In Nigeria, a bank offering “interest-free” loans to poor farmers back in 2009 in conjunction with a Shariah court judge, is now under investigation for fraud. Readers may want to take note that Nigeria is being wracked by a violent jihad these days: http://vinienco.com/2012/11/26/twelve-christian-pastors-killed-muslims-nigeria/ http://vinienco.com/2012/11/26/muslim-suicide-bombers-kill-eleven-christians-attending-sunday-church-service-nigeria/ As has so often been the case, violent jihad is [...]
Nigeria is a country that has been wracked by violence from Boko Haram Islamic terrorists. They have been particularly brutal in their attacks on Christian worshippers in churches on Christian holy days, such as Christmas and Easter. Now the financial jihad has come to Nigeria. At a zakat seminar (NOTE: zakat is used to fund [...]
Al Qaeda turns to hostage taking across Africa to raise revenue
On March 31, 2012 · In Al Qaeda, Algeria, Jihad, Jihadist Groups/Individuals, Nigeria, Terror, Terror Funding, terrorism, Tunisia
After years of limiting its kidnap operations to Mali, Niger, Mauritania, and occasionally Algeria and southern Tunisia, it would seem that al-Qaeda, through its Maghreb branch al-Qaeda in the Islamic Maghreb (AQIM) is currently attempting to expand its profitable “kidnapping trade” to other countries to locate new sources of funding. According to Algerian authorities, kidnapping [...]
Promoters of Shariah Compliant Finance have often exaggerated and even fabricated the benefits of Shariah-Compliant Finance. They have declared it “ethical” despite all of the sukuk defaults, the zakat money finding its way into terrorist hands and the large shariah-compliant financial institutions that have even been sanctioned due to their ties to terrorism. Sometimes, the [...]
Emotions are running very high in Nigeria and the issue of the country’s central bank governor insisting on introducing Shariah-compliant banking is front and center in a clash of civilizations within the African nation… At a time when the Nigerian polity is on fire and the Islamic radicalism is the celebrity of death, one wonders [...]
Each new day brings another story over the seeming clash of civilizations in Nigeria. Though it has not been reported separately and is not the primary subject of the article linked below, evidently, an organization calling itself the Supreme Council for Sharia in Nigeria has threatened to start a war if Nigeria does not adopt [...]
We’ve been watching developments in Nigeria closely as of late. Lamido Sanusi is that country’s central bank governor and, unfortunately, he is also a Shariah scholar of sorts. As we have reported previously, he is pushing hard for Nigeria to embrace Shariah-compliant finance and has pulled all sorts of strings to facilitate it. This has made [...]
Here is the latest development in the saga involving creeping Shariah and the effort to impose Shariah finance in Nigeria. If you recall, previously we reported on how the central bank chief in Nigeria is attempting to circumvent regulations to allow Shariah finance to gain a foothold in the west African nation. Then came reports [...]
Readers of SFW may notice that we have devoted several posts in recent weeks to Nigeria. The chief of the central bank in Nigeria, Mallam Sanusi, is an unapologetic financial jihadist and describes himself as a “shariah scholar.” He has been pushing hard for Shariah banking and finance in Nigeria, so hard in fact, that he [...]
Mallam Sanusi, the Shariah scholar who also unfortunately chairs the central bank of Nigeria and is championing Shariah Banking in that African nation, claims that Al Qaeda attempted to open a Shariah-Compliant bank in Nigeria in the 1990s but was turned down because it could not meet the licensing requirement. This claim is remarkable and [...]
Lately we’ve been watching the story of how Shariah Banking has begun to infiltrate Nigeria by bypassing the political process there and winning special regulatory concessions that conventional banks don’t enjoy. Now we offer an article that identifies the personality behind the financial Jihad in Nigeria, Lamido Sanusi, “a Shariah/Arabic scholar,” who heads Nigeria’s central bank [...]
The approval given by the Central Bank of Nigeria (CBN) for the operation of Islamic banking in the country is generating disquiet in the polity. Reasons for this are not difficult to fathom. The apex bank, apparently unimpressed by reservations expressed on the initiative in some quarters, last week, announced its approval in principle of [...]
Note the typical tactic on the part of the financial jihadists to claim–falsely–that Shariah compliance is protection against economic and financial dislocation… CBN Governor, Mallam Sanusi Lamido Sanusi, and indeed other Islamic financial experts have touted NIB as the panacea for the ills of the overly capitalist driven financial systems of the world in the [...]
The Central Bank of Nigeria, CBN, yesterday announced minimum capital base requirements for Islamic banks. Critics faulted the central bank on the introduction of Shariah banking, pointing out that Nigeria is a secular state and the CBN Act does not empower the central bank to introduce Shariah banking. Faulting the central bank on the introduction [...]
Egypt delays sukuk as financial jihad comes to South Africa and elsewhere
On April 12, 2011 · In Creeping Shariah, Egypt, Islamic Banking, Islamic Bonds, Islamic Finance, Islamic Financial Services Board, Kenya, Malaysia, Nigeria, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Bonds, Shariah Finance, South Africa, SUKUK
The political unrest in Egypt has forced that country to delay setting up the structure for sukuk (Islamic) issuance, but the financial jihad is moving into Nigeria, Kenya and, most ominously, South Africa. The delay in Egypt will no doubt be short-lived, given the growing influence of the Muslim Brotherhood in the political power structure [...]
Nigeria, a country wracked by Jihadist violence in recent years, is poised as a growth market for the financial jihad. The West African nation plans to license at least two Shariah-Compliant financial institutions this year. In addition, three non-Islamic banks have expressed interest in opening Shariah-compliant “windows.” Nigeria also signed an agreement with Malaysia’s central [...]
Northwest Airlines bombing suspect Umar Farouk Abdulmutallab, the 23-year-old son of a wealthy Nigerian banker, became so politically extreme his own father reported him to U.S. authorities. http://abcnews.go.com/Blotter/abdulmuttallab-bankers-son-turned-muslim-radical/story?id=9426890
Nigeria has been periodically racked with Jihadist violence and the stated goal of Jihadist terrorists there is the imposition of Shariah law. Now, it appears that one of the chief proponents of Shariah in Nigeria, Alhaji Attahiru Bafarawa, the former governor of the Nigerian state of Sokoto, has been accused of stealing a large sum [...]
The Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has said that Islamic and non- interest banks must adhere to effective risk management if they must operate in the country as alternative financial institutions. The Governor, who acknowledged that the non-interest financial industry is beginning to take root in Nigeria said the [...]
Linked below is an article from Nigeria, a west African nation racked by violence associated with Jihadists attempting to impose Shariah. While their violent efforts to impose Shariah have been unsuccessful and have been met with equal violence, the Jihadists have been more successful in using Shariah-Compliant Finance as a Trojan horse. In the particular [...]
Over the past few months, the government of Nigeria has battled Jihadist insurgents of the Darul Islam sect who sought to impose Shariah in the areas on western Nigeria in which they operated. Even though the government has successfully battled Darul Islam, other Islamist elements in Nigeria are allowing a Trojan Horse to enter Nigeria’s [...]
Shariah-Compliant Finance has been described as a Trojan Horse for for broader Shariah infiltration around the world. This is certainly true of Africa, where Shariah is on the march through armed Jihad in Somalia and parts of Nigeria. The just as dangerous, but harder to detect dawah method of Shariah-Compliant Finance, on the other hand, [...]
In northern Nigeria there are “Shariah Police” tasked with making sure that everyone and everything is “Shariah-Compliant.” These are their words, not ours. This is the same doctrine that the Jihadists are attempting to infiltrate into our society and culture through our financial back door–using the same terminology (Shariah-Compliant). The report from the BBC: Shariah [...]
Removing Obstacles to Shariah Implementation Daily Trust (Abuja) OPINION 16 October 2008 Posted to the web 17 October 2008 By Sani Adamu The Islamic legal system, Shariah, was reintroduced in the country when former Governor Ahmed Yarima adopted it in Zamfara State in 1999. Subsequently, 10 other states in the North embraced the system in [...]
By Inter Press Service Friday, October 17, 2008 Listen to the Article Amina Koki Gizo Inter Press Service KANO: “I don’t sell cocaine,” says the video vendor in Kano’s Rimi market when I ask for Adam Zango’s music video CD Bahaushiya. He is not referring to the white powder, but [...]
Homosexuals must die – Muslim cleric By Paul Omo Obadan Sunday, October 5, 2008 Furious over what seems a bourgeoning community of homosexuals in Nigeria, a Muslim cleric, Professor Is-haq Akintola, has suggested capital punishment for the practice, with recourse to the Holy Qu’ran, which he says prescribes death penalty. “Homosexuality is a [...]
Fighting Shariah, One woman at a time! Hauwa Yahaya-Sani, after attending a sensitisation workshop on the United Nations Convention on the Elimination of All Forms of Discrimination Against Women contends that domestic rape, pegging marriageable age at 17, religion and socio-cultural practices are the major impediments to its full domestication [...]
Man with 86 wives:Fatwa pronounced on him unconstitutional — Lawyers Written by ISE OLUWA IGE Sunday, 21 September 2008 Ask AGF Andoakaa, Niger governor toe speak up FEW days ago, the highest Islamic body in Northern Nigeria, Jama’tu Nasril Islam (JNI) pronounced a Fatwa on one of its own, Alhaji Bello Abubakar Masaba, [...]
Man with 86 wives appeals death sentence Written by Ise-Oluwa Ige Friday, 19 September 2008 Alhaji Bello Masaba, the man who says he has 86 wives, has invoked the original jurisdiction of the Federal high court sitting in Abuja seeking its order nullifying the death sentence (Fatwa) passed on him by the highest Islamic [...]
Mon 15 Sep 2008, 23:27 GMT nigeriaworld.com/…/muslim-women-300.jpg ABUJA, Sept 15 (Reuters Life!) – A Nigerian Muslim court on Monday detained an 84-yeaR old Islamic preacher with 86 wives after he failed to heed a call by local leaders to divorce all but four of them. The authorities in central Niger state charged Mohammed Bello [...]
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