Biz Page

Amana opens first Islamic bank in Sri Lanka

Amãna Bank, Sri Lanka’s first licensed commercial bank to operate fully under the principles of Islamic banking, had its official opening yesterday, whilst it will be open for business on Monday. A simple launch event to mark the opening was held at the bank’s Corporate Office at 480, Galle Road, Colombo 3, with Central Bank Governor Ajith Nivard Cabraal attending …

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KITAB AL-FARA’ID (THE BOOK PERTAINING TO THE RULES OF INHERITANCE)

Translation of Sahih Muslim, Book 11:   INTRODUCTION   Inheritance is the entry of living persons into possession of dead persons'property and exists in some form wherever the institution of private property is recognised as the basis of the social and economic system. The actual forms of inheritance and the laws governing it, however, differ according to the ideals of …

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US to hold back $800 mln in aid to Pakistan: report

(Reuters) – The Obama administration will hold back about $800 million in aid to the Pakistani military because Washington is unhappy with Pakistan's expulsion of U.S. military trainers and its campaign against militants, the New York Times reported Saturday.   Relations between the two governments have been strained with the United States wanting Pakistan to intensify its counterterrorism efforts. The …

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Gold, Oil, Africa and Why the West Wants Gadhafi Dead By Brian E. Muhammad

The war raging in Libya since February is getting progressively worse as NATO forces engage in regime change and worse, an objective to kill Muammar Gadhafi to eradicate his vision of a United Africa with a single currency backed by gold. Observers say implementing that vision would change the world power equation and threaten Western hegemony. In response, the United States and …

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