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Africa Projected for Continuing Growth of Islamic Banking
September 23, 2022
A recent report by Moody’s Investors Service projects strong potential for expansion of sharia-compatible/compliant banking and finance across Africa in the next decade, given the Continent’s sizable Muslim population that is notably unbanked, although the international financial research and bond credit rating agency notes that the growth of Islamic banking and finance in Africa will depend on improvements in sharia regulatory and tax and in Islamic banks’ ability to compete with conventional banks for deposits.
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Organization of Islamic Cooperation Will Take Active Role in Upcoming UN General Assembly Opening
September 20, 2022
The Organization of Islamic Cooperation (OIC) plans a full slate of bilateral and multilateral meetings with OIC heads of state and other senior UN diplomatic officials, along with a key meeting of the OIC foreign ministers that is expected to focus on advancing the regional and functional priorities of the global Islamic institution within the context of the United Nations.
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Qatar Convenes 4th IFSB Forum in Signal of Continuing Global Expansion of Sharia Finance & Economics Into ESG, Climate, and Fintech
September 20, 2022
Qatar's Islamic regime convened the 4th Islamic Financial Services Board (IFSB) Innovation Forum, an annual event bringing together major stakeholders committed to advancing sharia-compliant/compatible banking, finance, and economics worldwide, with this year's Doha forum focused on the integration of Islamic financial services with global models and practices on ESG (environmental and social governance), climate change, and Fintech (financial technology).
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Iran's Morality Police Spark Protests After Woman's Death for Violating Hijab Rules
September 20, 2022
Widespread demonstrations have erupted in Iran as protest against the death of a young women in custody of Iran's "Guidance Patrols," the morality police that monitor and punish women for not adhering to the country's strict sharia policy of hijab headscarves, with in-person and online demonstrators condemning the morality police as responsible for her death over her alleged violations of the Islamist regime's hijab policy.
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IS Branches in South Asia Target Russia as a Crusader State
September 14, 2022
The Islamic State Khorasan Province (ISKP) has carried out a series of high-profile, targeted attacks against Russian diplomatic sites in Afghanistan, Tajikistan, and Uzbekistan over the past several months, indicating that the Islamist extremist group views Russia as an “Eastern Crusader” state akin to the “Western Crusader” states of the Transatlantic Alliance.
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