Sri lanka Muslims Web Portal Sri Lanka Muslims News Center
Islamic finance is growing at a phenomenal rate worldwide, not only in the Muslim world, but even in the West which has a thriving Islamic Finance industry. So said Muhammed Ikram Thowfeek, Founder and Managing Director of First Global Academy (FGA). He was speaking on the occasion of the Academy’s 2013 Awards Presentation under the theme ‘Translating intention to action’. …
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An islamic Approach in Business Ethics
Ethics may be defined as the set of moral principles that distinguish what is right from what is wrong. Ethics has a twofold objective: it evaluates human practices by calling upon moral standards; also it may give prescriptive advice on how to act morally in a given situation. Ethics, therefore, aims to study both moral and immoral behaviour in order …
Read More »The Dying Dollar By Paul Craig Roberts
Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base. Now China is going to let the dollar decline further in value. China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of …
Read More »Cameron unveils Islamic bond plan – bbc.co.uk/
Prime Minister David Cameron has announced that the UK will become the first non-Muslim country to issue an Islamic bond. At the World Islamic Economic Forum (WIEF) in London, he also announced plans for a new Islamic index on the London Stock Exchange. It is intended to attract more Islamic investors by making it clearer which companies match their criteria. …
Read More »U.S. Treasury Warns of What’s to Come: “Catastrophic Effect… Could Last for More Than a Generation”
The next time someone tells you that the US government is operating in a fiscally sustainable manner and that our economy is growing strongly point them to the latest report from the U.S. Treasury Department. According to the new report released yesterday all of our worst fears may soon be realized should the United States default on its obligations to creditors, …
Read More »London steps up Islamic finance ambitions (Reuters)
Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach $2.6 trillion by 2017. Aiming to build on London's status as a leading exporter of financial services, Britain hopes to step up the challenge to Islamic finance centres such as Dubai and Kuala …
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