One Law for All Campaign will be holding a rally in London demonstrating against Shariah and for secular laws…details at the link… http://www.onelawforall.org.uk/20-june-2010/
Standard Chartered Bank, one of the United Kingdom’s largest and oldest financial institutions is set to enter the Saudi market to promote Shariah-Compliant Finance. If any non-Muslim Standard Chartered employees happen to find themselves transferred to Saudi Arabia, they may want to remember not to exercise their religion where anyone can see or hear them [...]
London can play a major role in the growth and the further progress of the Islamic financial sector due to vast exposure to the sector, said HRH Prince Andrew, Duke of York. http://biz.thestar.com.my/news/story.asp?file=/2010/5/21/business/6308286&sec=business
The 500 euro note, one of the largest denomination notes in the world, is being pulled from distribution in the United Kingdom. They are known in some countries as “bin Ladens” – the bank note everyone knows exists, but few people other than criminals will ever see. The decision comes after police linked 90 per [...]
Hat tip to Jihad Watch… http://www.jihadwatch.org/2010/04/whoops-muslim-charity-praised-by-british-pm-and-prince-of-wales-under-investigation-for-funneling-mo.html
This week a group of British Shariah-Compliant Banks teamed with government entities to launch a lobbying organization to promote Shariah Finance in Great Britain and push for the British government to issue an Islamic bond (better known as Sukuk). There is so much wrong here that it almost defies the imagination. First of all the [...]
British Life Insurance Firm Looks To Go Shariah
On March 31, 2010 · In Britain, Islamic Finance, Sharia Compliant, Sharia Products, Shariah insurance, Takaful, United Kingdom
Friends Provident International, the global arm of one of Britain’s biggest life insurers, is looking to offer Shariah-compliant insurance (Takaful) in the Persian Gulf region to expand its regional presence. A slowdown in the domestic insurance market in Great Britain and global growth meant the company’s overseas business last year accounted for more than 50 [...]
PricewaterhouseCoopers Appoints Shariah Finance Director
On February 25, 2010 · In Accounting, Britain, Islamic Finance, Shariah Finance, Takaful, United Kingdom
PricewaterhouseCoopers has appointed Takaful expert Mohammad Khan as its new Islamic finance director in the United Kingdom. Since PricewaterhouseCoopers does a great deal of business around the world, SFW readers may be particularly interested in their prominent role in promoting Shariah and may wish to take these activities into consideration when making their personal and [...]
A family-run Islamic charity in Great Britain has been heavily criticized by the UK charities’ regulator for poor record-keeping and not acting in the best interests of the organisation. http://www.romfordrecorder.co.uk/content/havering/recorder/news/story.aspx?brand=RECOnline&category=newsRomford&tBrand=northlondon24&tCategory=newsromford&itemid=WeED19+Feb+2010+11%3A49%3A22%3A207
Islamic finance system urged for Guernsey
On February 19, 2010 · In Britain, Creeping Shariah, Islamic Economics, Islamic Finance, Islamization, Shariah Finance, stealth jihad, United Kingdom
Guernsey, one of the Channel Islands between Great Britain and France, has a semi-autonomous political and economic system, but maintains close official relations with the United Kingdom. Unfortunately, someone in Guernsey thinks it’s a swell idea to adopt Shariah-compliant finance for its financial system…the last time a foreign totalitarian doctrine was in control on Guernsey [...]
A British-based charity called “Islamic Help” lists its mission as “relief of financial hardship.” So why is Islamic Help raising money to build what would be the largest boarding school in the entire United Kingdom–a madrassa with over 5,000 students? That’s a question that the UK Charity Commission asked and it looks as if they [...]
http://www.bloggersbase.com/politics-and-opinions/britain-considering-shariah-compliant-bonds/
The UK Government has proposed new regulations to support Shariah-Compliant Finance and the issuance of corporate sukuk (also known as Islamic bonds). The new regulations, entitled the “Financial Services and Markets Act 2000, Order 2010,” will make the operation of Shariah-Compliant Finance easier in the UK and facilitate the issuance of corporate sukuk. These regulations [...]
A few years ago, Dubai World floated an Islamic bond (Sukuk) to acquire the British port company P&O. The results of that acquisition and the methodology became part of the subsequent default and bailout of Dubai World’s sukuk portfolio. What the article linked below alludes to without coming right out and saying it, is the [...]
Money Talks: Deterring Libel Tourism
On January 6, 2010 · In Britain, Creeping Shariah, Free Speech, Islamic Law, Islamization, Jihad, lawfare, Rachel's Law, Shariah Law, stealth jihad, Terror Funding, United Kingdom, USA
The Sauds are mounting a surreptitious campaign to stifle freedom of expression in the United States through “lawfare.” This is why state-level initiatives designed to protect free speech, such as those already passed in New York, California, Florida and Illinois, are so important. For information on how you can get involved in starting a Free [...]
Oxford professor calls for “branding” of Islam
On January 5, 2010 · In Britain, Islam, Islamic Economics, Islamic Law, Islamization, Shariah Law, Taqiyya, United Kingdom
Ample business and market opportunities await Islamic companies in Muslim and non-Muslim countries if they can execute effective branding strategy, according to a branding expert from Oxford University. Dr Paul Temporal, associate fellow at the British university’s business school, said the Islamic values like honesty and cleanliness could provide strong fundamentals for companies to build [...]
From the truth is stranger than fiction file comes the report from the UK Daily Mail that Britain’s NatWest Bank wrote Krenar Lusha a mortgage, complete with no downpayment. There were a few problems with this transaction: 1. Lusha was in the UK illegally. NatWest failed to perform the required background checks on him. (This [...]
British university to offer degree in “Islamic Banking”
On December 18, 2009 · In Britain, Creeping Shariah, Da'Wah, Islamic Banking, Shariah Banking, United Kingdom
Salford University in the UK will offer a degree in Islamic Banking. Note that the course of study is not just designed for Muslims; non-Muslims are encouraged to enroll as well. This is more evidence of Shariah Finance as missionary work (dawah)…We would also refer to it as a form of Islamic Imperialism. http://www.manchestereveningnews.co.uk/news/s/1186054_islamic_banking_degree_launched?
As we have reported here from time to time, there is a movement around the world to adjust tax laws to accommodate Shariah Finance. The United Kingdom is no exception, where the Left wants to make an exception for the capital gains tax on sales involving Shariah-Compliant products and transactions. The financial jihadists want to [...]
BBC: Islamic Finance is a Dishonest Business Run by Dishonest People
On December 16, 2009 · In "Ethical Investment", AAOIFI, Britain, Creeping Shariah, Defaults, Dubai, HSBC, Investment Scams, Investment Swindles, Islamic Banking, Islamic Bonds, Islamic Finance, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Boards, Shariah Bonds, Shariah Councils, Shariah Finance, Shariah Mortgage, Uncategorized, United Kingdom, Usmani
The BBC has published an article by Mr. John Foster, who used to be editor of “Islamic Business & Finance” magazine. The topic of the article is described by its title: “How Sharia-Compliant is Islamic Banking?” But it is not really the topic which makes the article interesting. It is the details which make it [...]
The British government is set to change tax policies to “level the playing field” for Islamic finance… http://www.ifaonline.co.uk/ifaonline/news/1565475/pbr-islamic-finance-boost?
The Banker points out problems with Shariah Finance
On November 27, 2009 · In "Ethical Investment", Britain, European Union, Financial Institution, Iran, Islamic Banking, Islamic Finance, Islamic Law, Islamization, proliferation, Regulation, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Boards, Shariah Councils, Shariah Finance, Shariah Law, Terror Funding, The Banker, United Kingdom
The British publication “The Banker” has mostly been a cheerleader for Shariah Finance for several years and they have written an article which, while viewing Shariah Finance in a positive light, also points out some of its serious flaws: • “Greed and selfishness” exist in Shariah Finance just as they do in conventional finance. This [...]
The first Islamic insurance company to be launched in the UK has closed to new business after failing to raise enough capital to continue trading. Salaam Halal, launched last July, has written to suppliers and partners informing them it is now in “solvent run-off”. A note has also been placed on its web site revealing [...]
UK-based Islamic Charity Imposes Shariah at Indian Refugee Camp
On November 17, 2009 · In Britain, Creeping Shariah, India, Islam, Islamic charities, Islamic Law, Shariah Law, United Kingdom, Zakat
The Muslim Relief Organization, a registered charity operating out in the open in Great Britain, is imposing Shariah law on a refugee camp it has funded in India. There has been a great deal of trouble surrounding Islamic charities, particularly their tendency to fund Jihad through the Islamic system of tithing known as “zakat.” This [...]
U.S. taxpayers funding terrorism: the ties that blind
On November 17, 2009 · In AIG, Al Qaeda, Britain, Center for Security Policy, Citigroup, Creeping Shariah, fiqh council of north america, Heros against Shariah, Islamic charities, Islamic Finance, Islamic Law, Islamization, Jihad, Qaradawi, Saudi Arabia, Sharia Compliant, Sharia Products, Shariah Boards, Shariah Councils, Shariah Finance, Shariah insurance, Shariah Law, stealth jihad, Takaful, Terror Funding, terrorism, U.S. Policymakers, United Kingdom, USA, Zakat
What would you think if it was proven beyond doubt your tax money is getting into the hands of terrorists, not altogether accidentally? How would you feel if you discovered that the dollar you paid in income tax had been channeled by the federal government through a bank bailout law to Citigroup which then ‘invested’ in [...]
British Government grant to Islamist-associated charity criticised
On November 4, 2009 · In Britain, Hizb ut-Tahrir, Islamic charities, Islamic Law, Islamic schools, Shariah Law, United Kingdom, Zakat
Regular readers of SFW will recall that we closely monitor the activities of Islamic charities due to the history of many such charities providing funds to Jihadist terrorist organizations: http://www.shariahfinancewatch.org/blog/category/islamic-charities/ It is not uncommon for Islamic charities to be closely aligned with political movements. What is unusual, however, is when a Western government gives money [...]
Skills shortage fear for Islamic finance
On November 3, 2009 · In Accounting, Britain, Dubai, Islamic Banking, Islamic Finance, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Finance, United Kingdom
A shortage of expertise and a lack of regulatory harmonisation among Shariah principles are the biggest obstacles for growth in the Islamic finance sector, according to a new report published by the British accounting firm, BDO. Unfortunately, most of the executives in the Islamic finance sector still see it growing by as much as 20% [...]
The growth of Shariah Finance has resulted in Western institutions offering degree, diploma and training courses in Islamic finance. This amounts to Western training in Shariah. Dauphine University in Paris will begin offering a master’s program in Islamic finance very soon. Reading University in the UK is offering courses in Islamic finance. HSBC, the big [...]
Prudential to launch two Islamic funds
On October 27, 2009 · In Britain, Dubai, Indonesia, Islamic Equity Funds, Islamic Finance, Sharia Compliant, Sharia Products, Shariah Finance, United Kingdom
British insurer Prudential plans to launch two Islamic equity funds in Dubai in the coming months and apply for an asset management licence in Indonesia… http://www.business24-7.ae/Articles/2009/10/Pages/26102009/10272009_e06349b8453c4b278cce9e206bdf29d6.aspx
Video: Opportunities in Islamic finance
On October 23, 2009 · In Accounting, Britain, Creeping Shariah, Islamic Finance, Islamization, Sharia Compliant, Shariah Finance
Add PricewaterhouseCoopers to the list of Western financial firms that are performing missionary work on behalf of the Islamists by promoting Shariah Finance…the link below will take you to a fluff piece poorly disguised as journalism at the Accountancy Age web site… http://www.accountancyage.com/accountancyage/video/2251893/video-opportunities-islamic?
Categories
