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. […]
Derivatives Go Shariah
They said it would never happen. The Shariah scholars said that derivatives were inherently “unislamic” and had no place in Shariah-Compliant Finance. Well, we guess “the truth changed.” Financial Times has an article explaining how derivatives are creeping their way into Shariah Finance. No doubt, greed played a prominent role in this transformation… The release […]
Reuters has a revealing article this morning which characterizes the spread of Shariah-Compliant Finance through quasi-official bodies headed by tyrannical regimes in Islamic nations. I’ll provide a quote that explains the gist of the article before I embark upon a deconstruction of the organization it came from: “Central banks are increasingly realizing they have to […]