Jihadi Charities Expand in Indonesia
On March 17, 2020 · In Indonesia, ISIS, Islamic charities, Islamic State (IS), Terror Funding, Uncategorized
posted by Christopher W. Holton East Asia Forum has an important article posted on the proliferation of charities supporting Jihadist groups in Indonesia. This has been a problem for well over a decade now as Indonesian security and intelligence services battle terrorists both kinetically and in the financial realm. Here are the highlights of the […]
Saudi Arabia Criticized for Funding Salafist Islam in Southeast Asia
On December 15, 2017 · In Da'Wah, Indonesia, ISIS, Islamic charities, Islamic State (IS), Malaysia, Phillipines, Salafism, Saudi Arabia, Wahhabism
posted by Christopher W Holton It has been a well-established fact that Saudi Arabia has spent tens of billions of dollars over the past 30-40 years or so proselytizing its brand of Sunni Islam, known as Wahhabism, but properly categorized as Salafism. It is also a well-established fact that Salafi Islam has given rise to […]
by Christopher W. Holton Indonesia’s finance ministry sold 3.03 trillion rupiah ($227.97 million) of Islamic bonds at an auction, below the indicative target of 5 trillion rupiah, its financing and risk management office reports. http://timesofindia.indiatimes.com/business/international-business/indonesia-sells-3-03-trillion-rupiah-of-islamic-bonds-below-target/articleshow/59124027.cms
posted by Christopher W. Holton Here we have more evidence that Shariah-compliant finance stands diametrically opposed to free enterprise and free market economics. Indonesia is the world’s most populous Muslim nation, yet, there has been little support for Shariah Finance there. So, as is a common practice in all nations involved in Shariah-compliant finance, be […]
Financial Trail Indicates Islamic State Presence Spreading to Indonesia
On December 22, 2015 · In Indonesia, ISIS, Islamic State (IS), Jihad, Jihadist Groups/Individuals, Terror Funding
Some of the Indonesian men arrested at the weekend after tip-offs that they were planning a string of militant attacks had received funding from Syria, hardening evidence of their links to Islamic State, police said on Monday. “They received transfers of funds … they have a connection with Syria,” national police spokesman Anton Charliyan told […]
Indonesia Shariah Bond Offering Falls Short of Target
On March 12, 2014 · In Indonesia, Islamic Bonds, Islamic Finance, Shariah Bonds, Shariah Finance, SUKUK
Indonesia’s finance ministry raised 1.273 trillion rupiah ($111.8 million) in a sale of its shariah bonds (sukuk) this week, below an indicative target of 1.5 trillion rupiah. Sukuk offerings have often fallen short of targets due to concerns about an historically high default rate and lack of liquidity. http://www.reuters.com/article/2014/03/11/indonesia-economy-debt-idUSL3N0M81P220140311
The central bank of Indonesia is searching for a bank to sign up as primary dealer for short-term sukuk, or Shariah-compliant bonds, issued by the International Islamic Liquidity Management Corp (IILM), a body it helped establish in 2010 to attempt to address the chronic lack of liquidity in shariah compliant money market instruments. Bank Indonesia is one of […]
Indonesia’s finance ministry raised 1 trillion rupiah ($85.86 million) at a sukuk auction on Tuesday, below an indicative target of 1.5 trillion rupiah, the ministry’s debt office said. Southeast Asia’s biggest economy only sold six-month sharia T-bills. There were no winning bids for the six-, 13- and 29-year project-based sukuk. http://in.reuters.com/article/2014/02/25/indonesia-economy-debt-idINJ9N0IR01Z20140225
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