by Christopher W. Holton This morning, 12 May 2016, taxpayer-subsidized National Public Radio ran what amounts to a three and a half minute advertorial for Shariah-compliant banking, specifically a Shariah-compliant bank that will be familiar to long-time readers of Shariah Finance Watch: University Islamic of Michigan. http://www.npr.org/2016/05/12/477758545/michigan-bank-discovers-the-need-for-islamic-finance-products What we find particularly enlightening about the NPR […]
posted by Christopher W. Holton Here is a stark case of creeping shariah. As we have often mentioned here on SFW, the weapon of choice for the financial jihadists is the sukuk, also known as “Islamic” bonds. The reality is that sukuk are not bonds at all. They are a shariah-compliant concoction designed to create […]
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. […]
Yours truly was interviewed for the article linked below that was published by the American Banker. The article is disappointing. It wasn’t so much what the article says, but what it does not say that bothers me. I spent a great deal of time on the telephone with the author explaining the concerns over Shariah […]
“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.” […]
Readers of SFW may recall that we have been closely watching University Islamic Bank in Ann Arbor, Michigan: https://shariahfinancewatch.org/category/university-islamic-bank/ We have always been troubled by many aspects of Shariah-Compliant Banking and Finance and we were taken aback by the attitudes expressed by the President of the bank, Stephen Ranzini. We addressed all of those issues […]
Dear Mufti M. Taqi Usmani…
Stephen Ranzini, Shariah-sop running University Bank, Ann Arbor A MUST READ FROM THE GOOD FOLKS AT SANE! http://www.saneworks.us/Dear-Mufti-M-Taqi-Usmani-newsblog-2514.htm
Over the past week, we have been following an exchange between the CEO of University Islamic Bank in Ann Arbor, Michigan, Stephen Ranzini, and Christopher Logan of Islam in Action blog. For those of you who missed the first two parts of this exchange, you can catch up here: https://shariahfinancewatch.org/category/university-islamic-bank/ In Part 3 of this […]
Christopher Logan over at Islam in Action blog has posted a follow up to his interview of the president of University Bank in Ann Arbor, Michigan. Like part 1, it makes for interesting reading…we very much look forward to part 3… http://islaminaction08.blogspot.com/2009/03/exclusive-q-with-president-of-michigan_07.html
Christopher Logan of Islam in Action blog had an interesting exchange with Stephen Lange Ranzini, president of the infamous University Bank in Michigan, a Shariah-Compliant institution. Logan wrote to Ranzini and expressed his offense at University Bank promoting the barbaric doctrine called Shariah here in the land of the free and the home of the brave. […]
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