Beware of Financial Jihadist Claims in Post-Pandemic Market
posted by Christopher W. Holton The world economy and financial markets have been beset by an unprecedented collapse brought about by the Wuhan virus pandemic. In such environments charlatans and swindlers often move in to take advantage. One particularly risk for investors will be promoters of shariah-compliant finance. Shariah complaint finance is a form of […]
In the middle of last year, New Jersey-based Javelin Investment Management announced it would offer an ETF based on the Dow Jones Islamic Market Titans 100. http://www.kippreport.com/2010/02/plus-ca-exchange/
Shariah finance: The deadly Jihadist weapon with a dollar sign
It is highly appropriate that SFW end 2009 by sharing the latest work from one of the true heroes of the Western world in the fight against Shariah: David Yerushalmi. Mr. Yerushalmi’s essay in the Washington Examiner provides both a primer for those unfamiliar with the issue of Shariah Finance, as well as an update […]
Malaysia’s stock exchange will launch a global murabaha trading platform next month to serve a market worth over $100 billion, amid fierce industry debate over the permissibility of the Islamic funding structure. http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSKLR43272420090728
We wonder if anyone at Dow Jones even knows what Shariah is… “Dow Jones has launched a new Islamic index, which has been simultaneously licensed to an exchange-traded fund (ETF) provider in the US. The Dow Jones Islamic Market International Titans 100 Index will track 100 companies outside the US which have passed sharia screening […]
FTSE and the Stock Exchange of Thailand have added a Shariah index to the exchange’s benchmarks. This is most unfortunate and is illustrative of the spread of Shariah worldwide. This is especially disconcerting in the case of Thailand, which has been racked by a bloody Islamist insurgency over the past several years. One cannot help […]
We have good news and bad news. First the bad news: the Shariah-Compliant Finance industry continues to grow worldwide. This is bad news for a variety of reasons, particularly these two: + The purpose of Shariah-Compliant Finance is to serve as “missionary work” to spread Shariah. So, when Shariah-Compliant Finance grows, Shariah spreads. Because Shariah […]
Stress-testing Shariah-Compliant Finance
RGE Monitor has come up with an excellent analysis of the Shariah-Compliant Finance industry and has pretty much debunked all the misleading and flowery reports about Shariah-Compliance providing a safe haven against the current economic decline and financial downturn. It also reinforces another important aspect of Shariah-Compliant Finance that we’ve been writing about on SFW […]
Shariah-Compliant Finance as a Safe Haven: Myth and Reality
Promoters of Shariah-Compliant Finance routinely violate the trust of investors when they proclaim that investing according to shariah principles has provided a safe haven from the recent and current financial crisis. Could any other sector get away with such lies? The lies emanate from the entire range of shariah practitioners, from individual investors themselves all […]
Dow Jones Islamic Market Index marks 10th Anniversary
The Dow-Jones Islamic Market Index is 10 years old. Excuse us if we decline to join in the celebration of one of America’s financial icons helping our enemy’s threat doctrine infiltrate our financial system. Dow Jones’ due diligence with regard to that entity has been nothing short of LOUSY. Case in point: they brought on […]
Unfortunately we overlooked an excellent article two weeks ago. Alyssa Lappen is one of the most knowledgeable writers on Shariah and Shariah-Compliant Finance. She wrote an article for FrontPageMag.com. In this article she points out that some sukuk–or Islamic Bonds–are in fact structured in such as way that they simply cannot be classified as anything […]
On Tuesday, February 17, a celebration of “Islamic finance” will be held in the Ronald Reagan Building in Washington, D.C. Frankly, the thought of the enemy threat doctrine being promoted inside the walls of the building bearing the name of the greatest American president of our generation is certainly disheartening. The featured speaker is Sheikh […]
Just when we were glad that some in the media were taking a critical look at Shariah-Compliant Finance, Barron’s comes up with a real stinker–an article which amounts to a celebration and promotion of Shariah. As usual, this occurs without the article actually ever defining Shariah or identifying any of its characteristics. This probably should not […]
FINALLY…a critical article about Shariah-Compliant Finance…
…actually, it isn’t THAT great, but it’s better than most of the fluff pieces being produced on the subject these days. Foreign Policy has published a piece entitled Faith in the Market. They at least attempt a balanced view of Shariah-Compliant Finance, though they miss the most important points (which we will attempt to clear up here […]
KUALA LUMPUR, Dec 1 (Reuters) – Islamic banking is gaining ground with non-Muslims worldwide due to its strict lending principles, Singapore’s third-largest lender OCBC said on Monday, reflecting industry efforts to transcend religious beliefs to gain market share. Sharia finance is a blend of Islamic economics and modern lending principles and its products […]
The article illustrates that the promoters of Shariah-Compliant Finance are not simply interested in making such products available to Muslims. They want to attract the assets of non-Muslims as well. The article fails to mention 3 major threats to Shariah-Compliant Finance: 1. Failure to disclose the true nature of Shariah, which is of particular significance […]
Malaysian Court of Justice We are recommending this article to readers of this blog in general for its links in the right column on shariah finance – obviously it is pro-SCF and we disagree with that, but the links and resources are useful. Points of Essence: Malaysian courts are urged to seek guidance from the […]
Shariah Laws and Finance will try to poise themselves as the saviors of the economic crisis, but they are not immune. Do not fall for the SCF is a safe investment ploy.
Gulf states poised to weather financial crisis By Julia Wheeler BBC News, Dubai Gulf stock exchanges are apt to exaggerate volatility felt elsewhere Gulf stock markets are not immune to the global battering the current tornado of volatility has brought. In Saudi Arabia, there has been a 45% drop in share values this year and […]
Monday, 18 August 2008 Islamic banking is in its golden period of growth Dr Jasim Ali (Gulf News) Last week Moody’s Investors Services published an exceptional report about Islamic banking industry. Entitled, “Frequently Asked Questions: Notable Trends in Global Islamic Finance”, the report revealed some valuable insights into the potential of Islamic banking. Yet, one […]
KUALA LUMPUR, May 30 (Reuters) – Malaysia has increased the number of Islamic stocks listed on its stock exchange to 843, the market regulator said on Friday, widening the range of assets offered to investors seeking sharia-compliant investments. The list of sharia-compliant securities was updated to take include 23 stocks, such as top […]
Peace of cake Muslim Converts in Austria hat tip-Ronit Fraid [email protected] http://tinyurl.com/42ehjg May 15, 2008 Salam Cafe screens Wednesdays at 10pm on SBS. Photo: Supplied Other related coverage Salam Cafe Salam Cafe aims to bust misconceptions about Muslims, writes Sacha Molitorisz. THE format is hardly ground-breaking. As a blend of The Chaser and The […]
Energy Sector Roundup: The oil slide continues Associated Press 04.30.08, 3:30 PM ET http://www.forbes.com/feeds/ap/2008/04/30/ap4954519.html Oil Futures Pushed Down by Higher Inventories Oil prices fell after the Federal Reserve cut interest rates and a government report said fuel supplies unexpectedly fell last week. Light, sweet crude for June delivery […]
Press Release Are Your Mutual Funds Terror-Free? The Next Step in Socially Responsible Investing: http://www.terrorfreecalculator.com/ PHOENIX, April 30, 2008 — Conflict Securities Advisory Group (CSAG) and Overlap Inc. today officially launched terrorfreecalculator.com (http://www.terrorfreecalculator.com/), a new Web site dedicated to equipping investors in determining whether their mutual funds invest in companies that do business in […]
Stanchart opens its largest trading floor in Middle East Standard Chartered bank has opened its largest trading floor in the Middle East at the Dubai International Financial Centre (DIFC), the global financial hub. From correspondents in Emirates, United Arab Emirates, 29 Apr 2008 4:01 PM – (www.indiaenews.com) Standard Chartered bank has opened its largest […]
European stocks driven by energy sector gains Mon Apr 28, 7:16 AM ET Europe’s main stock markets advanced Monday, with the energy sector moving higher on the back of record oil prices and after earlier gains in Asia, dealers said. In late morning trade, London’s FTSE 100 index of top companies rose 0.57 percent to […]
Global Investment House –Kuwait- Kuwait Stock Exchange -Market Performance Global Investment House –Kuwait- Kuwait Stock Exchange -Market Performance –After recording good growth over past few months, there was a correction in Kuwait market in March-2008. During the month, many companies in Kuwait were traded ex-dividend pushing investors to change their positions […]
Weekly Market Report on the GCC Stock Markets-Gulfbase
GulfBase.com is pleased to present the Weekly Market Report on the GCC stock markets; summary of markets’ indices along with gainers, decliners, volume and value leaders in addition to a summary of the whole market over the past week. Please find below an updated summary of the GCC stock markets’ indices as of 21/02/2008: […]
ABS may help match bonds with Shariah-Moody’s
http://www.reuters.com/article/IslamicBankingandFinance08/idUSL0455910620080204 hat tip-Margo I.
Financial Times FT.com MARKETS On Asia // <![CDATA[ if(typeof window.close != “undefined”) {document.write( ‘ Close ‘ ) }// ]]< Close // <![CDATA[ if(typeof subs!=”undefined” && subs==”Y”) {document.write(‘ Subscription page ‘);}// ]]> // <![CDATA[ if(typeof window.print != “undefined”) {document.write(‘‘) }// ]]> On Asia: Suspicion over sovereign fund investments By Sunny Tucker Published: January 25 2008 19:19 […]
Forbes-As Islamic banks boom, scholars are hard to find.
go to the link to read this very revealing article on Forbes FEATURE-As Islamic banks boom, scholars are hard to find Forbes – NY,USA A small group of usually robed and bearded Islamic scholars — experts in Islamic law, known as sharia — holds sway over the booming bank sector, …
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