Kiplinger Shills for Shariah
It is usually a mistake to write about something you know nothing about. This is advice that Janet Bodnar of Kiplinger’s Personal Finance should follow. In a new column, she decided to praise the Amana group of mutual funds for adhering to Islamic law. We assume that Ms. Bodnar knows nothing about “Islamic law,” properly […]
As if using NASA as a tool for “outreach” to the Islamic world was not enough, the U.S. government is now in the business of proselytizing for Shariah around the world. The U.S. Embassy in Dublin has sponsored a seminar on Muslim entrepreneurs and business in Ireland. A main point of the conference was the […]
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 […]
Reuters continues to shill for Shariah, this time by whitewashing the role of women in Shariah Finance
Reuters published a curious article today which, like much of what the former news agency pens about Shariah Finance, reads more like a marketing piece than a news article. This time Reuters is celebrating the role of women in Shariah Finance, speculating that they could play a much larger role than they are now… Recent […]
The Islamization of American Business
The intrepid Christopher Logan over at Logan’s Warning has brought a new web site to our attention: AmericanMuslimConsumer.com. On October 30th, there will be an American Muslim Consumer Conference which is described as: the only platform for industry professionals to examine this potent market sector, and explore its rich potential.It effectively raises awareness of the […]
A recent International Monetary Fund (IMF) report has argued that the rapidly growing Shariah banking sector may accelerate economic development of the Muslim world. We are a bit confused as to why this is, seeing as the Muslim world has been awash in petrodollars for generations, yet its overall economic development has been patchy at […]
Dubai brings Islamic Bonds to Europe
A Dubai based private equity firm called Millennium Private Equity Ltd, which is apparently at least partially owned by the Dubai regime, plans to use Islamic financing for venture capital in Europe after buying the first corporate sukuk in the U.K. European companies may turn more to the Middle East for capital, as the region […]
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
Today we came across a blog entitled “jalpari-the mermaid.” We have no idea what the significance of that name is, if any, but the blogger posted “Frequently Asked Questions about Zakat” today. Question Number 2 is “Who is qualified to receive zakat?” In the answer, Category 7g is: “to defend Muslims who are under attack” […]
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 […]
Islamic Finance is Islamic Law for Australia
There’s an election in Australia on 21 August and many Australians are hoping the current Islamic terror supporting Labor Government is bid farewell. http://www.australianislamistmonitor.org/index.php?option=com_content&view=article&id=3670:islamic-finance-is-islamic-law-for-australia&catid=185&Itemid=59
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 […]
Civil law and Shariah continue to butt up against each other, this time in Malaysia, where lawyers, bankers and Shariah scholars have had to assess the Shariah Finance industry where Sukuk holders rank in priority of payment when default occurs. A near-default in December of the dollar-denominated Sukuk from Dubai property developer Nakheel created fears […]
The Philippines’ state-owned Al -Amanah Islamic Bank may sell the nation’s first Shariah- compliant bonds to finance development in Muslim Mindanao the poorest region and base of Abu Sayyaf separatist militants. Global sales of debt that conform to Shariah law fell 29 percent to $6.65 billion this year, according to data compiled by Bloomberg. Mindanao […]
As Dean of Harvard Law School, Elena Kagan banned military recruiters from campus because US law said they couldn’t enlist homosexuals. Well, she invited the Saudi’s “recruiters” to promote their legal code–Shariah– which calls for homosexuals to be murdered and women to be treated like animals. If Kagan tolerates promoting the injustice of Shariah law […]
Andrew McCarthy: Elena Kagan’s ‘Don’t Ask Don’t Tell’ Shariah Policy
This is a VERY important article. It does an excellent job of detailing the origins of Shariah-Compliant Finance, how it fits in with the broader world of Shariah, and why Americans need to be concerned. We have excerpted part of the article below and provided a link. If you only read one article on Shariah […]
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 […]
For anyone who hasn’t seen the Senate confirmation hearings for Elena Kagan to the United States Supreme Court, don’t worry, you haven’t missed much. In fact, Kagan is being celebrated in the media for her sense of humor: http://www.politicsdaily.com/2010/06/30/elena-kagans-one-liners-leave-lawmakers-laughing/ This is really too bad because we have information that at least three members of the […]
In Islamic Iran where clerics rule, unofficial “prayer sellers,” who promise to intercede with the divine to solve all manner of life’s problems, are seeing their business boom. Iran’s clerics also believe in the power of prayer but they advise people against using prayers that lack a religious basis. Magic and superstition are both illegal […]
Deutsche Bank (Malaysia) Bhd (DBMB) has launched an online zakat settlement solution in Malaysia. A subsidiary of Deutsche Bank AG, DBMB is the first foreign bank to provide an end-to-end Islamic tithe collection solution which is Shariah compliant. As regular readers of SFW no doubt know, zakat is used for a variety of purposes, but […]
One Law for All Campaign will be holding a rally in London demonstrating against Shariah and for secular laws…details at the link… http://www.onelawforall.org.uk/20-june-2010/
Oklahoma’s legislature has taken action to allow that state’s citizens to vote down Shariah through referendum. Hat tip to Logan’s Warning. http://loganswarning.com/2010/06/12/oklahoma-rep-duncan-calls-for-preemptive-strike-on-sharia-video/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+Loganswarning+%28Loganswarning%29 Note: Tennessee and Louisiana have taken similar action through legislation. More details to come…
Australian Islamist Monitor Points Out the Inconvenient Truths About Shariah Finance
The financial jihadists have their sights set on our allies down under. Fortunately, there are those in Australia who are sounding the alarm. We can hope that enough people in Australia take notice of their warnings… http://www.australianislamistmonitor.org/index.php?option=com_content&view=article&id=3512:islamic-finance-nick-sherry-and-inconvenient-truths&catid=205&Itemid=59
Shaikh Mohammad Bin Rashid Al Maktoum, the man who rules Dubai, has issued a decree regulating the endowment sector’s (Waqf), income and expenses in compliance with Shariah laws. Endowment funds include educational Waqf endowment, Islamic Affairs Waqf, endowment fund for orphans and needy people, health endowment fund, social care fund, charity fund, and family endowment […]
Anwar Al-Awlaki’s 44 Ways of Supporting Jihad
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 […]
Long-time readers of SFW may recall the integral role played by Harvard Law school in promoting the financial jihad in America. Thanks to the largesse of some notorious Saudi royals and a few other like-minded Jihadis, Harvard law school has an entire program devoted to “Islamic finance.” Yours truly attended an Islamic finance conference at […]
A powerful Islamic seminary in northern India, with ties to Jihadist groups, has issued a fatwa, or decree, against Muslims working in banks. According to a spokesman for the seminary, tenets of Shariah law state that Muslims must not work in banks because as employees they would have to deal with transactions involving interest and […]
Hawala network tied to Times Square bomb plot
Hawala is an informal international Islamic money brokerage system with Shariah origins. It operates around the world, but exclusively in Islamic communities. It’s sort of like a Western Union system without any oversight. It is also used by money launderers to move wealth outside of the view of law enforcement and intelligence agencies. Hawala is also […]
More Definitive Proof of Zakat Funding Jihad
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
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/
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