With its financial muscle the Arab nation has become a major player on the global stage. And nowhere has the impact of that power been felt more keenly than in Britain. Qatar might be only the size of Belgium with a population a quarter of London’s but its colossal economic strength has enabled it to […]
This report is especially interesting given Goldman Sachs’ shameful attempts to promote Shariah-Compliant Finance. If Goldman is willing to buy booze and women for Qaddafi, what are they willing to do for Shariah scholars? Donate to their charities? Goldman Sachs employees had an “improper” relationship with a Gadhafi-era Libyan sovereign wealth fund, including a lavish […]
Saudi Arabia’s Cautious Sovereign Wealth Fund
On May 30, 2014 · In Debt Bonds, Islamic Bonds, Saudi Arabia, Shariah Bonds, Sovereign Wealth Funds, SUKUK
The Economist provides a bit of insight into the Kingdom of Saudi Arabia’s sovereign wealth fund in the article linked below. Note that the article mentions that the fund invests in bonds. It does not specify sukuk, or Shariah-compliant bonds. It simply says that the fund invests in bonds, which would be decidedly haram… http://www.economist.com/news/finance-and-economics/21602731-kingdom-does-not-splash-cash-other-gulf-states-oil-fuelled-caution […]
Libya’s sovereign wealth fund is suing French bank Societe Generale in a British court for $1.5 billion for allegedly channeling bribes to allies of the son of slain dictator Muammar Qaddafi. The Libyan Investment Authority is seeking compensation from the bank and from Walid Giahmi, an alleged associate of Saif al-Islam Qaddafi, for what it […]
Sovereign Sukuk to Push Shariah Bond Market
On February 17, 2013 · In Islamic Bonds, Islamic Finance, Kuwait, Shariah Bonds, Shariah Finance, Sovereign Wealth Funds, SUKUK
The Sukuk (Islamic bond) market is expected to grow by 30 percent in 2013, led by sovereign sukuk that will continue to dominate, due largely to new countries that will issue sukuk, according to a report from Kuwait Finance House (KFH). Sovereign issuers led the market share in 2012 despite a record amount of corporate […]
Shariah Finance Watch editor briefs Congressional staffers on Shariah-Compliant Finance
On June 8, 2012 · In "Ethical Investment", AIG, Al Qaeda, Amana Funds, Center for Security Policy, Creeping Shariah, Da'Wah, Dow Jones, Dow Jones Islamic Market, Elena Kagan, Hamas, HARVARD, Hezbollah, Hizb ut-Tahrir, Holy Land Foundation, HSBC, Interest, Investors Business Daily, Iran, Islam, Islamic Banking, Islamic charities, Islamic Economics, Islamic Finance, Islamic Law, Islamization, Jihad, Jihadist Groups/Individuals, Malaysia, Money Laundering, murabaha, MURAHABA, Muslim Brotherhood, Obama, OIC, purification, Qaradawi, Qatar, Regulation, Saudi Arabia, Sharia Compliant, Shariah Banking, Shariah Finance, Shariah in Academia, Shariah insurance, Shariah Law, Shariah Mortgage, Sovereign Wealth Funds, Sudan, Takaful, Taliban, Terror, Terror Funding, terrorism, The Banker, U.S. Policymakers, UAE, United Kingdom, USA, Usmani, Usury, VIDEOS, Wahhabism, Zakat
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
Iran’s President Mahmoud Ahmadinejad said on Saturday the country’s sovereign wealth fund could reach $55 billion by March next year if oil prices kept high. Iran earned $100 billion in oil revenue in 2011. Iran is both the world leader in Shariah Compliant Finance and the world’s most active state sponsor of Jihadist terrorism. http://www.ynetnews.com/articles/0,7340,L-4213542,00.html […]
Hyperion Asset Management, a Brisbane, Australia-based money management firm is the responsible party for allowing the camel’s nose to get under the tent in Australia. “We are delighted to welcome the Hyperion Australian Equity Islamic Fund to Bahrain,” said Economic Development Board chief executive officer Shaikh Mohammed bin Essa Al Khalifa. “This reflects the growing […]
Financial jihadists are fond of claiming that Shariah-compliance provides insulation from the effects of economic crisis. This is not true, but rarely do we see an admission on this point from anyone in the Islamic world. Today there is an article which admits that “Islamic finance” is not immune to the impact of economic and […]
Shariah finance: The deadly Jihadist weapon with a dollar sign
On December 31, 2009 · In Abul-Ala Mawdudi, AIG, Center for Security Policy, Citigroup, Creeping Shariah, Defaults, Dubai, Dubai Investment Group, Dubai Islamic Bank, Economic Crisis, Heros against Shariah, Islamic Banking, Islamic Bonds, Islamic charities, Islamic Economics, Islamic Finance, Islamic Law, Islamization, Jihad, Markets and Trends, Muslim Brotherhood, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Bonds, Shariah Finance, Shariah insurance, Sovereign Wealth Funds, stealth jihad, SUKUK, Takaful, Terror Funding, Zakat
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 […]
Dubai in meltdown
On November 27, 2009 · In Debt Bonds, Defaults, Dubai, Dubai Investment Group, Dubai Islamic Bank, Economic Crisis, Emirates, Islamic Bonds, Islamic Finance, Shariah Bonds, Shariah Finance, Sovereign Wealth Funds, SUKUK, UAE
The bubble has burst in Dubai and the affliction is spreading to Western financial markets. Yesterday, US markets were closed for the Thanksgiving holiday, but other markets were open and shuddered: http://www.reuters.com/article/businessNews/idUSTRE5AN54C20091126?feedType=nl&feedName=usdai When reading the article linked just above, you may recognize the name “DP World.” This was the company that was scheming to take […]
Shariah Finance Conference coming up in April, starring (scroll down) the usual shariah advisors – and the linking of the need for liquidity to SCF can mean not just sovereign wealth funds but direct investments in financial institutions, countertrade directly with governments, and individual corporations – or just plain purchases of Treasuries…. Lots of ways […]
Shariah Laws and Finance will try to poise themselves as the saviors of the economic crisis, but they are not immune. Do not fall for the SCF is a safe investment ploy.
On October 9, 2008 · In Islamic Finance, Markets and Trends, Sharia Compliant, Shariah Finance, Sovereign Wealth Funds, Standard & Poor's, Stock Exchanges, World Bank
Gulf states poised to weather financial crisis By Julia Wheeler BBC News, Dubai Gulf stock exchanges are apt to exaggerate volatility felt elsewhere Gulf stock markets are not immune to the global battering the current tornado of volatility has brought. In Saudi Arabia, there has been a 45% drop in share values this year and […]
Deutsche Bahn Seeks Sovereign Funds for IPO, Handelsblatt Says By Aaron Kirchfeld Sept. 23 (Bloomberg) — Deutsche Bahn AG, the state-owned railway, is seeking to sell shares to sovereign wealth funds in the Middle East and Asia during the initial public offering, Handelsblatt said, without saying where it got the information. Road shows in the […]
To Avoid Risk and Diversify, Sovereign Funds Move on From Banks photo courtesy of www.thespoof.com By HEATHER TIMMONS and KEITH BRADSHER Published: September 18, 2008 NEW DELHI — As the American investment banking industry seems to teeter, many investors are asking why the sovereign wealth funds from the Middle East have not stepped […]
CORRECTED – Mideast sovereign funds seek reciprocal investment http://img.elblogsalmon.com/2007/08/Sovereign%20Wealth%20Funds%20350.270.jpg (Corrects erroneous references to UAE emirates as nations) By Paritosh Bansal NEW YORK, Sept 8 (Reuters) – Sovereign wealth funds in the Middle East are increasingly looking for reciprocal investments from companies they do business with, as they try to develop their local economies, […]
Middle East Sovereign Funds May Invest In Lehman (LEH) Through the weekend the management of Lehman (LEH) is desperately meeting with any investors who will hear its case. According to the Telegraph, these includes Korea Development Bank, Chinese broker Citic Securities, and “a number of sovereign funds from the Middle East, which have been invited […]
An Invitation to attend Euromoney Seminars’ Derivatives Middle East Conference 28th & 29th October, 2008 – Raffles Hotel, Dubai ***Book before 19th September and save £200*** Dear Colleague Derivatives and structured products in the Middle East are on the verge of an explosion. After a fall in Middle Eastern stock markets early last year, […]
Financial demise of America http://farm3.static.flickr.com/2213/2202343602_f451004822.jpg?v=1206761911 Michael Webster, investigatory journalist American Chronicle of August 19, 2008 A cataclysmic financial storm threatens to reduce the economy of the United States while the inflated oil prices meet the greatest crisis of mortgage in the American history. For the American citizens only the high oil prices eroded the […]
http://tinyurl.com/5rlgtk Pools of Foreign Wealth Move Into Commodities By David Cho Washington Post Staff Writer Tuesday, August 12, 2008; D01 Sovereign wealth funds, the massive investment pools run by foreign governments, are now among the biggest speculators in the trading of oil and other vital goods like corn and cotton in the United States, according […]
Arab Sovereign-Wealth Funds Dip a Toe in the Debt Pool Posted by Deal Journal Sovereign-wealth funds have inspired political angst in the West as much for the fear that the funds will be used to national strategic ends as for their seemingly endless stream of cold hard cash. How will those political circles react to […]
www.foreclosedigest.com LOST SOVEREIGNITY OIL-RICH FUND EYEING FORECLOSED US HOMES By TERI BUHL Posted: 4:19 am August 10, 2008 There’s a new land grab starting in America. Foreign money, which up to now has focused its attention on investing in iconic commercial real estate – like Barneys New York and the Chrysler Building – is now […]
The current depression in the UK property market has attracted the interest of sovereign wealth funds. But while a number of concerns have been raised, these are mostly unfounded As any firm with a sizeable commercial property department will know, the credit crunch has resulted in a reduced volume of investment transactions involving real estate […]
Photo courtesy of Pictures, Direct News.co By Henny Sender in New York hat tip-Margo Il http://www.ft.com/cms/s/0/f9593c26-539a-11dd-8dd2-000077b07658.html Published: July 17 2008 03:00 | Last updated: July 17 2008 03:00 Some of the world’s largest sovereign wealth funds are seeking to scale back their exposure to the US dollar in a sign of global concern about the […]
Saudi Arabia approves setting up of new Public Investment Fund (PIF) subsidiary SAUDI ARABIA. The Saudi Arabian government has approved the setting up of a new state investment vehicle, considered by many as the oil-rich nation’s first sovereign wealth fund, which will have an initial capital of SAR 20 billion (US$5.3 billion).
Damas Int’l largest Jewelry Com. in Dubai DUBAI: Sovereign wealth funds are helping to support a surge of bourse listings in the Middle East by placing big orders for new shares in an attempt to diversify their holdings, a senior banker said yesterday. High oil prices and a strong economic outlook for the […]
Japan Should Take Steps to Attract Sovereign Funds, Panel Says Written on July 7, 2008 Japan should adopt measures aimed at attracting more of the almost $3 trillion managed by sovereign wealth funds, a trade ministry report said. The nation must welcome state funds that “have no political purposes and invest for the long term,” […]
More photos of the Muslims in Paris, from the “religion of peace” Paris EUROPLACE International Financial Forum welcomes GCC delegation, cooperation and investment http://www.ameinfo.com/162596.html The rise in importance in Gulf region Sovereign Wealth Funds has been ongoing for some months but yesterday at the International Financial Forum in Paris, staged by Paris EUROPLACE, the organisation […]
A fundamental shift in global finance has thrown the GCC countries into full glare of the world spotlight amid surge of GCC sovereign funds. The rise in importance of Gulf region Sovereign Wealth Funds has been ongoing for some months, but yesterday at the International Financial Forum in Paris, staged by Paris EUROPLACE, the organisation […]
An international force to be reckoned with Several Gulf funds helped to recapitalise Western banks during credit crunch of past year. By Samia Nakhoul – LONDON The oil-fired economies of the Gulf are an international force to be reckoned with, creating world-class companies and using their windfall profits to diversify away from oil, […]
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