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 […]
posted by Christopher Holton Saudi Arabia, Egypt, the United Arab Emirates and Bahrain accuse Qatar of financing “extremist” groups, including the Muslim Brotherhood. The four nations sent Qatar a list of 59 individuals and 12 institutions that allegedly finance terrorism and receive support from Qatar. Among the most prominent names on the list is Abdul […]
posted by Christopher W. Holton Sheikh Yusuf al-Qaradawi, one of the leading theologians of the Muslim world and one of the pioneers of Shariah finance, who is also considered the spiritual guide of the Muslim Brotherhood, has called for the murder of Christians. Ahmed Adnan, a Saudi journalist, writer and political advisor based in Lebanon […]
posted by Christopher W. Holton Qatar is certainly isolated due to its support for the Islamic State and the Muslim Brotherhood, in addition to its cozy ties with the Ayatollahs in Iran. The economic warfare has begun, with the United Arab Emirates firing the opening salvoes… A move by four Arab states to blacklist dozens […]
Toxic Propaganda from the Financial Jihadists on Shariah Finance
By Christopher W. Holton Periodically we see articles and marketing pieces come out promoting Shariah-compliant finance as somehow more “ethical” than conventional finance. In fact, Shariah finance is often promoted as the ethical substitute to conventional finance and promoters of Shariah finance, notably Sheikh Youssef De Lorenzo, who has written that Shariah finance should be […]
Sheikh Yousuf al-Qaradawi recently appeared on a popular television program in the Islamic world and endorsed suicide bombings “as long as they are ordered by a group,” even if they are sure to cause civilian casualties. Qaradawi is recognized as a pioneer Shariah scholar in promoting Shariah-compliant finance, serving on the Shariah advisory boards of […]
By now readers have no doubt heard that Interpol has issued an arrest warrant for Sheikh Yusuf al-Qaradawi. It is worth pointing out that Qaradawi was a driving force behind the early expansion of Shariah Compliant Finance and sits on the Shariah advisory boards of some of the world’s largest Shariah financial institutions, including the […]
Union of Good Web Site Goes Dark…For a While Anyway
Twice in the past 10 days or so, the excellent Global Muslim Brotherhood Daily Watch reported on the Union of Good’s web site. The first time, they reported that it had gone dark: http://www.globalmbwatch.com/2014/08/05/analysis-union-good-websites-dark-era/ The second time, unfortunately, they had to report that it came back up: http://www.globalmbwatch.com/2014/08/12/correction-union-of-good-website-back-online/ For readers who are not aware, the […]
Report: Egypt Orders Arrest of Sheikh Youssef al-Qaradawi
Egypt has reportedly ordered the arrest of Muslim Brotherhood Shariah scholar, Sheikh Youssef al-Qaradawi. SFW readers may recall that Qaradawi has been one of the pioneers of Shariah Finance for a few decades now, serving on the Shariah advisory board of some of the biggest banks and financial institutions in the Islamic world, including Bank […]
Al Gore Sells Out to Qatar: State-Owned Al Jazeera Buys Current TV
Al Gore has sold his failing Current TV television network. The buyer is none other than Al Jazeera, the infamous Islamist television network based out of Doha, Qatar (more on Qatar very shortly). Gore released an interesting statement along with the announcement of the sale: “Current Media was built based on a few key goals: […]
One of the challenges facing the Shariah Finance industry is a shortage of qualified Shariah scholars to serve as “advisers” to Shariah-compliant financial institutions. Not only is their a shortage of Shariah scholars, but many of the existing Shariah scholars are very old. Sheikh Youssef al-Qaradawi and Mufti Taqi Usmani are examples of the old […]
An Extremely Important Article on Shariah-Compliant Finance from Congressman Allen West
Investor’s Business Daily and Congressman Allen West have teamed up overnight to publish an extremely important op ed penned by Congressman West on the subject of Shariah-Compliant Finance. In his column, Congressman West points out virtually all of the major concerns surrounding Shariah-Compliant Finance and laments that it has received no critical scrutiny from US […]
Here we go again: Financial Times continues spread of the myth of “ethical” Shariah Finance
The financial jihadists have many enablers and useful idiots in the West who help them with their dawa’h mission to spread Shariah through economic imperialism. One surfaced today in the Financial Times. Like many in the financial media, the Financial Times has acted more like a cheerleader for Shariah Finance than as a responsible journalistic organization. […]
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
The US has offered a $10 million reward for the capture of Pakistani Jihadist Hafiz Muhammad Saeed. Saeed is associated with the terrorist group Lashkar e Taiba, the organization that carried out the horrific Mumbai terrorist attacks in India back in 2008. Long-time readers may recall that donations to Islamic charities in Pakistan in the […]
The article linked below is pro-Shariah Finance, but it brings up a good point. It doesn’t get to that point until the second half of the article, but it does eventually get to an interesting point. The article points out that the Shariah Finance industry is overly dependent on a few Shariah scholars, which is […]
Shariah Finance Watch hears from Mr. Oliver Agha, a Shariah Compliant Lawyer
Recently, Shariah Finance Watch received the letter below in response to a posting we published on 31 January. (https://shariahfinancewatch.org/2012/01/31/is-shariah-compliant-finance-a-failure-a-self-serving-answer-from-the-financial-jihadis/) To Whom It May Concern: I write to clarify certain facts and set the record straight in relation to an article published on-line and displayed on the website “Shariah Finance Watch” on January 31, 2012 […]
In the wake of the Toulouse Jihadist terror attacks, French President Nicholas Sarkozy has barred Jihadist cleric Yusuf al-Qaradawi from visiting France. This should not come as a complete surprise, since Qaradawi is already banned from Britain and the USA. But many people are not aware of Qaradawi’s background and involvement in Shariah-Compliant Finance. Qaradawi […]
Correcting The New Misinformation on Islamic Charities Funding Jihadist Terrorism
The Guardian in the UK has come out with an article (“Counterterrorism laws taking their toll on humanitarian action”) critical of US counterterrorism efforts that are designed to prevent the funneling of money to Jihadist terrorist groups, especially in Gaza and Somalia, two hotbeds of Jihadist terrorist activity. When ever we see misguided and ignorant […]
Another Apologist Attempts to Rewrite History for Cat Stevens
Most of SFW’s readers probably know who Cat Stevens is. He was a folk singer who converted to Islam in the late 1970s and changed his name to Yusuf Islam. At the time of his conversion, he swore off his music and devoted himself to his new-found faith. A few years later he found himself […]
CNN has a pretty good article that summarizes just where Al Qaeda is getting its money. Regular readers of Shariah Finance Watch will not be surprised by what CNN points out. CNN’s article identifies 4 primary sources of funding for Al Qaeda: “…wealthy individual patrons, infiltrated charities, criminal activities and legitimate businesses.” They are incorrect […]
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 Shariah Scholar Shortage Problem
Both opponents and proponents of Shariah finance recognize that there are relatively few Shariah scholars available to serve as advisers to financial institutions. Proponents of Shariah finance see this as a problem in that it could inhibit the global growth of the industry. Opponents see the shortage from a different perspective. First of all, several […]
Qatar Moves to Shut Down Shariah-Compliant Divisions of International Banks
Hat tip to Creeping Sharia for this find… For years now SFW has warned big Western banks like HSBC, Standard Chartered and Barclays about the perils of dabbling in Shariah-Compliant Finance. Each of these banks, but HSBC in particular, has happily jumped in bed with the financial jihadists to get their piece of the Shariah-Compliant […]
Euromoney.com is once again giving out awards for compliance to the financial wing of the barbaric, medieval doctrine known as Shariah. They have a whole host of awards to dole out (no fewer than 19 awards in the field of “Islamic” finance), which probably indicates that these awards are a convoluted effort to drum up […]
Incumbent Ohio treasurer Kevin Boyce has handed control of his office over to his top staffer, Deputy Treasurer Amer Ahmad, who has a habit of hanging around people who are well-known for ties to Islamic radicals and terrorists. Ahmad does so in his professional capacity, as well as in his personal life, choosing to attend an […]
Qatar Islamic Bank targets British mid-cap market
Qatar Islamic Bank, whose Shariah advisory board is headed by the Jihadist Sheikh Yusuf al-Qaradawi, has unveiled a new lending strategy targeting small to medium-sized British companies. QIB is focusing on profitable companies whose products are in line with “Islamic” tenets, which means Shariah-compliant. Qaradawi is forbidden to enter the UK due to his ties […]
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 […]
Andrew McCarthy reports: American Taxpayer, Financial Jihadist
Another superb article by Andrew McCarthy of National Review… Thanks to our takeover of AIG, we now are involved in Islamic finance. It is “financial jihad,” explained Yusuf Qaradawi, the Muslim Brotherhood’s sharia compass — and the man Feisal Rauf, the brains behind the proposed Ground Zero mosque, admires as “the most well-known legal authority […]
Investor’s Business Daily has a great editorial worth reading. It seems that Obama administration officials are holding summit meetings with lobbyists at Caribou Coffee across from the White House. Caribou Coffee is a Shariah-Compliant business owned by a bank in Bahrain whose Shariah advisory board chair is the Jihadist Sheikh Yusuf al-Qaradawi (banned from travel […]
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