Feds Move to Seize Alavi Assets, Aiming at Iran, Bank Melli (World’s Number 1 Shariah-Compliant Bank)
Yesterday the US attorney’s office in Manhattan moved to seize assets of a non-profit foundation tied to Iran. Among those assets are four mosques in New York, California, Maryland and Texas, 100 acres of land in Virginia and a 36-story building at 650 5th Avenue in Manhattan. Much of this activity centers around the ties [...]
This gives a whole new meaning to the term “Islamic finance…” Islamic nonprofit paid for Rep. Ellison’s pilgrimage to Mecca Tax records show the group that paid Ellison’s expenses, the Muslim American Society of Minnesota, received nearly $900,000 in taxpayer money in 2006 and 2007… http://www.startribune.com/politics/national/house/51361722.html?elr=KArksi8cyaiUqCP:iUiD3aPc:_Yyc:aU7DYaGEP7vDEh7P:DiUs
Qaradawi funds HAMAS through charity: report
Regular readers of SFW are no doubt familiar with Sheikh Yusuf al-Qaradawi. He has frequently been the subject of posts here on our site: http://www.shariahfinancewatch.org/blog/category/qaradawi/ Qaradawi has many items on his resume’ worth noting: • Founder of IslamOnline • Shariah advisor to several international financial institutions, including Bank Al Taqwa, which was shut down several [...]
Islamic Development Bank could raise $500m bond (sukuk)
The Jeddah, Saudi Arabia-based Islamic Development bank will soon issue a $500 million sukuk or Islamic bond issue. This is rather controversial in Shariah Finance circles since Mufti Taqi Usmani issued an opinion last year declaring that most such instruments are in fact NOT Shariah-compliant and are unislamic. That opinion, along with the world economic [...]
CAIR asks US leaders to address “growing Islamophobia”
The Council on American Islamic Relations (CAIR) issued a press release late yesterday calling on U.S. leaders to address what the organization says is “growing Islamophobia” in the U.S. At the end of the release, CAIR lists a host of links to several alleged instances of “Islamophobia,” as well as a bunch of other links [...]
“For instance, in the United States, rules on charitable giving have made it harder for Muslims to fulfill their religious obligation. That is why I am committed to working with American Muslims to ensure that they can fulfill zakat.” President Barack Hussein Obama We’re still shaking our heads in disgust over Obama’s pledge to ease the [...]
This week, CNN and Money magazine ran an article focusing on the role of faith in the personal finances of certain families. In the article which they published which deals with a Muslim family, we have discovered a whole slew of questions with regard to matters outside of personal finance which, not surprisingly, the lapdogs [...]
Reuters has a revealing article this morning which characterizes the spread of Shariah-Compliant Finance through quasi-official bodies headed by tyrannical regimes in Islamic nations. I’ll provide a quote that explains the gist of the article before I embark upon a deconstruction of the organization it came from: “Central banks are increasingly realizing they have to [...]
Andrew McCarthy is an American hero. He was going after Jihadists and putting them in prisons for years before most of us were even paying attention to the Jihadist threat. Now, he explains that the threat is much more comprehensive than just terrorism and he explains why that is so dangerous…via the good folks at [...]
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