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  • Counter :
  • 3200
  • Date :
  • 7/9/2003

NCB Aims to Take Islamic Investment Globally

Saudi Arabia’s National Commercial Bank (NCB) seems to have embarked on an interesting new strategy aiming to make Islamic investment products available globally to the Muslim investor. There is only one banking license category in the Kingdom and no Islamic banking law codified.

Nizar Al-Shubaily, head of asset management at NCB, is pragmatic about the strategy. “Today,” he recently said, “we have 75 Islamic funds in Saudi Arabia. Every bank offers one but if you go to theUK, Germany or France, you practically have nothing Islamic to invest in. How can you make an industry global if the products are not available everywhere? Somebody has to take the lead and create products which are available to people everywhere. “We have every intention of making Islamic investment products available globally to the Muslim investor.”

Taken From: http://www.arabnews.com/

Muslim leaders show the way out of airport’s mosque dilemma

Calcutta, A solution to the problem of a mosque next to the tarmac of the airport here and one outside has come up from the Muslim community in the area.Community leaders suggest the government lay off the mosque that is outside the perimeter wall of the airport — and has recently become the target of eviction — by taking a “practical and realistic” view on the one within that has been labelled a security threat.Many within the community have said for the first time that this mosque does “hamper normal operations within the airport and (the problem) should have been taken care of long back”.

Taken From: http://www.telegraphindia.com

USA: “Islam in America” to hold conference

The ISNA-Islam inAmerica is to hold a conference on July 4 this year inDallas,Texas. It says that Muslims inAmerica stand at the threshold of becoming the second-largest religious community. This advancing phenomenon has been the subject of many academic conferences held across the continent. Islam in America is going through many changes since September 11. This conference will help provide a new perspective on the issues relating to Islam and Muslims in America. Muslim and non-Muslim students, scholars, researchers, and specialists will be sharing their thoughts and insights on Islam in America. Research papers will be presented on various aspects of the Muslim Community in America. The papers presented in earlier conferences have been published by University of Indianapolis Press under Islam in America: Images and Challenges, Islamic Horizons magazine and in various professional journals.

Taken From: http://www.islamicnews.org/

Islam in Switzerland

Sheikh Nazar Fakhury, the Mufti of the Muslims of Switzerland, has said that the Swiss people are keen to know more about Islam, and that Muslims are to be found in such cities asGeneva, Zurich, Lausanne, and Basle. He said there are 200,000 Muslim inSwitzerland and that in the last four months 1,500 indigenous Swiss embraced Islam. In an interview with IINA, Sheikh Nazar said that Islam was known in Switzerland since the fourth century (321) of the Hijri calendar, when Muslims came to the country in order to ensure the safety and security of the Islamic state in Andalusia. The first Muslim presence was established then in Sangal, while the Arabs settled in such places as southern Switzerland. Their posterity still boasts of their Arab ancestry.

Taken From: http://www.islamicvoice.com

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