Earlier this month, SFW brought to its readers a report on the possible motives of the Holder Justice Department not to prosecute CAIR (Council on American Islamic Relations) for its role in the Holy Land Foundation terrorism financing scheme: https://shariahfinancewatch.org/2011/07/07/report-attorney-general-eric-holder-protected-hamas-linked-council-on-american-islamic-relations-for-political-reasons/ Over at Andrew Breitbart’s Big Government site, Tom Fitton of Judicial Watch, has an article about […]
As previous reports have indicated, despite pledges not to become overly involved in politics, the Muslim Brotherhood is wading into political waters in Egypt with both feet and part of their agenda is to promote shariah-compliant finance. This is a sensitive subject in Egypt since some Egyptian shariah scholars have historically viewed many of the […]
Just last week, SFW linked to a BBC video report on a new policy in the UK to cut off public funds to Muslim organizations that have been found to fund “extremism:” https://shariahfinancewatch.org/2011/06/07/britain-to-cut-off-government-funding-to-islamist-groups-that-refuse-to-renounce-extremism/ Today, by way of the intrepid Melanie Phillips, we can provide more details on just how British public funds ended up in […]
Note that the only way for Shariah-Compliant Finance to thrive in Egypt was for the original Jihadist terrorist group, the Muslim Brotherhood, to ascend to power: Although Egypt is considered the birthplace of Islamic finance, which adheres to Islamic principles banning interest and speculative trading, its growth has lagged due to past corruption scandals, while […]
It comes as no surprise that the Muslim Brotherhood, the original modern Jihadist terrorist organization, which spawned Al Qaeda and formally founded HAMAS, is pushing for Egypt to use sukuk (Islamic bonds) for its sovereign debt… Egypt’s Freedom and Justice Party, set up by the Muslim Brotherhood to contest up to half the seats in […]
Linked below is a nice article that ties zakat and Islamic charities to Muslim Brotherhood organizations here in the USA, including mention of an organization we have not previously come across called “Muslim Advocates.” Muslim Advocates seems to oppose just about any effort to investigate Jihad and claims to provide accreditation for Islamic charities… http://www.americandailyherald.com/20110511497/audrey-russo/got-zakat-cretins-in-control-will-comply […]
In a development that illustrates the immense power wielded by Shariah scholars in the Islamic world, Muslim Brotherhood Sheikh Yusuf al-Qaradawi has issued a fatwa permitting Egyptians to skip going on hajj for a second time to use the money saved to donate to a special fund to help the Egyptian government’s fiscal woes. Qaradawi […]
The latest via Money Jihad… “funding for the FIOE is derived largely from Gulf sources, including some of the ruling families of the United Arab Emirates. The FIOE has strong ties to Hamas and Hamas fund-raising organizations, and some FIOE member organizations show evidence of links with Al-Qaida. http://moneyjihad.wordpress.com/2011/02/08/focus-on-fioe-funding/
Judicial Watch Sues Mayor Bloomberg for Records On Ground Zero Mosque
Attorneys for a public interest group that investigates and prosecutes government corruption filed a petition on Thursday with the New York State Supreme Court to compel New York City Mayor Michael Bloomberg’s office to comply with a Freedom of Information Law (FOIL) request regarding contacts between the Mayor’s office, Ground Zero Mosque Imam Feisal Abdul Rauf, and […]
Qatar Islamic Bank, the leading Shariah-compliant financial institution in Qatar and owner of the largest Shariah-compliant banking network in the world, has been chosen as the Bank of the Year by the Arabian Business Awards. We at SFW are certainly not celebrating this occasion, but we bring it up for a very good reason. Though […]
New dots are emerging from the probe into who’s behind the Ground Zero mosque, and the radical Muslim Brotherhood is coming into view. While a couple of U.S. nonprofits — the Cordoba Initiative and its sister, the American Society for Muslim Advancement — are coordinating the New York project, they hardly give the full picture. […]
Steve Emerson’s Investigative Project on Terrorism (IPT) does fabulous work. They’re starting to look into the funding for the Ground Zero Mosque. SFW will monitor their work closely and link it here frequently… http://www.investigativeproject.org/2134/the-tangled-web-of-the-gzm-imams-organizations
The Economist Lashes Out on the Ground Zero Mosque
The Economist has run what amounts to a poorly researched hit piece criticizing opponents of the Ground Zero mosque. This isn’t strictly a financial matter and we usually try to limit our scope to issues surrounding finance here on SFW, however, because The Economist has been such a shameful shill for Shariah Compliant Finance in […]
The folks at Money Jihad blog have uncovered another disturbing “gem.” The BBC broadcast a radio documentary on Aug. 16 on the role of the Muslim Brotherhood in Egypt. For those who may not know, the Muslim Brotherhood is essentially the political wing of the global jihadist insurgency. Like Hezbollah and their affiliate, HAMAS, as […]
Saudi financial jihadist prince eyes new links with News Corp.
The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch’s News Corp. said he is looking to expand his alliances with the media giant. Prince Alwaleed bin Talal, a nephew of the Saudi king and who was listed last year by Forbes as the world’s 22nd richest person, met withNews Corp.’s chief […]
Jordanian Muslim Brotherhood leader Hamam Said stood trial Tuesday in Jordan together with another six members of the Islamic organization on corruption charges in their management of Islamic charitable organizations. If they are convicted, they are expected to receive prison sentences of up to three years. It is not known if the corruption involved diversion […]
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 […]
From time to time, readers will email us asking for a list of Shariah-Compliant companies. A complete version of such a list is extremely difficult to come by. Some of the better sources for such a listing would be the annual and semi-annual reports of the various Shariah-Compliant investment funds. These reports usually include portfolio […]
Feds Move to Seize Alavi Assets, Aiming at Iran, Bank Melli (World’s Number 1 Shariah-Compliant Bank)
Yesterday the US attorney’s office in Manhattan moved to seize assets of a non-profit foundation tied to Iran. Among those assets are four mosques in New York, California, Maryland and Texas, 100 acres of land in Virginia and a 36-story building at 650 5th Avenue in Manhattan. Much of this activity centers around the ties […]
This gives a whole new meaning to the term “Islamic finance…” Islamic nonprofit paid for Rep. Ellison’s pilgrimage to Mecca Tax records show the group that paid Ellison’s expenses, the Muslim American Society of Minnesota, received nearly $900,000 in taxpayer money in 2006 and 2007… http://www.startribune.com/politics/national/house/51361722.html?elr=KArksi8cyaiUqCP:iUiD3aPc:_Yyc:aU7DYaGEP7vDEh7P:DiUs
Qaradawi funds HAMAS through charity: report
Regular readers of SFW are no doubt familiar with Sheikh Yusuf al-Qaradawi. He has frequently been the subject of posts here on our site: https://shariahfinancewatch.org/category/qaradawi/ Qaradawi has many items on his resume’ worth noting: • Founder of IslamOnline • Shariah advisor to several international financial institutions, including Bank Al Taqwa, which was shut down several […]
Islamic Development Bank could raise $500m bond (sukuk)
The Jeddah, Saudi Arabia-based Islamic Development bank will soon issue a $500 million sukuk or Islamic bond issue. This is rather controversial in Shariah Finance circles since Mufti Taqi Usmani issued an opinion last year declaring that most such instruments are in fact NOT Shariah-compliant and are unislamic. That opinion, along with the world economic […]
CAIR asks US leaders to address “growing Islamophobia”
The Council on American Islamic Relations (CAIR) issued a press release late yesterday calling on U.S. leaders to address what the organization says is “growing Islamophobia” in the U.S. At the end of the release, CAIR lists a host of links to several alleged instances of “Islamophobia,” as well as a bunch of other links […]
“For instance, in the United States, rules on charitable giving have made it harder for Muslims to fulfill their religious obligation. That is why I am committed to working with American Muslims to ensure that they can fulfill zakat.” President Barack Hussein Obama We’re still shaking our heads in disgust over Obama’s pledge to ease the […]
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 […]
Reuters has a revealing article this morning which characterizes the spread of Shariah-Compliant Finance through quasi-official bodies headed by tyrannical regimes in Islamic nations. I’ll provide a quote that explains the gist of the article before I embark upon a deconstruction of the organization it came from: “Central banks are increasingly realizing they have to […]
Andrew McCarthy is an American hero. He was going after Jihadists and putting them in prisons for years before most of us were even paying attention to the Jihadist threat. Now, he explains that the threat is much more comprehensive than just terrorism and he explains why that is so dangerous…via the good folks at […]
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