Toxic Propaganda from the Financial Jihadists on Shariah Finance
On September 29, 2015 · In "Ethical Investment", AAOIFI, Iran, Islamic Finance, Malaysia, Nakheel, Qaradawi, Shariah Banking, Shariah Finance, Terror Funding
By Christopher W. Holton Periodically we see articles and marketing pieces come out promoting Shariah-compliant finance as somehow more “ethical” than conventional finance. In fact, Shariah finance is often promoted as the ethical substitute to conventional finance and promoters of Shariah finance, notably Sheikh Youssef De Lorenzo, who has written that Shariah finance should be […]
Here is a story that illustrates that Shariah-compliant financial institutions are far from immune from risk, as much of the propaganda surrounding the industry claims. It is certainly worth noting that two of the banks that were involved in the joint venture in question, Bank Saderat and Bank Melli, are two of the very largest Shariah-compliant […]
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