Returning to the Scene of the Crime: Nakheel settling claims
On July 1, 2011 · In Defaults, Dubai, Dubai Investment Group, Islamic Bonds, Nakheel, Shariah Bonds, SUKUK, UAE
Back in 2009, the Dubai real estate entity Nakheel was the biggest in a rash of defaults on Islamic bonds (also known as sukuk). Nakheel is still working to settle the claims of creditors two years later and wants to issue yet another sukuk as part of a settlement. And to top it all off, [...]
Many suspect that the reason that CAIR has failed to file IRS form 990 for 3 years running is that the organization gets extensive funding from foreign governments and that would be decidedly bad for the Muslim Brotherhood group’s public image. By not filing Form 990 and relinquishing their non-profit status, CAIR doesn’t have to [...]
Lately we’ve been watching the story of how Shariah Banking has begun to infiltrate Nigeria by bypassing the political process there and winning special regulatory concessions that conventional banks don’t enjoy. Now we offer an article that identifies the personality behind the financial Jihad in Nigeria, Lamido Sanusi, “a Shariah/Arabic scholar,” who heads Nigeria’s central bank [...]
For everyone who’s ever used a face cream, anti-wrinkle treatment, “bath bomb” or body “butter” — did you ever think that while performing your daily beautification rituals, you might actually be supporting Hamas and its sympathizers? Well, if you use a brand of high-end spa products by a company called LUSH, you are. Read more at [...]
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