Australian tax laws should be amended to attract Islamic finance and other forms of alternative finance to benefit the economy, says CPA Australia. In a submission to the Board of Taxation, CPA Australia says Islamic Finance will ultimately boost the Australian economy and help establish Australia as a financial services hub in the Asia-Pacific region. … Continue reading CPA Australia – Accommodating Islamic finance critical to Australia’s economic future
By Imran Khan, Pakistan politician My generation grew up at a time when colonial hang up was at its peak. Our older generation had been slaves and had a huge inferiority complex of the British. The school I went to was similar to all elite schools in Pakistan. Despite gaining independence, they were, and still … Continue reading Why The West Craves Materialism & Why The East Sticks To Religion
The yearly examination results announcement season is here again and as usual the nation celebrates the achievements of top scorers not realizing that Malaysians' preoccupation with "scoring" in school examinations does no one any favours. For the high-achieving students themselves, it instills the perception that straight A’s are the be-all and end-all of school life. … Continue reading The race to score A’s and its implications
After centuries of stagnation science is making a comeback in the Islamic world THE sleep has been long and deep. In 2005 Harvard University produced more scientific papers than 17 Arabic-speaking countries combined. The world’s 1.6 billion Muslims have produced only two Nobel laureates in chemistry and physics. Both moved to the West: the only … Continue reading Islam & Science -The road to renewal
Islam is a religion established by reason and evidence, and the supreme bases of its teachings are the Quran and the Sunnah. Islam does not exist without reason, and any utterance beyond reason is unworthy of association with it. Islam is the religion of Allah the Creator, the Omniscient. It is therefore impossible to find … Continue reading Fact and Evidence in Islam
All praise is due to Allâh and may His peace and blessings be upon his last Messenger sallallâhu 'alayhi wa sallam and on all those who follow the path of righteousness until the last day. We have to answer the most fundamental question that every human being asks himself at some point in his or … Continue reading Why were we Created?
OF MALAYSIA’S claims to fame, leadership in financial services is not an obvious one. Yet in some ways the country is the world’s most important Islamic-finance centre. Just over a fifth of the country’s banking system, by assets, is sharia-compliant; the average for Muslim countries is more like 12%, and often a lot less. Malaysia … Continue reading Banking on the ummah – Malaysia leads the charge in Islamic finance