Police investigating four British charities that send “aid” to Syria arrested eight men this morning on suspicion that donations were being used to fund the opposition against President Bashar al-Assad. The raids on homes and business addresses follow an investigation into the seizure of £44,000 cash from an aid convoy preparing to leave Dover in […]
BreitBart.com: London is Shariah City
On February 25, 2014 · In Britain, Creeping Shariah, Islamic Banking, Islamic Finance, Islamization, Shariah Banking, Shariah Finance, United Kingdom
BreitBart.com has recognized the infiltration of Shariah into the UK via the financial underbelly in an article published last night. Excerpts and link… Britain has six “fully Islamic” banking organisations and government minsters are attempting to attract even more Sharia-compliant finance initiatives to the UK. But concerns will no doubt abound, considering the extra cost […]
India’s most wanted man Dawood Ibrahim Kaskar and Pakistan-linked terrorists and terror groups figure prominently in an updated list of financial sanctions imposed by the British government. Jaish-e-Mohammed or the Army of Mohammed, blamed for the 2001 attack on India’s parliament, featured on the freeze list as a key outfit “based in Peshawar and Muzaffarabad, […]
The Infiltration of the British Financial System Continues
On February 18, 2014 · In Britain, Islamic Banking, Islamic Finance, Islamization, Shariah Banking, Shariah Finance, United Kingdom
Elected officials in the UK have long expressed the desire for London to become a “mecca” of Shariah finance in the West (pun intended). They have bent over backwards to promote Shariah finance for years. Despite these efforts, statistics show that Shariah banks in the UK lag behind their conventional counterparts. Perhaps this is because […]
The sanctions regime against Iran over its nuclear program and sponsorship of Jihadist terrorism is unfortunately unravelling at an alarming pace. Part and parcel to that process is a disturbing development in which the Supreme Court in the United Kingdom ruled on the side of Bank Mellat in its suit against the British government. Bank […]
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 […]
For well over a decade, Westerners have watched with concern as the UK has become more and more Islamisized. As part of that insidious process, some 85 Shariah courts currently operate in the country as a parallel legal system. Now the British embrace of Shariah is about to become more complete. As we have reported […]
Islamic Heroin Smuggling Gang Jailed in the UK
On October 8, 2013 · In Britain, Drug trafficking, Money Laundering, Pakistan, Terror Funding, United Kingdom
It has become common knowledge that Jihad is partially funded by the illegal drug trade. Hezbollah has been known to be active in drug smuggling in the Middle East and Europe and the Taliban probably lead the world in the opium and heroin trade. Over the weekend in the UK, a major heroin smuggling ring […]
The effort by some in the United Kingdom to allow Shariah to infiltrate their legal system and culture through the financial back door continues apace. The latest push saw London’s deputy mayor travel to an “Islamic finance” conference in Kuala Lumpur, Malaysia to promote his hometown as a center for Shariah-compliant finance. From ArabianBusiness.com: Britain […]
The excellent Gatestone Institute has an important report posted regarding a UK Islamic charity with apparent connections to funding jihad. The large number of links between Islamic Relief Worldwide and extremist terror groups suggests that buried beneath the cover of a charity lies a structured pro-terror group with an anti-Western agenda. http://www.gatestoneinstitute.org/3792/islamic-relief-worldwide-terrorism
Last week a legal trial revealed “an amazing web of links and collaboration between the international organization of the Muslim Brotherhood and affiliated groups in the UAE and other Arab states.” But the trial of 94 Emiratis, which concluded yesterday with conviction of 69 defendants of being members of a clandestine group that plotted to […]
A British minister called for turning London into a global center for Shariah finance on the 69th anniversary of D-Day. “It’s about making Britain the preferred choice for the Muslim world to invest in and do business in,” senior Foreign Office minister Baroness Warsi claimed in a speech to the Oxford Center for Islamic Studies. “It is […]
Islamic Bank of Britain Promotes Zakat
On May 19, 2013 · In Britain, Islamic Banking, Islamic Finance, Jihad, Shariah Banking, Shariah Finance, Terror Funding, United Kingdom, Zakat
One of the most troubling and controversial aspects of Shariah-Compliant Finance is the system of zakat that plays a key role for Shariah-compliance. Zakat is a system of tithing in Islam, except that it goes way beyond what Westerners think of as “tithing” or “alms giving.” While some in the Shariah Finance industry deny that […]
Despite the combined efforts of Islamist regimes in the Islamic world and the appeasing government in the United Kingdom, Shariah-Compliant Finance has yet to take off in Britain. In fact, it’s struggling and financial firms are abandoning it. One reason is that the weapon of choice in Shariah-Compliant Finance, sukuk, also known as Islamic bonds […]
For some time London officials and UK finance community executives have expressed the intention of making London the capital of Shariah-compliant finance in the West. Now they are taking their aims to a whole new level as they contemplate pushing for the United Kingdom to issue sovereign debt in the form of Shariah-compliant bonds, known […]
UK Clothier Enforces Shariah Law Among All Employees
On November 19, 2012 · In Britain, Creeping Shariah, HALAL, Islamic Law, Shariah Law, United Kingdom
This is a story that has been going viral on the web. The memo depicted in this post speaks for itself, but essentially what Boo Hoo (the name of the business) is doing is enforcing Shariah law at the expense of the rights of its non-Muslim employees. This is becoming more common all the time. […]
Shariah Finance Dawah Continues Apace in Britain
On November 13, 2012 · In Britain, Creeping Shariah, Da'Wah, Islamic Banking, Islamic Finance, Shariah Banking, Shariah Finance, United Kingdom
One of the worst kept secrets in the world of Shariah Finance is the fact that, despite great efforts on the part of financial jihadists with obsequious assistance from British political leaders, demand for Shariah-compliant financial products and banking is lacking. Nevertheless, the Shariah Finance industry is continuing its dawah operations there… Sharia finance to […]
The good folks at Money Jihad blog called our attention to this largely overlooked Jerusalem Post article in which it was revealed that one of the many anti-Israel groups masquerading as charities in the United Kingdom has let slip that it supports martyrdom operations. The name of the charity is Camden Abu Dis Friendship Association (CADFA). […]
Gatehouse Bank, a wholesale Shariah-Compliant investment bank, has completed the acquisition of a large building which houses the Scottish Ministers National Health Service. http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=333688
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
Brits seek to halt legal payouts to terror suspects
On May 30, 2012 · In Britain, Jihad, Jihadist Groups/Individuals, lawfare, Terror, Terror Funding, terrorism, United Kingdom
The United Kingdom has paid out some £20million to terror suspects, mainly due to the need to secrecy that has prevented the government from bringing evidence in open court against the suspects, who have accused the UK government of mistreatment… Several probable Jihadis have become wealthy as a result. This money is no doubt now in […]
A terror plot targeting Kenyan tourist hotels with chemical explosives was financed by Samantha Lewthwaite, the British widow of 7/7 bomber Germaine Lindsay… http://www.telegraph.co.uk/news/worldnews/africaandindianocean/kenya/9258011/77-bomber-widow-Samantha-Lewthwaite-financed-Kenya-tourist-terror-plot.html
Seven people have been arrested in Britain on suspicion of funding overseas terrorism with money linked to smuggling of the stimulant khat. The arrests were part of an international probe into alleged terror fundraising and money-laundering. In a statement, Scotland Yard said the arrests were part of an investigation into a network suspected of illegally […]
Birmingham-based Islamic Bank of Britain has launched a new Sharia-compliant electronic International Money Transfer Service. The service, the first of its kind, operates from the bank’s branch in Coventry Road, Small Heath. The bank said it guaranteed all the funds would be handled and transferred in the proper manner. The transfer service is aimed at […]
The Jihadist organization, Hizb ut-Tahrir, whose goal is to re-establish the caliphate and have Shariah law imposed around the globe, has once again delved into the world of finance. Back in 2009, the organization called for the demise of capitalism to be replaced by an Islamic system of economics based on Shariah: https://shariahfinancewatch.org/2009/06/21/hizb-ut-tahrir-jihadists-target-capitalism/ Now, Hizb […]
Jihadi fundraiser to be released from prison in the UK
On February 7, 2012 · In Al Qaeda, Britain, Jihad, Jihadist Groups/Individuals, Jordan, Terror, Terror Funding, terrorism, United Kingdom
There is anger in Great Britain over the impending release of Abu Qatada, a terrorism suspect and Imam who was once described as Osama bin Laden’s right hand man in Europe. The Jihadist Muslim cleric is believed to have raised funds for terrorist groups and the British government has declared him a risk to national security. […]
One of the overt objectives of the financial jihadists has always been to capture the assets of non-Muslims in Shariah-compliant investments and accounts. They have used a wide variety of methods to do so. For instance, Sheikh DeLorenzo, who is on several major Shariah advisory boards in the USA and abroad, has advocated for not […]
London bank launches key Shariah fund
On June 27, 2011 · In Britain, Islamic Banking, Islamic Equity Funds, Islamic Finance, Shariah Finance, United Kingdom
Bank of London and the Middle East (BLME) has announced the launch of a Sharia-compliant fund which targets institutional and high net-worth investors in Gulf countries. http://www.tradearabia.com/news/BANK_201006.html
British Muslim Charged With Raising Funds for Jihadist Terrorism
On June 27, 2011 · In Al Qaeda, Al Shabaab, Bangaladesh, Britain, Jihad, Terror, Terror Funding, terrorism, United Kingdom
A British Muslim has been charged with three counts of raising funds for terrorism. Shabaaz Hussain, 27, from east London, is accused of providing money or property for terrorism purposes on 12 April, 6 July and 3 September 2010. He is also accused of playing a part in preparing for acts of terrorism in Somalia […]
Accountants play a vital role in the world of finance. They are supposed to be the unbiased analysts and observers of data who help keep the rest of us from making egregious mistakes either based on emotion or because we simply lack the sophistication to decipher the numbers to fully understand a financial arrangement. Unfortunately, […]
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