Kuwait Finance House Continues Spread of Shariah Finance in Turkey
On December 30, 2014 · In Islamic Banking, Kuwait, murabaha, Shariah Banking, Shariah Mortgage, Turkey
Kuwait Finance House (KFH) continues to facilitate the spread of Shariah finance in Turkey. They just inked a new $350 million banking and mortgage deal through their Turkish affiliate. Turkey continues to drift toward Islamization and away from the rest of NATO… http://ameinfo.com/blog/finance-and-economy/kfh-announces-successful-conclusion-350m-syndicated-club-murabaha-facility-kfh-turkey/
Arcapita, one of the most notorious Shariah-Compliant international conglomerates, with a major office in Atlanta, Georgia, is looking for money to it can complete a “Shariah-Compliant” bankruptcy, something that would be the first of its kind in the USA. Goldman Sachs Group Inc., which is already providing Arcapita $350 million in bankruptcy exit financing, is now seeking […]
Back in the first quarter of this year, SFW covered Goldman Sachs’ ill-fated sojourn into the world of Islamic bonds (sukuk). Goldman had planned on floating a $2 billion sukuk but the entire project was shot down by Shariah scholars. It now appears that Goldman Sachs can thank the infamous Jihadist Mufti Taqi Usmani for […]
A $75 million Islamic bond issue by the Development Bank of Kazakhstan, the first sukuk issued in the former Soviet Union, is likely to spur more issues in Central Asia’s largest economy, banking officials said on Thursday. The 240 million five-year Malaysian ringgit ($75.5 million) issue on July 18, which generates an annual payment of […]
Shariah Finance Watch editor briefs Congressional staffers on Shariah-Compliant Finance
On June 8, 2012 · In "Ethical Investment", AIG, Al Qaeda, Amana Funds, Center for Security Policy, Creeping Shariah, Da'Wah, Dow Jones, Dow Jones Islamic Market, Elena Kagan, Hamas, HARVARD, Hezbollah, Hizb ut-Tahrir, Holy Land Foundation, HSBC, Interest, Investors Business Daily, Iran, Islam, Islamic Banking, Islamic charities, Islamic Economics, Islamic Finance, Islamic Law, Islamization, Jihad, Jihadist Groups/Individuals, Malaysia, Money Laundering, murabaha, MURAHABA, Muslim Brotherhood, Obama, OIC, purification, Qaradawi, Qatar, Regulation, Saudi Arabia, Sharia Compliant, Shariah Banking, Shariah Finance, Shariah in Academia, Shariah insurance, Shariah Law, Shariah Mortgage, Sovereign Wealth Funds, Sudan, Takaful, Taliban, Terror, Terror Funding, terrorism, The Banker, U.S. Policymakers, UAE, United Kingdom, USA, Usmani, Usury, VIDEOS, Wahhabism, Zakat
Recently we had the opportunity to brief staff members from 10 Congressional offices on the threat of Shariah Finance. The briefing was recorded and we have posted the full 1-hour briefing here for SFW viewers… Shariah Compliant Finance and Financial Jihad
Just in time for the victory by socialists, facilitated at least partially by Islamist backing, Shariah-Compliant Finance has entered the real estate market in France… La Française AM has launched the first Sharia compliant OPCI – collective real estate vehicles with simplified investment rules with leverage – into the French market as part of the […]
Money Jihad Blog: Why Minneapolis’s shariah loans must end
On February 24, 2012 · In Creeping Shariah, Islamization, Minnesota, murabaha, MURAHABA, Sharia Compliant, Shariah Mortgage
This is an excellent piece from an excellent blog that all SFW readers should be visiting on a regular basis. This particular entry is especially important as several folks we have spoken with view the Minneapolis program as “no big deal.” It is a big deal and the good folks at Money Jihad blog do […]
Money Jihad blog has posted two important articles over the past week regarding the Shariah-compliant alternative to conventional financing known as murabaha. One thing to remember about murabaha is that, almost invariably, these arrangements cost the borrower more than conventional financing would. Money Jihad compares murabaha to “rent-to-own” deals in the US. We think the comparison is […]
In the video at the link below, Guy David, partner, Gowling Lafleur Henderson, explains the potential for Shariah finance in Canada, including its application to residential mortgages and the capital markets. David admits that there is essentially no inherent demand for Shariah-compliant products in Canada; the market is not demand-driven, it is supply-driven. Muslims in […]
In a move that certainly cannot be considered surprising, the United Arab Emirates’ central bank has announced the creation of a new certificate of deposit that will comply with Shariah. The move will allow Shariah banks access to liquidity instruments that heretofore have been unavailable because conventional CDs are inherently violative of Shariah prohibitions against […]
Shariah Finance industry holds award dinner
On November 3, 2009 · In Bahrain, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Equity Funds, Islamic Finance, Islamic Index, Kuala Lumpur, Malaysia, murabaha, MURAHABA, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Bonds, Shariah Finance, Shariah insurance, Shariah Mortgage, SUKUK, Takaful
Though it is not the main theme of the article linked below, a major awards dinner was held in Kuala Lumpur, Malaysia on Tuesday night and we thought the listing of recipients was interesting in that it provides insight into the major players working to promote Shariah through its financial arm. It is always also […]
And now, Shariah-Compliant car loans…
On August 31, 2009 · In murabaha, Qatar, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Finance
The International Bank of Qatar has just released a new Shariah-Compliant automobile financing mechanism. You can be sure that this mechanism will soon pop up in the West, no doubt starting with Britain. And, in time, this will come to the USA… http://www.zawya.com/story.cfm/sidZAWYA20090830084535
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
Spreading Shariah to Non-Muslims
On June 29, 2009 · In Creeping Shariah, Dubai, Islamic Banking, Islamic Finance, Italy, murabaha, MURAHABA, Sharia Compliant, Shariah Banking, Shariah Mortgage
Gulf News has published an article about an Italian Buddhist living in Dubai who has taken out a Shariah-Compliant mortgage. The article claims that he did so because he believed that a mortgage based in religion would be “safer.” This is a common theme. Promoters of Shariah-Compliant Finance have been saying all along that they […]
This week, CNN and Money magazine ran an article focusing on the role of faith in the personal finances of certain families. In the article which they published which deals with a Muslim family, we have discovered a whole slew of questions with regard to matters outside of personal finance which, not surprisingly, the lapdogs […]
Shariah-Compliant Finance as a Safe Haven: Myth and Reality
On April 23, 2009 · In "Ethical Investment", Bahrain, Creeping Shariah, Dow Jones Islamic Market, Economic Crisis, Financial Institution, Investments, Iran, Islam, Islamic Banking, Islamic Economics, Islamic Equity Funds, Islamic Finance, Islamic Index, Markets and Trends, murabaha, MURAHABA, Pakistan, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Finance, Shariah insurance, Shariah Mortgage, Uncategorized
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 […]
The French bank, BNP Paribas has long had a reputation for being willing to do just about anything to make a franc. After all, they were the one Western bank that was willing to step up and provide financing for Iran when no one else would touch the ayatollahs. To this day, BNP Paribas is […]
According to the shariah authorities who control the world of shariah-compliant finance, Muslims are not allowed to impose or pay interest in financial transactions. (There is actually a little controversy about this. Some claim that usury is banned in Islam, but not all interest. However, as long as the Islamists control the Islamic world, that […]
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