Islamic finance is toughening supervision of its powerful religious advisers as shareholders worldwide demand increasing accountability from directors, but key reforms may do little to boost independence and transparency.
(Photo: King Abdullah on a visit to Jordan, July 30, 2010/Muhammad Hamed)
Saudi authorities are taking greater liberty in celebrating the modern monarchy’s anniversary, a sign of their growing clout against clerics who have criticized holidays outside of the Islamic calendar.
(Photo: The Church of the Holy Cross, an Armenian church on Akdamar Island in Lake Van, September 19, 2010/Umit Bektas)
The first Armenian Orthodox ceremony in nearly a century at a church in eastern Turkey was overshadowed on Sunday by a partial Armenian boycott because of the Turkish authorities’ refusal to place a cross on the roof of the building.
The Roman Catholic Church has won praise for securing the release of political prisoners in Cuba, raising hopes it can do more to broker reforms on the communist-ruled island and perhaps even help improve U.S.-Cuba ties.
Saudi King Abdullah has ordered that public religious edicts, or public fatwas, be issued only by clerics he appoints, in the boldest measure the ageing monarch has taken to organise the religious field.
from UK News:
The Church of England has blocked the appointment of a gay clergyman to the role of Bishop of Southwark after a bitter behind-the-scenes battle which has left the conservatives and liberals at loggerheads and possibly weakened the standing of Rowan Williams, Archbishop of Canterbury, media reports said.
Turkey’s new opposition leader has purged key hardline secularists and set a tentative reformist course in a bid to regain ground lost to Prime Minister Tayyip Erdogan’s AK Party government, which critics accuse of secretly pursuing an Islamic state.
Divisions among senior Saudi clerics over the legality of gender segregation could mark a new drive by reformers allied to King Abdullah to push social reforms in the puritanical Islamic state. The divisions came to the open when the kingdom’s morals police, or the Commission for the Promotion of Virtue and the Prevention of Vice, reversed a decision to sack Ahmad al-Ghamdi, its regional head for the Mecca region.
The World Economic Forum, whose annual Davos summit opening today is a favourite gathering for the rich and powerful, has issued an opinion poll showing two-thirds of those surveyed believe the current economic crisis is also a crisis of values. Almost as many singled out business as the sector that should stress values more to foster a better world. “The poll results point to a trust deficit regarding values in the business world,” the Forum said in a statement.