Purpose:Althoughthe treasury bill is the essential monetary instrument in central bankingoperations, its application in Islamic banking is not legitimate because it involves usury. This implies that the system cannot apply monetary and fiscal policies. To remove this obstacle “Interest-Free Treasury Bond” (IFTB) is introduced as a substitute for conventional treasury bills.Design:IFTB is a valuable paper...Read More

Rights of women areone of the widely discussed yet debatable issues across the Western and Muslim world. It is seen in the Muslim societies that many women are deprived in terms of inheriting property after the demise of their parents. This is largely happening due to the negligence of practicing Islamic teachings regarding inheritance at...Read More

Every tribe in Iraq has (Sunnis ,Sheia , the Yazidis, Turkmen, Armen,…)in its ranks. Every town and city have a mix of communities. My experience of Iraq, and that of all friends and relatives, is that of an amazing mix of coexisting communities, despite successive divide-and-rule regimes. For many centuries Iraq has been able to...Read More

Meir Hatina, associate professor of Islamic and Middle Eastern studies anddirector of the Levtzion Center for Islamic studies at the Hebrew Universityof Jerusalem, explores the evolving perceptions of martyrdom in modern timesand their relevance on past legacies in both Sunni and Shi‘i milieus. He alsomakes comparative references to Judaism, Christianity, and other non-Islamiccultures. The book...Read More