14 More Arrested in Iranian Bank Fraud Case
On October 12, 2011 · In Ahmadinejad, Investment Scams, Investment Swindles, Iran, Islamic Banking, Shariah Banking
In recent weeks, we’ve been following the story of the bank fraud scandal that could embroil Iran’s president. This is a significant scandal for those of us who follow Shariah Banking because Iran reports that all of the banks within its borders are Shariah compliant.
The financial jihadists have been selling Shariah compliance to the West as “ethical” investing for some time now, yet clearly this scandal is far from ethical.
What did the Shariah advisors know and when did they know it?