The World Bank, which is largely dependent on the USA, is set to team up with the Islamic Development Bank to push the issuance of Shariah-compliant bonds, known as sukuk. The Islamic Development Bank is the financial arm of the Organization for Islamic Cooperation, a nefarious, Islamic supremacist, 57-nation voting bloc in the United Nations […]
There’s plenty to dislike and distrust about the World Bank. One of them is the fact that the World Bank has fully embraced the financial side of the barbaric doctrine known as Shariah. Keep in mind as you ponder this that the U.S. is a major source of funds for the World Bank. The International […]
In Africa, where we have seen increasing conflict between Jihadists and Christian populations, Christian leaders are beginning to object to the influence of Shariah banking… The decision by the World Bank Group to push for Islamic banking as a more sustainable alternative to conventional banking practices has met opposition from some Christian leaders, who argue […]
Al Baraka Banking Group has announced its collaboration with the World Bank to begin a research partnership that would be beneficial to the global Islamic banking industry. The partnership’s first initiative, part of a planned series of research projects, will be a study examining the risk-management challenges facing Islamic banks, with a particular focus on Musharaka and […]
Any suggestion that sanctions against Iran are not completely unravelling certainly goes out the window if Iran secures World Bank financing for development projects…keep in mind that the US is the primary funder of the World Bank… http://www.tehrantimes.com/economy-and-business/115100-iran-seeks-world-bank-finance-for-development-projects
Money Jihad Blog: World Bank Spends Our Money To Promote Shariah
Another excellent posting over on the Money Jihad blog… The World Bank has agreed to collaborate with the Islamic Development Bank (IDB) “in the development of Islamic Finance,” according to the Arab News. http://moneyjihad.wordpress.com/2012/11/22/world-bank-spends-your-money-to-promote-sharia/
The International Finance Corp., a wing of the World Bank, said Wednesday it would list its first Islamic bond. The IFC Hilal Sukuk, a greenback-denominated 100 million dollar issue with a five-year maturity, will be listed with the Nasdaq Dubai and Bahrain stock exchanges, the Washington-based corporation said. The IFC is the first non-Islamic financial […]
Report: Iran court upholds stoning death sentence 5 hours ago TEHRAN, Iran (AP) — Iran’s Supreme Court upheld a stoning death sentence for a woman convicted of adultery in the southern city of Shiraz, an independent newspaper reported Saturday. The daily Etemad Melli, or National Confidence, reported that the court also upheld another death sentence, […]
World Bank names 28 financially strained states Fri 10 Oct 2008, 4:23 GMT By Lesley Wroughton WASHINGTON (Reuters) – A new World Bank report on Thursday named 28 countries in Africa, Asia and the Middle East facing financial strains due to high food and fuel costs and now from a cascading credit crisis. World […]
Shariah Laws and Finance will try to poise themselves as the saviors of the economic crisis, but they are not immune. Do not fall for the SCF is a safe investment ploy.
Gulf states poised to weather financial crisis By Julia Wheeler BBC News, Dubai Gulf stock exchanges are apt to exaggerate volatility felt elsewhere Gulf stock markets are not immune to the global battering the current tornado of volatility has brought. In Saudi Arabia, there has been a 45% drop in share values this year and […]
By D. Arul Rajoo BANGKOK, June 13 (Bernama) — The Second Thailand Islamic Finance Conference, which will be held here on June 26, will give an update on the worldwide development of Islamic finance, including the untapped market in Thailand. The event offers an opportunity for public sector officials, state enterprise directors, bankers, financiers […]
World Bank fears Pakistan crisis Pakistan must take immediate action to prevent its economy from collapse, the World Bank has warned.It said that “painful adjustments” would be needed to prevent a crisis sparked by high oil and food prices.Under President Pervez Musharraf, the country’s economy flourished. The United Nations predicts 2008 growth at 6.5% […]
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