Outgoing Iranian President Mahmoud Ahmadinejad was swarmed by a group of citizens protesting the loss of their savings in the Tabriz Nasr Secured Loans Fund. Local websites report that the crowd stopped the president’s vehicle and chanted slogans, demanding government intervention in their situation. The report indicates that one of the protesters was briefly “entangled” [...]
“The practices involve the use of third-country exchange houses or trading companies that are acting as money transmitters to process funds transfers through the United States in support of business with Iran,” that are not exempted or authorized, the Office of Foreign Assets Control said in an advisory. In its advisory, the Treasury Department outlined [...]
Iran is desperate to get access to foreign currencies, particularly dollars and euros, and is exploiting weak spots in the global financial system in an effort to move funds and evade economic sanctions, U.S. officials say. The Treasury Department warned U.S. banks to be vigilant in monitoring attempts by Iran to move money through currency [...]
Despite onerous sanctions that have basically shut Iran out of the global financial system, the country is still finding some ways to bypass them, the Treasury Department said Thursday, describing what it called a small but “emerging threat” to the effectiveness of the sanctions effort. Adam Szubin, director of the Treasury’s Office of Foreign Assets [...]
Up until the past couple of years, the number one export destination from Dubai was Iran. International sanctions have cut into that trade drastically and the Dubai Chamber of Commerce isn’t happy about it. It seems that Dubai doesn’t like having to make a choice between trading with the world’s foremost sponsor of Jihadist terrorism [...]
Money Jihad blog’s short list of Shariah banks that fund terrorism
On January 8, 2013 · In Al Qaeda, Bangaladesh, Blogroll, Dubai Islamic Bank, Emirates, HSBC, Iran, Islamic Banking, Islamic charities, Jihad, Jihadist Groups/Individuals, Jordan, Pakistan, Saudi Arabia, Shariah Banking, Sudan, Terror, Terror Funding, terrorism, Zakat
Money Jihad blog is one of the most invaluable web sites in existence for anyone who is concerned with how Jihadist terrorism is supported and funded. That is why we link to it so frequently here on SFW. Money Jihad’s latest work is a prime example of why we like the blog so much: they have [...]
Al Gore Sells Out to Qatar: State-Owned Al Jazeera Buys Current TV
On January 3, 2013 · In Al Jazeera, Al Qaeda, Hamas, Iran, Islam, Islamic charities, Islamic Law, Jihad, Jihadist Groups/Individuals, Lashkar e Taiba, Qaradawi, Qatar, Salafism, Shariah Law, Taliban, Terror, Terror Funding, terrorism, Wahhabism
Al Gore has sold his failing Current TV television network. The buyer is none other than Al Jazeera, the infamous Islamist television network based out of Doha, Qatar (more on Qatar very shortly). Gore released an interesting statement along with the announcement of the sale: “Current Media was built based on a few key goals: [...]
Trouble in Shariah Finance Paradise?
On December 26, 2012 · In "Ethical Investment", Ahmadinejad, Iran, Islamic Banking, Islamic Finance, Shariah Banking, Shariah Finance, The Banker
As we have reported multiple times over the years, Iran dominates the world of Shariah-compliant finance. In fact, according to the UK-based publication The Banker, Iran has more Shariah-compliant assets under management and in Shariah-compliant financial institutions than any other nation on earth. Furthermore, the top Shariah-compliant financial institutions in the world are Iranian state-controlled banks. Iran [...]
The drug trade is widely used to fund Jihad. This is especially true of Hezbollah, as this case illustrates, but the drug trade also provides extensive financing for the Taliban in Afghanistan. An Iranian man faces a sentence of life in prison after he was convicted in federal court in New York of conspiring to [...]
Iran is one of the world leaders in Shariah-compliant finance. Iran is also the world leader in Jihadist terrorism and the proliferation of weapons of mass destruction. This is, of course, no coincidence. Iran has been targeted by international economic sanctions due to its uranium enrichment program and its support for Jihadist terrorism. What many [...]
A New York federal judge who found Iran, the Taliban and Al Qaeda culpable in the 2001 terrorist attacks has approved a $6 billion default judgment against them. The order signed Wednesday by Judge George Daniels is largely symbolic, but it provides some hope the relatives of Sept. 11 victims can someday recover damages. A [...]
US anti-money laundering enforcement and regulation in chaos?
On September 25, 2012 · In HSBC, Iran, Money Laundering, Shariah Finance, Terror Funding, Uncategorized
The article linked below paints a disturbing picture of the status of the US government’s efforts to combat money laundering, especially where it applies to Iran, the world’s foremost state sponsor of Jihadist terrorism. Note in the article that it is mentioned that Stuart Levey, the former Treasury Department official charged with counterterrorism duties, is [...]
While this is not strictly directly related to Shariah Finance, we do find it rather curious. Perhaps the Iranian hackers do not realize that big Western banks like these have played a large role in facilitating Shariah-compliant finance in the West? Because they are actually targeting allies here in one sense…Note however, that the Iranians [...]
Yesterday we reported that a bonyad charitable foundation in Iran had increased its bounty on author Salman Rushdie’s head by $500,000 from $2.8 million to $3.3 million. Today comes the news that the Ayatollah that heads that charity has tied the fatwa on Rushdie to the latest episode in the Islamic world involving a film [...]
Iranian TV: Shariah banking grows strong in Indonesia
On September 11, 2012 · In Indonesia, Indonesia Sharia Banking, Iran, Islamic Banking, Shariah Banking
It is no secret that Shariah banking is a growth industry in Islamic-dominated countries like Indonesia, the world’s most populous Muslim nation. And it is also no secret that the Shariah Finance and Banking industries have been hamstrung by a lack of qualified personnel–everything from a shortage of Shariah scholars to a shortage of rank [...]
Mastercard: The Credit Card of the Ayatollahs
On August 30, 2012 · In Interest, Iran, Islamic Banking, Islamic Finance, Islamic Law, Shariah Banking, Shariah Finance, Usury
According to Shariah scholars, Shariah-compliant Muslims are not supposed to pay or receive interest. Nevertheless, many Muslims around the world have credit cards. The Shariah-observant Muslims get around the ban on interest by paying off their balances every month so as not to incur interest charges. But a lot of Muslims use credit cards just [...]
“Ethical Investing” from Countries Overrun With Corruption?
On August 30, 2012 · In "Ethical Investment", Countries, Egypt, Indonesia, Iran, Iraq, Islam, Islamic Finance, Lebanon, Libya, Malaysia, Pakistan, Saudi Arabia, Sharia Compliant, Shariah Finance, Somalia, Sudan, Syria, Yemen
Transparency.org has publishes a Corruption Perceptions Index that rates the level of corruption in the world’s nations. The most recent year for which there is data is 2011. The results are instructive for observers of Shariah Compliant Finance. Shariah-Compliant Finance is often touted by the financial jihadists as “ethical” investment. There are a variety of [...]
Recently we reported that Standard Chartered bank had been fined hundreds of millions of dollars for conducting transactions with Iran, the world’s foremost sponsor of Jihadist terrorism: http://www.shariahfinancewatch.org/blog/2012/08/13/standard-chartered-bank-helped-iran-hide-transactions-in-defiance-of-us-sanctions/ Standard Chartered’s Iranian affairs are doubly worrisome given the bank’s leadership role in promoting Shariah-Compliant Finance in the West. No patriotic American should have anything to do [...]
First it was HSBC, which was fined $1 billion for knowingly looking the other way on transactions involving Iran. Then it was Standard Chartered, which was fined $340 million. Now it’s Deutsche Bank’s turn. Can we now say that the Shariah Finance promoters COMMONLY do business with terrorist regimes in violation of US sanctions? And [...]
First it was HSBC, now it’s Standard Chartered too. Both big banks did business with the world’s foremost sponsor of Jihadist terrorism in violation of US sanctions. There is something else that both of these banks have in common: they are both extremely active in promoting Shariah-Compliant Finance in the West. Shariah Finance Watch has [...]
Americans are all-too familiar with the fact that Wall Street has fully embraced Shariah-Compliant Finance. The so-called titans of the financial world have prostituted themselves and their companies in attempts to gain access to petrodollars in the hands of individuals, governments and institutions that adhere to a doctrine that is diametrically opposed to everything American [...]
As U.S. senators digest a sharply critical committee report confirming massive international money laundering by global banking giant HSBC, the Internal Revenue Service is acknowledging receipt of a whistleblower claim from a former employee of the bank who presented 1,000 pages of evidence to WND six months ago, after local and federal authorities ignored him. A series [...]
Regular readers of SFW know that we are no fans of HSBC. After all, HSBC has been at the forefront of the financial jihad to facilitate Shariah-compliant finance on a global scale. Moreover, HSBC employed the Jihadist monster Mufti Taqi Usmani as the chair of their Shariah Advisory Board. Then, when the heat over that [...]
The excellent organization United Against Nuclear Iran issued a report just before the Independence Day holiday on the role of Lebanese banks in providing funding for Hezbollah… UANI Reveals Lebanese State-Sponsored Iran/Hizballah Money Laundering Scheme that Fraudulently Supports Lebanon’s Sovereign Debt Market, Calls for Bondholder Divestment UANI Investigation Uncovers Scheme to Artificially Support Lebanon’s Sovereign [...]
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. [...]
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/
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 [...]
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
US Treasury Claims Sanctions Hitting Al Qaeda Hard
On May 11, 2012 · In Al Qaeda, Iran, Islamic charities, Jihad, Jihadist Groups/Individuals, Obama, Sanctions, Terror Funding, USA, Zakat
The US Treasury claims that its targeted sanctions program is hitting Al Qaeda and rogue nations, such as Iran, hard. We’ve no doubt that Iran, the world’s most active state sponsor of terrorism, has been substantially effected by sanctions and we would concede that Al Qaeda has no doubt been impacted in some way. But [...]
We have covered HSBC frequently here on SFW, but Forbes and Reuters have just broken a story that paints a picture of HSBC as a financial institution out of control when it comes to vigilance against money laundering. We first reported on HSBC’s deplorable money laundering policies almost a year ago when it was announced [...]
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