The Mumbai terrorists, zakat and charities
Two of the chief concerns associated with Shariah-Compliant Finance are the obligatory tithing to “zakat” and obligatory donations of “tainted” revenue. Shariah-Compliant Finance can entail contributions of up to 1/40 (2.5%) of assets per year in a charitable gift (known as zakat) that observant Muslims, Islamic organizations and businesses are obliged to make. Shariah advisors, […]
Several years too late, the Federal Bureau of Investigation has severed ties with the Muslim Brotherhood front group, CAIR (Council on America-Islamic Relations). For too many years, CAIR has been able to conduct influence operations against all levels of government and the media in the United States, including the Justice Department, the White House, Congress, […]
Life Under Shariah
Close shave The state-run Anatolia news agency says a Turkish man sentenced to public beheading in Saudi Arabia for insulting Islam, but pardoned by the king, has returned home. Anatolia says a large crowd welcomed 30-year-old barber Sabri Bogdan back to his hometown of Hatay, in southern Turkey, yesterday. King Abdullah pardoned Bogdan following requests […]
WomenOntheWeb: Is the Banking Bailout Helping Fund Terror Groups?
A web site named Women on the Web just published an article related to Shariah Finance. It was not particularly well done unfortunately. Since I was quoted in the article (see link below) I felt the need to preface the link with some comments: As one of the people interviewed in this article, I feel […]
The world of high tech plays a major role in the global financial services industry. The Shariah-Compliant financial industry is no exception. A bank based in terror-sponsoring, Shariah-ruled Sudan has just inked a deal to boost its use of modern technology. Note that a major executive with the AAOIFI (Accounting and Auditing Organization for Islamic Financial […]
At Shariah Finance Watch Blog, we make it a point to frequently remind readers about the true nature of Shariah beyond the financial world because ultimately it is this doctrine that the financial world is promoting… Here are a series of relevant articles: 1. The Taliban killed a man in Pakistan for breaking their dress […]
We applaud this action by the ACLU and hope that they will continue to resist efforts by government to promote any religion or religious doctrine in violation of our constitution… http://www.startribune.com/local/north/38034459.html?elr=KArks:DCiUBcy7hUiD3aPc:_Yyc:aUU
Thanks to Allyson Taylor for calling our attention to this development. Passport Capital of San Francisco, a hedge fund company, recently invested in Shuaa Capital in the UAE, a Shariah Compliant financial organization. http://www.meed.com/news/2008/10/us_hedge_fund_buys_12_per_cent_of_shuaa_capital.html Staying true to the lack of disclosure rampant in the Shariah-Compliant Finance industry, no mention has been made of this on […]
Yesterday the Dutch member of Parliament, Geert Wilders, was officially charged with a crime for the movie he made last year called Fitna. This is of course playing right into the hands of our enemies and is an example of Creeping Shariah. The West is being forced to play by Shariah rules in the name […]
Our friends at Family Security Matters have just posted a review of an important new book detailing life for women under Shariah in Saudi Arabia…this is a must-read… http://www.familysecuritymatters.org/publications/id.2325/pub_detail.asp
The promoters of Shariah-Compliant Finance have openly stated that one of their goals is to successfully market their products to non-Muslim investors. They have even openly stated that perhaps the best way to do this is to remove any reference to Shariah or Islam in their marketing materials and messaging and to just call Shariah-Compliant […]
The true nature of Shariah
Though this blog is dedicated to Shariah-Compliant Finance, no discussion of Shariah-Compliant Finance can be complete without constant reminders of the brutal, primitive doctrine which underlies Shariah-Compliant Finance. Shariah is an all-encompassing code of life that covers and applies to all aspects of Islamic individuals, culture, society, finance and law. The nations that apply Shariah […]
A hedge against financial crisis? Not at all…
If Shariah-Compliant financial products are a hedge against the financial crisis that has afflicted the world, then why have issues of Shariah-Compliant bonds–known as sukuks–fallen drastically over the course of the developing financial crisis? How can promoters of Shariah-Compliant Finance claim that their products are a protection against the financial crisis on one hand and […]
Promoters of Shariah-Compliant Finance are fond of claiming that it is either immune to, or even a solution for, the financial crisis. They base this on the Shariah prohibition against interest. What they don’t say, and what the article from the AP linked below fails to mention is that Shariah-Compliant financial institutions get around the […]
The Council on American-Islamic Relations, an unindicted co-conspirator in the highly successful federal Holy Land trial, is running ads on buses in south Florida promoting Islam. Broward County, Florida accepted and ran the ads, which we think is a huge error in judgement given CAIR’s status as an unindicted c0-conspirator in a terrorism trial. One […]
Report: Western banks divesting their Shariah-Compliant units
At a time when promoters of Shariah-Compliant Finance are spreading propaganda that Shariah is the salvation from the financial crisis, Western firms are starting to unload their Shariah-Compliant units. Both Barclays and Citi have decided to do so. The idea that Shariah provides any safety net flies in the face of reality, as evidenced by […]
A Saudi religious scholar, Dr. Walid al-Rushudi, has appeared on HAMAS television and declared that Jews should be killed as enemies of allah. He then prayed that Jews would be exterminated: “Kill them one by one and don’t leave even one.” Rashudi then went on to declare that Muslim countries that cooperate with the West […]
South Korea is seeking to embrace Shariah-Compliant Finance and their financial community just held a dinner with Islamic Financial Services Board (IFSB). Perhaps they are not aware of some of the characters who have been affiliated with the IFSB in the past, such as Mufti Taqi Usmani, who chaired its Shariah Advisory Board and who […]
When Wall Street claims that they have done proper due diligence on investing in foreign companies that do business with Iran and entering into Shariah-Compliant financial arrangements, why should we believe them? Lloyd’s has now admitted to laundering $350 million for Iran. And, once again, the world’s number 1 Shariah-Compliant financial institution, Iran’s Bank Melli, […]
To listen to some Shariah authorities, such as Sheikh Yusuf Talal DeLorenzo, who is probably America’s most well known Shariah authority, Shariah-Compliant Finance is like an oasis in the desert of the financial crisis that we have been enduring. But reality is rather different. In fact, the market for the Islamic bonds or sukuk, that […]
The good folks at Family Security Matters have an excellent interview posted this morning with Nonie Darwish, a former Muslim who has written a book on the threat of Shariah. The book is titled Cruel and Usual Punishment: The Terrifying Global Implications of Islamic Law. There are many informative aspects of this interview, but no passage […]
Ohio Islamic cleric Salah Sultan threatens US on Egyptian TV
Patrick Poole has posted an excellent, but disturbing, piece over on Pajamas Media about Muslim cleric Salah Sultan’s recent appearance on Egyptian television warning America that, in addition to the wrath of allah, one of these days we’re going to “suffer” more deaths than HAMAS is enduring in Gaza right now. http://pajamasmedia.com/blog/top-american-islamic-cleric-threatens-us-on-egyptian-tv/ There IS a Shariah-Compliant […]
Just when we were glad that some in the media were taking a critical look at Shariah-Compliant Finance, Barron’s comes up with a real stinker–an article which amounts to a celebration and promotion of Shariah. As usual, this occurs without the article actually ever defining Shariah or identifying any of its characteristics. This probably should not […]
FINALLY…a critical article about Shariah-Compliant Finance…
…actually, it isn’t THAT great, but it’s better than most of the fluff pieces being produced on the subject these days. Foreign Policy has published a piece entitled Faith in the Market. They at least attempt a balanced view of Shariah-Compliant Finance, though they miss the most important points (which we will attempt to clear up here […]
We’ll be expanding the coverage of Shariah Finance Watch for 2009 as we continue to keep you informed on Shariah Compliant Finance and related problems in Shariah Law, particularly in its direct conflict with the U.S. Constitution and rule of law. Christopher Holton, Center for Security Policy director for the Shariah Risk Due Diligence project, […]
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 […]
I thank all of you who have read and encouraged the CSP to do this blog. Due to the current financial climate, I will no longer be doing this blog. However, I hope to have something for the future, and would like to keep in touch. My email is [email protected] I will be able […]
http://timesofindia.indiatimes.com/World/UK/Sex-on-beach_man_keen_on_Dubai_return/articleshow/3910903.cms
SHARIA’A LAW WATCH:Taliban threaten to kill Pakistani schoolgirls:Officials By Tim Walker on December 26th, 2008 ISLAMABAD:Taliban extremists in Pakistan’s troubled northwest Swat valley have banned girls from attending school, threatening to kill any female students, officials said Thursday. The threat was delivered this week by local Taliban commander Shah Durran in an address carried on […]
Biofuels Fill ‘Er Up With Human Fat Peter C. Beller 12.22.08, 5:00 AM ET http://www.forbes.com/2008/12/21/fat-fuel-biodiesel-tech-sciences-cz_pcb_1222fatfuel_print.html LOS ANGELES – Liposuctioning unwanted blubber out of pampered Los Angelenos may not seem like a dream job, but it has its perks. Free fuel is one of them. For a time, Beverly Hills doctor Craig Alan Bittner […]
Categories
Archives