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Report Shows Rapid Growth of Islamic Finance in Asia
May 11, 2018
A new report by the Malaysia International Islamic Finance Center and Saudi-based Islamic Corp for the Development of the Private Sector indicates that Asia is the world’s fastest-growing region for Islamic finance, driven by demand for Islamic banking products and by the expansion of sharia finance to non-Muslim-majority countries.
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Sectarianism, Saudi-Iran Struggle Shape Iraqi Elections
May 11, 2018
Saudi Arabia and Iran are working behind the scenes to cultivate Sunni-versus-Shiite sectarian clients in Iraq’s electoral politics in the run-up to Iraq's first parliamentary elections since the military defeat of Islamic State forces, creating impediments to a post-sectarian, stabilizing reconfiguration of Iraqi politics and society.
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Wahhabism Presents Impediments to Saudi Reform
May 11, 2018
History and current evidence indicate that the social hegemony of Saudi Arabia's Wahhabist religious establishment and the traditionalist economic culture of institutionalized bribery remain severe impediments to any liberalizing shift beyond the extremist Islamist theology and terrorism associated with many of the world's jihadi groups.
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Mosque Call to Prayer Spurs Debate on Islamic Europe
May 10, 2018
Sweden’s police have granted a permit for the Muslim call to prayer to be broadcast from the local mosque in the town of Växjö, provoking intense political debate about the impacts of the country’s growing, refugee-related, Muslim population in public order and social cohesion.
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IS Goes on Offensive in Somalia
May 10, 2018
The Islamic State (IS) branch in Somalia continues to increase its attacks against the Somali government, pushing to impose sharia law across the geopolitically crucial East African country and, in the process, to establish hegemony over the competing al-Qaeda affiliate faction of al-Shabaab.
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