Enviro investment movement goes Shariah-compliant
On June 30, 2012 · In Creeping Shariah, Islamic Finance, Luxembourg, Shariah Bonds, Shariah Finance, SUKUK, Thailand
The Green movement is going Shariah… What we do not understand from the passage below is how perfume manufacturing can possibly be Shariah-compliant. Nevertheless, it does seem that the environmental movement has thrown in with the financial jihad… Forestry fund managers apply Sharia for Middle East edge Two fund managers are marketing Sharia-compliant sustainable forestry [...]
WASHINGTON – The U.S. Department of the Treasury today designated four individuals and three entities involved in laundering the proceeds of narcotics trafficking for drug kingpin Ayman Joumaa. Treasury also designated a Colombia-based individual under its terrorism authority, Executive Order (E.O.) 13224, for directing Hezbollah’s fundraising activities in the Americas. This individual was previously designated under [...]
Nigeria is a country that has been wracked by violence from Boko Haram Islamic terrorists. They have been particularly brutal in their attacks on Christian worshippers in churches on Christian holy days, such as Christmas and Easter. Now the financial jihad has come to Nigeria. At a zakat seminar (NOTE: zakat is used to fund [...]
The Islamic Financial Services Board (IFSB) forecasts that the Shariah Finance industry will grow at a 15% annual rate over the next ten years. Meanwhile, HSBC, one of the leaders of the financial jihad in the West, points out that Shariah banking has grown at a 15% to 25% annual rate. As if to celebrate [...]
Money Jihad blog and Creeping Shariah have both done an excellent job of bringing attention to the fact that Imam Mohamed Sheikh Abdirahman Kariye, who heads Masjed As-Saber mosque in Portland, Oregon, has been convicted of Social Security fraud and was the co-founder of Global Relief Foundation, an Islamic charity shut down by the US Treasury [...]
FaithFreedom.org has an extensive file on the Murfreesboro mosque controversy and they have now expanded that file with information on the “money man” behind the mosque. For readers who are not familiar with the Murfreesboro mosque controversy, there is a huge 53,000 square foot mega-mosque being constructed just outside of Murfreesboro, Tennessee, a town with [...]
Does Your Financial Institution Participate in Shariah Compliant Finance?
On June 26, 2012 · In AAOIFI, AIG, Amana Funds, Arcapita, Bank of New York-Mellons, Barclays, Bloomberg, BNP Paribas, Citigroup, Clearstream Banking SA, Companies, Credit Suisse, Creeping Shariah, Deloitte Touche Tohmatsu, Deutsche Bank, Dhimmitude, DIC, DIFC, DIFX, Dow Jones, Dow Jones Islamic Market, Financial Institution, fiqh council of north america, Fitch, GE Capital, Goldman Sachs, Guidance Financial, HARVARD, HSBC, IFSB, IIFM, IIIT, Islamic Banking, Islamic Finance, ISRA, KPMG, Merrill Lynch, Moody's, Moody's Investor Service, NASDAQ, NatWest Bank, Sharia Compliant, Shariah Banking, Shariah Finance, Shariah insurance, Shariah Mortgage, Standard & Poor's, Standard Chartered, Thomson Reuters, UBS, UBS Bank, University Islamic Bank
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. [...]
An Extremely Important Article on Shariah-Compliant Finance from Congressman Allen West
On June 22, 2012 · In Al Qaeda, Allen West, Creeping Shariah, Guidance Financial, Hamas, Hezbollah, HSBC, Investors Business Daily, Islamic charities, Islamic Finance, Islamic Law, Islamization, Jihadist Groups/Individuals, Qaradawi, Shariah Boards, Shariah Courts, Shariah Finance, Shariah Law, stealth jihad, Terror Funding, U.S. Policymakers, UBS, UBS Bank, Usmani, Zakat
Investor’s Business Daily and Congressman Allen West have teamed up overnight to publish an extremely important op ed penned by Congressman West on the subject of Shariah-Compliant Finance. In his column, Congressman West points out virtually all of the major concerns surrounding Shariah-Compliant Finance and laments that it has received no critical scrutiny from US [...]
Prince Salman bin Abdulaziz al-Saud, now the next in line to take over the kingdom of Saudi Arabia, was one of several defendants sued last year for his alleged support of the September 11, 2001, terrorist attacks. Salman is identified as an “individual patron” of al-Qaeda and as the leader of the Saudi High Commission [...]
WorldNetDaily has a new report out this morning about the American Freedom Law Center’s continuing legal fight over AIG’s takaful division, which is effectively subsidized by the US taxpayer due to the massive federal bailout of AIG over 3 years ago… http://www.wnd.com/2012/06/battle-against-taxpayer-funded-shariah-escalates/?cat_orig=us The federal government has effectively been able to ignore the US constitution in [...]
Here we go again: Financial Times continues spread of the myth of “ethical” Shariah Finance
On June 18, 2012 · In "Ethical Investment", Creeping Shariah, Defaults, DeLorenzo, Iran, Islamic Banking, Islamic Bonds, Islamic Finance, MEDIA, Media, Qaradawi, Shariah Banking, Shariah Finance, SUKUK, Terror Funding, Usmani
The financial jihadists have many enablers and useful idiots in the West who help them with their dawa’h mission to spread Shariah through economic imperialism. One surfaced today in the Financial Times. Like many in the financial media, the Financial Times has acted more like a cheerleader for Shariah Finance than as a responsible journalistic organization. [...]
A widely-exalted charity embraced by the U.S. government called Islamic Relief USA hosted a Palestine Benefit Dinner in Orlando this weekend. A second fundraiser was held in Fort Lauderdale. The events (featured) the chairman of Americans for Palestine and a former official of the Council on American-Islamic Relations. Islamic Relief USA says it belongs to [...]
Humanitarian Relief Foundation (İHH) President Bülent Yıldırım is being investigated for allegedly financing al-Qaeda through his organization… http://www.hurriyetdailynews.com/head-of-conservative-ngo-under-probe-for-financing-al-qaeda-.aspx?pageID=238&nID=23245&NewsCatID=338#.T9rozaZuHgk.twitter
Lawyers for American victims of a Hamas triple suicide bombing who successfully sued Iran for damages have slammed the US Justice Department’s backing of a court ruling preventing the plaintiffs from obtaining information about Iran’s US-based assets… http://iranaware.com/2012/06/15/obama-opposes-forcing-iran-to-reveal-assets-to-victims-of-iran-funded-hamas-jihad-bombing/
On June 7th, we posted an article about how Tennessee’s Republican governor and Economic and Community Development commissioner had seen fit to appoint a former Obama White House official who happens to be a specialist in Shariah Finance to their state’s office of Economic and Community Development. Her name is Samar Ali. SFW has documented [...]
Al Qaeda funder in Chicago sentenced to 7 years in prison
On June 11, 2012 · In Al Qaeda, Jihad, Jihadist Groups/Individuals, Kashmir, Pakistan, Terror Funding
A cab driver in Chicago who was convicted of attempting to send money to support Al Qaeda has been sentenced to just over 7 years in prison. This is an absurdly light sentence. Imagine it were 1943 and a Chicago cab driver was convicted of trying to send money to support Nazi Germany or Imperial [...]
Fox News Channel will air a segment on Sunday, June 10th on the new Patriot Fund, a mutual fund that uses a terror-free screen to exclude companies that have ties to Iran, Sudan and Syria, three Islamic nations on the US State Department’s list of state sponsors of terror. Featured on the segment will be [...]
Members of the House Judiciary Committee on oversight on Thursday called on U.S. Attorney General to provide documents and evidence relating to the landmark Holy Land Foundation trial – the largest terrorism financing trial in U.S. history. The committee made a nearly identical request more than a year ago, however, the documents were never [...]
Shariah Finance Watch editor briefs Congressional staffers on Shariah-Compliant Finance
On June 8, 2012 · In "Ethical Investment", AIG, Al Qaeda, Amana Funds, Center for Security Policy, Creeping Shariah, Da'Wah, Dow Jones, Dow Jones Islamic Market, Elena Kagan, Hamas, HARVARD, Hezbollah, Hizb ut-Tahrir, Holy Land Foundation, HSBC, Interest, Investors Business Daily, Iran, Islam, Islamic Banking, Islamic charities, Islamic Economics, Islamic Finance, Islamic Law, Islamization, Jihad, Jihadist Groups/Individuals, Malaysia, Money Laundering, murabaha, MURAHABA, Muslim Brotherhood, Obama, OIC, purification, Qaradawi, Qatar, Regulation, Saudi Arabia, Sharia Compliant, Shariah Banking, Shariah Finance, Shariah in Academia, Shariah insurance, Shariah Law, Shariah Mortgage, Sovereign Wealth Funds, Sudan, Takaful, Taliban, Terror, Terror Funding, terrorism, The Banker, U.S. Policymakers, UAE, United Kingdom, USA, Usmani, Usury, VIDEOS, Wahhabism, Zakat
Recently we had the opportunity to brief staff members from 10 Congressional offices on the threat of Shariah Finance. The briefing was recorded and we have posted the full 1-hour briefing here for SFW viewers… Shariah Compliant Finance and Financial Jihad
Regular, long-time readers of SFW may recall a posting from almost exactly 2 years ago in which it was announced that an attorney who had specialized in Shariah Finance had been appointed as a White House fellow by President Barack Obama: http://www.shariahfinancewatch.org/blog/2010/06/23/shariah-compliant-finance-specialist-joins-white-house-as-fellow/ The attorney in question is named Samar Ali. At the time she was [...]
A New York accountant accused by U.S. authorities of helping al Qaeda with computer systems pleaded guilty on Monday in federal court to terrorism-related charges. Sabirhan Hasanoff, 36, a dual U.S. and Australian citizen who owns a home in Brooklyn, New York, was arrested in April 2010 and charged with conspiracy to provide material support [...]
Bank Islam in Malaysia has launched a new Shariah-compliant derivative product called an Islamic Dual Currency Investment-i (DCI-i). This product is wrapped in a murky Shariah cloak, but make no mistake about it: it is a derivative product designed to squeeze additional returns out of fluctuations in foreign currencies. The foreign currency markets are highly [...]
On June 1, 2012, the U.S. Court of Appeals for the Sixth Circuit ruled that a federal taxpayer lacks “standing” to challenge the government’s use of taxpayer funds to support sharia-based activities. The case, which is captioned on appeal as Murray v. United States Department of Treasury, et al., was brought by American Freedom Law Center [...]
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