Thirty people will be tried in Iran in a $2.8 billion bank fraud case. Iran affirms that all of its banks are Shariah-compliant. So much for “ethical investing.” http://en.trend.az/regions/iran/1986097.html
Perhaps if the UAE hadn’t looked the other way on so many dual-use imports into Iran for years and years, they wouldn’t be under so much pressure today. With the imposition of the latest international economic sanctions against Iran and the UAE being under pressure from Washington to enforce them, Tehran’s trade ties with the [...]
The U.S. Department of State has authorized a reward of up to $10 million for information leading to the location of Ezedin Abdel Aziz Khalil, better known as Yasin al-Suri. Al-Suri is a senior al-Qaida facilitator and financier based in Iran. Operating under an agreement between al-Qaida and the Iranian Government, al-Suri moves money and [...]
Hezbollah is often referred to as the “A” team of terrorist organizations, with capabilities, support and financing unsurpassed in the world of jihad. In fact, many analysts in the US military, intelligence and law enforcement communities worry more about Hezbollah than they do about Al Qaeda. It has been known for decades that Hezbollah works [...]
The International Islamic Liquidity Management Corporation, a cooperative institution set up by the Islamic Financial Services Board and supported by ten Islamic nation central banks, is set to issue an Islamic bond in the next six months. The ILMC’s main objective is to develop short-term financial instruments to enable financial institutions to maintain liquidity in [...]
Iran to issue $5 billion in Islamic bonds for South Pars oil and gas project
On November 25, 2011 · In Al Qaeda, Hamas, Hezbollah, Iran, Islamic Bonds, Islamic Law, Shariah Bonds, SUKUK, Terror Funding
Iran, the world’s foremost state sponsor of Jihadist terrorism and a country that is building nuclear weapons in defiance of United Nations resolutions, is set to issue $5 billion in sukuk (Islamic bonds) to finance its huge South Pars offshore oil and gas field. Five billion dollars in bonds will be issued in the current [...]
US and international sanctions against Iran have long been regarded as something of a joke by many observers. The idea that the US has had tough, tight economic sanctions against Iran has largely been a myth for years. The latest illustration of America’s leaky sanctions against the world’s foremost sponsor of Jihadist terrorism and proliferator [...]
The Washington Times has published an op ed that points out that the US and the West have done a lousy job of enforcing sanctions already in place against Iran. Among the sanctions already imposed are restrictions against doing business with Bank Melli and Bank Sepah, two of the largest Shariah-compliant financial institutions in the [...]
Over the years, Iranian leaders have criticized capitalism and called for a worldwide economic and financial system based on Islam. Now, Iran’s Supreme Leader, Ayatollah Ali Khamenei, who holds the real power in Iran, has taken common cause with the grungy Occupy Wall Street protesters, claiming that they will bring down American capitalism… Supreme Leader [...]
14 More Arrested in Iranian Bank Fraud Case
On October 12, 2011 · In Ahmadinejad, Investment Scams, Investment Swindles, Iran, Islamic Banking, Shariah Banking
In recent weeks, we’ve been following the story of the bank fraud scandal that could embroil Iran’s president. This is a significant scandal for those of us who follow Shariah Banking because Iran reports that all of the banks within its borders are Shariah compliant. The financial jihadists have been selling Shariah compliance to the [...]
Last week we posted a link to an article about a brewing banking scandal in which Iranian President Ahmadinejad has been implicated… http://www.shariahfinancewatch.org/blog/2011/10/06/huge-financial-scam-weakens-irans-ahmadinejad/ CNN has an article with some additional details that we did not see covered elsewhere: A commission of the Majlis have decided to order an investigation of Ahmadinejad’s office to look further [...]
Huge financial scam weakens Iran’s Ahmadinejad
On October 6, 2011 · In Ahmadinejad, Investment Scams, Investment Swindles, Iran, Islamic Banking, Islamic Finance, Shariah Banking, Shariah Finance
According to the authoritative British periodical The Banker, Iran dominates the world of Shariah-Compliant Finance. The two largest Shariah-Compliant financial institutions in the world are Iranian state-controlled banks. Moreover, according to The Banker, Iran is the only nation on earth that claims that 100% of the financial assets in its banks and other institutions [...]
An Iranian businessman, Amir-Mansour Aria, has been accused of defrauding the world’s second largest Shariah-compliant bank out of $2.6 billion. SFW readers may recall us mentioning the bank, Bank Saderat, from time to time: http://www.shariahfinancewatch.org/blog/2009/08/12/shariah-compliant-finance-helps-terrorist-banks-in-iran/ Bank Saderat is second only to Iran’s Bank Melli on the list of largest Shariah-compliant financial institutions in the world. Iranian [...]
Al Qaeda’s Financial Ties to Iran Exposed
On August 8, 2011 · In Al Qaeda, Iran, Islamic charities, Jihad, Jihadist Groups/Individuals, Kuwait, Terror, Terror Funding, terrorism, Zakat
During the 2008 presidential campaign, the Obama campaign belittled Senator John McCain for alleging ties between Iran (which is Shiite-ruled) and Al Qaeda (which is a Salafist Sunni organization). At the time, your SFW editor wrote an article for National Review on the subject: http://www.nationalreview.com/articles/223992/iranian-entanglements/christopher-w-holton Now, more than three years later, Obama’s US Treasury Department [...]
It is far from comforting when a supposed “ally” in the war on terror (Pakistan) sends its president to go visit the world’s foremost state sponsor of Jihadist terrorism (Iran) and he suggests that the two countries forge closer economic ties…This is especially disturbing given that Pakistan already produces nuclear weapons and Iran desires them… [...]
…intelligence reports show Hezbollah has been financing training camps and propaganda operations in South America, according to U.S. officials. Their biggest boost came from an agreement signed in 2007 between Venezuelan President Chavez and Iranian President Mahmoud Ahmadinejad. The two leaders agreed to use part of a joint $2 billion investment fund to thwart what [...]
From time to time, we here at SFW have been critical of The Economist. In the past The Economist has run what amount to advertorials for Shariah-Compliant Finance and even their more balanced articles have ignored the real concerns surrounding Shariah Finance. Then there was the time that The Economist lashed out at those Americans [...]
The ministry plans to issue Islamic Sukuk bonds made available for the first time for the littoral Persian Gulf states and Middle East countries, Mehr news agency quoted deputy oil minister Mohsen Khojasteh-Mehr as saying. http://www.tehrantimes.com/index_View.asp?code=241365
Not long ago, the Islamic Financial Services Board (IFSB) was holding a summit in Tehran, Iran, which certainly indicates where that body stands on the issues of Jihad, state sponsorship of terrorism and nuclear proliferation. Now, in May, the IFSB will hold a summit in NATO/EU member Luxembourg. At this point we should refer to [...]
Just weeks on he heels of President Obama’s visit to Rio De Janeiro during which he pledged to become Brazil’s best customer for its offshore oil and gas business, Brazil and Iran have taken steps for closer trade ties. This is not a huge surprise, since the Brazilian oil giant, Petrobas, which counts Obama friend George [...]
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 [...]
Iranian President Mahmoud Ahmadinejad has highlighted the importance of naming the current Iranian calendar year as “The Year of Economic Jihad.” Ahmadinejad said on Sunday that economic jihad should be realized in every aspect of all Iranian’s lives, the president’s official website reported. SFW readers may recall that in November of 2009, Ahmadinejad addressed the [...]
One of the dirty little secrets of the world of Shariah-compliant finance is the fact that it is dominated by a rogue nation with a nuclear weapons program and a long history as the world’s foremost sponsor of Jihadist terrorism: Iran. This is something that regular readers of SFW know well: http://www.shariahfinancewatch.org/blog/2010/11/15/iran-continues-to-lead-the-world-in-shariah-compliant-finance/ Until recently, Iran [...]
Iran, the world’s foremost sponsor of Jihadist terrorism and nuclear proliferator, has announced that it will issue an Islamic bond (sukuk) to finance its oil industry, its primary revenue-generating sector. http://www.tehrantimes.com/index_View.asp?code=236895
The excellent Jonathan Schanzer explains the double-game that Egypt, a nation that receives billions of dollars of US foreign aid, is playing to enable Iranian treachery and aggression…. If you ever find yourself in downtown Tehran, it’s hard to miss the five-story-tall mural commemorating Khaled al-Islambouli, the man who assassinated Egyptian President Anwar Sadat in [...]
Iran Continues to Lead the World in Shariah-Compliant Finance
On November 15, 2010 · In Iran, Islamic Banking, Islamic Finance, Sharia Compliant, Shariah Banking, Shariah Finance, Terror Funding
The November issue of The Banker is out. This is the annual issue that surveys to world’s top “Islamic financial institutions.” And, for at least the 4th year in a row, the statistics indicate that the Islamic Republic of Iran dominates the world of Shariah-Compliant Finance. You remember Iran, don’t you? Iran is the world’s [...]
One of the dirty little secrets of Shariah-Compliant Finance is that there is currently only one country in the world that claims to have a financial system that is 100% Shariah compliant: the Islamic Republic of Iran. As we have noted on SFW in the past, according to the UK-based financial periodical The Banker, Iran [...]
If London is deemed as the foreign exchange transaction hub and New York for equities, where is the Shariah-Compliant Finance transaction hub? There isn’t one. The closest thing the Shariah Finance industry has to a hub would be Tehran, since Iran boasts over 35% of all Shariah-Compliant assets and also is home to the majority [...]
In Islamic Iran where clerics rule, unofficial “prayer sellers,” who promise to intercede with the divine to solve all manner of life’s problems, are seeing their business boom. Iran’s clerics also believe in the power of prayer but they advise people against using prayers that lack a religious basis. Magic and superstition are both illegal [...]
More Wisdom from Money Jihad Blog: Bonyads
On June 26, 2010 · In Bonyads, Iran, Islamic charities, Jihad, Terror, Terror Funding, terrorism, Zakat
Money Jihad continues to do just an outstanding job of shedding some light on the incredibly complicated and opaque world of financial jihad. This week, in their “Weekly Word” feature, they introduce readers to the prominent role that Islamic charities play in the centralized economic system fundamental to Shariah. In Iran, which is of course [...]
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