Tunisia revolt makes Islamist threat ring hollow

January 19, 2011

rcd (Photo: Tunisian protester with political demands on a banner that reads

“No to a government born of corruption” “Ben Ali is in Saudi Arabia and the government is the same (hasn’t changed)” in Arabic and “RCD, clear out!” in French. The RCD is the party of former president Zine al-Abidine Ben Ali.  In Tunis January 18, 2011/Zohra Bensemra)

The absence of Islamist slogans from Tunisia’s pro-democracy revolt punches a hole in the argument of many Arab autocrats that they are the bulwark stopping religious radicals sweeping to power.

U.S. legal win could help Islamic finance counter sharia concerns

By Reuters Staff
January 18, 2011

bankislamA U.S. court decision to dismiss a case alleging that AIG’s (AIG.N) sharia-compliant businesses promoted religious doctrine looks likely to boost confidence in the industry and lift sales of Islamic products in the longer term.

Is free Iraq becoming a more Islamic state?

December 20, 2010

baghdad shi'iteA group of men recently ordered Siham al-Zubaidi to close down her Baghdad hair salon for two months for Shi’ite religious festivities. She had no idea who they were but complied because she feared for her life.

Bashir plans Islamic law if Sudan splits, defends flogging woman

By Reuters Staff
December 19, 2010

sudan (Photo: Sudan’s President Omar Hassan al-Bashir addresses a rally in Gedaref, December 19, 2010/stringer)

Sudan will adopt an Islamic constitution if the south splits away in a referendum next month, President Omar Hassan al-Bashir said on Sunday. The vote on independence for south Sudan is scheduled to start in three weeks and was promised in a 2005 peace deal that ended a civil war between the mainly Muslim north and the south, where most follow traditional beliefs and Christianity.

Guestview: The infliction of the blasphemy law in Pakistan

By Guest Contributor
December 13, 2010

asia bibi 1 (Photo: Protesters demand release of Asia Bibi, in Lahore November 21, 2010/Mohsin Raza)

The following is a guest contribution. Reuters is not responsible for the content and the views expressed are the authors’ alone.  Naeem Shakir is a Lahore-based human rights activist and advocate of the Pakistan Supreme Court.

Top Islamic finance scholars oppose bid to improve corporate governance

By Reuters Staff
December 2, 2010

islamic bankTwo of the Gulf’s top Islamic finance scholars spoke out against efforts to reduce the number of boards they and their peers are allowed to sit on, challenging industry attempts to improve corporate governance. Bankers in the emerging $1 trillion Islamic finance industry say the concentration of hundreds of board positions in the hands of a few sharia scholars leads to conflicts of interest and hampers appropriate supervision.

Saudi Arabia less rigid with Muslims during haj

November 18, 2010

haj (Photo: Haj pilgrims arrive to cast stones at pillars symbolising Satan in Mena, November 16, 2010/Mohammed Salem)

Saudi Arabia’s religious police keep such a low profile during the haj, it’s hard to imagine that you are in Islam’s holiest city.

Islamic finance in Gulf needs regulation boost

By Reuters Staff
November 10, 2010

karachi marketFrom Australia to South Africa, governments are scrambling to change the law to accommodate the $1 trillion Islamic finance industry, whose avoidance of toxic debt has looked increasingly attractive since the global crisis. But in the Gulf Arab region, birthplace of Islam and cradle of Islamic finance, governments have taken a more passive approach, which experts say is slowing the industry’s growth.

Islamic finance outsources scholars’ supervision to grow

By Reuters Staff
November 3, 2010

finance ammanBankers 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.

Short of talent, Islamic finance taps women scholars

By Reuters Staff
November 3, 2010

malaysia islamic finance (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.