Paul Aster has an excellent report over on the Investigative Project’s web site about a federal judge’s decision last week clearing the way for French banking giant Credit Lyonnais to face a civil trial for allowing funds to reach the Jihadist terrorist group HAMAS through an Islamic charity: Judge Clears Path for Trial Against French [...]
French Politician: “Our friend Qatar is financing Mali’s Islamists”
On February 10, 2013 · In France, Jihad, Jihadist Groups/Individuals, Mali, Qatar, Terror, Terror Funding, terrorism
For years Western intelligence has known that the Wahhabi-run nation of Qatar has been financing Jihad. The financing has come in the form of protection payments from the government itself to keep Jihadists from attacking the tiny monarchy and in the form of support payments (zakat and otherwise) from wealthy Qatari individuals. France has now [...]
A former U.S. ambassador to Mali has alleged that France paid a $17 million ransom to free hostages seized from a French mining site – cash she said ultimately funded the al-Qaeda-linked Islamist militants its troops are now fighting. French officials, whose soldiers are pushing north into the territory where the missing captives are believed [...]
Sukuk Issuance Hit $131 Billion in 2012
On January 12, 2013 · In Creeping Shariah, France, Germany, Islamic Bonds, Islamic Economics, Islamic Finance, Islamization, Sharia Compliant, Shariah Bonds, Shariah Finance, Shariah Law, SUKUK
KFH Research reports that Shariah-compliant bond (sukuk) issuances reached $131 billion during 2012, a 54% increase over 2011. As we have reported previously on SFW, sukuk are fast becoming the weapon of choice for promoting Shariah through Shariah-Compliant Finance. Here is how that works: • As we know from historical records and contemporary statements from [...]
A man convicted of attempting to fund an Al Qaeda affiliate has been sentenced to just 8 years in prison by a French court. This seems like a ridiculous sentence for someone who was trying to send money to the world’s most notorious Jihadist terrorist organization… Irfan Demirtas, 53, was found guilty of financing terrorism [...]
Al Qaeda financier arrested in France
On July 5, 2012 · In Al Qaeda, France, Iraq, Jihad, Jihadist Groups/Individuals, Terror, Terror Funding, terrorism, Tunisia
French counterterrorism police have arrested the administrator of a Jihadi website who is suspected of playing a key role in financing and recruiting for Al Qaeda and other terrorist groups in several countries. The suspect — whom prosecutors call a “formidable financier of the bloodiest terrorist groups’’ — was being questioned Tuesday by anti-terrorism judge [...]
European Nations Fund Jihad Through Ransoms
On May 11, 2012 · In Al Qaeda, France, Islamic Law, Jihad, Jihadist Groups/Individuals, Shariah Law, Spain, Terror, Terror Funding, terrorism
Money Jihad blog has another excellent and important story up about ransom payments by European nations to Jihadists, Al Qaeda in the Islamic Maghreb (AQIM) in particular. Note especially the explanation with regard to ransom payments and Shariah in the Money Jihad posting. Note also that the amount of money paid by Spain and France [...]
Just in time for the victory by socialists, facilitated at least partially by Islamist backing, Shariah-Compliant Finance has entered the real estate market in France… La Française AM has launched the first Sharia compliant OPCI – collective real estate vehicles with simplified investment rules with leverage – into the French market as part of the [...]
In the wake of the Toulouse Jihadist terror attacks, French President Nicholas Sarkozy has barred Jihadist cleric Yusuf al-Qaradawi from visiting France. This should not come as a complete surprise, since Qaradawi is already banned from Britain and the USA. But many people are not aware of Qaradawi’s background and involvement in Shariah-Compliant Finance. Qaradawi [...]
Over on Townhall.com, Daniel Mitchell has some details about how Mohammed Merah, who killed 3 French paratroops and several civilians, including schoolchildren in barbaric attacks, lived in France on the public dole. Unfortunately this seems to be typical, rather than an exception, as Mitchell points out with examples in his column. The Jihadis are using [...]
Before he was killed by crack French security forces, the Jihadist terrorist Mohammed Merah claimed that he received funding for weaponry from inside and outside France. This makes sense since he was known to have multiple Colt 1911 .45 automatic pistols, an Uzi, a Sten gun and a riot shotgun in his possession. The Uzi [...]
Typical Propaganda on Islamic Bonds from Saudi State-Controlled Media
On October 7, 2011 · In Britain, China, Creeping Shariah, Defaults, Economic Crisis, France, Germany, Hong Kong, Islamic Banking, Islamic Bonds, Islamic Finance, Islamization, Japan, Saudi Arabia, Shariah Banking, Shariah Bonds, Shariah Finance, Singapore, South Korea, SUKUK
The article linked below has to be taken with a large grain of salt since it comes from the Saudi Gazette. There is nothing even resembling a free, independent press in Saudi Arabia and the Saudi royals have a huge vested interest in promoting Shariah-Compliant Finance both in the kingdom and globally. Not surprisingly, this [...]
Bahrain-based Shariah Bank Cuts Size of Sukuk Offering as Costs Rise
On February 10, 2011 · In Bahrain, China, France, India, Islamic Banking, Islamic Bonds, Shariah Banking, Shariah Bonds, SUKUK
Bahrain’s Albaraka Banking Group reduced the size of a scheduled March sukuk (Islamic bond) offering to $250 million-$300 million from the planned $500 million, its Chief Executive Officer Adnan Ahmad Yousuf announced. The cost of borrowing through sukuk has risen since anti-government protests began in Egypt two weeks ago on concern political instability may spread [...]
Dubai to export Shariah Finance to Europe
On February 1, 2011 · In Creeping Shariah, Da'Wah, Dubai, Europe, France, Germany, Islamic Finance, Islamization, Shariah Finance
Dubai, scene of massive defaults on sukuk two years ago, is now set to export Shariah-Compliant Finance to Europe. Note that this dawah activity is run by an arm of the UAE government… Dubai’s financial services industry is fast emerging as a leading catalyst in the development of Islamic finance products and services to Europe, [...]
A Qatar Islamic Bank-led joint venture will sell Shariah-based retail banking products in France. QIB has signed a memorandum of understanding with BPCE, France’s second largest banking group, to establish a joint venture financial institution that will develop and market Shariah-based retail banking products in the European country. “We have big plans for France and [...]
Kuwaiti becomes member of French Institute of Islamic Finance
On December 18, 2009 · In Creeping Shariah, Da'Wah, France, Islamic Finance, Kuwait, Shariah Finance
Kuwaiti law researcher Mohammad Al-Kandiri has become a member of the French Institute of Islamic Finance. We post this mainly because of the troubling revelation that France even HAS an Institute of Islamic Finance… http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2046893&Language=en
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 [...]
France Adjusts Laws To Allow Islamic Banking (Audio)
On October 13, 2009 · In France, Islamic Banking, Sharia Compliant, Shariah Banking, Shariah Finance
http://www.npr.org/templates/story/story.php?storyId=113742191&ft=1&f=3
While not specifying all of the questions which need to be asked about Shariah finance, a member of the Governing Council of the European Central Bank has at least shown some skepticism about it. Christian Noyer of France pointed out that “Islamic banks” pose risks to the financial system, many of them stemming from the [...]
France seeks to lead the way in Western capitulation again
On September 27, 2009 · In France, Islamic Bonds, Islamic Finance, Islamization, Sharia Compliant, Shariah Bonds, Shariah Finance, Shariah Law, SUKUK
“France seeks to woo Islamic investments” As France debates whether to ban the burqa, the government is leading a drive to attract billions in investment from Muslim countries by turning Paris into the European capital of Islamic finance. The French parliament this month has approved changes to legislation to allow Islamic “sukuk” bonds to be [...]
Islamic Finance comes to France; Promoters Worry About “Prejudice”
On September 9, 2009 · In Creeping Shariah, Europe, European Union, France, Islam, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Finance, Islamic Law, Islamization, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Bonds, Shariah Finance, Shariah Law, stealth jihad, SUKUK
Islamic finance is making its way into France, but its promoters worry that retail establishments for Shariah-Compliant banking and finance will be inhibited by “prejudice” against Islam. Prejudice against Islam has NOTHING to do with opposition to Shariah-Compliant Finance. The problem is SHARIAH itself. Shariah is a barbaric doctrine which is inherently damaging to human [...]
Olivier Guitta of the Foundation for the Defense of Democracies has written a sobering piece for the Middle East Times about the spread of Shariah. He gives summaries of developments in Pakistan, Italy, France, Great Britain and Switzerland, with a particular emphasis on family law and the rights of women. Of particular interest was this [...]
03 December 2008 Paris: The second edition of the French Islamic Finance Forum that took place in Paris on November 26th, welcomed some of the foremost sharia scholars in the world, highlighting the necessity to set up a genuine French-speaking sharia committee to advise on sharia-compliant operations in this region. ACERFI, a non for-profit [...]
FINANCE: ISLAMIC BANKS IN FRANCE FROM 2009 (ANSAmed) – PARIS, NOVEMBER 27 – From next year Islamic banks conforming to sharia law, could be part of the panorama of the French banking system. Economy Minister Christine Lagarde said at the opening of the second French forum of Islamic finance that she had decided to “make [...]
hat tip-Christopher H French Official Scoffs at Idea of Negotiating With Iran Newsmax.com Friday, October 10, 2008 12:31 PM By: Kenneth R. Timmerman Barack Obama can talk about negotiating with Iran until he’s blue in the face, but a top French official who has been there and done that contends that any efforts by a [...]
Iran car maker says French politics hampering ventures Agence France-Presse – 09 October, 2008 The chairman of Iran’s biggest car maker accused France of “inappropriate policies”, which he said are hampering joint ventures in a country where French manufacturers have a 40 to 50 percent market share. France is Iran’s biggest trading partner but [...]
Manual outlines Muslim radicalization in prisons By ELAINE GANLEY Associated Press Writer Article Launched: 10/01/2008 02:24:20 PM MDT PARIS—Security officials from several European countries have developed a manual to help prison authorities prevent their jailhouses from becoming incubators for Muslim extremists.The manual, developed by France, Germany and Austria, includes signs that may indicate that [...]
Jailhouse jihad hat tip-OSINT Fears that terrorism is breeding in French prisons HOME to Europe’s biggest Muslim population and a robust counter-terrorism system, France has long kept a keen watch on Islamic radicalism. In recent years it has been spared big bombings of the kind seen in London and Madrid. But France is no stranger [...]
Air France – KLM to increase capacity to the Middle East and Africa for winter season 13/9/2008 Air France announced an increase in capacity by 2.2% on the Africa network, adding a flight to each of Kinshasa (4/7), Niamey (4/7) and Ouagadougou (7/7) and putting into service a larger aircraft on the Bangui route (A340-300). [...]
Jewish youths attacked in Paris (Will they just be called “Hooligans” as the previous French gov. used to do, and say it was due to lack of employment and assimilation?-comments by Allyson Rowen Taylor) http://www.jewishjournal.com/images/photos/NW_CRD_paris2_10-15-04.jpg Three boys suffer facial fractures after being assaulted on street by Muslim group wielding stones, brass knuckles. French [...]
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