of Hindus, Muslims, Roman Catholics and other Christian denominations. …
Read More »EXTRACTS FROM THE DIARY OF HAJI ISMAIL EFFENDI AN 1884 CEYLON MOOR TRAVELLER TO EGYPT AND TURKEY by Siddiq Ghouse
Islam in many verses of the Holy Quran urges mankind to travel through the earth. Travelling to perform the Haj in Makkah is compulsory for Muslims meeting certain conditions. Haji Ismail Effendi the father of the late Mohamed Sameer (Ex Chief Trustee of the Maradana Mosque) and late Mohamed Anis & late Sithy Saleema was one traveler who was bitten …
Read More »The financial meltdown and its implications for Islamic banking By Roshan Madawela – Research Intelligence Unit
The mentality of reckless greed and the resulting spread of toxic financial externalities into the ‘real economy’ can be viewed as being diametrically at the opposite end of Islamic finance, in theory at least. This year has witnessed the most serious break-down in the US financial system in some 70 years. However it is not only the US that has …
Read More »Impending Danger – Islamic Investments in Biotechnology By Muhammad Ibn Wazir
It was only recently that a Bahrain-based investment firm announced the launch of a Nanotechnology Fund, a private equity fund which will invest in shares and equity-oriented securities of companies with a particular emphasis on global nanotechnology companies including technology and biotechnology companies which benefit from nanotechnology. Although we do not wish to deal with the issue of nanotechnology which …
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