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Islamic Banking Explained

Islamic banking is defined as a banking system which is in consonance with the spirit, ethos and value system of Islam and governed by the principles laid down by Shariah. As per the ordainments of Shariah, Islamic banking cannot deal in transactions involving interest/riba (an increase stipulated or sought over the principal of a loan or debt).

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Falling Oil Prices

Who are the winners and losers? During the course of past six months, the global oil prices have fallen sharply. From 2010 until mid-2014, world oil prices had been fairly stable, at around $110 a barrel. But since June 2014 these have almost halved. On January 13, 2015 the price of a barrel of Brent Crude crashed through the psychological …

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Sanctions, Economic War Crimes

A Russian Viewpoint The European Union and United States have been targeting Russia with economic sanctions. On 17 March 2014, the EU imposed the first travel bans and asset freezes against Russian and Ukrainian officials following Russia’s annexation of Crimea as there was “absence of de-escalatory steps by the Russian Federation”. Here is a write-up which elucidates the Russian viewpoint …

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Design Within Reach

Two years ago, the physicist Neil Gershenfeld argued that the next great digital revolution would come not in computing or communication but in fabrication. Today, 3-D printing, which uses digital data to rapidly construct physical objects, is more accessible than ever. Automakers are placing the latest printing devices on factory floors; design students are learning that they can make virtually …

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CIA ‘Torture Report’

20 Key Findings The US Senate Intelligence Committee recently released a summary of a report into the CIA interrogation programme established by US spy chiefs after the terror attacks of 11 September 2001. Here are the highlighted 20 key findings.

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World’s Top Ten

The Curtain  Falls   Dec 28: Nato formally ended its war in Afghanistan, holding a low-key ceremony in Kabul, after 13 years of conflict that have left the country in the grip of worsening insurgent violence. The event was kept secret due to the threat of Taliban strikes.

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Military Courts Redux (Editorial)

Trump's Afghanistan Gambit (Editorial September 2017)

With numerous highs and lows for Pakistan, the year 2014 has passed. But, the wounds it has left on our hearts with Peshawar massacre won’t heal soon. The dark clouds of terrorism have been hovering over our heads for more than 13 years now. Terrorists have been on a killing spree but no serious efforts by our political leadership to …

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