Bankers in Islamic finance are increasingly outsourcing sharia supervision due to a lack of scholars in the industry, but critics say this is making the sector even less transparent and slowing its development.
(Photo: Islamic Financial Centre booth at Malaysia’s Central Bank – High Level Conference 2009 in Kuala Lumpur February 10, 2009/Zainal Abd Halim)
When Malaysian Aida Othman signed up for the new law programme at the International Islamic University in Kuala Lumpur, she did not expect to become one the few women with their hands on the levers of the world’s $1 trillion Islamic finance sector.
(Photos: One of Dubai Islamic Bank’s women-only branches in Deira, October 26, 2010./Jumana El-Heloueh)
Emirati housewife Sarah Alzarouni brushed past a group of women clad in floor-length black robes, some with only their eyes showing, to enter through the frosted doors of one of Dubai Islamic Bank’s women-only branches. Clutching a Louis Vuitton bag to match her designer head scarf, Alzarouni greeted the female tellers and bank manager with three kisses on the cheek and sat down to do business.
(Photo: Bishops at Mass marking the end of the synod of bishops from the Middle East in St. Peter’s Basilica at the Vatican October 24, 2010/Alessia Pierdomenico)
Pope Benedict called on Islamic countries in the Middle East on Sunday to guarantee freedom of worship to non-Muslims and said peace in the region was the best remedy for a worrying exodus of Christians.
A wave of religious fervour and a backlash by secular liberals has left some ordinary Egyptians feeling like strangers in their own country, and civil rights activists warn of a dangerous drift into sectarianism.
Egypt has temporarily shut 12 satellite channels and warned 20 others for reasons ranging from insulting religions to broadcasting pornography, although an analyst said the real target seemed to be strict Islamic trends.
(Photo: Presidents Christian Wulff (R) and Abdullah Gül, followed by wives Bettina (R) and Hayrünnisa, during official welcome in Ankara October 19, 2010/Umit Bektas)
When German President Christian Wulff recently declared that Islam “belongs to Germany,” Christian Democratic politicians there howled and Muslims living in Germany and Turkey cheered. Now Wulff, on an official visit to Turkey, has told the Turkish parliament that “Christianity too, undoubtedly, belongs to Turkey.” This time there was applause in Germany, and silence from the Turkish deputies listening to him in Ankara on Tuesday.
Hamburg may soon become the first German state officially to recognize Islam as a religious community and give its Muslims the same legal rights as Christians and Jews in dealing with the local administration.
Germany’s inflamed public debate about Islam and integration risks serious overheating as politicians compete to make ever tougher statements criticizing Muslims immigrants they accuse of refusing to fit in here.