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Risks in Islamic Finance Continue to Concern IMF
May 27, 2015
Although recognizing the comparative advantages of Islamic finance in terms of strong risk management, cultural appeal, and job creation, the International Monetary Fund ("IMF") continues to explore effective mechanisms to improve the lack of standards harmonization and regulatory transparency which continue to present serious risks in the $1.8 trillion global marketplace for sharia-compliant/compatible finance.
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Boko Haram Resurgence in Nigeria Hints at Expanding IS Presence in Africa
May 27, 2015
The Nigerian jihadi group Boko Haram has undertaken a renewed military offensive in a series of targeted territorial advances and female suicide-bomber attacks, strategic and tactical maneuvers associated with the Islamic State ("IS"), which suggests that Nigeria's Islamist militant organization may be rebranding itself as "the Islamic State’s West Africa Province (ISWAP)."
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Tunisia Confronts Challenges of Islamism in Effort to Sustain Arab Spring Liberalization
May 20, 2015
The Tunisian government is facing complex challenges from Islamism which could stall efforts to sustain the liberalizing impulses of the original "Arab Spring" country, as years of religious repression inside Tunisia have given traction to deliberate radicalization efforts from jihadi groups and are beginning to undermine the country's fragile democratization process.
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Saudi Government Recruits Civil Service Executioners for Sharia Punishment
May 20, 2015
The government of Saudi Arabia is actively recruiting to expand its executioner corps, civil servants who are charged with carrying out beheadings, amputations, crucifixions, and stonings, as punishments determined by sharia law under the Kingdom's Wahhabi Islamist regime.
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OIC Urges ASEAN Action on Rohingya Crisis in Myanmar
May 20, 2015
The 57-member-state Organisation of Islamic Cooperation ("OIC") has criticized the Association of Southeast Asian Nations ("ASEAN") for failing to take action to ameliorate the humanitarian crisis involving Myanmar's mistreatment of its Rohingya Muslim population, and is pressing ASEAN on dialogue and engagement with Myanmar.
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