Business contracts must satisfy Islamic norms

Abdulazeem Abozaid One of the challenges facing Islamic Banking and Finance industry is the methodology used for product development. While Sharia enjoins that its rules must be observed in contracts, some of these rules are not genuinely observed in product development. Sharia dictates that in any structure, the underlying contract must fulfil all requirements. Independence needed One such requirement is…

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Sharia compliant schemes for businesses

Ash Enoka Amanah Ethical is an investment management company based in Auckland specialising in Islamic Finance solutions. The Company has been working with the Muslim community for over two years, introducing ‘Amanah KiwiSaver Plan,’ and an investment vehicle called the ‘Amanah New Zealand Unit Trust.’ Both products are strictly Sharia compliant and their investments are monitored by an Islamic Advisory…

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Special store for Muslims attracts shoppers

A Correspondent In a significant boost to the Islamic infrastructure, Auckland now has specialist, Opportunity (Op) Store to serve the Muslim population. ‘Jannah Road,’ located at 164E Stoddard Road, Mt Roskill (opposite Masjid E Umar) is reported to be the first shop in Auckland to cater exclusively to Muslims. ‘Opportunity Shops’ have since long been used effectively by Christian charities…

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Poetry brings together businesses and lawmakers

Staff Reporter Syed Mujeeb Hyderabadi and Ghouse Majeed, two endearing friends of Indian Newslink are at it again, with an evening of Mushaira, Kavi Sammelan and Ghazal. Scores of other enthusiasts are supporting the programme organised by them under the Urdu Hindi Cultural Association of New Zealand Inc banner on Saturday May 23, 2015 from 6 pm at Fickling Convention…

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Muslims excel in professional services

Muslims excel in the service sector especially as skilled professionals promoting high standards of quality and service. Among them is D & L Plumbing and Gasfittings Limited, owned by Abdul Aziz Hassan, owner of the West Auckland based A A Hassan Plumbing. Hassan personifies the adage that dedication, devotion, perseverance and pursuit of excellence will always be rewarded with a…

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