Note that in the article linked below announcing the first sukuk (Shariah-compliant bond) offerings in Australia, the Wall Street Journal is practically acting like a cheerleader for Shariah Finance. Note also in the article that, in addition to Australia’s sole existing Shariah-compliant investment firm, the nation’s 4th largest conventional lender also has plans to offer [...]
Abu Sayyaf kidnappers have set a four-week deadline to be paid or they will behead Australian Warren Rodwell. It should be noted, though, that the original ransom demand of A$2 million has been reduced to A$460,000. http://stayingsafeabroad.blogspot.com/2012/05/philippines-abu-sayyaf-reduces-sets.html
A SENATOR has requested an official inquiry into whether Australian taxpayers are unknowingly funding a Palestinian terrorist organisation. In a letter sent to Foreign Minister Bob Carr last week, Victorian Liberal Senator Michael Ronaldson cited evidence collected by Israeli civil rights organisation Shurat HaDin, which alleges that the Union of Agricultural Work Committees (UAWC), based [...]
Australia is on the road towards establishing a local Islamic bond market although the country’s first sukuk (Islamic bond) issuance may be several months away… National Australia Bank is in talks with regulators on a potential debut Sharia-compliant bond offering as the issuer seeks to marry local regulations with such deals’ Islamic requirements. Any sukuk must [...]
Islamic Charities: Facing facts (An Australian View from SFW Contributor Dave Clark)
Islamic Charities: Facing facts by Dave Clark, Q Society Vice President for Islamic Finance and Islamic Charities On 10 February this year, Nicola Roxon MP, Attorney General and Jason Clare MP, Minister for Home Affairs and Minister for Justice issued a media release titled “Reports Highlight Risks of Money Laundering and Terrorism Financing“ along with three reports [...]
Australia is about to get their first Shariah-compliant equity fund and the fund distributor is already busy touting the fund to capture money from non-Muslims by fraudulently claiming that his fund is “socially responsible.” We’ve covered much of this before on SFW, but it never hurts to refresh ourselves to debunk the notion that Shariah-Compliant [...]
Hyperion Asset Management, a Brisbane, Australia-based money management firm is the responsible party for allowing the camel’s nose to get under the tent in Australia. “We are delighted to welcome the Hyperion Australian Equity Islamic Fund to Bahrain,” said Economic Development Board chief executive officer Shaikh Mohammed bin Essa Al Khalifa. “This reflects the growing [...]
Islamic Finance is Islamic Law for Australia
There’s an election in Australia on 21 August and many Australians are hoping the current Islamic terror supporting Labor Government is bid farewell. http://www.australianislamistmonitor.org/index.php?option=com_content&view=article&id=3670:islamic-finance-is-islamic-law-for-australia&catid=185&Itemid=59
Australian Islamist Monitor Points Out the Inconvenient Truths About Shariah Finance
The financial jihadists have their sights set on our allies down under. Fortunately, there are those in Australia who are sounding the alarm. We can hope that enough people in Australia take notice of their warnings… http://www.australianislamistmonitor.org/index.php?option=com_content&view=article&id=3512:islamic-finance-nick-sherry-and-inconvenient-truths&catid=205&Itemid=59
We are very pleased to bring to SFW readers a submission from a financial insider who has seen the world of Shariah-Compliant Finance up close and personal, David Clark. David has spent several years structuring Shariah compliant finance deals. In this time he had access to the leading Islamic scholars and Shariah boards and learned just what a joke “Islamic finance” [...]
To follow up a story we’ve already reported on twice, the UAE’s efforts to infiltrate Australia with Shariah Finance, we found an article which describes these activities vividly. Nearly two years ago, at an Economic Conference in Kuala Lumpur, Malaysia, several high ranking ministers from Islamic nations released a statement encouraging the “Islamic finance” industry [...]
Last July, we reported on the first leg of a UAE “trade mission” to Australia whose aim it was to promote Shariah finance in Australia. That same mission is now on the second phase of its dawah operations Down Under. Ironically, virtually the entire effort is being driven by the government of Dubai, which has [...]
A Shariah-compliant co-op in Australia is being billed as an “ethical” alternative for investors, Muslim and non-Muslim alike. This is typical of the marketing and public relations efforts surrounding Shariah finance. Members of the industry itself openly discuss ways of marketing Shariah Finance to non-Muslim investors as “ethical investing” while excluding any reference to Shariah [...]
Former National Australia Bank executive Ahmed Fahour is aiming to build the world’s first global Islamic investment bank following his appointment to the Middle Eastern bank Gulf Finance House. The Lebanese-born Australian will take charge of the Bahrain-based bank next month, looking to offer oil rich Gulf states with investment opportunities ranging from infrastructure and [...]
A delegation from the United Arab Emirates has traveled to Australia and met with Treasury officials to increase opportunities for Shariah-Compliant Finance Down Under. The UAE delegation is seeking changes in Australia’s tax laws to accommodate the introduction of Shariah Finance… http://www.menafn.com/qn_news_story_s.asp?StoryId=1093259357
Promoters of Shariah-Compliant Finance love to proclaim that it is a form of ethical investing. But in Australia, one of the Shariah ruling councils has engaged in some decidedly unethical business practices… A court has heard a Victorian Islamic body tried to put a company out of business so it could monopolise the certification of [...]
Jihad Forest Fire based on Shariah?
About 15 months ago, a call for starting forest fires in “crusader” nations appeared on a Jihadist web site. One of the “crusader: nations mentioned was Australia. This is obviously interesting in view of the recent news out of Australia of the worst wildfires in that nation’s history, with scores of people killed. Now observers [...]
Iran, Terrorism, Proliferation and Shariah-Compliant Finance
In April of 2008, I attended Harvard Law School’s celebration of “Islamic Finance.” This event has been labeled by others as “shilling for shariah” at Harvard and, I must say, that is exactly what it was. During the two days of presentations, there was absolutely no critical thought expressed on the wider issue of Shariah. [...]
Dear Friends and Colleagues: I wanted to take this opportunity to call your attention to two important articles out of Australia that may have gotten lost in the holiday shuffle over the past 10 days or so. The Australian media has done a far better job of covering and analyzing Jihad and the threat of [...]
Illustration: Dyson Muslim clerics need to work harder to understand the needs and rights of Muslim women in Australian society. TAXI drivers around the world are known as a source of comment and (sometimes) wisdom. So when I found myself in a taxi driven by a Lebanese Muslim, I decided to seek his opinion [...]
Islam group urges forest fire jihad http://library.thinkquest.org/03oct/00494/Forest%20Fires/images/Forest%20Fire%202.jpg Josh Gordon September 7, 2008 AUSTRALIA has been singled out as a target for “forest jihad” by a group of Islamic extremists urging Muslims to deliberately light bushfires as a weapon of terror. US intelligence channels earlier this year identified a website calling on Muslims in Australia, the [...]
Islamic banking course dubbed ‘exciting’ Wednesday September 3 2008 Melbourne- The first ever masters degree in Islamic commerce to be offered at an Australian university has some overseas Indian students excited about prospects in this segment of global finance.”I am very excited that La Trobe University will be offering a course in Islamic banking and [...]
Aussie breeder takes on Dubai sheikh Tony Koch | August 02, 2008 A KNOCKABOUT Tenterfield horse breeder with centuries-old connections to the thoroughbred industry has accused one of the world’s richest men of galloping away with his family’s legendary name. Kev Darley, an archetypal Aussie battler, has accused Dubai sheik Mohammed bin Rashid al-Maktoum [...]
http://tinyurl.com/5bleh6 Reuters Published: July 26, 2008, 23:24 Dubai: Dubai Ports World said yesterday it signed a 40-year lease deal with the Port of Brisbane and is looking to invest A$250 million ($239.5 million) in the port in response to market demand. Under the deal, DP World will lease a container-only terminal for an initial 20-year [...]
Australia’s largest department store chain, Myer, expects its Middle East expansion to provide growth and opportunities back home as it seeks to sell a Melbourne icon to the world. Myer’s announcement today that it will open five stores in Dubai and Abu Dhabi over the next five years reflects a very different business to [...]
* Merkel in Germany: Only Christians from Iraq, please Hat tip…… http://sheikyermami.com/2008/07/19/australian-immigration-scandal-pro-muslim-bias-created-by-corrupt-local-case-officers/ Department told ‘bring more Christians’ * The clear subtext here is that Christians will assimilate better than Muslims. Australia should extend its welcoming hand to people who have suffered religious persecution in Islamic countries. In particular, that means the Christians. The Australian FORMER immigration [...]
Kuwait’s KFH expands to Australia, Singapore-CNBC “This expansion is through (our) Malaysian (unit) … It set up a representative office in Australia and Singapore for wealth management,” Mohammad al-Omar told CNBC Arabiya. The bank, which is expanding in the Gulf, Middle East and Asia, expects profits from its overseas operations to contribute continuously [...]
Hat tip- Darrin Hodges, thanks! Halal, or not to Halal? Jihad finance coming to Australia. An examination of the discriminatory practices of the National Australia Bank Introduction A report on ABC’s Lateline program recently has brought to the fore something which I have been talking about recently: Islamic finance coming to Australia. According to Ali [...]
A book on radical Pacifism Bernard Lane | July 09, 2008 UNIVERSITY departments dominated by so-called critical terror studies are consigning themselves to ever greater irrelevance, according to security analyst Carl Ungerer. Dr Ungerer, who left the University of Queensland in January to join the Canberra-based Australian Strategic Policy Institute, said security agencies were open [...]
Islamic school on fraud charges Hat tip-Winds Of Jihad Alana Buckley-Carr | June 28, 2008 A teacher at the Australian Islamic College ONE of Australia’s best-known Islamic schools has been accused of defrauding the commonwealth and West Australian governments of more than $3million by claiming it had hundreds more students on its books than it [...]
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