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External sharia audits gain traction in Islamic finance: study

KARACHI: External sharia audits are gaining support in Islamic finance as consumers and regulators seek more transparency and accountability, a study has found. Islamic banks...

Islamic State says Dhaka cafe slaughter a glimpse of what’s coming

DHAKA: Islamic State has warned of repeated attacks in Bangladesh and beyond until rule by sharia, Islamic law, is established, saying in a video last week's killing of 20 people in a Dhaka cafe was merely a glimpse of what is to come.

Maulana Sheerani’s appointment as CII chief challenged

ISLAMABAD: Maulana Mohammad Khan Sheerani’s appointment as chairman of the Council of Islamic Ideology (CII) has been challenged in the Islamabad High Court (IHC) on Thursday.

Lal Masjid Shuhada Foundation opposes Maulana’s pardon to Musharraf

ISLAMABAD: Lal Masjid Shuhada Foundation has opposed the decision of cleric Maulana Abdul Aziz to forgive former president Pervez Musharraf over military operation and termed it against Sharia.

Growth in Islamic Banking encouraging, says Mamnoon

ISLAMABAD: President Mamnoon Hussain on Monday said that the federal government is focusing on the promotion of Islamic Banking in the country.

Islamic Index launched at KSE

KARACHI: Finance Minister Ishaq Dar has said that those who were forecasting bankruptcy of Pakistan have been buried with their grim prophesies.

Police siege of Laal Masjid forces Aziz to cancel his rally

ISLAMABAD: Khateeb of Islamabad's Laal Masjid, Maulana Abdul Aziz on Friday announced a rally as part of a campaign to impose Sharia across the country, which was cancelled after the administration chipped in, ARY News reported.

Racist anti-Muslim flyer in UK pub

LONDON: A customer of a restaurant in the United Kingdom was taken aback when saw an anti-Muslim poster on display of the shop's notice board.

At least 40 killed in Nigeria bus station blast

YOLA, NIGERIA: A roadside bomb tore through a bus station near a busy junction in northeast Nigeria on Thursday, killing 40 people including five soldiers, witnesses and a security source on the scene said.

Indonesia sharpens centralised Islamic finance oversight

JAKARTA: Indonesia's capital market regulator has signed an agreement with the country's national sharia board to strengthen oversight of the Islamic finance industry, supporting a centralised approach being favoured elsewhere around the globe.

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