In The Name Of God The Most Merciful, Most Compassionate

trading-today
Sep19

Striving to earn Halal

By: Khalid Baig Source: Al Balagh According to Abdullah ibn Masud (may Allah be pleased with him) The Prophet Muhammad (Allah bless him and grant him peace) said: “Seeking halal earning is a duty after the duty.” In other words, working to earn a halal living is itself a religious obligation second in importance to the primary religious obligations like prayers, fasting and hajj. This brief hadith contains three very important messages. First, it points to the Islamic way out of the apparent dichotomy between the material and the spiritual worlds. We often see them working in opposite directions whereby indulgence in the material world does lead one away from the spiritual...

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atm-1
Sep19

Digital currency: the next great thing?

By: Ellen Brown Source: InformationClearingHouse September 18, 2016 “Information Clearing House” – Several central banks, including the Bank of England, the People’s Bank of China, the Bank of Canada and the Federal Reserve, are exploring the concept of issuing their own digital currencies, using the blockchain technology developed for Bitcoin. Skeptical commentators suspect that their primary goal is to eliminate cash, setting us up for negative interest rates (we pay the bank to hold our deposits rather than the reverse). But Ben Broadbent, Deputy Governor of the Bank of England, puts a more positive spin on it. He says Central Bank Digital Currencies could supplant the...

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A Saudi man explores social media on his mobile device as he sits at a cafe in Riyadh, Saudi Arabia May 24, 2016. REUTERS/Faisal Al Nasser
May25

Saudi rulers step into the social media age

By: Sylvia Westall and Angus McDowall Source: Reuters via MuslimVillage DUBAI/RIYADH (Reuters) – The participation of tens of thousands of young Saudis in a social media debate over plans to reform the kingdom’s oil-reliant economy last month marked a shift in how Riyadh’s conservative rulers interact with their subjects. Saudi Arabia’s dynastic leaders, who rule by fiat and strictly limit public dissent, have historically courted public opinion only via informal councils with tribal, religious and business leaders or citizens seeking to petition them. But in one of the most active countries on social media in the Arab world, the ruling Al Saud have started trying...

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