Islamic Finance

Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country's counter-terror authorities show. Israel's National Bureau for Counter Terror Fi...

Finance Minister Ishaq Dar on Friday said Pakistan is the only country founded in the name of Islam and Allah is responsible for its development and prosperity, as the cash-strapped nation faced an acute balance of payments crisis.

A former student from a US university was recently sentenced to seven and a half years behind bars for hiding financing to the Islamic terrorist group, Al-Qaeda. She was ordered to spend 10 years of "supervised release" following the prison term.

MBA-Islamic Banking and Finance has been introduced in the Department of Business Administration as a full-time two-year course.

Iranian President Hassan Rouhani rejected Foreign Minister Mohammad Javad Zarif's resignation on Wednesday, saying the departure of the public face of the Islamic republic's detente with the West would be against its best interests.

After more than a decade, chartered accountants' apex body ICAI has introduced revised syllabus for students with major revisions.

In a hint that the crackdown into terror financing in Kashmir could reach the doors of prominent Hurriyat leaders too, the National Investigation Agency has reportedly seized a list of 150 terrorists in Kashmir valley from a separatist Shahid Ul Islam arrested last month.

Indian Centre for Islamic Finance said if the RBI proposal becomes a reality, huge investments from countries like the UAE, Qatar and Bahrain will flow into India.

The RBI said it would explore introducing interest-free banking products in consultation with the government, a key detail as this opens the prospects of supportive legislation.

Turkmenistan is in talks with the Islamic Development Bank, the Saudi Fund for Development and Japan's government on financing the construction of a gas pipeline to Afghanistan, Pakistan and India, a project official said on Saturday.

Leading Indian banks have the capacity to launch a South Asian Shariah Fund to capitalise the region's untapped market for Islamic finance which requires multi-billion dollars of financing annually.

A US aircraft bombed an ISIS cash distribution site in Iraq on Monday, part of efforts by the American-led coalition to disrupt the militant group's financing of its activities, the US military said.

Finance ministers from the UN Security Council unanimously adopted on Thursday a wide-ranging resolution aimed at ramping up sanctions against the Islamic State group and cutting off its revenue flows.

France's finance minister will discuss with his U.S. counterpart on Thursday how to standardise rules across countries to prevent small, anonymous money transfers believed to be used to finance attacks such as Islamic State's assault on Paris in November.

President Vladimir Putin said today that Russia supported a US-backed draft resolution aimed at ramping up sanctions against the ISIS and cutting off its revenue flows.

Israel has seized around 190 crypto accounts at crypto exchange Binance since 2021, including two it said were linked to Islamic State and dozens of others it said were owned by Palestinian firms connected to the Islamist Hamas group, documents released by the country's counter-terror authorities show. Israel's National Bureau for Counter Terror Fi...

Finance Minister Ishaq Dar on Friday said Pakistan is the only country founded in the name of Islam and Allah is responsible for its development and prosperity, as the cash-strapped nation faced an acute balance of payments crisis.

A former student from a US university was recently sentenced to seven and a half years behind bars for hiding financing to the Islamic terrorist group, Al-Qaeda. She was ordered to spend 10 years of "supervised release" following the prison term.

MBA-Islamic Banking and Finance has been introduced in the Department of Business Administration as a full-time two-year course.

Iranian President Hassan Rouhani rejected Foreign Minister Mohammad Javad Zarif's resignation on Wednesday, saying the departure of the public face of the Islamic republic's detente with the West would be against its best interests.

After more than a decade, chartered accountants' apex body ICAI has introduced revised syllabus for students with major revisions.

In a hint that the crackdown into terror financing in Kashmir could reach the doors of prominent Hurriyat leaders too, the National Investigation Agency has reportedly seized a list of 150 terrorists in Kashmir valley from a separatist Shahid Ul Islam arrested last month.

Indian Centre for Islamic Finance said if the RBI proposal becomes a reality, huge investments from countries like the UAE, Qatar and Bahrain will flow into India.

The RBI said it would explore introducing interest-free banking products in consultation with the government, a key detail as this opens the prospects of supportive legislation.

Turkmenistan is in talks with the Islamic Development Bank, the Saudi Fund for Development and Japan's government on financing the construction of a gas pipeline to Afghanistan, Pakistan and India, a project official said on Saturday.

Leading Indian banks have the capacity to launch a South Asian Shariah Fund to capitalise the region's untapped market for Islamic finance which requires multi-billion dollars of financing annually.

A US aircraft bombed an ISIS cash distribution site in Iraq on Monday, part of efforts by the American-led coalition to disrupt the militant group's financing of its activities, the US military said.

Finance ministers from the UN Security Council unanimously adopted on Thursday a wide-ranging resolution aimed at ramping up sanctions against the Islamic State group and cutting off its revenue flows.

France's finance minister will discuss with his U.S. counterpart on Thursday how to standardise rules across countries to prevent small, anonymous money transfers believed to be used to finance attacks such as Islamic State's assault on Paris in November.

President Vladimir Putin said today that Russia supported a US-backed draft resolution aimed at ramping up sanctions against the ISIS and cutting off its revenue flows.