Category Archives: News

Extremists burn a mosque in Berlin

Extremists burn a mosque in Berlin

Gunmen set fire to a mosque in the German capital of Berlin on Saturday night to Sunday.

“Witnesses saw three masked people pouring flammable materials into the mosque,” said Perm Turk, supervisor of the Kuja Sinan mosque, which is headed by the head of Turkish religious affairs in the Rhinkendorf district of Berlin, in an interview with Anadolu.

Turk told the Turkish news agency that the attackers threw flammable material after midnight last night and fled, pointing out that the mosque was completely burned and was not fit to perform prayers.

For its part, said German police that the attack on the mosque was carried out by one of the broken windows, pointing out that the investigations are still underway.

Local media reported that about 60 firefighters were involved in the fire.

Media reports indicated that the police were studying the hypothesis of carrying out the attack for political reasons, pointing out that the attack could be an outlet by national activists extremists or members of the Turkish community.


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Posted by on March 12, 2018 in News



SriLanka declared emergency after anti-Muslim attacks by Extremist Buddhists.

Buddhist extremist mob have attacked 10 mosques, at least 100 shops and 35 homes belonging to Muslims.


The unrest in the district of Kandy began on Sunday as angry mobs made up of the majority Sinhalese ethnic group attacked dozens of Muslim businesses and houses and at least one mosque. At least one person was killed. Hundreds of security personnel, including special forces, were deployed to Kandy on Monday and a curfew was declared there.

Officials feared that the death of a 27-year-old man — who was trapped inside a burning house and who described the attack on the building in an audio recording — could provoke violence across the country.

Mr. Jayasekera said the state of emergency would last 10 days and that law enforcement would also act against “all communal hate speech posts on social media.”


“There were mistakes on the part of the local police in implementing the law. Some of the attacks happened in front of them,” Mr. Jayasekera said


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Posted by on March 7, 2018 in News


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Almost 1,000 attacks on Muslims reported in Germany in 2017

German authorities registered at least 950 attacks on Muslims and their institutions, including 60 against mosques, in 2017, the Neue Osnabrueckner Zeitung reported on Saturday, citing data provided to lawmakers by the Interior Ministry.

The ministry said 33 people were injured in the attacks, some of which involved pig’s blood, the newspaper reported.

Nearly all those responsible for the attacks were right-wing activists, the data showed, according to the newspaper.

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Posted by on March 4, 2018 in News


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Islamic finance is becoming so attractive that even non-Muslims want in

Islamic finance is becoming so attractive that even non-Muslims want in
  • Sovereign Islamic debt issuance by non-Muslim countries is set to hit a 3-year high in 2017
  • Islamic finance complies with Sharia, or Islamic law, which prohibits earning interest and bars funding activities involving alcohol, pork, pornography or gambling
  • The non-speculative nature of Islamic finance can help to ensure financial stability — a reason why it’s gaining traction globally, experts told CNBC
Islamic Bank of Britain was launched in London, England in 2004. The bank has since been renamed to Al Rayan bank.

Islamic finance has traditionally been dominated by Muslim-majority countries in the Middle East and Southeast Asia. Now much of the rest of the world is getting in on it.

Buoyed by the perception of more tranquil market conditions and an improving regulatory backdrop, issuance of Islamic debt by non-Muslim countries is set to climb to a three-year high in 2017, according to Dealogic data.

Islamic financial products comply with Sharia, or Islamic law, and are based on the principles of risk and profit-sharing. Sharia prohibits earning interest on loans, and it bars funding activities involving alcohol, pork, pornography or gambling.

The value of sovereign sukuk, or Islamic bonds, issued outside the Middle East and Southeast Asia by non-Muslim countries reached $2.25 billion in the 11 months through November, data by Dealogic showed. That’s higher than 2016’s $2 billion and more than double the $1 billion recorded in 2015.

Standardisation of Sharia would be advantageous

Fitch on the standardization of Islamic banks  

Islamic finance’s metamorphosis from a niche corner of global banking to a growing source of funding for rest of the world has been aided by a storied list of borrowers who have sold sukuk in recent years.

The government of Singapore was one of the earliest non-Muslim entrants into the space, followed by the United Kingdom, Luxembourg and Hong Kong, which issued their first sukuk in 2014. More recently, African nations such as South Africa, Nigeria and Ivory Coast have made legal and tax changes to, among others, make it easier for borrowers to issue sukuk.

Companies haven’t been far behind, with the likes of Goldman Sachs and General Electric‘s GE Capital also selling Islamic bonds in the past few years.

Chinese entities such as Country Garden and Beijing Enterprises Water Group have also issued Islamic bonds through their Malaysian subsidiaries in 2015 and 2017, respectively. The companies used those proceeds to finance projects in the Southeast Asian country.

“The crisis that took place was a result of excessive speculation, which is harmful. Islamic finance has avoided such pitfalls.” -Ahmad Fuzi Abdul Razak, secretary general, World Islamic Economic Forum Foundation

Experts said the global financial crisis spurred governments and companies to diversify their funding options. Islamic finance is seen as a more stable alternative to the conventional banking system and therefore appealed to borrowers still haunted by the gyrations in global bond and equity markets when the U.S. housing bubble burst, they added.

In addition, the asset class has also attracted the attention of investors taking a more ethical approach to managing their money.

“Heightened appeal for sustainable and responsible investing could also be driving the growth for Islamic finance due to the commonalities in values and shared principles,” Ruslena Ramli, head of Islamic finance at Malaysian credit rating agency RAM, told CNBC.

Variety of categories

There are several categories of Islamic financial products, according to the World Bank:

  • Mudaraba — a financial expert offers specialist investment advice to a customer and they share any profits at an agreed ratio.
  • Musharaka — an investment partnership in which two or more parties, such as the bank and its clients, share profits and losses from a pooled investment at an agreed ratio.
  • Murabaha— the financial institution buys the asset, such as a home or a car, and sells it to a client at a profit. Payment could be in a lump sum or in instalments.
  • Ijara— the financial institution buys the asset and leases it to a customer for a fixed rental payment. The bank retains the ownership but may transfer that to the client eventually.
  • Sukuk — similar to a bond but a sukuk buyer owns part of the underlying asset that is invested for returns.

Sharia principles, which prohibit “speculative-type of businesses,” ensured Islamic finance products were less volatile when global financial markets were rumbled during the debt crisis, said Ahmad Fuzi Abdul Razak, the secretary general of the World Islamic Economic Forum Foundation.

“The crisis that took place was a result of excessive speculation, which is harmful. Islamic finance has avoided such pitfalls,” he told CNBC.

Growing, but still small

Yet, the involvement by those outside the Muslim world is still “sporadic,” experts said. The Middle East and Southeast Asia still account for a large majority of Islamic financial assets. In the sovereign sukuk space, Middle Eastern countries raised $11.85 billion in the 11 months through November, followed by Southeast Asia at $3.96 billion, Dealogic data showed.

Total Islamic financial assets have grown by 10 to 12 percent annually over the past decade to hit $2 trillion. But at less than 1 percent, they remain only a small fraction of global financial assets, according to the International Monetary Fund.

One hurdle standing in the way is the lack of standardization, Fitch Ratings said. Currently, different jurisdictions interpret Sharia differently and there is also variation in how Islamic finance products are structured. Differences in how disputes are resolved and reporting standards are monitored add to the complexity.

“In some cases, there is still little standardization even at a local level, while in others, progress would be needed on a regional, or international, basis,” Fitch said in an October report.

Such divergence in interpretation can deter investors and the progress to resolve that issue will likely be “slow and patchy” given the scale of the challenge, Fitch added.

Experts told CNBC that notwithstanding the challenges, the Islamic finance sector is still poised for growth. The industry’s size is expected to expand further to $3.5 trillion by 2021 as countries and companies look for alternative funding sources, and tap a larger pool of investors.

As an example, Maybank’s head of global banking business, Arshad Ismail, said the sukuk market allows issuers to attract both Muslim and non-Muslim investors and therefore widen their sources of funds.

The financing costs for sukuk are also “generally similar” to conventional bonds as there is more expertise to execute such transactions now, which adds to the product’s appeal, he added.

Yen Nee Lee , CNBC

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Posted by on December 21, 2017 in News, Relax


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Muslim Converts In Britain Increased To Highest In History With 100,000 New Recorded.


via Numbers Of Muslim Converts In Britain Increased To Highest In History With 100,000 New Muslims Recorded — New Muslim Voice

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Posted by on October 21, 2017 in News


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Bishop Converts to Islam, Turns Church to Mosque.

NAIROBI – A Kenyan bishop has converted to Islam and turned his church into a mosque, saying that he could not stand how women wore indecently to his church. “My church was known as Nyalgosi God’s Call Church of East Africa, but it is now Nyalgosi Jamia Mosque,” Bishop Charles Okwany, now Ismael Okwany, told […]

via Bishop Converts to Islam, Turns Church to Mosque — Blogging Theology

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Posted by on October 19, 2017 in News


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Islamophobia News Algorithm !

Islamophobia News Algorithm !


(In the light of Las Vegas terrorist attack)

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Posted by on October 3, 2017 in News