Andrew McCarthy reports: American Taxpayer, Financial Jihadist
Another superb article by Andrew McCarthy of National Review… Thanks to our takeover of AIG, we now are involved in Islamic finance. It is “financial jihad,” explained Yusuf Qaradawi, the Muslim Brotherhood’s sharia compass — and the man Feisal Rauf, the brains behind the proposed Ground Zero mosque, admires as “the most well-known legal authority […]
Yesterday, SFW posted a disturbing article detailing Sheikh Yusuf al-Qardawi’s instructions on zakat (Islamic alms giving): https://shariahfinancewatch.org/2010/05/07/more-definitive-proof-of-zakat-funding-jihad/ Some readers may be skeptical that the views of a man living in Qatar, as expressed to another man living in Egypt, would be relevant in the United States. Not only are Qaradawi’s views relevant because he is […]
As we have stated previously, David Yerushalmi is one of our heroes at SFW. Mr. Yerushalmi has published the most important works extant on Shariah-Compliant Finance and he has taken it upon himself to stand up for freedom and the American way of life in filing a suit against the US Treasury Department for its […]
The Continuing AIG Hellstorm: Jihad Bailout and Money Laundering
An excellent update on the progress of this landmark legal battle from Benjamin Weingarten at Citizen Economists… http://www.citizeneconomists.com/blogs/2010/02/04/the-continuing-aig-hellstorm-jihad-bailout-and-money-laundering/
Barclays woos Muslims in Kenya by joining the financial jihad
Barclays Bank has unveiled two new Shariah compliant products offered in Kenya. SFW readers may wish to take Barclays’ Shariah activities into account when making your own financial decisions… http://www.standardmedia.co.ke/business/InsidePage.php?id=2000002308&cid=14
Shariah finance: The deadly Jihadist weapon with a dollar sign
It is highly appropriate that SFW end 2009 by sharing the latest work from one of the true heroes of the Western world in the fight against Shariah: David Yerushalmi. Mr. Yerushalmi’s essay in the Washington Examiner provides both a primer for those unfamiliar with the issue of Shariah Finance, as well as an update […]
U.S. taxpayers funding terrorism: the ties that blind
What would you think if it was proven beyond doubt your tax money is getting into the hands of terrorists, not altogether accidentally? How would you feel if you discovered that the dollar you paid in income tax had been channeled by the federal government through a bank bailout law to Citigroup which then ‘invested’ in […]
BNP: Lack of Shariah Standards Limiting Islamic Funds
BNP is one of our least favorite banks. Not only are they a big promoter of Shariah Finance in the West, but they also are the banker of choice for the Ayatollahs in Tehran. Nevertheless, they have provided us with some useful fodder today. They are whining because they essentially can’t get a straight answer […]
Middle Eastern Islamist regimes, awash in petrodollars, are now touting Shariah Finance as the key for renewed economic growth. What this amounts to is Islamic imperialism. Whereas in the past Saudi, Kuwaiti and other oil sheikhs in the 1970s began expanding their clout by investing in Western real estate and securities markets, today they have […]
Islamic Development Bank could raise $500m bond (sukuk)
The Jeddah, Saudi Arabia-based Islamic Development bank will soon issue a $500 million sukuk or Islamic bond issue. This is rather controversial in Shariah Finance circles since Mufti Taqi Usmani issued an opinion last year declaring that most such instruments are in fact NOT Shariah-compliant and are unislamic. That opinion, along with the world economic […]
Catastrophe – How Shariah Law Is Infiltrating The West
Dick Morris is one of the best-informed and shrewdest political observers and strategists in America. He has been an immensely helpful proponent of the Divest Terror Initiative to cut off corporate life support for the Ayatollahs and other terror sponsors. In his new book, Catastrophe, he now tackles Shariah-Compliant Finance. Below is an excellent 3 […]
Shariah-Compliant insurance, also known as takaful, has been the subject of a considerable amount of scrutiny in recent months since the US Treasury took nearly full ownership and control of insurance giant AIG, which has an active takaful division. This is because the purpose of Shariah Finance–and Shariah-Compliant insurance–is to promote shariah and Islam. It […]
A Caliphate of Toxic Assets
Alyssa A. Lappen has been writing about Shariah and Shariah-Compliant Finance for quite some time and there are few, if any, writers who are as informed on these subjects as she. Her latest work appears on FrontPageMag.com and we enthusiastically recommend it to our readers… http://www.frontpagemag.com/readArticle.aspx?ARTID=35378
Sovereign Immunity or Cover-Up?
One of America’s, and the entire West’s, great heroes against Shariah is David Yerushalmi, who, among many other things, is General Counsel of the Center for Security Policy. Mr. Yerushalmi is involved in important lawsuits against CAIR and the US Treasury Department for AIG’s promotion of Shariah through its Shariah-Compliant insurance division, AIG Takaful. Today, […]
Arcapita to sell Church’s Chicken
Church’s Chicken, one of America’s highest profile shariah-compliant businesses, is being sold by its parent company, Bahrain-based Arcapita. Church’s became embroiled in controversy over a year ago when they were sued by the owners of one of their franchises for refusing to allow them to sell pork products as part of their breakfast menu–because pork […]
Subsidized Shariah
Today’s editorial from The Washington Times… http://www.washingtontimes.com/news/2009/jun/01/subsidized-shariah/
http://newsweek.washingtonpost.com/onfaith/undergod/2009/05/aig_sharia_and_uncle_sam.html The Washington Post/Newsweek blog has an article on the AIG suit which we featured yesterday. The article is actually fairly well done and balanced, but the author, David Waters failed to realize an extremely important point about Shariah-Compliant Finance: According to the promoters of Shariah-Compliant Finance in the Islamic world, Shariah-Compliant Finance is in […]
http://www.saneworks.us/US-District-Ct-of-Michigan-denies-USGs-motion-to-dismiss-AIGShariah-lawsuit-newsblog-2628.htm Judge Lawrence P. Zatkoff of the US District Court for the Eastern District Court of Michigan, has denied the U.S. government’s motion to dismiss the lawsuit filed by Kevin Murray. (The full opinion may be downloaded above from this entry’s unique url.) Mr. Murray, who is represented by legal counsel David Yerushalmi and the Thomas […]
This week, CNN and Money magazine ran an article focusing on the role of faith in the personal finances of certain families. In the article which they published which deals with a Muslim family, we have discovered a whole slew of questions with regard to matters outside of personal finance which, not surprisingly, the lapdogs […]
The French bank, BNP Paribas has long had a reputation for being willing to do just about anything to make a franc. After all, they were the one Western bank that was willing to step up and provide financing for Iran when no one else would touch the ayatollahs. To this day, BNP Paribas is […]
The Washington Times weighs in on Shariah-Compliant Finance
The Washington Times has a good piece on Shariah-Compliant Finance this morning, authored by Simon Roughneen. Roughneen did a good job of covering the issues involved, though I wish he had mentioned the system of zakat by name, because that is one of the aspects that makes Shariah-Compliant Finance so worrisome. When slimey enemies of […]
The American Spectator’s Quin Hillyer focuses on Shariah Finance
Blocking the Funds of Terrorists It was treated as big news on Tuesday when Manhattan District Attorney Robert Morgenthau indicted Chinese executive Li Fang Wei and his company for using New York banks to finance the sale of tons of restricted, weapons-related material to Iran. But the truth is that some of these same banks […]
The latest fallout from a combined Manhattan District Attorney and Treasury Department investigation has settled on a Red Chinese firm and several Iranian firms, with some useful idiots in the form of Western banks stuck in the middle. The last time this investigation erupted was when Bank Melli, the world’s largest Shariah-Compliant financial institution, was […]
All too frequently, an article will appear in the news media extolling the virtues of “Islamic” finance as a way to protect wealth from the ravages of the current financial crisis. When we first came across a recent article in the Sacramento Bee, we figured that we had another case of this and were prepared […]
Dear Mufti M. Taqi Usmani…
Stephen Ranzini, Shariah-sop running University Bank, Ann Arbor A MUST READ FROM THE GOOD FOLKS AT SANE! http://www.saneworks.us/Dear-Mufti-M-Taqi-Usmani-newsblog-2514.htm
Bailout Fallout: Uncle Sam’s Shariah Board
At your service, American Taxpayer! AIG’s Shariah Advisory Board. As members of the AIG Takaful Shariah Advisory Board, they really work for you and me, the American taxpayer, ever since we the people bought an 80 percent stake in the bankrupt insurance company. How’s that for bait and switch? While we agonize over chump-change AIG bonuses, we ignore the […]
Jayme Evans has written a good article on the hypocrisy of the Treasury Department, which is talking out of both sides of its mouth on the rather inconsequential issue of AIG bonuses and the far more significant issue of taxpayer-funded Shariah via the AIG bailout… http://canadafreepress.com/index.php/article/9563 Meanwhile, over on The Lid blog, they put things […]
Richard Thompson, President and Chief Counsel of the Thomas More Law Center, commented, “Although widespread public anger has rightfully focused on bonuses AIG paid to top executives using taxpayers’ money, that anger would be at an even higher pitch if the public knew that our tax dollars were being used by AIG to promote Islam […]
Lately there has been a great deal of outrage expressed over bonuses for AIG employees (which it appears the entire government actually knew about ahead of time, despite denials to the contrary). There is a lot more to be outraged about as the federal government transfers tens of billions of dollars to AIG, like the […]
In an episode that definitively proves that truth is stranger than fiction, the International Monetary Fund has congratulated Sudan for its fiscal restraint and efforts at improving tax collection… Sudan is one of three nations on earth that practice and enforce strict Shariah, the other two being Saudi Arabia and Iran. Sudan is a state […]
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