Islamic Finance Today (IFT), a quarterly magazine exclusively devoted to the Islamic Finance and Banking industry which is published in Sri Lanka has earned a top place among other leading Islamic financial  publications worldwide.  A recent research report titled Islamic Finance and Economics as Reflected in Research and Publications by Dr.Nazim Ali of Harvard Law School, Massachusetts lists Islamic Finance …

It is indeed a matter for regret that we in the Muslim world, are often quick to point at the injustices committed by non-Muslims, while we conveniently ignore those perpetrated by Muslim regimes and groups in the name of Islam. We often forget the maxim that we should put our own house in order before we set out to put …

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)? …

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, …

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. …