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First National Bank says it is aiming to appoint a new sharia board for its Islamic finance division by the end of 2012.
After a probe into claims of conflicts of interest and misappropriation of funds, FNB’s Islamic Finance
subdivision is set for serious restructuring.
The US criticised Pakistan’s acceptance of Islamic law in the Swat Valley to quell a Taliban insurgency as an infringement of human rights.
Islamic courts have started work in Pakistan’s Swat valley under a controversial deal that the government hopes will end two years of bitter fighting.
Girls in Pakistan’s Swat Valley can attend school but must wear veils that cover their heads and faces, a top official said on Monday.
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/ 16 February 2009
The government and Islamic hardliners on Monday signed an agreement to enforce sharia law in the northwestern Swat valley, said a provincial minister.
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/ 13 November 2008
A Nigerian court said an 84-year-old preacher with 86 wives should be released from jail after he was held for failing to divorce all but four.