Gulf Nations to Continue Shariah-Compliant Sukuk Push
HSBC Bank, perhaps the West’s most shameful pimp for Shariah-Compliant Finance, and a serial violator of Treasury regulations regarding Iran sanctions, is reporting that the market for Shariah-Compliant bonds (known as sukuk or Islamic bonds) is set to break records in 2013 thanks to the proliferation of issues from Gulf states. Mohammed Dawood of HSBC […]
Up until the past couple of years, the number one export destination from Dubai was Iran. International sanctions have cut into that trade drastically and the Dubai Chamber of Commerce isn’t happy about it. It seems that Dubai doesn’t like having to make a choice between trading with the world’s foremost sponsor of Jihadist terrorism […]
Dubai is often viewed as a gateway to commerce for much of the Middle East. Historically, Dubai has served as the trading crossroads between East and West. Now, according to the emirate’s ruler, Dubai will become a leading center of Shariah-Compliant Finance. As is the norm in Shariah Finance, the government will be doing the […]
This issue isn’t strictly related to Shariah-Compliant Finance, but oil is what feeds Shariah Finance, Jihad and terrorism at the end of the day, so when a foreign entity funds a horrible film starring a notoriously anti-American Leftist like Matt Damon, it is worth a closer look. In this case, interests in OPEC, who earn […]
Money Jihad blog’s short list of Shariah banks that fund terrorism
Money Jihad blog is one of the most invaluable web sites in existence for anyone who is concerned with how Jihadist terrorism is supported and funded. That is why we link to it so frequently here on SFW. Money Jihad’s latest work is a prime example of why we like the blog so much: they have […]
West Point Report: Haqqani network supported by “rich donors”
By way of CNN, we have still more evidence of financial support for violent jihad by wealthy Muslims in the Persian Gulf region. The Haqqani network is one of the most virulent Jihadist groups in Afghanistan and Pakistan and has been battling US troops for several years. It is closely allied with both Al Qaeda and […]
The UAE Central Bank said on Sunday it had started issuing the country’s first Islamic certificates of deposits (ICDs) as part of a plan to create a new investment tool for Shariah-compliant banks in the country. The Central Bank said it held an auction to sell one-week and 12-month ICDs on Wednesday, adding that they […]
Reuters continues to shill for Shariah, this time by whitewashing the role of women in Shariah Finance
Reuters published a curious article today which, like much of what the former news agency pens about Shariah Finance, reads more like a marketing piece than a news article. This time Reuters is celebrating the role of women in Shariah Finance, speculating that they could play a much larger role than they are now… Recent […]
Financial jihadists have long held up Dubai as an example of the marriage of modernity and Shariah Islam. Of course, Dubai’s status as a world-class financial center suffered a severe setback when Dubai World defaulted on its Islamic bonds. Nevertheless, just last week, Dubai proudly dubbed its new tallest building, another modern marvel (though there’s […]
Dubai’s golden sands lose their luster
“Investors trapped by the financial storm in the United Arab Emirates are in unknown legal territory as they try to protect their billions.” (The Times, 10 December 2009) The Dubai default debacle demonstrates in stark detail how the lack of transparency and failure to disclose relevant facts make Shariah Finance risky. Long ago–decades ago–the rest […]
A Shameless, Shallow Advertorial for Shariah Finance from Oxford Analytica and Forbes.com
Malcom Forbes must be spinning in his grave. His namesake publication’s web site has published an article which basically promotes a financial and economic system which by its very nature seeks to replace capitalism and our free enterprise system: http://www.forbes.com/2009/12/10/islamic-finance-after-dubai-business-oxford-analytica-islamic-finance.html?feed=rss_business In fact, the article reads less like journalism and more like a press release from […]
Shariah Standing in the Way of Creditors Getting Paid in Dubai
Wealthy investors flocked to the “miracle” of Dubai in recent years. Some invested in Islamic bonds, better known as Sukuk. Sukuk are investments concocted to comply with Shariah law (though there is some debate even about that). Now, the very Shariah law under which Sukuk were designed could end up swindling creditors out of a […]
Dubai in meltdown
The bubble has burst in Dubai and the affliction is spreading to Western financial markets. Yesterday, US markets were closed for the Thanksgiving holiday, but other markets were open and shuddered: http://www.reuters.com/article/businessNews/idUSTRE5AN54C20091126?feedType=nl&feedName=usdai When reading the article linked just above, you may recognize the name “DP World.” This was the company that was scheming to take […]
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 […]
Shariah-Compliant Finance is often represented as “ethical” investing. It looks like the ethics were thrown out at Dubai Islamic Bank. It seems that several executives with Dubai Islamic Bank defrauded their employer out of $791 million. Note that the attorney for one of the defendants says that his client “has not violated any applicable laws […]
The Dubai Chronicle was kind enough to post an article with a list of the award-winning players in the field of Shariah-Compliant Finance. These were tabulated through a non-scientific survey of folks in the industry itself. Personally, I would prefer to think of this as more of a “Dirty Dozen” list. But that’s just me… […]
www.ameinfo.com Capivest energy fund a success MANAMA: Capivest, one of the region’s Islamic investment institutions, has successfully closed its $50 million Alternative Energy Fund targeting a prospective wave of commodities. Alternative Energy is a 100 per cent capital protected fund provided in cooperation with leading international investment bank Goldman Sachs. In […]
(MENAFN – Khaleej Times) Emirates NBD, National Bank of Oman and three European banks have helped Uralsib Bank, Russia’s biggest privately owned lender, get a loan of $313 million (Dh1.15 billion) from a group of 32 banks for its trade finance business. The money will be lent to industrial companies in Russia, […]
Young Arab Leaders Partners with British Council The project follows the signing of a Memorandum of Understanding (MoU) between YAL and the British Council which aims at building the capacity of young people from partner youth organisations around the Arab world to be able to handle the challenges facing the region in the future. […]
Finance and (bad) art go hand in hand By Safura Rahimi on Thursday, March 27 , 2008 http://www.business24-7.ae/cs/article_show_mainh1_story.aspx?HeadlineID=4563 (even the art market is being infiltrated by the petro dollars . This is driving prices out of sight and creating a false market. The artists are screened via their countries of origin, religions, and many are […]
Dubai Islamic Bank launches two innovative new resources products Dubai Islamic Bank (DIB) announced today the simultaneous launch of two innovative investment products linked to the fast-growing alternative energy sector. United Arab Emirates: Tuesday, February 19 – 2008Launched by DIB’s Wealth Management Division, both products are linked to the DWS New Resources Fund, which targets […]
The need for standardized regulation of Islamic Finance Dubai (23 January 2008) Speakers at International Bar Association’s (IBA) ‘Islamic Finance in the Middle East’ conference were nearly unanimous about the need to apply some level of consistency in Islamic Finance laws across the GCC countries in order to establish regionally-accepted regulatory standards. The IBA conference, which […]
You Tube Video – America Selling Out for Petrodollars
thanks to Gal Luft http://www.setamericafree.org/wordpress/?p=355
List of Major Banks dealing with Shariah Finance-tools for research
Here is a list of banks that are expanding the Islamic Shariah industry worldwide. Also, a link to the major periodicals that discuss Shariah Finance. In order to combat this rising influence on our banking industry, you must learn and understand what it is. This type of banking is a screen to infiltrate into a […]
Link to www.Gulfbase.com, comprehensive site on Sharia Finance and Investments
This site breaks down the investments and funds by countries in the Middle East. It is a good source to follow, and research for those interested in following the growth of funds and indices. You can register on it for updates, however this blog will follow it and post the most relevant articles. comments by […]
Business Week-“Who’s Afraid of Mideast Money?”
This is one of the most important articles to read about the emerging power and takeover of the West by Middle East Money. We should all be afraid…very afraid. However the lust for greed and money will be the downfall of the democracy we live under unless we can change this course of selling our […]
Business Week-“Who’s Afraid of Mideast Money?”
<!– if (!window.OAS_sitepage) { var BW_site; // use for new ad site var BW_page = “/printerfriendly”; var OAS_listpos; // use to restrict the number of available page positions document.write(”); } //–> THIS IS ONE OF THE MOST IMPORTANT ARTICLES I HAVE POSTED. IT IS A MUST READ, AND ONE THAT NEEDS TO BE READ AND […]
This is going to be a huge issues, as we see more of of stock markets and financial companies bought by Kuwait and others. The monitoring of the types of investments made under Shariah control should be of concern, as the laws of Shariah will dictate the investments. Especially troubling will be the pork, entertainment, […]
Sweden approves Dubai’s OMX offer
OMX,Nasdaq,S&P, London Stock Exchange, we better start to get the information out to our freinds, and educate them to the long term problems we face if Sharia Law and Investment start to dictate the manner or business that is traded on these exchanges. Anyone who deals in pork, music, entertainment, publishing of any gossip type […]
Abu Dhabi firm opens in Geneva Published: 6th January 2008 MANAMA: Abu Dhabi Investment House (ADIH) has entered Europe with the opening of an office in Geneva, Switzerland. ADIH Geneva will cater to a client base that consists of high net-worth individuals looking for rewarding opportunities in asset management, family office services, portfolio consolidation and […]
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