Category: Business and Finance

Banking: A Dilemma for Indian Muslims

There is no theoretical macro-economic model with any Muslim country to help realize the vision of an interest-free economy. Muslims in general avoid ‘banking’, the reason for it being the institution of interest (‘riba’ in Arabic) which has been regarded as highly ignoble because the Holy Qur’an strictly prohibits interest-based transactions in all forms. But,…

Athens Mosque Likely to Open by September

Greece’s education and religion minister says the country’s first state-sponsored mosque is likely to begin operating in September 2019, about three years after its construction was approved by Parliament. Kostas Gavroglou spoke during a visit to the nearly complete mosque on the outskirts of the Athens city centre, accompanied by representatives of the Muslim community.…

mPower Sets it Sight High

The tiny startup crosses a One $million Milestone By A Staff Writer Vision of empowering the underprivileged classes was never ignored in the ascent to the current high. From a tiny startup in 2005 to a company with one million dollar turnover, the eight years for mPower Labs must have been a long and uphill…

Court Annuls Government Lease

Motipur Sugar Factory The Single bench of the Patna High Court cancelled the lease agreement of the Bihar Government with M/s Indian Potash Limited under which the Motipur Sugar Factory and its landed assets were leased out to Indian Potash. It directed Indian Potash to return the factory and the lands to Bihar State Sugar Corporation Limited (BSSCL), and return the same to the former owners, The…