Does Your Financial Institution Participate in Shariah Compliant Finance?
On June 26, 2012 · In AAOIFI, AIG, Amana Funds, Arcapita, Bank of New York-Mellons, Barclays, Bloomberg, BNP Paribas, Citigroup, Clearstream Banking SA, Companies, Credit Suisse, Creeping Shariah, Deloitte Touche Tohmatsu, Deutsche Bank, Dhimmitude, DIC, DIFC, DIFX, Dow Jones, Dow Jones Islamic Market, Financial Institution, fiqh council of north america, Fitch, GE Capital, Goldman Sachs, Guidance Financial, HARVARD, HSBC, IFSB, IIFM, IIIT, Islamic Banking, Islamic Finance, ISRA, KPMG, Merrill Lynch, Moody's, Moody's Investor Service, NASDAQ, NatWest Bank, Sharia Compliant, Shariah Banking, Shariah Finance, Shariah insurance, Shariah Mortgage, Standard & Poor's, Standard Chartered, Thomson Reuters, UBS, UBS Bank, University Islamic Bank
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?”
As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance.
In some cases, the entire institution is Shariah-compliant. In other cases, the overall institution is not Shariah-compliant but it has a division or subsidiary that is, or it offers a product that is Shariah-compliant. In still more cases, some of the entities listed below do not offer financial products at all, but play key roles in enabling Shariah Compliant Finance in the West.
We went to great lengths to confirm each of the names listed below. However, there may be institutions that we have overlooked. We encourage readers to contact us with questions, comments and criticisms via the Comments section below:
Accounting and Auditing Organization for Islamic Financial Institutions
AIG
Amana Mutual Funds Trust
Ameen Housing Cooperative
Bank of America
Anchor Finance Group
Arcapita
Al-Baraka Bancorp
Barclays
Beam Capital Management
Bloomberg
The BMB Group
BNP Paribas
Calyx Financial
Century 21
J.P. Morgan Chase
CIMB Group
CitiBank
Clearstream
The Coca-Cola Company
Credit Suisse
Deloitte
Deutsche Bank
Devon Bank
Dow Jones
Ernst & Young
Failaka Advisors
The Fairfax Institute
Fiqh Council of North America
Fitch Ratings
GE Capital
Goldman Sachs
Guidance Financial
Guidance Residential
Harvard Law School
HSBC
Idealratings.com
Iman Fund/Allied Asset Advisors
Ijara Loans
International Institute of Islamic Thought (IIIT)
International Islamic Financial Market
International Shariah Research Academy for Islamic Finance (ISRA)
Islamic Financial Services Board (IFSB)
KPMG
LARIBA
Merrill Lynch & Co.
Moody’s Investor Services
Morgan Stanley
Bank of New York Mellon
NASDAQ
Natwest
Royal Bank of Scotland (RBS)
Shariah Capital
Standard Chartered Bank
Standard & Poor’s
Thomson Reuters
UBS
UIB Capital
University Islamic Financial Corporation
Virji Investments
Wafra Investment Advisory Group
Wellington Management
Westlaw
Bank of Whittier
Wolters Kluwer Financial Services
World Islamic Economic Forum
Zayan Takaful
One Response to Does Your Financial Institution Participate in Shariah Compliant Finance?
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Hi there, I am just wondering where we can find proof that this is happening and in what capacity each bank is involved.
This would be a huge case for the FBI, they would be all over it.