by Christopher W. Holton The Western embrace of Shariah through the financial backdoor is sometimes overt…and at other times more subtle. In this case, by accepting Shariah-compliant bonds into their emerging markets indices, JP Morgan Chase is normalizing Shariah in a subtle way… U.S. investment bank JPMorgan will include Islamic bonds, or sukuk, in its […]
H/T to Money Jihad blog: http://moneyjihad.wordpress.com/2014/03/04/j-p-morgan-to-saudi-banksters-buh-bye/ JP Morgan Chase has dropped Al-Rajhi Bank, the world’s largest Shariah-compliant lender, as a correspondent banking client amid a push to improve risk controls. The relationship with Saudi Arabia’s biggest publicly traded bank ended Dec. 31 because JPMorgan couldn’t get enough information on where payments in dollar-clearing services for Al-Rajhi […]
While this is not strictly directly related to Shariah Finance, we do find it rather curious. Perhaps the Iranian hackers do not realize that big Western banks like these have played a large role in facilitating Shariah-compliant finance in the West? Because they are actually targeting allies here in one sense…Note however, that the Iranians […]
Categories
Archives
