posted by Christopher Holton The Islamic Financial Services Board (IFSB) is seeking to establish some clarity in the murky world of regulation of Shariah-compliant bonds, also known as sukuk. The bone of contention centers around whether sukuk are indeed compliant with shariah and what role national laws and regulations play. Such issues have gained prominence […]
As they say, a picture is worth a thousand words. A color-coded map may be even more useful. In this case, we’d say so anyway. The map shown here was created with data from the IFSB–the Islamic Financial Services Board. As you can see, there are some regions that stand out in terms of the prominence […]
This week in Oman, the Islamic Financial Services Board (IFSB) will hold a workshop covering “Standards on Risk Management, Corporate and Shariah Governance for Institutions offering Islamic Financial Services.” This event isn’t particularly noteworthy but it does provide a teaching moment for those who have doubts that Shariah-Compliant Finance’s first and foremost purpose is to […]
The Islamic Financial Services Board (IFSB) forecasts that the Shariah Finance industry will grow at a 15% annual rate over the next ten years. Meanwhile, HSBC, one of the leaders of the financial jihad in the West, points out that Shariah banking has grown at a 15% to 25% annual rate. As if to celebrate […]
Does Your Financial Institution Participate in Shariah Compliant Finance?
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. […]
Maybe the only thing worse than getting in bed with the financial jihadists is to get in bed with the financial jihadists, only to find out they don’t want you. That may be the situation Goldman Sachs finds itself in with regard to its Islamic bond (sukuk) program. It seems Goldman got the blessing from […]
The International Islamic Liquidity Management Corporation, a cooperative institution set up by the Islamic Financial Services Board and supported by ten Islamic nation central banks, is set to issue an Islamic bond in the next six months. The ILMC’s main objective is to develop short-term financial instruments to enable financial institutions to maintain liquidity in […]
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 […]
Islamic private equity firms face a reality check in the wake of the financial crises, delegates at the Islamic Financial Services Board summit were told. The key phrase: The same was true for conventional and Islamic private equity businesses… http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=288336
The Virus Spreads to Mauritius
The tiny island nation of Mauritius is the latest to succumb to Shariah finance as the Bank of Mauritius has been named to the Islamic Financial Services Board (IFSB). The reason this is worth mentioning is that Mauritius is not an Islamic nation. The financial jihadists are striving to push Shariah finance and Shariah-compliant products […]
Islamic finance board to set liquidity standards (an admission of trouble)
The Islamic Financial Services Board plans create guidelines for shariah-compliant banks to manage liquidity risks as the industry looks to beef up regulation after the financial crisis. Shariah-compliant banking has been hit by sukuk (Islamic bond) defaults and the now-deflated Dubai real estate bubble, though numerous industry spokesmen have spread the lie that Shariah Finance […]
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