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Banking & finance UAE
Issue For : November 2008
 
 
31st General Assembly of the International Organization for Standardization (ISO Dubai 2008) opens
Under the patronage of H.H. General Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, the 31st General Assembly of the International Organization for Standardization (ISO) opens at Grand Hyatt Dubai. The five-day ISO Dubai 2008, held in Dubai and the Middle East for the first time since ISO’s inception in 1947, is hosted by the Emirates Authority for Standardization and Metrology (ESMA), and attended by more than 500 delegates from 157 ISO member countries.
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Maradona and Islamic Banking
technology also sympathized to record the US national debt. National Debt Clock at Times Square of New York, which displays US national debt publicly, ran out of digits to record the growing figure : $ 10,150, 603, 734, 720 ($10.2 trillion). After the declaration of bankruptcy, one of the largest and oldest banks in US, Lehman Brothers became the part of history. Number of big names in the banking and financial sector are begging for government help. Global stock markets and real estate market prices are coming down to the earth. Economists write that global economy has entered into a recession period.
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SOURCES OF LAW AFFECTING ‘TAKAFUL’ (ISLAMIC INSURANCE), BY: DR. IZELDEIN KHALIL; AKASHA
An insurance policy remains valid if none of its aspects contravene the Shariah principles. Hence, every element of an Islamic insurance policy should absolutely be based on the shariah. This section attempts to highlight the sources of Islamic insurance contracts which may be divided into two categories:
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