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Is Commodity Trading via the Internet Permissible? - About Islam

Is Commodity Trading via the Internet Permissible?

Wa `alaykum as-salamu wa rahmatullahi wa barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: Future commodity trading is not allowed in Islam, whereas spot commodity trading is permissible either delivering in on the spot …

OIC Calls for Banning Proposed Dutch Caricature Contest - About Islam

OIC Calls for Banning Proposed Dutch Caricature Contest

JEDDAH – A leading pan-Islamic group has condemned the “malicious plan” designed by anti-Islam Dutch parliamentarian Geert Wilders to launch a competition on caricatures of Prophet Muhammad (peace be upon him). In its statement cited by Bahrain News Agency (BNA), the Organization of Islamic Cooperation (OIC) condemned what it described as “the malicious plan designed …

OIC Islamic Bank Launches $500M Science Fund - About Islam

OIC Islamic Bank Launches $500M Science Fund

TUNIS – The Islamic Development Bank (IDB) of the Organization of Islamic Cooperation (OIC) has launched a $500-million fund to strengthen science, technology, and innovation in the Muslim World, as announced in its 43rd annual meeting in Tunis, Tunisia. “The fund has great potential to create an innovation ecosystem in our Muslims countries. It’s not …

OIC Islamic Bank Funds 100K Surgeries in Africa - About Islam

OIC Islamic Bank Funds 100K Surgeries in Africa

ISTANBUL – The Islamic Development Bank (IDB) of the Organization of Islamic Cooperation (OIC) has created a US$30 million fund to conduct more than 100,000 cataract surgeries and provide glasses to a million children in Africa, the OIC’s International Islamic Trade Finance Corporation (ITFC) head announced on Monday. “About 33 million people in Africa suffer …

Taking Loans from Islamic Banks: Allowed? - About Islam

Taking Loans from Islamic Banks: Allowed?

Wa `alaykum as-Salamu wa Rahmatullahi wa Barakatuh. In the Name of Allah, Most Gracious, Most Merciful. All praise and thanks are due to Allah, and peace and blessings be upon His Messenger. In this fatwa: 1- This kind of transaction is calledtawrruqwhich is impermissible. 2- As for working in an Islamic bank, it is allowed …

Istanbul Hosts Extraordinary OIC Summit on Al-Quds - About Islam

Istanbul Hosts Extraordinary OIC Summit on Al-Quds

Leaders of the Organization of Islamic Cooperation (OIC) gathered in Istanbul Wednesday for the extraordinary summit called to discuss the repercussions of US President Donald Trump’s decision to recognize Al-Quds (Occupied Jerusalem) as Israel’s capital.

World Condemns Monstrous Attack on Aleppo - About Islam

World Condemns Monstrous Attack on Aleppo

The Organization of Islamic Cooperation (OIC) has condemned the ongoing slaughter in the Syrian city of Aleppo, as monstrous indiscriminate bombings of civilian areas buried hundreds of families.



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