Europe

Croatia Exempts Church From Financial Checks

Source: Balkan Insight: Croatia’s government has given a green light to a new law on the financial reporting of non-profit organizations, which omits the country’s powerful Catholic Church from checks. The draft Law on Financial Transactions and Accountancy of Non-profit Organisations introduces stricter regulations and monitoring for the financial transactions […]

The Vatican and Islam Messages of light and dark

The Economist — OVER the past 24 hours, senior representatives of the Catholic church have delivered some mixed messages about Islam. The leaders of the Pontifical Council for Inter-religious Dialogue issued a statement urging the two faiths to work together to ease human suffering, especially in war zones. “We thank the Almighty for […]

Heaven’s Bankers: Inside the Hidden World of Islamic Finance by Harris Irfan, review: ‘noble intentions’ Is sharia-compliant banking just a way of twisting the rules?

By Mona Siddiqui8:00AM BST 19 Jul 2014 Even those who assume to know something about sharia – Islamic law – are reticent to make claims about Islamic finance, so complex is this area of law. So when the phrase “sharia-compliant” first emerged in Western financial sectors in the early Nineties, […]

Heaven’s Bankers: Inside the Hidden World of Islamic Finance by Harris Irfan, review: 'noble intentions' Is sharia-compliant banking just a way of twisting the rules?

By Mona Siddiqui8:00AM BST 19 Jul 2014 Even those who assume to know something about sharia – Islamic law – are reticent to make claims about Islamic finance, so complex is this area of law. So when the phrase “sharia-compliant” first emerged in Western financial sectors in the early Nineties, […]