The desperate quest to retrieve petrodollars sent to oil-rich Islamic states results in individuals and institutions outside the Islamic world embracing the Islamic doctrine of Shariah, allowing it to infiltrate through the financial underbelly… The 24th meeting of the IFSB Council, hosted by Autoriti Monetari Brunei Darussalam (AMBD), was held on 27 March 2014 at the […]
Typical Propaganda on Islamic Bonds from Saudi State-Controlled Media
On October 7, 2011 · In Britain, China, Creeping Shariah, Defaults, Economic Crisis, France, Germany, Hong Kong, Islamic Banking, Islamic Bonds, Islamic Finance, Islamization, Japan, Saudi Arabia, Shariah Banking, Shariah Bonds, Shariah Finance, Singapore, South Korea, SUKUK
The article linked below has to be taken with a large grain of salt since it comes from the Saudi Gazette. There is nothing even resembling a free, independent press in Saudi Arabia and the Saudi royals have a huge vested interest in promoting Shariah-Compliant Finance both in the kingdom and globally. Not surprisingly, this […]
The South Korean government has been preparing for years to introduce sukuk, or Islamic bonds, to the local capital market. The lengthy effort, however, is proving to be fruitless as it stumbles on an unforeseeable obstacle: the conservative churches, among the biggest supporters of the President Lee Myung-bak administration, are opposing sukuk with all their […]
Malaysia, the world`s largest Islamic financial market, has rejected providing loans through ringgit bonds to Korean financial companies, the Korean Strategy and Finance Ministry said Wednesday. Korean financial institutions have faced difficulty tapping Mideast oil money after a bill on Islamic bonds called sukuk failed to pass the Korean parliament. The Malaysian government has asked […]
Islamic finance “expert” demonstrates ignorance of zakat
On March 3, 2011 · In Islamic Bonds, Islamic charities, Shariah Bonds, South Korea, SUKUK, Terror Funding, Zakat
Linked below is an article from the Korea Times that explores an important aspect of the issues surrounding the movement to have the South Korean government issue sukuk, or Islamic bonds. Opponents of this proposal have quite properly raised the concerns of zakat payments and the fact that zakat goes to Islamic charities and Islamic […]
After getting rejected by South Korea’s parliament back in December, the South Korean finance ministry still wants to push forward to get approval by lawmakers to issue a sukuk. Christian organizations played a key role in getting the sukuk scheme rejected in December. We can be sure that South Korea is under intense pressure from […]
South Korean Islamic Bond Issue Scrutinized by Christian Groups
On August 30, 2010 · In Islamic Bonds, Islamization, Shariah Bonds, Shariah Finance, South Korea, SUKUK
South Korea is a country which seems as far removed from Islam and Shariah as one can imagine. Nevertheless, the Shariah-Compliant Finance Trojan Horse seems to be making its way there. Some South Korean lawmakers seem determined to reintroduce legislation that was already defeated last year to open the door to Sukuk (Islamic Bond) sales […]
Moody’s: Sukuk To Spread to Japan, Korea and Thailand
On April 15, 2010 · In Debt Bonds, Islamic Bonds, Islamic Finance, Japan, Shariah Bonds, Shariah Finance, South Korea, SUKUK, Thailand
The potential emergence of sukuk issuances from such new jurisdictions, including new markets in Asia, notably Japan, Korea and Thailand and Europe, most likely the UK, would be a key driver of increased global issuance… http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=275582
For decades, monied Arab oil interests sought investment opportunities overseas and made no mention of Shariah compliance. Wealthy Saudi princes and Kuwaiti Sheikhs bought up Western real estate, equities and businesses with gusto. Moreover, in some of these Arab nations, such as Jordan, Kuwait and even Saudi Arabia, Shariah-compliance was a minor factor on the […]
More on South Korea’s Slide to Shariah-Compliant Finance
On November 19, 2009 · In Center for Security Policy, Citigroup, Creeping Shariah, Debt Bonds, Divest Terror, Iran, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Finance, Islamization, Salafism, Saudi Arabia, Sharia Compliant, Shariah Banking, Shariah Bonds, Shariah Finance, Shariah Law, South Korea, SUKUK
Linked below is an article which provides a few more details on a subject we have reported on a few times in recent months: the creeping of Shariah finance into South Korea. Before you read this article, we would like to point out a couple of things: 1. Hyundai’s name being mentioned prominently in this […]
Shariah Financiers Court Korea
On November 16, 2009 · In Creeping Shariah, Da'Wah, Islam, Islamic Banking, Islamic Finance, Islamization, Kuala Lumpur, Sharia Products, Shariah Finance, South Korea
As we have reported here on SFW previously, the Shariah finance missionaries are moving into South Korea, a country with virtually no Muslim population: https://shariahfinancewatch.org/category/south-korea/ The latest da’wah activity aimed at South Korea involves a major upcoming event hosted in Kuala Lumpur which will focus on Korean “investment bankers, advisers, issuers and institutional investors.” http://www.bernama.com/bernama/v5/newsbusiness.php?id=455590
http://www.brunei-online.com/bb/tue/oct13h5.htm
The Virus Spreads: South Korea to Issue Islamic Bonds in 2010
On September 29, 2009 · In Creeping Shariah, Da'Wah, Islamic Bonds, Islamic Finance, Islamization, Shariah Bonds, South Korea, SUKUK
South Korea, a nation with few Muslims, will issue sukuk, better known as Islamic bonds, next year. This is yet another example of Islamic imperialism manifesting itself in non-Islamic nations’ financial systems. Basically what has happened here is that someone has promised South Korea that if they just agree to issue bonds which comply with […]
hat tip www.hedge-fund-news.blogspot.com The Council of the Islamic Financial Services Board (IFSB) has resolved to admit Korea’s regulatory and supervisory authorities as the latest inclusion to the membership of the IFSB. The admission of the two Korean authorities, together with other new members has increased the IFSB membership to 175. The newly admitted members are […]
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