Recently we reported that Standard Chartered bank had been fined hundreds of millions of dollars for conducting transactions with Iran, the world’s foremost sponsor of Jihadist terrorism: https://shariahfinancewatch.org/2012/08/13/standard-chartered-bank-helped-iran-hide-transactions-in-defiance-of-us-sanctions/ Standard Chartered’s Iranian affairs are doubly worrisome given the bank’s leadership role in promoting Shariah-Compliant Finance in the West. No patriotic American should have anything to do […]
First it was HSBC, which was fined $1 billion for knowingly looking the other way on transactions involving Iran. Then it was Standard Chartered, which was fined $340 million. Now it’s Deutsche Bank’s turn. Can we now say that the Shariah Finance promoters COMMONLY do business with terrorist regimes in violation of US sanctions? And […]
First it was HSBC, now it’s Standard Chartered too. Both big banks did business with the world’s foremost sponsor of Jihadist terrorism in violation of US sanctions. There is something else that both of these banks have in common: they are both extremely active in promoting Shariah-Compliant Finance in the West. Shariah Finance Watch has […]
Standard Chartered Plc will start Islamic private banking services in Asia and CIMB Group Holdings Bhd. plans to roll out new products for the wealthy as they target rich Muslims in Asia… http://gulfnews.com/business/banking/banks-plan-shariah-assets-for-asian-millionaires-1.1049062
Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
United Arab Emirates shopping mall developer Majid Al Futtaim has appointed HSBC and Standard Chartered to structure its planned sukuk program. http://arabia.msn.com/business/companies/af/2011/november/10402047/dubais-maf-picks-hsbc-sta.aspx
The most prominent weapon in the financial jihadists’ arsenal is the sukuk, also known as the Islamic bond. Sukuk have taken off like wildfire in the Islamic world and they are being pushed out hard to the non-Muslim world. South Korea, the Philippines and Thailand are just three nations that have come under intense pressure […]
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