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
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 [...]
Kuwaiti Turkish Banking Firm Aims to Become First Shariah Bank in Germany
Kuwait Finance House’s Turkish operation, Kuveyt Turk, has applied for a German banking licence and aims to become the first Shariah-compliant bank in Germany. The bank says that if their German venture is successful, they will expand to other European countries. Note that the bank aims to pursue non-Muslim depositors in Germany… Kuveyt Turk aims [...]
Shariah Finance to Establish Foothold in Germany
…with the dutiful help of Ernst & Young and Norton Rose law firm… Turkey’s Kuveyt Turk investment fund, which operates under the principles of Islamic sharia law, plans to open its first German branch in October. The first branch in Germany will be opened in Frankfurt with the assistance of Ernst & Young and the [...]
It is no secret that the Jihadists seek to target the West’s economy and financial markets. Clearly, that was a main target on September 11th, 2001. Currently, there is a terrorism trial in Germany ongoing in which details have been revealed about Al Qaeda’s efforts to target Europe’s economy and financial system. The Jerusalem Post [...]
The Weekly Standard has published an article that was linked on Drudge today about German bank WestLB rolling out its Islamic Strategy Index Certificate. The value of the certificate is based on the value of the WestLB Islamic Deutschland Index, consisting of shares of ten German firms “whose business activities are consistent with the ethical rules of [...]
Typical Propaganda on Islamic Bonds from Saudi State-Controlled Media
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 [...]
The website of a federal German court has reported the details of a proposed settlement involving the German International Humanitarian Relief Organization (IHH) which had been banned for financing Hamas. http://globalmbreport.org/?p=4506
Dubai leads financial jihad into Germany
Note in the article linked below two important aspects: First, Dubai Exports makes no secret about the fact that this is MISSIONARY work, something that has been pointed out over and over by other financial jihadists and on the pages of SFW. Second, note the disturbing demographic numbers for Germany supplied in the article as [...]
Germany is resisting international pressure to freeze the activities of an Iranian-owned bank based in Hamburg that U.S. officials say provides the financial lifeblood for some of Iran’s blacklisted companies. U.S. and European Union officials in recent months have stepped up pressure on Germany to close down the European-Iranian Trade Bank AG—including a Feb. 2 [...]
Dubai to export Shariah Finance to Europe
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, [...]
As we reported here on October 27th and November 2nd of 2009, the first Shariah-Compliant bank will soon open in Germany. http://www.shariahfinancewatch.org/blog/category/germany/ Germany’s first Islamic bank, a unit of Kuveyt Turk Bank of Turkey, is to open its doors in early 2010 in the southern city of Mannheim by the end of March. Germany has [...]
Germany seeks Islamic finance
Germany wants to establish itself as a market for financial products that conform with Islamic law, the head of German financial regulator has said. “We are seeing great interest from investors in Islamic countries, who want to invest their money in Germany according to shariah principles,” BaFin president Jochen Sanio said at a conference on [...]
Shariah Banking Comes to Germany
There are four million Muslims living in Germany. They eat, drink and pray in accordance with the precepts of the Prophet Muhammad. But when it comes to monetary transactions, the principles of the Koran have played hardly any role in Germany. That is about to change. Early next year, the first Islamic bank in Germany [...]
A German publishing house has decided not to print a novel about an honor killing out of fear it could be read as an insult to Muslims. Duesseldorf-based publishing house Droste said Tuesday it had canceled the printing of a murder mystery because it contained anti-Islam passages that may have caused a backlash. Droste took [...]
Halal meat preparation is becoming an issue in Germany. Note that Shariah authorities are not even in agreement on the requirements. One thing that is merely brushed over in this article is the fact that one poultry producer in Germany has had its products “certified” as Halal for years, but they have sometimes been reluctant [...]
Many of the articles that come out of the financial press and the mainstream media regarding Shariah-Compliant Finance (euphemistically called “Islamic Finance”) ignore the most controversial and troubling aspects of the entire movement. The article linked below originating from the German media is no exception. It focuses on the “controversy” over sukuk, or Islamic bonds, [...]
We often hear from skeptics that there is no way that Shariah will ever become a part of our culture, society, economy and legal system. But it is already happening in Europe where the UK is incorporating Shariah into its legal system and now it is also happening in Germany. And lest you think it [...]
Partnership with HSH Nordbank offers new model as experts look to Sharia principles to free stalled global liquidity
i32.photobucket.com/…/NoMosqueNoMinaret.jpg Many Germans think that mosques which are bigger than churches are a provocation. This according to a debate which has started up again, after authorities gave their permission to the building of one of Europe’s largest mosques in the city of Cologne. While Cologne’s conservative mayor, Fritz Schramma, strongly defends the buildings, his own [...]
Financial Products for Muslims Capture the Market Business, Economy, Finances, Banking & Insurance Press release from: IIR Deutschland GmbH (openPR) – 1st IIR “Islamic Finance & Real Estate Forum” on 4th and 5th November 2008 at the Hotel Hessischer Hof, Frankfurt, Germany http://images.travelnow.com/hotelimages/s/011000/011007A.jpg Frankfurt, August 2008. If Germany wants to profit from the [...]
Hat tip-Islam in Europe A shooting at an ice cream parlour in Ruesselsheim that claimed three lives possibly resulted from conflict over family honour in the city’s Turkish community, German police said Wednesday. Police said they had arrested two Turkish men aged 28 and 49 after searching several premises in the region. Police spokesman Stefan Mueller [...]
German Companies Feel the Pain in Sanctions-hit Iran16. July 2008, http://tinyurl.com/5jko2c German industrial know-how is needed by Iran but is being denied through sanctions German companies, especially hard hit by trade and economic sanctions against Iran, are worried they are losing lucrative contracts in the oil-rich region to countries such as China and Russia. Reeling [...]
06/16/2008 03:07 PM By Ursula Spuler-Stegemann The history of Islam in Germany goes back as far as the 8th century. From the reign of Charlemagne, to Goethe’s literature, to the Turkish guest workers who arrived in the 1950s and 60s and made a home here, the Muslim religion has been a part of German [...]
Horror In Hamburg By Stephen Brown FrontPageMagazine.com | Friday, May 30, 2008 Victim of an honor killing in Iran A young female form lying crumpled on a sidewalk. Blood flowing from multiple stab wounds. Police cars. Ambulances. Flashing lights. Emergency personnel working frantically to save an innocent life that had barely begun. [...]
http://www.expatica .com/de/articles /news/German- interior- minister- says-Islam -must-accept- female-equality- .html German interior minister says Islam must accept female equality 13/05/2008 00:00 Hat tip-OSINT Interior minister Wolfgang Schaeubel has told a newspaper that the emancipation of Islamic women is key to social cohesion in Germany Berlin — The German interior minister said Tuesday that the emancipation of [...]
hat tip-Margo I. Saturday, May 03, 2008 Muslim Honor Killings a Problem in Germany Correction: This article is from 2005. It’s still awful- But it is from 2005. http://gatewaypundit.blogspot.com/2008/05/germany-sees-surge-in-muslim-honor.html Hatin Surucu was one of six Muslim women murdered in a spree of honor killings by their husbands, family members or partners for besmirching the [...]
List of Major Banks dealing with Shariah Finance-tools for research
Here is a list of banks that are expanding the Islamic Shariah industry worldwide. Also, a link to the major periodicals that discuss Shariah Finance. In order to combat this rising influence on our banking industry, you must learn and understand what it is. This type of banking is a screen to infiltrate into a [...]
Khaleej Times Online >> News >> BUSINESS Commerzbank Dubai branch inaugurated as headquarters in Middle East BY A STAFF REPORTER 10 January 2008 DUBAI — Commerzbank AG Dubai branch has been formally inaugurated as the Middle Eastern headquarters for Commerzbank Group, Germany’s second biggest bank. It is its 21st foreign branch, and the bank has [...]
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