The Pakistan Government is planning to implement an interest-free banking system in the country from 2027 under the Islamic law. What is interest-free banking system? The concept of...
Pakistan raised USD 1 billion loan through Sukuk bond, at a record 7.95% interest rate. Key Points It is the cost that Pakistan has agreed to pay on...
The Law Commission of India is a non-constitutional, non-statutory body constituted by the Government of India from time to time. It was originally constituted in 1955 and is...
Brunei has recently introduced harsh new Islamic laws that make adultery and homsexuality punishable by stoning to death. The new measures also cover a range of other crimes,...
Brunei has enacted a new penal code which falls under Sharia law and imposes death by stoning for adultery and even gay sex, amputations for theft and widespread...
Brunei is to introduce new Islamic law that would make Gay sex an offence, punishable stoning to death. The law comes to force from April 3 2019. It...
Recently, the All India Muslim Personal Law Board (AIMPLB) is in news because it will constitute a committee to advise the method and process for undertaking large scale...
The Reserve Bank of India (RBI) has come up with a proposal for opening of ‘Islamic window’ in conventional banks for a gradual introduction of Sharia-compliant (interest-free) banking...
What is a Islamic Bank? Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Sharia) and...
