Religion & Law

First Shariah-Compliant Space Satellite Insurance Policy Is Written
Yahsat, a satellite communications company owned by the government of Abu Dhabi, has broken new ground by purchasing a Shariah-compliant insurance policy as part of the insurance package on the two satellites it plans to launch in 2011...

Overview of Shariah-Compliant Wills
Omar T. Mohammedi (Attorney at Law, New York, NY) recently published his article entitled Shariah-Compliant Wills: An Overview, 25 Prob. & Prop. 58 (Jan./Feb. 2011). The introduction is below: Remembrance of death and expectation of the afterlife are cornerstones of...

Proposed Legislation Will Permit Expansion of Shariah-Compliant Banking In Afghanistan
Bloomberg reported yesterday that Afghanistan's central bank is drafting legislation to present to Parliament in September to allow existing non-Islamic banks to convert into fully Shariah-compliant banks and provide for the licensing of new Islamic banks...

Shariah Compliant Mutual Funds Benefit From U.S. Financial Crisis
Commodity Online reported yesterday that one unanticipated effect of the current U.S. financial crisis is the growth of assets invested in Shariah mutual funds and other Shariah-compliant investments...

Court In India Rejects Religion-State Challenge To State Financing of Shariah Compliant Finance Company
In India, the Kerala High Court has rejected a constitutional challenge to involvement by a state-created agency in setting up a Shariah-compliant non-bank finance company.  Qatar's Peninsula today reports that Janata Party president Subramanian Swamy sued claiming that the state was unconstitutionally promoting religion when the Kerala State Industrial Development Commission purchased 11% of the equity in Al Barakh Financial Services Ltd...

Kazakhstan Plans Offering of Shariah-Compliant Bonds
UAE's The National reported yesterday that the nation of Kazakhstan, planning its first issuance of government bonds in ten years, will issue Shariah-compliant bonds (Sukuk securities) instead of Euro bonds...

Great-West Lifeco Must Pay $456 Million In London Life Class Action
Great-West Lifeco Must Pay $456 Million In London Life Class Action

West Virginia Child Advocate Office Faces Class Action over Child Support
West Virginia Child Advocate Office Faces Class Action over Child Support

Repossessed car wins $700,000 Settlement
A class action lawsuit that was brought against Virginia Beach-based Tidewater Finance Co., alleging that the company had questionable repossession practices, has been settled.

Kroger
Ground Beef Recall

FOODBORNE ILLNESS: Ground Beef Recall

Ground Beef Recalled
By Holten Meat