The financial jihad is spreading to one of the most Westernized Islamic nations, Morocco… Abdul Latif Aljwahiri, the governor of Bank-Al-Maghrib, Morocco’s central bank, has announced on Tuesday that the country’s first financial institution fully compliant with the principles of the Islamic Sharia (law) will open in 2016. http://www.moroccoworldnews.com/2015/03/154760/first-moroccan-islamic-bank-open-2016-official/
This report is especially interesting given Goldman Sachs’ shameful attempts to promote Shariah-Compliant Finance. If Goldman is willing to buy booze and women for Qaddafi, what are they willing to do for Shariah scholars? Donate to their charities? Goldman Sachs employees had an “improper” relationship with a Gadhafi-era Libyan sovereign wealth fund, including a lavish […]
Cash-Rich Islamic State Buying Support in Morroco
On September 25, 2014 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Morocco, Terror Funding
WorldTribune.com reports that the Islamic State has been quietly building a presence in Morocco. IS is believed to have established cells in several regions of Morocco focused on the northern region of the North African kingdom, including Laarache and Tangier. “ISIL has plenty of money and are buying supporters,” a security source told World Tribune. http://www.worldtribune.com/2014/09/05/cash-flush-isil-buying-supporters-northern-morocco/ […]
Islamic State Fundraisers Captured By Spanish Authorities in Morroco
On September 15, 2014 · In ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Morocco, Spain
H/T Money Jihad Nine jihadists belonging to a cell for the Islamic State terrorist group were arrested on last month in the north of Morocco with the help of Spanish security forces. The arrests took place in Fez, Tétouan and Fnideq (Castillejos), not far from North African Spanish enclave of Ceuta, after extensive investigations involving Spanish security agents. […]
Moroccan banks Banque Centrale Populaire (BCP) and Banque Marocaine du Commerce Extérieur (BCME) have both revealed plans to create units offering Shariah-compliant financial services. This launch comes in anticipation of the adoption of a new law allowing the practice of Shariah banks in Morocco. The legislative framework was prepared by the Central Bank, the Bank Al-Maghrib, […]
Two of Morocco’s biggest banks, BMCE and BCP are preparing to launch Islamic subsidiaries as the Moroccan parliament discusses a bill regulating Shariah-compliant banks and sukuk issues. Parliament’s approval will be the last step before fully-fledged Shariah-compliant banks can be established in Morocco, whether they are subsidiaries of domestic banks or foreign owned, a measure which could attract more […]
The Gatestone Institute reports that Spanish authorities have broken up a Jihadi ring that was recruiting for and financing overseas Jihad operations: Spanish officials say the cell, based in southern Spain, was one of the largest of its kind in Europe and responsible for recruiting more jihadists than any other network discovered in Spain so […]
Sukuk, sometimes known as Islamic bonds, continue to be the vehicle of choice for Shariah-compliant finance. Oman just granted regulatory approval for its first sukuk… http://www.reuters.com/article/2013/06/26/oman-sukuk-idUSL5N0F21BW20130626 And Morocco…with the help of the Islamic Development Bank…has launched its first sukuk… http://www.cpifinancial.net/news/post/21528/moroccos-first-sukuk-being-backed-by-the-islamic-development-bank And last but not least, Nigeria’s first sukuk will be launched in July… http://www.reuters.com/article/2013/06/25/nigeria-osun-idUSL5N0F12J220130625 […]
Morocco appears set to join the list of nations, such as Oman and Jordan, who have changed their tax laws to give preferential treatment to sukuk, or Shariah-compliant bonds. Sukuk are becoming increasingly widespread and are on a trajectory to become a force in the world debt markets. Rich Islamists are already trying to insist […]
The world’s first Shariah-compliant movie fund, which is set to film and produce its own Hollywood-style story of a UAE hero, has reached more than $40m in just four weeks, the fund’s manager has told Arabian Business. Funding for Antar: The Black Knight is expected to reach $85-90m by April, half of which will come […]
Isn’t it amazing that the Muslims in Morocco can work in a winery and serve wine in their restaurants on the sly without much fuss at all, yet Muslims in America have suddenly begun to assert their religious “rights” by refusing to ring up pepperoni pizzas at the check out counter at Target stores? Wine […]
This art, and what the figures are doing in the painting would be forbidden under Shariah law. Life under Shariah would exclude fine art that violates Shariah, music, dance, freedom, and life as we know it. Islamic scholars say dance violates sharia – Salsa festival in Morocco stirs controversy Al-Arabiya, United Arab Emirates October 09 2008 […]
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