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Regulatory Advantages Add to Sharia Banking Growth in UK
December 10, 2018
Sharia-compliant retail banks in the UK are demonstrating comparatively strong growth among non-Muslim banking customers, given the comparative advantages created by Islamic finance's exclusion from standard regulatory practices imposed on the non-sharia banks in the UK.
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OIC Stays Engaged on Palestine Issue at the UN
December 10, 2018
The 57-member-state Organisation of Islamic Cooperation (OIC) commended the UN General Assembly vote to upgrade the status of Palestine in the UN machinery and emphasized the OIC commitment to making Jerusalem the capital of the State of Palestine.
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Brits Release Radical Preacher Supportive of IS
December 10, 2018
The British government has released radical Islamist preacher Anjem Choudary, who was convicted under the UK’s Terrorism Act for his radicalization and recruitment for IS and associated extremist groups, under stringent supervisory parole restrictions.
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US Clamps Down on IS Finance Networks
December 10, 2018
The US Treasury’s Office of Foreign Asset Control (OFAC) continued its clampdown on Islamic State (IS) financing networks identified as providers of “financial, material, or technical support” to the Islamist group, imposing sanctions on a money-exchange company based in Iraq only weeks after OFAC sanctions on a company based in the Caribbean.
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Threat from Salafist Islamists Grows in Germany
December 10, 2018
German security and political officials are focusing on policing, intelligence, and education to address what is viewed as a growing threat to the country’s democratic politics in the form of continued growth of Germany’s Salafist population.
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