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Islamic Development Bank Plans to Expand Sharia Finance in Africa
April 08, 2015
The President of the Islamic Development Bank, the main financial institution of the 57-member-state Organisation of Islamic Cooperation ("OIC"), announced plans for robust expansion of sharia-complement/compatible finance throughout Africa as a means to accelerated economic development on that continent.
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Somali Islamist Terror Group Targets Christians in Lethal Attack on Kenyan University
April 08, 2015
The Somalia-based Islamist terror group al-Shabaab carried out a lethal attack on students at the Garissa University College in Kenya, explicitly targeting Christian students as "infidels in a Muslim land under colony" and pledging to use continuing violence to overthrow "the Christian government of Kenya" and to establish a sharia state that incorporates Somalia, Kenya, and other states in East Africa.
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OIC Calls for Global Muslim Solidarity for Pilgrimages to Jerusalem
April 08, 2015
Representatives of the 57-member-state Organisation of Islamic Cooperation’s ("OIC") Commission for Economic, Social and Cultural Affairs met in Saudi Arabia, calling for increased social, cultural, and economic integration of member-states and for global Muslim solidarity to support regular, coordinated pilgrimages to the Al-Aqsa Mosque in Jerusalem (al-Quds).
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ASEAN Economic Integration Likely to Accelerate Globalization of Sharia Banking and Finance
April 01, 2015
Economic development and finance experts anticipate that the ongoing acceleration of the formal economic integration of the Association of Southeast Asian Nations ("ASEAN") will grow both globalization of demand and supply of sharia-compliant banking products and financial markets, making Southeast Asia a major market for the expansion of associated sharia ideas and practices.
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Islamic State Uses International Financial Networks to Fund Global Islamist Terror
April 01, 2015
The recent inaugural meeting of the Counter-ISIL Finance Group meeting in Rome formalized an action plan, in coordination with the multinational Financial Action Task Force ("FATF"), designed to target, disrupt, and terminate the Islamic State's ("ISIL/IS") successful use of international financial networks to fund global Islamist terror.
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