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 […]
Shariah Finance Watch editor briefs Congressional staffers on Shariah-Compliant Finance
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
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 […]
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 […]
Shariah Finance industry holds award dinner
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 […]
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
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 […]
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 […]
International Islamic Financial Market (IIFM) has launched the world’s first master agreement in Islamic finance.IIFM’s Master Agreement for Treasury Placement (MATP) can be used by Islamic financial institutions (IFIs) across the world for their over-the-counter (OTC) commodity Murabaha transactions. “The MATP is a benchmark document and a global first for the Islamic finance industry,” […]
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