Advocate: Dept. of Education Funding Materials About Islamic Faith

The president of the Christian Action Network said his group found that the Department of Education is funding thorough lesson plans on the Islamic faith.

Martin Mawyer said that, through PBS, the DOE is disseminating materials that allow teachers to quiz students on what Muslim prayers sound like and what prayer movements look like.

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The plans also are said to help teach students how a Muslim would use passages from the Quaran and Hadith in everyday life.

“How can a teacher grade a student on these types of questions?” he asked.

Mawyer said he was “shocked” at the findings and said there would likely be outrage if a similar lesson plan existed for Christianity or another major world religion.

No similar education programs could be found, he added.

If Christianity was taught in that way, he said the ACLU would “break a leg” trying to get up the courthouse steps to file a lawsuit.

The department of education said they do not fund or encourage use of a particular curriculum.

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Malaysia Organizes the First Global United Islamic Stockbroking Service

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Malaysia steps up and spearheads by organizing the first Islamic stockbroking service in the world during the early September at Bursa Malaysia, Kuala Lumpur. Being among the leading Islamic finance districts globally, Malaysia is the first one to structure the first global end-to-end Islamic exchange program. This program is also the beginning of another investment opportunity for investors and stock brokers all around the world.

This Islamic exchange program Bursa Malaysia-i paves a way for prospective investors to trade and invest in Shariah-binding investment products through a program that also complies with the Shariah law. Also, in this program, the complete stock exchange services such as trading, depository, clearing, and settlement are acknowledged and combined. This Bursa Malaysia-i investment platform welcomes Malaysian and foreign investors who are looking for another ideal way to make their money grow.

According to Bursa Malaysia chief executive officer (CEO) Tajuddin Atan, the objective for setting up Bursa Malaysia-i is to provide an ideal market for people to invest on Shariah-binding products. This program is also a great way to promote and support investment products as well as services under the Islamic financial market. With these objectives and goals, Malaysia then aspires to make its country as the outstanding marketplace for Islamic and Shariah-compliant investment products.

Presently, Bursa Malaysia’s market capitalization that is associated with Shariah-compliant investment products amount to around 1.1 trillion Malaysian Ringgits or $266 billion. This hefty amount is two-thirds of Bursa Malaysia’s overall market capitalization, which is 1.6 trillion Malaysian Ringgits or $387 billion. Regarding this financial information, Malaysia is recognized as an outstanding financial district in the Islamic global market.

The investment products included in the Bursa Malaysia-i program are the following:

. i-ETFs or exchange traded funds compliant with the Shariah law

. i-Indices or indices compliant with the Shariah law

. i-REITs or Real Estate Investment Trusts that are compliant with the Shariah law

. i-Stocks or Islamic stocks compliant with the Shariah law (73% of Bursa Malaysia’s listed stocks)

. exchange traded sukuk or Islamic bonds

Since 1997, the overall market capitalization of Islamic exchange has been increasing at a hefty 363%. Also, Bursa Malaysia’s sukuk or Islamic bond market occupies around 50% of the worldwide Islamic bond outstanding.

According to Amirsham Abdul Aziz, Bursa Malaysia’s chairman, there is growth and progress taking place when it comes to investing based on value and ethics. This value and ethics-based investing attitude most likely promotes the demand for financial and investment solutions that are based and compliant with the Shariah law. This also results to the demand for Islamic investment products and services globally.

Furthermore, Bursa Malaysia’s chairman Amirsham Abdul Aziz has observed that in a global and Malaysian view scope, the value and ethics-based investment attitude as influenced by the Shariah law is taking place in the levels of retail banking and higher financial institutions. Regarding this, Bursa Malaysia-i will accommodate investors that are seeking ethical and value-based investments.

Amirsham Abdul Aziz also stressed that this Bursa Malaysia-i is not an end itself, but a means for essential financial developments to occur in Malaysia’s Islamic financial market. He also said that Bursa Malaysia will continue developing Malaysian capital flows and financial market accessibility by building an infrastructure focused on such aim. When this is made into a reality, foreign investors will have a direct and hassle-free entry in the market. This aim can also result to the mutual recognition and connection of market regulators.

This Bursa Malaysia-i platform also allows for the development of Shariah-binding financial tools to support foreign investors, as well as their knowledge about Malaysian Ringgit. This also results to the introduction, promotion and trading of US$-MYR futures.

Investors who wish to venture on this Bursa Malaysia-i platform have options to utilize the recent end-to-end Shariah-binding investment facility it has through these Malaysian Shariah-binding financial institutions or their associates abroad.

Turkey amps up fight against Islamic State group, sends more tanks and warplanes into Syria

Turkey on Thursday sent more tanks and warplanes across the border into Syria as part of its Operation Euphrates Shield, which aims to defeat the Islamic State group in its stronghold of Jarablus and restrict the spread of Kurdish YPG militia in Northern Syria. Turkish Foreign Minister Mevlüt Çavuşoğlu said, “We are determined to clear Daesh [the Islamic State] from the border,” according to Reuters.

Turkey, along with the United States-led International Coalition Air Forces, launched a joint operation on Wednesday, after a bomb attackkilled more than 50 people of a wedding party in Gaziantep on Saturday. Turkey holds the extremist group responsible for the carnage.

The government has asked the Kurdish militia to retreat to the east of the Euphrates river within a week, as the group had moved west of the river during a US-backed mission that succeeded in capturing the city of Manbij from the Islamic State group. Turkey’s hostility towards the militia, which is a vital component of the Syrian Democratic Forces, has put the West Asian country in an uncomfortable situation with the US as it considers the Kurdish group an ally in the region. The Syrian Democratic Forces is a US-backed alliance.

Turkish Defence Minister Fikri Isik said, “The Islamic State should be completely cleansed, this is an absolute must. But it’s not enough for us…The PYD and the YPG militia should not replace Islamic State there,” referring to the Kurdish Democratic Union Party, which is a Syrian affiliate of the Kurdistan Workers’ Party, and the People’s Protection Units group.


Iraq ousts defence minister as forces retake key town near de facto capital Mosul from Islamic State

Iraqi Defence Minister Khaled al-Obeidi was ousted on Thursday after the Parliament voted 142 to 102 to remove him from his position. The vote of confidence followed accusations of corruption against al-Obeidi, The Washington Post reported. His impeachment follows theresignation of Iraq’s interior minister Mohammed al-Ghabban, which now leaves two important security positions in Iraq vacant.

Al-Obeidi’s ousting comes at a time when Iraqi forces recaptured the town of Qayyarah, near the country’s de facto capital Mosul, from the Islamic State group. “We control all parts of the town and managed, in very limited time, to root out Daesh [Islamic State],” said Lieutenant General Riyadh Jalal Tawfik, who heads the ground forces. With the support of tribal fighters and coalition airstrikes, they seized the city that is considered a key location to plan any future military attacks against the terror outfit’s last stronghold of Mosul, according to Al Jazeera.

While officials do not expect al-Obeidi’s removal to have a major impact on the fight against the Islamic State, it indicates the state of political instability that the country is in. The top minister had been questioned about weapons contracts earlier in August.