Latest news with #Shari'ah
Al Etihad
3 days ago
- Business
- Al Etihad
Strategic partnership between TRENDS, National Counselling Centre to promote moderation
30 May 2025 12:21 ABU DHABI (ALETIHAD)TRENDS Research & Advisory signed a cooperation agreement with the National Counselling Centre aimed at supporting and consolidating the values of moderation in society, based on a shared vision to promote and reinforce constructive ideas and agreement was signed by Dr. Mohammed Al-Ali, CEO of TRENDS Research & Advisory, and Abdulla Aqeedah Al-Muhairi, CEO of the National Counselling agreement provides a legal and official framework for cooperation in the fields of research and knowledge. It also enhances joint efforts in producing original scientific research based on evidence and facts. Moreover, it contributes to supporting the efforts of both parties through training, as well as the exchange of experiences and Mohammed Al-Ali stressed that this partnership is a key element of TRENDS Research & Advisory's strategy, which prioritises spreading the values of tolerance and highlighted the Centre's ongoing efforts to promote these values in society in cooperation with specialised authorities, explaining that the agreement supports the initiatives and objectives of the National Counselling Centre, particularly in advancing the discourse of moderation and rejecting extremism. For his part, Abdullah Aqeedah Al-Muhairi commended the distinguished efforts made by TRENDS Research & Advisory in establishing the values of tolerance, coexistence, and moderation, which are derived from Islamic law (Shari'ah) and from the composite moral foundation that underpins human development and the advancement of societies. Year of Community Continue full coverage
Daily Maverick
23-05-2025
- Business
- Daily Maverick
Standard Bank Wins Africa's Best Islamic Bank – Two Years in a Row
Standard Bank's Shari'ah Banking has been crowned Africa's Best Islamic Bank for the second consecutive year at the 2025 Euromoney Islamic Finance Awards. The bank also received the award for South Africa's Best Islamic Bank. In 2024, Standard Bank Shari'ah Banking became the first Sub-Saharan African bank to win the title of Africa's Best Islamic Bank. This continued recognition highlights the market's appreciation of Standard Bank's innovative solutions tailored to meet the continent's growing demand for Islamic finance. 'We're honoured to receive this prestigious recognition for the second year running. Being named Africa's Best Islamic Bank reaffirms our commitment to innovation and to delivering principled, Shari'ah-compliant solutions tailored to our clients' unique needs,' says Ameen Hassen, Head of Shari'ah Banking at Standard Bank. He adds that the award reflects the exceptional teamwork driving the bank's efforts to advance Islamic finance across the continent. The Euromoney Islamic Finance Awards honour institutions that have made a significant impact by driving innovation and growth in Islamic banking and finance. Standard Bank Shari'ah Banking has led several industry firsts, including the world's first Shari'ah-compliant Diners Club card, South Africa's first fintech enabled unsecured Shari'ah compliant working capital solution through the Merchant Capital Shari'ah Advance and the first Shari'ah Compliant term facility in South Africa offered by a commercial bank. Over the past five years, its assets have grown by 82%, outpacing the 79% growth in liabilities over the same period. 'We see Islamic finance as a powerful enabler of economic growth in Africa, especially in Sub-Saharan regions, which are home to 18% of the global Muslim population,' adds Hassen.
See - Sada Elbalad
07-05-2025
- Politics
- See - Sada Elbalad
Grand Mufti Chairs Session at International Islamic Fiqh Academy Conference
Mohamed Mandour During his address at the 26th session of the International Islamic Fiqh Academy Conference in Doha, Dr. Nazir Ayyad, the Grand Mufti of Egypt and President of the General Secretariat for Fatwa Authorities Worldwide emphasized that Islamic law has long prioritized the psychological, social, and humanitarian dimensions in matters of legal competence and accountability. He highlighted the growing complexity of mental health issues today and underscored the urgent need for collective ijtihad (juristic reasoning) that integrates Islamic jurisprudence with medical and psychological sciences. Dr. Ayyad explained that Egypt's Dar al-Ifta adopts a rigorous, interdisciplinary approach by engaging with specialists across various fields, including medical professionals, to ensure that fatwas are grounded in both sound scholarship and contemporary realities. This methodology ensures that legal rulings remain relevant, precise, and aligned with the higher objectives of Shari'ah. The Grand Mufti concluded by affirming that acknowledging psychological factors in Islamic legislation is not a departure from scriptural texts, but rather a sincere application of the Shari'ah principles: mercy, justice, and the alleviation of hardship. He urged ongoing collaboration between juristic institutions and experts in medicine and related fields to produce contemporary, human-centered legal frameworks that uphold human dignity, serve the public interest, and contribute to social stability. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple
Mid East Info
06-05-2025
- Business
- Mid East Info
National Bank of Fujairah hosts knowledge-sharing event focused on the sustainability of international markets
Business leaders and industry experts give insights to help NBF's customers sustainably meet global energy requirements Dubai –May 2025 — National Bank of Fujairah (NBF) has hosted the latest in its successful series of knowledge-sharing events on the strategic importance of sustainable frameworks. The event, attended by more than 100 delegates from diverse industries – including both NBF and non-NBF clients – shared strategies and tools to shape the future of business and sustainability in the UAE. Under the theme 'Global Forces Shaping the Sustainability of International Markets in 2025,' the event delved into the challenges and opportunities posed by rapid population growth and the surging demand for energy, which is expected to rise by 70% in 2035. In this context, the UAE has emerged as a leader, recognising the critical need for a diversified and sustainable approach to meet the world's growing energy requirements. The discussion highlighted the UAE's commitment to pioneering solutions that balance innovation, environmental stewardship, and energy security in the face of global pressures. NBF brought together expert speakers and industry leaders to discuss the impact of energy on various industries, the importance of sustainability, turning ideas into action, opportunities in technological adaptation, and how to stay ahead of emerging trends. Keith Bradley, Managing Partner at Living Business, gave an engaging presentation focused on sustainability in businesses and turning ideas into action. In informative panels, Sean Evers, Managing Partner at Gulf Intelligence, James McCallum, CEO & Chairman at Xergy Group and Professor of Energy at Strathclyde University, Niamh McBurney Associate Director at Control Risks, and Robin Mills, Chief Executive Officer at Qamar Energy, discussed the global macroeconomic outlook after three months of the New Trump Administration. In addition, Ashish, Executive for Business Development Strategic Marketing and Communications at NBF, Vimbai Samantha Gwaze, Sustainability Specialist at Monjasa, Dr. Ankur Dana, CEO at Dana Steel Industry LLC, Simon King, Senior HSEQ Manager at Stanford Marine, and Dharmendra Gupta, Financial Controller at Petrochem Middle East FZE explored case studies in the living business programme. The event is part of NBF's ongoing knowledge-sharing series, which has recently covered harnessing AI, ESG implementation and investment management. The series will continue throughout 2025, offering valuable insights to help NBF customers navigate evolving business trends. About National Bank of Fujairah PJSC: Incorporated in 1982, National Bank of Fujairah PJSC (NBF) is a full services corporate bank with strong corporate and commercial banking, treasury and trade finance expertise as well as an expanding suite of personal banking options and Shari'ah compliant services. Leveraging its deep banking experience and market insight within Fujairah and the UAE, NBF is well-positioned to build lasting relationships with its clients and help them achieve their business goals. NBF's key shareholders include the Government of Fujairah, Easa Saleh Al Gurg LLC and Investment Corporation of Dubai. Rated Baa1 / Prime-2 for deposits and A3 for counterparty risk assessment by Moody's and BBB / A-2 by Standard & Poor's, both with a stable outlook, the bank is listed on the Abu Dhabi Securities Exchange under the symbol 'NBF'. It has a branch network of 14 across the UAE.
Saudi Gazette
17-04-2025
- Business
- Saudi Gazette
Madinah Emir inaugurates 45th AlBaraka Islamic Economics Symposium
Saudi Gazette report MADINAH— Emir of Madinah Prince Salman bin Sultan inaugurated the 45th AlBaraka Islamic Economics Symposium at Prince Muqrin bin Abdulaziz University in Madinah on Wednesday. Eminent experts in economics, finance, and investment are taking part in the two-day symposium under the theme "Islamic banking in 50 years: Past achievements and future aspirations." AlBaraka Forum for Islamic Economy Board of Trustees Chairman Abdullah bin Saleh Kamel highlighted the symposium's significance coinciding with the 50th anniversary of Islamic banking. He announced the inaugural Saleh Kamel Islamic Economics Award, designed to honor industry pioneers and advance the sector's principles of commitment, social benefit, and responsible investment. In his speech, Royal Court Advisor and Council of Senior Scholars Member Sheikh Saad Al-Shathri emphasized Saudi Arabia's commitment to Islamic banking, noting that over 85 percent of the Kingdom's banking operations adhere to Islamic principles, a globally unmatched percentage. Jamia Darul Uloom Karachi President and Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shari'ah Board Chairman Sheikh Muhammad Taqi Usmani underscored Islamic banking's role as an ethical and just financial system, balancing Shari'ah objectives with contemporary needs. He stressed that maintaining the system's ethical core and positive societal impact remains a key challenge. The symposium also featured the signing of three memoranda of understanding. These were between the Madinah Principality's non-profit sector center and the Saleh A. Kamel Humanitarian Foundation to enhance social development in the region; Spectreco and AlBaraka Forum for Islamic Economy to develop an Islamic sustainability index integrating Shari'ah compliance with ESG standards; and the University of Jordan and AlBaraka Forum for Islamic Economy to foster academic and training collaboration.
