|
(Issue 58)
|
| Comment |
Has
the Islamic Finance Market Truly Arrived ?
|
| Feature |
Comment
on Shaikh Al-Azhar's Fatwa Against Life Insurance
Life insurance policies can protect widows, orphans and
other dependants from unexpected financial risk. But if
conventional insurance policies are Haram, is there an
alternative? Mohammed Masum Billah discusses Shaikh
Al-Azhar's fatwa against life insurance policies. Billah
argues that Islam provides an alternative approach to
life insurance that is interest-free. |
|
Islamic
Banking
|
A
Model Islamic Bank is the Need of the Hour, Dr Shahid
Hasan Siddiqui, Director General, Institute of Islamic
Banking and Insurance, has long been an advocate of establishing
a model Islamic bank. Improper implementation of government
policies on Interest-Free banking in Pakistan, mean that
Islamic banking is too reliant on conventional operations.
Dr Siddiqui urges corrective action. |
|
Islamic
Funds
|
Faisal
Finance Launches Adil Islamic Growth Fund in Labuan
Geneva based Faisal Finance (Switzerland), a subsidiary
of Dar al-Maal al-Islami, in co-operation with Innosabah
Group Malaysia launched the Adil Islamic Growth Fund at
a high profile ceremony at Labuan, Malaysia on 23 October,
1996. The Federal Territory of Labuan is the latest International
Offshore Financial Centre (IOFC) in the region, with a
strategic location approximately 10 km south-east off
the coast of Sabah. The island was declared an IOFC on
1 October 1990, and to date there are 602 offshore companies
registered there. |
| IIBI
Forum |
IIBI
Shariah Scholars provide answers to questions and issues
pertinent to Islamic banking
|
| IIBI
News |
Report on Institutes Activities
|
| News
Monitor |
New
Horizon reports on recent developments within the Islamic
financial world
|
