EVENTS - CONFERENCE - CALL FOR PAPERS - 2nd World Conference on Riba ( deadline March 31, 2011)

 CALL FOR PAPERS

The Riba Conundrum: Impartial outlook from accounting, legal and religious perspectives. 

 “Hence, while the Qur’anic condemnation of the concept and practice of riba is unequivocal and final, every successive Muslim generation is faced with the challenge of giving new dimensions and a fresh economic meaning to this term which, for want for a better word, may be rendered as ‘usury’”

                                                              Muhamad Asad The Message of the Qur’an

Date: 18th-19th July, 2011
Venue: Kuala Lumpur, Malaysia 

REGULATIONS - FIQH - Malaysia To Host 1st World Conference On Riba

PRLog (Press Release) – Oct 19, 2010 – Kuala Lumpur, 20 October 2010: The 1st World Conference on RIBA scheduled to be held in Malaysia on 1 and 2 November 2010 will set the stage for an in-depth and comprehensive deliberation on RIBA or Interest from all perspectives.

BANKING - TAWARRUQ - Tawarruq in Islamic banking is usury: IDB - ongoing controversy

Islamic banks which enforce Tawarruq in their financial and investment operations are involved in usury, which is prohibited in Islam, a senior scholar from the Islamic Development Bank (IDB) has said.

Sheikh Mohammed Mukhtar Al Salami, Head of the Sharia (Islamic) Panel in the Jeddah-based IDB, said many Islamic banks have been involved in such an investment tool in the Islamic banking industry.