Shariah Comes to Ireland Via the Financial World
On November 21, 2012 · In Creeping Shariah, IRELAND, Islamic Finance, Islamization, Malaysia, Shariah Finance
The financial jihad has come to Ireland, something that will not come as a surprise to regular readers of SFW. Still, the ascent of Shariah in Western Europe via Shariah-Compliant Finance is something to which we must never grow accustomed. It is truly the modern day Trojan horse… Islamic finance company Amanie Advisors is to [...]
Ireland’s Electricity Supply Board, the largest utility in Ireland–and one that was set up by an Act of the Irish government–is considering issuing a Sukuk (a Shariah-compliant bond). This is no doubt designed to attract petrodollars from the Middle East, which increasingly requires Shariah-compliance, something that was not the case less than a generation ago. [...]
Irish Attorney: “Financial shock would never have happened under shariah”
On May 21, 2012 · In "Ethical Investment", Defaults, IRELAND, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Finance, Islamic Law, Islamization, Shariah Banking, Shariah Bonds, Shariah Finance, Shariah Law, SUKUK, Uncategorized
Every once in a while we come across a story that is really outrageous. Some or outrageous because they are inaccurate. Others are outrageous because they are simply offensive. Today we bring to you an article from John King, an attorney with one of Ireland’s most prominent law firms, in which he makes the case [...]
Goldman Sachs Lies Down With Dogs and Gets Fleas
On January 31, 2012 · In Goldman Sachs, IRELAND, Islamic Bonds, Islamic Finance, Shariah Boards, Shariah Bonds, Shariah Finance, SUKUK
Last September, Goldman Sachs announced that it was going to issue a $2 billion sukuk. The investment banking giant dutifully employed a Shariah advisory firm, Dar Al-Istithmar Limited, and went about the business of putting together the financing arrangement. There was just one problem. Goldman Sachs made one mistake: they trusted the financial jihadis. To make [...]
Ireland has launched a misguided campaign to become the home of Shariah-compliant finance in Europe in an effort to rebuild its financial services sector. The Irish who are behind this move have no idea what they are inviting into their nation. In one generation, Ireland will no longer be recognizable under the yoke of Islamization. The country [...]
Pakistani Shariah Bank To Enter Canada, Ireland and UK
On April 13, 2011 · In Canada, IRELAND, Islamic Banking, Pakistan, Shariah Banking, United Kingdom, Usmani
MCB Bank Ltd has planned to extend its branch network within Pakistan and in foreign countries. MCB management has decided to launch its operation in Canada, Ireland and UK to facilitate millions of expatriate Pakistanis and potential foreign investors and businessmen. http://www.dailytimes.com.pk/default.asp?page=2011%5C04%5C12%5Cstory_12-4-2011_pg5_7 Note that MCB Bank’s Islamic Banking Division’s Shariah advisory is under the control [...]
The Irish Minister of Finance is set to introduce a bill to accommodate the principles of Shariah Law in a bid to attract business from the Islamic world. That business will come with an incredibly high price, as the poor people of Ireland will find out in the years to come… http://www.irishtimes.com/newspaper/finance/2010/0204/1224263733234.html?
Promoters of Shariah-Compliant loans and mortgages often misleadingly refer to their products as “interest-free.” This label implies that the lenders do not charge for their loans. This is of course not the case. As we have reported here on SFW several times, Shariah-compliant loans may not charge interest, but they are by no means free. [...]
$25m funding for Blue Ocean CIARÁN HANCOCK, Business Affairs Correspondent DUBLIN-BASED maritime communications group Blue Ocean Wireless has secured access to debt funding of $25 million (€17 million) from Bank of London and The Middle East plc (BLME), a Sharia’a-compliant wholesale bank based in the City of London. This is thought to be the [...]
The Chancellor Guide to the Legal and Shari’a Aspects of Islamic Finance Last update: 12:00 a.m. EDT Sept. 8, 2008 http://dinarstandard.com/images/IFinUS.jpg and growing!!!!!!!!!!!!!! DUBLIN, Ireland, Sep 08, 2008 (BUSINESS WIRE) — Research and Markets ( http://www.researchandmarkets.com/research/061a47/the_chancellor_gui) has announced the addition of the “The Chancellor Guide to the Legal and Shari’a Aspects of Islamic Finance” [...]
As the Dubai-based property developer shuts its doors in Ireland, Google technology reveals that the Irish have been recently shown keen interest in Damac Properties. Damac properties, which predicted in February this year that it would book around $150m in sales in Ireland this year, closed its Dublin doors last week, reports the Times. The [...]
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