As widely reported on the web and here on SFW yesterday, the UK has decided to go ahead and issue a sovereign sukuk. In other words, the United Kingdom will issue a government security that complies with a foreign law. The UK is the first Western nation to do so and British leaders say they […]
An Extremely Important Article on Shariah-Compliant Finance from Congressman Allen West
Investor’s Business Daily and Congressman Allen West have teamed up overnight to publish an extremely important op ed penned by Congressman West on the subject of Shariah-Compliant Finance. In his column, Congressman West points out virtually all of the major concerns surrounding Shariah-Compliant Finance and laments that it has received no critical scrutiny from US […]
Mark Polege has posted an excellent article over on BigPeace.com. We urge you to check it out. Here is an excerpt and link… One of the least talked about forms of Jihad is making great advancements into our U.S. financial system, Sharia-Compliant Finance. In short Sharia-compliant finance is “reverse money-laundering” for Islamic extremists or fund-raising for […]
Some REALLY Bad Ideas on How to Solve America’s Debt Problems
Not surprisingly, the financial jihadists are promoting Shariah as the solution to America’s debt problems. We’ve seen this before. Back in 2008, in the wake of the subprime mortgage debacle and near-financial meltdown, the financial jihadists insisted that Shariah-compliant finance would have avoided the whole mess. Then, in 2009, defaulting on sukuk (Islamic bonds) just […]
In what may be the most absurd outrage to date from the disgraceful Eric Holder Justice Department, there is now a motion afoot to free convicted Al Qaeda terrorist and Muslim Brotherhood operative Abdurahman Alamoudi. Abdurahman Alamoudi was convicted and sentenced to 23 years for his role in financing Al Qaeda and for his role (he […]
…intelligence reports show Hezbollah has been financing training camps and propaganda operations in South America, according to U.S. officials. Their biggest boost came from an agreement signed in 2007 between Venezuelan President Chavez and Iranian President Mahmoud Ahmadinejad. The two leaders agreed to use part of a joint $2 billion investment fund to thwart what […]
Lately we’ve been watching the story of how Shariah Banking has begun to infiltrate Nigeria by bypassing the political process there and winning special regulatory concessions that conventional banks don’t enjoy. Now we offer an article that identifies the personality behind the financial Jihad in Nigeria, Lamido Sanusi, “a Shariah/Arabic scholar,” who heads Nigeria’s central bank […]
Nearly two years ago, SFW published an article in which we uncovered that a Kuwaiti real estate investment concern had successfully imposed Shariah on tenants of its facilities in Colorado by refusing to allow certain types of businesses to operate and activities to take place on their property: https://shariahfinancewatch.org/2009/08/17/kuwait-islamic-bank-successfully-imposes-shariah-in-the-usa-courtesy-of-udr/ The article didn’t get any particular […]
London mayor heads to Dubai with hat in hand, asks for more financial jihad
Islamic Development Bank (IDB) President Ahmad Mohamed Ali held a meeting with the Lord Mayor of the City of London, Alderman Michael Bear. Ali, who stressed the importance of the annual coordination meetings between the two parties, commended the tangible development of IDB relations with the business community in London, which poses an international hub […]
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 […]
One of the largest Islamic charities in the United States, LIFE for Relief and Development, has used the ongoing crisis in Haiti to fund mosque expansion in Haiti. Haiti has almost no Muslims. Even Islamic sources, which are notorious for wildly overestimating Muslim population levels, put the figure at 3,000 Muslims in the Caribbean nation […]
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 […]
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 […]
From the New York Times via Jihad Watch: Attorney General Andrew M. Cuomo should not investigate the financing of the proposed Islamic community center near ground zero, Mayor Michael R. Bloomberg said on Tuesday, reiterating his support for the project. “I think it’s a terrible precedent,” he said. “You don’t want them investigating donations to […]
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 […]
In a sign of Islamic economic imperialism on the march, Islamic Bank of Britain (IBB) has secured a £20million ($30.8 million) capital injection from founding shareholder Qatar International Islamic Bank… http://www.cpifinancial.net/v2/News.aspx?v=1&aid=5632&sec=Islamic%20Finance
“I believe as a Muslim community one of the areas we have neglected is Islamic Finance. We have reached the age and stage of development where we direly need our own financial institution. One which not only provides the capacity to finance our ventures but also educates the community on the matter of Islamic finance.” […]
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 […]
Nasdaq launches two Shariah indexes
Nasdaq has created two sharia-compliant indexes, based on the Nasdaq 100 Index and the OMX Stockholm Benchmark Index. The indexes are weighted by market capitalisation and track the securities in the underlying benchmark indexes, and meet sharia requirements as specified by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI). Shariah Finance Watch readers […]
RightSideNews.com has an excellent checklist of things that Americans should do to oppose the infiltration of Shariah into our culture, society, legal system and financial markets. A few items in particular caught our eye: 7) Write letters. Swamp letters. (Hard copy letters with stamps – not e-mails) Write regular Letters to the Editor. Letters to any American […]
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
North Jersey Federal Credit Union has designed a Shariah-Compliant banking division. Through a partnership with New England Financial, North Jersey is also offering Shariah Mutual Funds. Clients of New England Financial may wish to take this into account when making investment decisions in the future. Note that the release linked below claims that there are […]
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 […]
Hot On the Trail of the Financial Jihadists
Money Jihad blog continues to do stellar work in shining the light on the financial rat line to Jihadist terrorists, particularly those rat lines which run through Islamic charities… “Shall We Judge Saudi Reforms or Saudi Results?” http://moneyjihad.wordpress.com/2010/04/21/shall-we-judge-saudi-reforms-or-saudi-results/ “Readers Defend Holy War Fundraising” http://moneyjihad.wordpress.com/2010/04/19/readers-defend-holy-war-fundraising/ Bangladesh Arrests British HUJI Chief http://moneyjihad.wordpress.com/2010/04/18/bangladesh-arrests-british-huji-chief/ Two More Pro-Terror Charities http://moneyjihad.wordpress.com/2010/04/16/two-more-pro-terror-charities/
Financial Jihadists Target Switzerland
Switzerland, which, by referendum, took a symbolic stand against the stealth jihad undermining and infiltrating Western civilization a few months ago with their ban on minarets, is now being targeted by the financial jihadists, who are “urging” the Swiss to embrace Shariah-Compliant finance… http://www.reuters.com/article/idUSTRE61H2LY20100218?rpc=401&feedType=RSS&feedName=summitNews&rpc=401
Islamic finance system urged for Guernsey
Guernsey, one of the Channel Islands between Great Britain and France, has a semi-autonomous political and economic system, but maintains close official relations with the United Kingdom. Unfortunately, someone in Guernsey thinks it’s a swell idea to adopt Shariah-compliant finance for its financial system…the last time a foreign totalitarian doctrine was in control on Guernsey […]
Islamic finance eyes new regions
We’ve got good news and bad news. The good news is that the Shariah Finance industry has been disappointed in its efforts to expand into Western markets. The bad news is that they are turning to Asia and the Pacific Rim for their dawah operations… http://www.reuters.com/article/idUSTRE61H31Q20100218?rpc=401&feedType=RSS&feedName=summitNews&rpc=401
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 […]
To follow up a story we’ve already reported on twice, the UAE’s efforts to infiltrate Australia with Shariah Finance, we found an article which describes these activities vividly. Nearly two years ago, at an Economic Conference in Kuala Lumpur, Malaysia, several high ranking ministers from Islamic nations released a statement encouraging the “Islamic finance” industry […]
Last July, we reported on the first leg of a UAE “trade mission” to Australia whose aim it was to promote Shariah finance in Australia. That same mission is now on the second phase of its dawah operations Down Under. Ironically, virtually the entire effort is being driven by the government of Dubai, which has […]
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