The web site Favstocks.com has published what amounts to propaganda for the financial jihadists. In an online article published on July 1st, the site “explained” “Islamic investing,” touting it as “socially responsible.” This affords us a teaching moment. We will go through the various aspects of the article and deconstruct the propaganda: ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• “Islamic fund […]
The Washington Post is reporting that Washington DC public school students are being instructed in Arabic and participating in a cultural exchange program that is being sponsored by the Qatar Foundation International, an organization with ties to the Youssef Qaradawi, a Shariah scholar who has been banned from traveling to the US or the UK […]
Fox’s Evansky Details Terror Ties of Turkish Charity in Gaza Operation
On June 1, 2010 · In Hamas, Islamic charities, Israel, Jihad, Palestinians, Qaradawi, Terror, Terror Funding, terrorism, Turkey
Ben Evansky of Fox News has penned a very good and extremely timely report on the Foundation for Human Rights and Humanitarian Relief (IHH), an Islamic charity involved in the so-called “relief” mission (read infiltration operation) into the Gaza Strip from the Mediterranean Sea. The first clue that IHH is a bad organization comes from […]
Anwar Al-Awlaki’s 44 Ways of Supporting Jihad
On May 23, 2010 · In Al Qaeda, Al-Awlaki, Islam, Islamic charities, Islamic Law, Jihad, Qaradawi, Shariah Law, Terror, Terror Funding, terrorism, Yemen, Zakat
Our Jihadist enemies sometimes can be very upfront about their intentions and methods. This is true in the financial arena, just as it is true in violent jihad. We have seen this pointed out twice in recent blog posts here on SFW. On 7 May, we pointed out that Sheikh Yusuf al-Qaradawi had confirmed that […]
Yesterday, SFW posted a disturbing article detailing Sheikh Yusuf al-Qardawi’s instructions on zakat (Islamic alms giving): https://shariahfinancewatch.org/2010/05/07/more-definitive-proof-of-zakat-funding-jihad/ Some readers may be skeptical that the views of a man living in Qatar, as expressed to another man living in Egypt, would be relevant in the United States. Not only are Qaradawi’s views relevant because he is […]
More Definitive Proof of Zakat Funding Jihad
On May 7, 2010 · In Islamic charities, Islamic Law, Jihad, Qaradawi, Sharia Compliant, Shariah Law, Terror, Terror Funding, terrorism, Zakat
One of the most popular web sites among American Muslims is Islam Online. Islam Online was founded by Sheikh Yussef al-Qaradawi, a man we have written about extensively on SFW. Qaradawi is perhaps best known in the Western world for being banned from travel to the USA and the UK because of his ties to […]
More on Zakat and Jihad from Money Jihad Blog
On May 6, 2010 · In Al Qaeda, Islamic charities, Jihad, Qaradawi, Shariah Law, Terror, Terror Funding, terrorism
A concise and useful summary of the role of zakat in financing Jihad from the good folks at Money Jihad… http://moneyjihad.wordpress.com/2010/05/05/wednesday-word-mujahid/
Sheikh Yusuf al-Qaradawi, the most prominent Sunni Shariah scholar in the world, has called for the boycott of American and Israeli goods. Qaradawi has longstanding ties to Jihadist organizations and is banned from travel to the US and the UK. Nevertheless, he sits on the Shariah advisory boards of several major international financial institutions and […]
A Scheme to Route Zakat Through OIC?
On March 22, 2010 · In Islamic charities, Jihad, OIC, Qaradawi, Saudi Arabia, Shariah Law, Terror, Terror Funding, terrorism, Zakat
An official of the Organization of the Islamic Conference (OIC) put forth a proposal this week to route all zakat through the OIC. This would be a troubling development since the OIC is dominated by Saudi Arabia. Saudi Arabia’s official state religion is Wahhabi Islam, a particularly intolerant and violent sect. Moreover, the OIC has […]
Are We Financing Our Own Demise?
On March 4, 2010 · In "Ethical Investment", AAOIFI, Hezbollah, Human Rights under Shariah, Human Rights under Shariah Law, Iran, Islamic charities, Islamic Finance, Islamic Financial Services Board, Islamic Law, Islamic schools, Jihad, madrassas, Qaradawi, Sharia Compliant, Sharia Products, Shariah Boards, Shariah Councils, Shariah Finance, Shariah Law, Takaful, Taliban, Terror Funding, Usmani, Zakat
Gadi Adelman and the intrepid Joy Brighton have just published an outstanding analysis of Shariah-Compliant Finance over on the Financial Security Matters site. Please take the time to read it and pass it on to your friends and associates: http://www.familysecuritymatters.org/publications/id.5632/pub_detail.asp
We ordinarily do not post links to articles which require a subscription to read, but we made an exception in this case. This is the sad story of a man who traveled to the Persian Gulf nation of Qatar to promote his banking career with a big Qatari bank. He no doubt regrets that decision […]
Long time readers of SFW are likely familiar with Sheikh Yusuf al-Qaradawi. Qaradawi chairs the Shariah advisory boards of some major international financial firms and is also chairman of the Union of Good, a group of Islamic charities which support Jihadist terrorist organizations. Qaradawi is also infamous for declaring in late 2008 that “Islamic” finance […]
Sentencing delayed for U.S. Muslim linked to Hamas charity
On December 17, 2009 · In Hamas, Islamic charities, Jihad, Qaradawi, Shariah Boards, Shariah Councils, Terror Funding, Zakat
Two of the chief concerns surrounding Shariah Compliant Finance are the issues of zakat and purification in which proceeds are donated to Muslim charities selected by Shariah Advisory Boards. With horrible people like Mufti Taqi Usmani (the “grand-daddy” of modern Islamic finance) and Sheikh Yussef al Qaradawi sitting on such boards, it is not hard […]
A Shameless, Shallow Advertorial for Shariah Finance from Oxford Analytica and Forbes.com
On December 12, 2009 · In Abu Dhabi, Credit Dirivatives, Debt Bonds, Defaults, Derivatives, Dubai, Dubai Investment Group, Dubai Islamic Bank, Economic Crisis, Emirates, Financial Institution, Hezbollah, HSBC, Investments, Iran, Islam, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Finance, Islamic Law, Kuwait, Lebanon, Qaradawi, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Boards, Shariah Bonds, Shariah Councils, Shariah Finance, Shariah insurance, Shariah Law, SUKUK, Takaful, Taliban, Usmani
Malcom Forbes must be spinning in his grave. His namesake publication’s web site has published an article which basically promotes a financial and economic system which by its very nature seeks to replace capitalism and our free enterprise system: http://www.forbes.com/2009/12/10/islamic-finance-after-dubai-business-oxford-analytica-islamic-finance.html?feed=rss_business In fact, the article reads less like journalism and more like a press release from […]
Sheikh Yusuf al-Qaradawi, the Sunni Islam world’s most prominent Shariah scholar, who has been banned from traveling to the USA and Great Britain due to his ties to terrorist organizations, sits on the Shariah advisory boards of several state-owned Shariah-compliant financial institutions in the Gulf region. (Regular readers of SFW need no introduction to Qaradawi.) […]
U.S. taxpayers funding terrorism: the ties that blind
On November 17, 2009 · In AIG, Al Qaeda, Britain, Center for Security Policy, Citigroup, Creeping Shariah, fiqh council of north america, Heros against Shariah, Islamic charities, Islamic Finance, Islamic Law, Islamization, Jihad, Qaradawi, Saudi Arabia, Sharia Compliant, Sharia Products, Shariah Boards, Shariah Councils, Shariah Finance, Shariah insurance, Shariah Law, stealth jihad, Takaful, Terror Funding, terrorism, U.S. Policymakers, United Kingdom, USA, Zakat
What would you think if it was proven beyond doubt your tax money is getting into the hands of terrorists, not altogether accidentally? How would you feel if you discovered that the dollar you paid in income tax had been channeled by the federal government through a bank bailout law to Citigroup which then ‘invested’ in […]
Feds Move to Seize Alavi Assets, Aiming at Iran, Bank Melli (World’s Number 1 Shariah-Compliant Bank)
On November 13, 2009 · In "Ethical Investment", Alavi Foundation, CAIR, Financial Institution, Iran, Islam, Islamic Banking, Islamic Finance, Jihad, Money Laundering, Muslim Brotherhood, Qaradawi, Sharia Compliant, Shariah Banking, Shariah Finance, Terror, Terror Funding, terrorism, USA
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 […]
Just over a week ago, SFW reported on a new Islamic charity fund that is due to be launched in the first quarter of 2010. https://shariahfinancewatch.org/2009/09/30/first-islamic-charity-fund-plans-q1-launch/ At the time we posted that information, we pointed out (as we have done repeatedly) that there are real concerns about Islamic charities funding Jihad as a requirement of […]
Swiss and UN drop sanctions against businessman tied to Bank al-Taqwa
On September 30, 2009 · In Islamic Banking, Italy, Qaradawi, Shariah Banking, Shariah Boards, Terror, Terror Funding, terrorism
Switzerland has lifted travel restrictions on a Muslim businessman suspected by the U.S. of links to al-Qaeda. The Swiss Secretariat for Economic Affairs says it has also unblocked bank accounts belonging to Youssef M. Nada. It should be noted that there has been no official release from the US Treasury regarding this and no indication […]
Steven Emerson is one of America’s foremost authorities on Jihad and terrorism. He has written a very good profile of one of our least favorite people in the world: Sheikh Yusuf al-Qaradawi. Qaradawi, of course, is on the Shariah advisory boards of several financial institutions and is considered the foremost authority on Shariah in the […]
QInvest and Fortis Bank Nederland to create first Shariah Compliant “Mezzanine” Shipping Fund.
On September 4, 2009 · In Dow Jones, Dow Jones Islamic Market, Fatwa, Financial Institution, fiqh, Islamic charities, Islamic Finance, Islamic Law, Jurisprudence, Qaradawi, Qatar, Sharia Compliant, Shariah Boards, Shariah Councils, Shariah Finance, Shariah Law, Terror Funding, Zakat
The Netherlands has now joined the Shariah nightmare as one of that country’s biggest banks, Fortis, is teaming up with QInvest of Qatar to launch a fund to target financing opportunities in the marine transportation industry. This actually gives SFW the opportunity to comment on the wider implications of Shariah Compliant Finance and some of […]
Why Muslim Charities Fund the Jihad–MUST READ article from Raymond Ibrahim
On August 16, 2009 · In Al Qaeda, Human Rights under Shariah, Human Rights under Shariah Law, Islam, Islamic charities, Islamic Law, Islamic schools, Jihad, madrassas, Obama, Qaradawi, Shariah and Homosexuality, Shariah Law, stealth jihad, Terror, Terror Funding, terrorism
Raymond Ibrahim is absolutely one of America’s foremost experts on Jihad. His book, “The Al Qaeda Reader,” is especially a real eye-opener in terms of the critical role that Shariah plays in Jihad. Today, over at Pajamas Media, Ibrahim has written an article which covers a topic that we have focused a great deal of […]
Qaradawi funds HAMAS through charity: report
On July 20, 2009 · In Hamas, Islamic charities, Israel, Muslim Brotherhood, Qaradawi, Terror, Terror Funding, terrorism, Zakat
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 […]
A Caliphate of Toxic Assets
On June 30, 2009 · In AIG, Amana Funds, Citigroup, Hizb ut-Tahrir, HSBC, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Equity Funds, Islamic Finance, Islamic Law, Jihad, Qaradawi, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Finance, Shariah insurance, Shariah Law, Terror Funding
Alyssa A. Lappen has been writing about Shariah and Shariah-Compliant Finance for quite some time and there are few, if any, writers who are as informed on these subjects as she. Her latest work appears on FrontPageMag.com and we enthusiastically recommend it to our readers… http://www.frontpagemag.com/readArticle.aspx?ARTID=35378
The Middle East North Africa Financial Network has just published a report on Shariah-Compliant Finance. The report (linked below) starts out with a promising title–“Shariah Compliant or Complaint”–but soon resorts to the same misinformation about the performance of Shariah-Compliant assets and vehicles for which the industry is now infamous. http://www.menafn.com/qn_news_story_s.asp?StoryId=1093254534 The MENAFN report glosses over […]
Hizb ut-Tahrir: Jihadists target “capitalism”
On June 21, 2009 · In Creeping Shariah, Da'Wah, Economic Crisis, Hizb ut-Tahrir, Islam, Islamic Economics, Islamic Finance, Islamic Law, Islamic schools, Islamization, Jihad, madrassas, Qaradawi, Shariah Finance, Shariah Law, stealth jihad, United Kingdom, USA
Hizb ut-Tahrir is a global Jihadist political organization which has been especially active in Great Britain in recent years. The organization is banned in Germany and has been declared a terrorist organization. Now, as the excellent folks at the Counterterrorism blog explain, they are emerging in the USA: http://counterterrorismblog.org/2009/06/hizb_ut-tahrir_america_enters.php Hizb ut Tahrir has an English […]
The NEFA Foundation has obtained a transcript of an audio message from Sheikh Mustafa Abu al-Yazid (a.k.a. “Sheikh Saeed”). In May 2007, Al-Qaeda’s official As-Sahab Media Wing identified al-Yazid as “the overall head of al-Qaeda Organization in Afghanistan.” According to As-Sahab, al-Yazid “took part in founding al-Qaeda in 1989, and is a member of the […]
“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 […]
Islamic charities continue to fund the Taliban
On June 5, 2009 · In Afghanistan, Al Qaeda, Hamas, Hezbollah, Islam, Islamic charities, Islamic Law, Jihad, Qaradawi, Sharia Compliant, Shariah Boards, Shariah Councils, Shariah Finance, Shariah Law, Taliban, Terror, Terror Funding, terrorism, Uncategorized, Usmani, Zakat
Regular readers of SFW know that we have devoted a considerable amount of space to covering financial support from Muslim charities for Jihadist organizations: https://shariahfinancewatch.org/category/islamic-charities/ This is of particular relevance to Shariah-Compliant Finance because of the practice of zakat–a form of required tithing in Islam. Shariah-compliant firms donate 1/40, or 2.5%, of their assets through […]
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 […]
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