News: 16-Feb-10

Reading Time: 2 minutes
  1. Yemen rebels hand over one Saudi soldier: TV
    DUBAI – Yemeni Shia rebels believed to be holding five Saudi soldiers captive have handed over one missing soldier to a ceasefire committee, Al Jazeera television reported on Monday.
  2. Six killed in heavy rain in Makkah
    RIYADH – A family of six died when the wall of a soccer stadium collapsed onto their home in heavy rain in holy city of Makkah, a diplomat said on Monday.
  3. Taliban bastion ‘almost’ under control
    Afghanistan’s military said Monday that US-led troops had almost taken control of a key Taliban bastion, although pockets of stiff resistance remained.
  4. Pakistani Lawyers Boycott Courts
    Pakistani lawyers boycotted courts Monday in a protest against the government over its row with the country’s top court on the appointment of judges, as rival political groups clashed in many cities.
  5. Islamic finance yet to move out of crisis
    MANAMA (Reuters) – The fledgling Islamic finance industry is still growing thanks to new markets and an inflow of oil money, but it is struggling to leave behind the legacy of the global financial crisis in the form of a real estate crash in the Gulf Arab region.
  6. Indonesia Islamic insurance growth to ease to 30 percent
    JAKARTA (Reuters) – Premium growth in Indonesia’s Islamic insurance, or takaful, market could moderate to 30 percent this year from a blistering 50-60 percent in recent years, a top official told Reuters.
  7. Prime Rate eyes $250m Islamic overnight fund
    LONDON (Reuters) – UK-based cash management firm Prime Rate Capital is aiming to raise $250 million for an Islamic cash fund that it says will be the first of its kind to provide sharia-compliant overnight liquidity.
  8. Unicorn mulls Dubai Group’s Bank Islam stake
    MANAMA (Reuters) – Bahrain’s Unicorn Investment Bank is studying a possible acquisition of Dubai Group’s stake in Malaysia’s Bank Islam, its head of strategic mergers and acquisitions said on Monday.
  9. HSBC seeks big growth, sukuk pickup in 2010
    DUBAI (Reuters) – HSBC (HSBA.L) expects double-digit revenue growth this year in its Amanah Islamic banking division and more sukuk mandates than in 2009, Razi Fakih, deputy chief executive of Amanah told Reuters.
  10. Imam Reza (A) Stabilized the Shia Imamat
    What Imam Reza (A) did in Neyshabur introduced the pure Islam and stabilized Imamat before and after himself / After the time of demise of prophet (A) until the time of Imam Reza (A) there were made a lot of deviations in Islam and more than 100 deviant schools and sects formed / Imam Reza (A) could reject deviant schools and sects and demonstrate the correct way. Therefore, there was no deviation between Shia sects after the Imam Reza (A).

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