posted by Christopher W Holton Down in Australia, Zakaria Zaatiti is being tried for shooting two teenagers back in August. Details of the shooting aren’t complete in the article linked below but we do know that Zaatiti was denied bail, at least partially because he had conducted internet searches for “rocket propelled grenade,” “Islamic State,” […]
The Shariah Finance Trojan Horse Shows Up on CNBC.com
On December 21, 2017 · In Dana Gas, Islamic Bonds, Islamic Finance, Shariah Bonds, Shariah Finance, Sweden
by Christopher W Holton One of the chief concerns from Shariah-compliant finance is that it can be, and has been, used to put people at ease about the true nature of shariah and the threat that is poses. Shariah-compliant finance is also a weapon that Islamists can use to force shariah upon non-Muslims. Both of […]
posted by Christopher W. Holton Readers who do business with Citi Group may be interested in their activities involving Shariah-compliant finance in Pakistan. According to annual report issued by Securities and Exchange Commission of Pakistan (SECP), Shariah-compliant assets now represent 34.6 per cent of the total assets of the Non-Banking Financial Institute (NBFI) industry in […]
posted by Christopher W. Holton Sheikh Yusuf al-Qaradawi, one of the leading theologians of the Muslim world and one of the pioneers of Shariah finance, who is also considered the spiritual guide of the Muslim Brotherhood, has called for the murder of Christians. Ahmed Adnan, a Saudi journalist, writer and political advisor based in Lebanon […]
posted by Christopher W. Holton Shariah-compliant Finance is a key instrument of Islamic imperialism, as illustrated by the story linked below. Kenya has been targeted for a few years now by the financial jihadists. Only less than 12% of Kenyans are Muslim, yet Kenya has attracted the attention of Shariah financial institutions for several years, […]
posted by Christopher W. Holton John Guandolo of Understanding the Threat has posted a brief article on the role of zakat in funding Jihad… https://www.understandingthethreat.com/muslims-paying-zakat-are-funding-terrorism/ UTT has also posted a brief video on the subject… https://www.youtube.com/watch?v=hNwsY1FeLko
Former president Bill Clinton, whose wife Hillary Clinton is the Democrat nominee for president, took some $5.6 million between 2012 and 2014 from Dubai-based GEMS Education, which runs 51 Shariah schools in the Mideast having some 250,000 students. It has schools in other countries and regions, including Asia, the United Kingdom, Africa and even Chicago, […]
by Christopher W. Holton Here is a report that vividly illustrates the profound differences between charities in the West and “charities” in the Islamic world. Not only do Islamic charities routinely fund Jihad, they also operate Shariah courts. In the case linked below, we have Jamat ud Dawa, a Pakistani charity that has already been […]
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 […]
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 […]
The financial jihad is coming to Africa. Africa presents a high growth opportunity for Islamic banking products — more particularly in East and West Africa, given these markets are home to the largest number of Muslim residents. Nigeria has the largest Muslim population in Africawith around 80 million people. Across Sub-Saharan Africa, the number of Muslim residents is expected to […]
Reports indicate that a new private Shariah-compliant bank will open in Sebha, Libya. One of the proposed branches will be a women’s only bank.
The central bank of Ghana says it will consider granting a license for Shariah-compliant banking…meanwhile, Shariah finance is running into understandable resistance in neighboring Nigeria… But the introduction of Islamic banking in Nigeria is bringing some divide within the country’s religious (both Christians and Muslims) leaders.A Voice of America (VOA) report July 15, 2011 indicates […]
Kyle Shideler makes an excellent point with the article linked below: Shariah is not an a la carte menu from which you can pick and choose what you want based on what you like and dislike. As we noted here on SFW, on the very day that the Sultan of Brunei’s order to impose shariah went into effect, […]
Hollywood has responded to the Sultan of Brunei’s decision to impose Shariah on his country, mainly because the Sultan owns a big Beverly Hills hotel. Ben Shapiro lists other projects that Hollywood would probably rather forget about… http://www.breitbart.com/Big-Hollywood/2014/05/07/Hollywood-boycott-9
Proselytizing Shariah Finance With Fraud in Uganda
On April 28, 2014 · In fraud, Islamic Banking, Islamic Finance, Sharia Products, Shariah Banking, Shariah Finance, Uganda
The next country in the financial jihadists’ sites appears to be Uganda. Olive Kigongo, the President of the Uganda National Chamber of Commerce and Industry (UNCCI), has announced Uganda will host a seminar on Islamic Banking soon. “The difference between Islamic banking and the one more conventional banking we are used to, is that no interest […]
Shariah Bankers and Zakat Arm in Arm in Oman
On April 28, 2014 · In Islamic Banking, Islamic Finance, Oman, Shariah Banking, Shariah Finance, Zakat
Oman is a relative newcomer in the Arab world to Shariah-compliant finance, but now the sultanate is jumping in with both feet. An example is the symposium linked below which promotes the marriage between Shariah finance and zakat. We include this link primarily because there are still some who deny any linkage between Shariah finance […]
Thomson Reuters wins Islamic banking award Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has been named the Best Technology Provider for Islamic Banking in The Asset magazine’s Triple A Islamic Finance Awards 2014. Thomson Reuters has been at the heart of Islamic finance for over 30 years, offering innovative […]
British Ministry Seeks Input on Shariah-Compliant Student Loans
On April 15, 2014 · In Britain, Countries, Interest, Sharia Compliant, Shariah Finance, student loans
A new model for Shariah-compliant student loans has been unveiled recently by British Universities and Science Minister David Willetts. The UK government is seeking feedback from current and prospective students… https://www.gov.uk/government/news/new-loans-to-help-muslim-students-go-to-university
National Australia Bank is considering selling up to $US500 million ($482m) in Islamic bonds in what would be the country’s first issuance of sharia-compliant debt securities. http://sheikyermami.com/nab-set-to-join-rush-for-islamic-cash/comment-page-1/
Harvard University has long been a hotbed of pro-Shariah propaganda in the US, specifically with its high-profile efforts to promote Shariah-Compliant Finance in the West. In about 2 weeks, Harvard will hold its latest celebratory seminar in support of Shariah-Compliant Finance: Eleventh Harvard University Forum on Islamic Finance Takaful and Alternative Cooperative Finance Challenges and […]
The British government is planning to introduce student loans which will be compliant with Shariah law in order to encourage more Muslims to attend colleges and universities in the UK. If ever there was a smoking gun that Shariah-compliant loans were a sham, this is it: The principles of Shariah law recognize the value of […]
Barclays Plc will sell its retail banking business in the United Arab Emirates to Abu Dhabi Islamic Bank PJSC $177 million. Barclays joins Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, and Lloyds Banking Group Plc in exiting consumer and commercial-banking business in the U.A.E. http://www.businessweek.com/news/2014-04-06/barclays-to-sell-u-dot-a-dot-e-dot-retail-banking-to-abu-dhabi-islamic-bank
State Bank of Pakistan (SBP) Deputy Governor Saeed Ahmad recently claimed that Shariah finance is going to become a better alternative to conventional banking. “Given its global outreach, growing recognition as a stable system, and its ability to provide financial solutions to all business needs, Islamic finance is all set to establish itself as a […]
We have long pointed out on SFW that the purpose of Shariah finance is in fact to promote Shariah. Here is an example of that at work. Shariah banking is reportedly taking hold is a big way in Ethiopia, a developing nation with a majority Christian population… http://www.6kilo.com/islamic-banking-booming-in-ethiopia-2/
Here is more proof that Shariah-compliant finance is a system based on centralized economics and not a product of, or adjunct to, free market economics. The Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatization on Friday informed the National Assembly that the government was taking steps to promote Islamic Banking in the country. http://www.brecorder.com/top-news/108-pakistan-top-news/165811-govt-taking-steps-to-promote-islamic-banking-na-told.html […]
It is no surprise that another Kuwaiti financial institution is becoming Shariah-compliant. But it does illustrate something about the whole march of Shariah compliance. For many years, conventional banking and finance proliferated and even flourished in the oil-rich Islamic world. The march to Shariah-compliance is relatively recent and is more tied to political motives than […]
Bank of England’s efforts to shill for Shariah escalate
On March 28, 2014 · In Britain, Creeping Shariah, Islamic Finance, Islamization, Shariah Finance, United Kingdom
There is no greater cheerleader for Shariah and financial jihad in the Western world than the elected and appointed officials of the United Kingdom… The Bank of England is studying ways to increase the number of sharia-compliant assets that Islamic financial institutions can use in their liquidity buffers, a step towards reducing concentration risks in […]
The desperate quest to retrieve petrodollars sent to oil-rich Islamic states results in individuals and institutions outside the Islamic world embracing the Islamic doctrine of Shariah, allowing it to infiltrate through the financial underbelly… The 24th meeting of the IFSB Council, hosted by Autoriti Monetari Brunei Darussalam (AMBD), was held on 27 March 2014 at the […]
Ghana is the latest country to embrace Shariah via the financial trap door and, not surprisingly, the industry is being touted as “interest-free” implying they loan out free money, which couldn’t be further from the truth… http://www.myjoyonline.com/business/2014/March-25th/interest-free-islamic-banks-to-heighten-competition-in-ghanas-banking-sector.php
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