Saudi Charity Faces Scrutiny for Zakat Improprieties

The Makkah Charitable Foundation (MCF) has been investigated for delaying the distribution of foodstuffs to the needy, a violation of procedures for Zakat Al-Fitr under Shariah law…


Financial Jihadists Use Ramadan and Marketing Money to “Pitch” Shariah Finance

Jakarta-based Bank Syariah Mandiri joined Islamic lenders worldwide to use Ramadan to remind Muslims to obey the teachings of the Prophet Muhammad that ban interest.
Marketing campaigns aimed at 1.6 billion Muslims worldwide have increased this year as the global economy recovers, according to the Pan Arab Research Center in Dubai.
It said spending on advertising by financial services companies in the Arab region was expected to grow by 40 percent this Ramadan compared with last year.