KUALA LUMPUR: Over the past two years, the government generated an income of RM15bil by confiscating assets and reclaiming funds lost to corruption and syndicates, says Datuk Seri Anwar Ibrahim. The ...

Islamic money market transactions amounted to Rs142.6 billion for May 25, 2026, with activity distributed across multiple Shariah?compliant instruments, including Mudaraba and Musharaka, spanning ...

Traditional economic assumptions centred on excessive leverage, debt expansion and short-term profitability are increasingly being questioned amid climate pressures, geopolitical uncertainty, ...

Musicians were beaten by ISIS religious police in Syria for playing an “un-Islamic” keyboard — and the brutes then destroyed the players’ instruments. The ISIS enforcers were seen striking the men ...

Modern Islamic banking is just 35 years old, increasing from US$10 million in 1975 to now over US$250 billion under management with dedicated Islamic banks, together with another US$200 billion with ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In conformity with Islamic banking principles, Spectrum now supports ...

DUBAI (Zawya Dow Jones)--Islamic bankers are finding it difficult to take positions in the market despite high liquidity among investors due to a lack of Shariah-compliant instruments, bankers said ...

Islamic banks in Oman look set to wait many more months for access to additional sharia-compliant money market tools after the central bank ruled out introducing them until the government issues its ...

There have long been questions around the rigour of Islamic finance as practised in the Middle East. Without an overarching regulatory body in place to establish the Shariah compliance standards used ...

Islamic trade finance is of increasing interest, but whether it will be successful depends on market forces. Shariah-compliant trade finance is an ancient tradition with a long history of supporting ...

The University of Sharjah hosted an astrolabe workshop in which western scientists showed participants how an astronomical instrument made by an ancient Muslim scholar nearly 1,000 years ago measured ...