Latest in Highlight

Advertising Area





Latest in


Qatar’s Masraf Al Rayan buys Islamic Bank of Britain

Reuters – Masraf Al Rayan, Qatar’s largest sharia-compliant bank by market value, said on Thursday it had completed its acquisition of Islamic Bank of Britain (IBB). Al Rayan did not disclose the terms of the purchase. IBB was majority-owned by another Qatari lender, Qatar International Islamic Bank, which had been in discussions with Al Rayan over a sale since mid-2012. Al Rayan said in a bourse …

Daily News Egypt

A big question mark on the Islamic finance industry

By Muhammad Zubair Mughal Apparently, it is a matter of pleasure that global volume of Islamic finance industry has crossed $1.3tn approximately, which is, definitely, providing the best and compatible sources of finance with interest free modes.  According to a careful estimate, there are more than 2000 Islamic Financial Institutions offering Islamic Banking, Islamic Insurance …

Daily News Egypt

The good Muslim

Religion has become the newest weapon of choice turning religious practice from a private habit into to a show of power.

Sara Abou Bakr

US drone strike kills three in northwest Pakistan

(AFP) – MIRANSHAH, Pakistan — A US drone strike on Saturday killed at least three Islamic militants in Pakistan’s restive tribal region near the Afghan border, security officials said. The strike took place in the Datta Khel area of North Waziristan, known as a bastion of the Taliban and Al-Qaeda. The drone targeted a moving vehicle …

Daily News Egypt

Shahira Amin

The volcano erupts

The outpouring of rage in Islamic countries isn’t just about a low-budget film insulting the prophet Muhammad. It is the eruption of a volcano that has been simmering for the past eleven years

Shahira Amin

Review: Washington, witch hunts and wheat

Possible new directions for Egyptian foreign policy under President Morsy, the spectre of Islamic fascism haunting opponents of the Muslim Brotherhood, possible conspiracies in Sinai, dubious claims of a miraculous wheat harvest and privitisation in the United Kingdom; columnists address a range of issues relevant to Egyptians in today’s column review.   Morsy in Beijing …

Daily News Egypt

National Bank for Development aids the completion of new electricity plant

The National Bank for Development (NBD) called on banks holding Islamic licenses to participate in granting an Islamic loan of $120 million to the East Delta Electricity Production Company (EDEPC). Some of the banks expected to participate in the loan include Alwatany Bank of Egypt, the Egyptian Gulf Bank and United Bank. The loan’s period …

Daily News Egypt

End of Section