A delegation of the Muslim Brotherhood recently went on a whirlwind tour of US governmental and private institutions and individuals. One of the organizations that the Ikhwan met with was the US Chamber of Commerce. If you are surprised, you shouldn’t be. The US Chamber of Commerce has a history of appeasement and outreach to […]
With Egypt’s politics now dominated by Islamists, the country’s financial market have developed a love for Shariah-compliant products. “…with Islamists rising to power, banks will strictly abide by Shariah…” http://weekly.ahram.org.eg/2012/1092/ec1.htm
Western Financial Organizations Now Reaching Out to Muslim Brotherhood
The Wall Street Journal now has an article published entitled: “Muslim Brotherhood Looks West in Bid to Revive Egyptian Economy.” The article requires a subscription to the Journal, so not everyone who clicks on the link below will be able to read it. But suffice it to say that the West is engaging the Muslim […]
According to an article on the Muslim Brotherhood’s own web site, the use of zakat as a means to redistribute wealth will be a prominent feature of the new government’s taxation and welfare policies. What the article is careful to avoid, however, is the fact that zakat is also used to fund Jihad, referred to […]
Transparent Baloney from the Muslim Brotherhood in Egypt
Two days ago, we reported that the Muslim Brotherhood in Egypt had declared the Egyptian stock market to be Shariah-compliant. Today we are greeted with the news that the Muslim Brotherhood backs free markets. HA! “We have sought to reassure people that a free market in Egypt is the only way forward,” said Mahmoud Ghozlan, […]
Egyptian Islamist Parties Declare Stock Exchange Shariah-Compliant
The imposition of Shariah in Egypt as part of the so-called “Arab Spring,” has entered the financial realm, with the Islamist parties declaring the Egyptian Stock Exchange to be “Shariah-Compliant…” Egypt’s political powers expressed their support for the Egyptian Stock Exchange at a press conference Monday, as the Islamist parties, which dominate parliament, pointed out […]
Al Qaeda released an online video to mark the 10th anniversary of the September 11th terrorist attacks, with messages from the late Osama Bin Laden and his successor, Dr. Ayman Al-Zawahiri. The message from Bin Laden warned Americans against ‘falling as slaves’ to the control of major corporations and claimed the ‘tyranny’ of capitalism had brought […]
Islamist Parties Pushing Shariah Economic Agenda
Unlike liberals, leftist or social democratic political parties, their Islamist counterparts are hardly defined by their economic perspective. Religious parties always built principles and guidelines around a religious-ideological axis, meaning economic ideology was never an immutable cornerstone of what they believed in, or ran on. But as Islamic parties inhale their first breaths as recognized […]
As previous reports have indicated, despite pledges not to become overly involved in politics, the Muslim Brotherhood is wading into political waters in Egypt with both feet and part of their agenda is to promote shariah-compliant finance. This is a sensitive subject in Egypt since some Egyptian shariah scholars have historically viewed many of the […]
Cairo’s financial supervisory authority has approved a proposal for issuing Islamic bonds in a bid to attract further Arab investment. As the Muslim Brotherhood becomes more prominent in Egypt in the wake of the overthrow of the Mubarak regime, Egypt has changed its laws in such a way as to assure that Shariah-Compliant Finance becomes […]
Via Money Jihad blog… http://moneyjihad.wordpress.com/2011/06/03/wealth-through-violence/
Note that the only way for Shariah-Compliant Finance to thrive in Egypt was for the original Jihadist terrorist group, the Muslim Brotherhood, to ascend to power: Although Egypt is considered the birthplace of Islamic finance, which adheres to Islamic principles banning interest and speculative trading, its growth has lagged due to past corruption scandals, while […]
It comes as no surprise that the Muslim Brotherhood, the original modern Jihadist terrorist organization, which spawned Al Qaeda and formally founded HAMAS, is pushing for Egypt to use sukuk (Islamic bonds) for its sovereign debt… Egypt’s Freedom and Justice Party, set up by the Muslim Brotherhood to contest up to half the seats in […]
In a development that illustrates the immense power wielded by Shariah scholars in the Islamic world, Muslim Brotherhood Sheikh Yusuf al-Qaradawi has issued a fatwa permitting Egyptians to skip going on hajj for a second time to use the money saved to donate to a special fund to help the Egyptian government’s fiscal woes. Qaradawi […]
Egypt delays sukuk as financial jihad comes to South Africa and elsewhere
The political unrest in Egypt has forced that country to delay setting up the structure for sukuk (Islamic) issuance, but the financial jihad is moving into Nigeria, Kenya and, most ominously, South Africa. The delay in Egypt will no doubt be short-lived, given the growing influence of the Muslim Brotherhood in the political power structure […]
Islamic bonds are tumbling, sending Arabian Gulf yields to a six-week high, as concern political unrest in Egypt will spread pushes up the cost of crude and threatens the global economic recovery. Moody’s Investors Service cut Egypt’s credit rating yesterday to two levels below investment grade. The nation plans to issue guidelines this year to […]
The excellent Jonathan Schanzer explains the double-game that Egypt, a nation that receives billions of dollars of US foreign aid, is playing to enable Iranian treachery and aggression…. If you ever find yourself in downtown Tehran, it’s hard to miss the five-story-tall mural commemorating Khaled al-Islambouli, the man who assassinated Egyptian President Anwar Sadat in […]
The folks at Money Jihad blog have uncovered another disturbing “gem.” The BBC broadcast a radio documentary on Aug. 16 on the role of the Muslim Brotherhood in Egypt. For those who may not know, the Muslim Brotherhood is essentially the political wing of the global jihadist insurgency. Like Hezbollah and their affiliate, HAMAS, as […]
Egypt’s National Bank for Development (NBD) said its net loss widened 4.7 percent in the first half of the year. The bank reported a net loss of 203.4 million Egyptian pounds in the period from December 31, 2009 to June 30, 2010, up from a loss of 194.2 million pounds in the same period last […]
Egypt’s National Bank for Development Restructures Toward Shariah-Compliance
Egypt’s National Bank for Development (NBD) appears to be the latest standing conventional bank to move toward Shariah-compliance. Originally, when NBD was founded in 1980, 2 of its 13 original branches were Shariah-compliant. Today, 19 of 68 branches are Shariah-compliant. However the momentum seems to be swinging in the direction of Shariah-compliance… http://www.ameinfo.com/225142.html?
It seems that the Egyptian government regards cut-rate phone rates for Ramadan as unfair trade practices… http://www.totaltele.com/view.aspx?ID=448708
Egyptian Muslim leaders are caught in a storm of controversy after a human rights group confronted them about a fatwa (Islamic edict) that stated the building of a church is “a sin against God.” Grand Mufti Ali Gomaa, the highest official of religious law in Egypt, and the justice minister have issued an investigation of […]
Islamic markets tumble, Dubai floats conventional bond
Despite all the sunshine being thrown about by promoters of Shariah-Compliant Finance in the West, the so-called “insulated” Islamic markets are tumbling in the Middle East. Monarchies in the Gulf have had to resort to injecting capital into their banking systems to prevent a crisis. This was done in Abu Dhabi and Dubai appears set […]
http://www.thememri blog.org/ blog_personal/ en/10544. htm Muntasar Al-Zayyat, attorney for Islamic groups in Egypt, has said that the U.K. would soon extradite Dr. Hani Al-Siba’i to Egypt. Al-Siba’i is a senior official in the Jihad organization who gained political asylum in the U.K. 15 years ago. Al-Zayyat said that despite denials, Egypt has been negotiating […]
http://www.anhri.net/press/2008/pr1014.shtmlwww.advocacy.globalvoices.com Arabic Network for Human Rights Information Legal Aid Unit for Freedom of Expression Saudi Arabic detains an Egyptian internet activist without charge or trial but with full approval of the Egyptian government Cairo, 14th October, 2008 The Arabic Network for Human Rights Information (ANHRI) condemns the Egyptian security apparatus and their Saudi counterparts […]
http://www.breitbart.com/article.php?id=081012151913.899p7n58&show_article=1&lst=1 Egyptian Sheikh Yusef al Quadrawi
www.allthingsbeautiful.com EGYPT: FATHER’S BRIEF CONVERSION TRAPS DAUGHTERS IN ISLAM Two Christian sisters battle to regain religious identity following forgery charges. ISTANBUL, October 10 (Compass Direct News) – An Egyptian Coptic Christian woman has been sentenced to three years in prison for failing to uphold her Islamic identity – an identity she didn’t know she had […]
Typical niqub of an Egyptian Woman, living in heat of over 100 degrees Fahrenheit. Limited sight, movement and speech. Comments by Allyson Rowen Taylor Egypt: The Muslim Brotherhood on Women’s Rights07/10/2008By Hamdee Saleem Cairo, Asharq Al-Awsat – Muhammad Mahdi Akif, general guide of the Muslim Brotherhood, told declared to Asharq Al-Awsat that, “The […]
EGYPT: COURT GIVES CHRISTIAN BOYS TO MUSLIM FATHERGrand Mufti of Egypt www.cache.daylife.com Despite a fatwa from the Grand Mufti, Alexandria judge denies custody for mother. ISTANBUL, October 2 (Compass Direct News) – Following the Appeal Court of Alexandria on Sept. 24 granting custody of 13-year-old Christian twins to their Muslim father, their mother […]
Opposition party in Egypt faces dissent from within Young members argue against religious rigidity in the Muslim Brotherhood, openly criticizing the group in their blogs. By Jeffrey Fleishman, Los Angeles Times Staff Writer 8:33 PM PDT, October 2, 2008 CAIRO — He was a boy in the mosques of Alexandria when the Muslim Brotherhood […]
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