Pakistani party rejects foreign concerns over deal with militants

The ruling party in Pakistan's troubled North West Frontier Province (NWFP), which recently concluded a peace deal with militants in the restive Swat Valley, has rejected the foreign, particularly the US, concerns over the enforcement of Islamic Shariah in the...

Pakistan yields to militants: Islamic law draft signed by Zardari

The Pakistan government on Monday granted a major demand of Swat militants as President Asif Ali Zardari signed the draft of Islamic law after the National Assembly passed a resolution with majority vote in support of the enforcement of Islamic law in the troubled Malakand...

Shariah to be imposed in parts of Pakistan

The government of Pakistan has accepted to Taliban demands and Islamic shariah will be enforced in parts of Pakistan. The move is being seen by analysts as a blackmail tactic against the new US administration,...

Pakistan Hopes for Swat peace high as Shariah imposition in sight

As the government in Pakistan's troubled North West Frontier Province (NWFP) on Monday signed an agreement with a religious outfit for implementation of Islamic law in the Malakand Division, hopes were high in Pakistan about the restoration of peace in the restive Swat...

Shariah implementation in Pakistan's restive tribal region sought

The Bajaur chapter of the Tehrik-e-Nafaz-e-Shariat-e-Muhammadi (TNSM) on Sunday demanded immediate implementation of the Shariah (Islamic law) in Pakistan’s troubled Bajaur tribal region, assuring the government of its cooperation to establish the complete state writ and...

Suit Filed Over AIG’s Promotion of Shariah Law

One week ago today, officials at the Thomas More Law Center announced they had filed a federal lawsuit (pdf) against Treasury Secretary Hank Paulson and the Federal Reserve Board to stop all bailout funds from going to American International Group, Inc., the insurance giant...

$150m Islamic hedge funds debut in Dubai « Peter J. Cooper’s Weblog

" Some industry watchers have suggested that Al Safi’s funding and the launch of DSAM is a historic milestone in Islamic Finance. And it seems ironic that Islamic hedge funds should debut at such a bad time for the hedge fund industry as a whole but if they can make this...

Islamic hedge funds find a way of going short « Peter J. Cooper’s Weblog

"Barclays Capital, and the Dubai Multi Commodities Centre Authority, an agency of the Dubai government, today announced the first Shariah compliant hedge funds on the Al Safi Trust platform. This breaks new ground for Islamic investors and opens up an entirely new asset class...

And Shariah For All?

Anti-islamists 9/11 demonstrators in Brussels are subjected to extreme abuse by the riot police. The 200 demonstrators had permission to have a peaceful anti islamist and 9/11 solidarity demonstration."The week's...

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