New Horizon

(Issue 67)

Comment

Islamic Finance - A Way of Life

Feature Islamic Banking and its Mode of Investments, Nasiruddin Ahmed describes in detail the Islamic financing techniques used by Islamic financial institutions in different countries today. He explains the definition of an Islamic bank, and looks at the various modes of investment currently available.
Islamic Finance
Blueprint for an Islamic Financial System
A blueprint of an Islamic financial system prepared by the International Institute of Islamic Economics (IIIE), International Islamic University (IIU), has advised the government to review Pakistan's relationship with the interest-based financial institutions such as IMF and the World Bank, "because of the Divine prohibition of co-operation in Shariah-proscribed matters," writes M Ziauddin
Islamic Investments
Modes of Investment in Islamic Banking
Does zero-rate of interest equal zero-rate of return? Is there an alternative to risk-taking investment? From time to time, questions such as these are asked of Islamic banking by people from all walks of life, and especially by the bankers who are still struggling with a system that presumes integrity and truthfulness. Anwar Ahmed Meenai, discusses the questions.
Book Review

Islamic Finance
Published by FT Finance, Islamic Finance by Rodney Wilson, is a valuable addition to the slowly but steadily growing library of literature on Islamic banking.

Thoughts A Mature Step forward - D8
The coming together of the eight Islamic nations to form a forum for economic co-operation, namely the Developing Eight, should receive a cautious welcome throughout the Islamic world.
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