Exhibit “A” why streamlining money transfers to Somalia is an extraordinarily bad idea… A 30-year-old woman who lives in The Netherlands faces extradition to the US on charges of helping finance the Al Shabaab Jihadist terror group. The woman, who was born in Somalia, has Dutch citizenship. Two other women from Kenya and Somalia were also […]
Jihadist Finance: Ransoms from West Fund Al Qaeda
The New York Times has a new story out detailing the windfall to Al Qaeda from ransoms paid by the West… Kidnapping Europeans for ransom has become a global business for Al Qaeda, bankrolling its operations across the globe. While European governments deny paying ransoms, an investigation by The New York Times found that Al Qaeda […]
European Council committee against money laundering has urged Skopje to strengthen its laws against financing of terrorism. In a report published today, the Committee calls on the authorities of FYROM to urgently amend the legal framework and overcome technical shortfalls that restrict the country’s ability to adapt European standards in the fight against financing of […]
Every once in a while we come across an article on Shariah-Compliant Finance that truly boggles the mind. But the article we just found on zawya.com is in a class by itself. Not only does it pose a hypothesis that is absurd, but the wording of the article reads like something that you need a […]
The sanctions regime against Iran over its nuclear program and sponsorship of Jihadist terrorism is unfortunately unravelling at an alarming pace. Part and parcel to that process is a disturbing development in which the Supreme Court in the United Kingdom ruled on the side of Bank Mellat in its suit against the British government. Bank […]
IPT Report: Kuwait Financing Muslim Brotherhood Infiltration of West Through Mosques
The indispensable experts over at Steve Emerson’s Investigative Project on Terrorism have uncovered a Kuwaiti scheme to fund terrorism and radical Islam in the West via mosques. It seems the Kuwaitis are funding mosques in Europe and paying the salaries of radical Imams who are pushing Wahhabism and promoting the now-discredited Muslim Brotherhood in the […]
Hezbollah Raises Money for Jihadist Terror in Europe
Linked below is an excellent article that details how the European Union’s intransigence and refusal to declare Hezbollah a terrorist group has led to the Jihadist organization using Europe as a base for fundraising… Lebanese Shiite communities in Europe provide good recruiting pools for the Party of God and often donate money to Hezbollah-sponsored charities […]
Israeli Official: Hezbollah Heavily Funded From Europe
Israel’s Civil Defense Minister, Avi Dichter, told the Jerusalem Post that Hezbollah receives major funding out of Europe, including through Islamic charities, and emphasized that it is necessary for the European Union to designate Hezbollah a terrorist organization to curtail that funding: A decision by the European Union to blacklist Hezbollah would interrupt the group’s […]
New York Times: How Europe Bankrolls Terror
As SFW reported a week ago, European governments have been bankrolling Al Qaeda and its affiliates by paying ransoms when their citizens have been taken hostage: https://shariahfinancewatch.org/2013/02/10/former-us-diplomat-europeans-canada-paid-89-million-ransom-to-al-qaeda/ The New York Times provides a few new details…and the numbers involved appear to be growing…we reported $89 million a week ago and the Times is now reporting […]
Hezbollah: The World’s Most Dangerous “Charity”
Here at SFW, we have devoted a great deal of time and effort to education on the nefarious aspects of many Islamic charities. Over and over again we have seen examples of Islamic charities supporting violent Jihad. Most American observers first became aware of this activity with the release of the bipartisan 9/11 Commission Report […]
A former U.S. ambassador to Mali has alleged that France paid a $17 million ransom to free hostages seized from a French mining site – cash she said ultimately funded the al-Qaeda-linked Islamist militants its troops are now fighting. French officials, whose soldiers are pushing north into the territory where the missing captives are believed […]
It is no secret that the Jihadists seek to target the West’s economy and financial markets. Clearly, that was a main target on September 11th, 2001. Currently, there is a terrorism trial in Germany ongoing in which details have been revealed about Al Qaeda’s efforts to target Europe’s economy and financial system. The Jerusalem Post […]
Ireland has launched a misguided campaign to become the home of Shariah-compliant finance in Europe in an effort to rebuild its financial services sector. The Irish who are behind this move have no idea what they are inviting into their nation. In one generation, Ireland will no longer be recognizable under the yoke of Islamization. The country […]
Not long ago, the Islamic Financial Services Board (IFSB) was holding a summit in Tehran, Iran, which certainly indicates where that body stands on the issues of Jihad, state sponsorship of terrorism and nuclear proliferation. Now, in May, the IFSB will hold a summit in NATO/EU member Luxembourg. At this point we should refer to […]
Germany is resisting international pressure to freeze the activities of an Iranian-owned bank based in Hamburg that U.S. officials say provides the financial lifeblood for some of Iran’s blacklisted companies. U.S. and European Union officials in recent months have stepped up pressure on Germany to close down the European-Iranian Trade Bank AG—including a Feb. 2 […]
Dubai to export Shariah Finance to Europe
Dubai, scene of massive defaults on sukuk two years ago, is now set to export Shariah-Compliant Finance to Europe. Note that this dawah activity is run by an arm of the UAE government… Dubai’s financial services industry is fast emerging as a leading catalyst in the development of Islamic finance products and services to Europe, […]
In order to strengthen further the legal security of sukuk issuers, while ensuring adequate investor protection, the CSSF has issued a statement clarifying certain rules applicable to sukuk, in particular as regards the Annexes to the Prospectus Regulation. Sukuk may be treated as asset backed securities pursuant to the provision of Article 2.5 of the […]
An experimental liberal mosque in the Netherlands that held prayers in Dutch rather than Arabic, has closed because of financial woes. The Polder Mosque in Amsterdam was an effort to provide a model for young Dutch-born Muslims and converts to learn about Islam and practice it in a secular European nation. The mosque’s total debts […]
Dubai brings Islamic Bonds to Europe
A Dubai based private equity firm called Millennium Private Equity Ltd, which is apparently at least partially owned by the Dubai regime, plans to use Islamic financing for venture capital in Europe after buying the first corporate sukuk in the U.K. European companies may turn more to the Middle East for capital, as the region […]
A Qatar Islamic Bank-led joint venture will sell Shariah-based retail banking products in France. QIB has signed a memorandum of understanding with BPCE, France’s second largest banking group, to establish a joint venture financial institution that will develop and market Shariah-based retail banking products in the European country. “We have big plans for France and […]
As we reported here on October 27th and November 2nd of 2009, the first Shariah-Compliant bank will soon open in Germany. https://shariahfinancewatch.org/category/germany/ Germany’s first Islamic bank, a unit of Kuveyt Turk Bank of Turkey, is to open its doors in early 2010 in the southern city of Mannheim by the end of March. Germany has […]
While not specifying all of the questions which need to be asked about Shariah finance, a member of the Governing Council of the European Central Bank has at least shown some skepticism about it. Christian Noyer of France pointed out that “Islamic banks” pose risks to the financial system, many of them stemming from the […]
Islamic Finance comes to France; Promoters Worry About “Prejudice”
Islamic finance is making its way into France, but its promoters worry that retail establishments for Shariah-Compliant banking and finance will be inhibited by “prejudice” against Islam. Prejudice against Islam has NOTHING to do with opposition to Shariah-Compliant Finance. The problem is SHARIAH itself. Shariah is a barbaric doctrine which is inherently damaging to human […]
Support Your Local Shariah
David R. Stokes has written an excellent column on the Islamic Saudi Academy controversy in northern Virginia, as well as the insinuation of shariah into Western civilization, particularly Western Europe… http://townhall.com/columnists/DavidRStokes/2009/08/02/support_your_local_sharia&Comments=true
Many of the articles that come out of the financial press and the mainstream media regarding Shariah-Compliant Finance (euphemistically called “Islamic Finance”) ignore the most controversial and troubling aspects of the entire movement. The article linked below originating from the German media is no exception. It focuses on the “controversy” over sukuk, or Islamic bonds, […]
55% of Muslims in Denmark think criticism of religion should be illegal and 64% support curtailing of free speech. Not surprisingly, 90% of Muslims in Denmark vote for the Left… More from Islam in Europe blog… http://islamineurope.blogspot.com/2009/04/denmark-18-of-muslims-want-to-see.html
The application of shariah law in Western courts to accommodate Muslim immigrants is rearing its ugly head again. The field of family law is a very important fundamental legal area and if shariah is able to gain a firm foothold in that area, it would almost certainly have major implications down the road in commercial […]
Olivier Guitta of the Foundation for the Defense of Democracies has written a sobering piece for the Middle East Times about the spread of Shariah. He gives summaries of developments in Pakistan, Italy, France, Great Britain and Switzerland, with a particular emphasis on family law and the rights of women. Of particular interest was this […]
Shariah-Compliant Finance spreads its tentacles across borders and faiths
We at SFW have said all along that promoters of Shariah-Compliant Finance are ultimately looking to infiltrate our society and culture. Shariah finance is a first step in that process, especially using Shariah rules to govern transactions with non-Muslim entities. Over time, these types of transactions become accepted. Then they become the norm. It is […]
Qaradawi back in the news
If one listens to the promoters of Shariah-Compliant Finance, one gets the distinct impression that it is completely innocuous, even benevolent. The “scholars” who make the decisions about shariah compliance are made to seem like wise old men who sit around and do nothing but pray for peace all day long. The reality is somewhat […]
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