Islamic Banking has experienced a compound annual growth rate of 20 percent over the past three years and is predicted to almost double to $1.8 trillion in assets by 2016, yet suspicion is still present on the power of Islamic banking to eliminate the problem of leverage:
In “proceedings which could write legal history,” a “German federal court backed banning a Muslim pupil from praying according to Islamic rites at a Berlin public school, ruling it could jeopardise its smooth operation,” despite the fact that the right to pray, even during school, is a religious freedom guaranteed by the German constitution:
- School Allowed to Ban Muslim Pupil’s Praying (The Local)
- Muslims of France (Al Jazeera)
“Turkey is a Muslim state with people from different religious sects living in peace” and its influence in the Middle East is on the rise as it holds the Sixth Trilateral Summit between Turkey, Pakistan and Afghanistan …
- Afghan Religious Figures, Diplomats Come Together in Istanbul (Today’s Zaman)
- Turkey Slaps Economic Sanctions on Syria (Boston Globe)
- Resumption of Israeli Transfers Averts PA Crisis (AP / Newsday)
- After War in Iraq, Biden Heralds New Era of US Involvement (Christian Science Monitor)
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