The involvement of wealthy Saudis and Saudi charities in funding Al Qaeda and other Jihadist terrorist organizations has been extensively documented for years, including by the US Treasury Department. One such individual is Soliman al-Buthe, who is currently a Saudi government official and previously started a charity here in the United States in Oregon that has [...]
Standard & Poor’s, one of the most prominent names in the Western financial world has formed an alliance with the world’s most prominent Wahhabi Islamic supremicist organization to establish a new Shariah-compliant investment index. The new S&P COMCEC 50 Sharia Index has been established in partnership with the Organization of Islamic Cooperation (OIC), an organization [...]
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
Islamic Development Bank proposes “Mega Islamic Bank”
On April 24, 2012 · In Creeping Shariah, Da'Wah, Islamic Banking, Islamic Development Bank, Islamization, OIC, Shariah Banking
The Islamic Development Bank (IDB), the financial jihad wing of the Organization for Islamic Cooperation (the world’s foremost Islamic imperialist organization), is planning something that sure sounds ominous: a “Mega Islamic Bank.” One of the stated purposes behind such an institution is to develop products to allow Shariah Finance to gain more ground in world [...]
The report below is cause for concern. Philippine officials have fallen into the trap of dealing with the Islamic Development Bank (IDB) based out of Saudi Arabia. IDB is a gargantuan institution dominated by Saudi Arabia and based out of Jeddah, which is the most important non-holy city in that country, much more important than [...]
The governors of central banks and monetary authorities of the Organization of Islamic Cooperation (OIC) member countries met in Kuala Lumpur this month to discuss “Central Banking and Financial Sector Development.” Central to the discussion was the potential role of Shariah-compliant finance in contributing to economic growth and financial stability. Many myths have been propagated about [...]
A Scheme to Route Zakat Through OIC?
On March 22, 2010 · In Islamic charities, Jihad, OIC, Qaradawi, Saudi Arabia, Shariah Law, Terror, Terror Funding, terrorism, Zakat
An official of the Organization of the Islamic Conference (OIC) put forth a proposal this week to route all zakat through the OIC. This would be a troubling development since the OIC is dominated by Saudi Arabia. Saudi Arabia’s official state religion is Wahhabi Islam, a particularly intolerant and violent sect. Moreover, the OIC has [...]
Iranian President Mahmoud Ahmadinejad blasts free market capitalism at OIC economic conference
On November 12, 2009 · In "Ethical Investment", Ahmadinejad, Investors Business Daily, Iran, Islam, Islamic Economics, Islamic Finance, OIC, Sharia Compliant, Shariah Finance, Terror Funding, Turkey, Uncategorized
Iranian President Mahmoud Ahmadinejad was a featured speaker at the Organization of the Islamic Conference economic summit about which we reported on 9 November: http://www.shariahfinancewatch.org/blog/2009/11/09/islamic-state-leaders-converge-in-istanbul-for-economic-summit/ In his address to the summit, which some so-called US “allies,” Ahmadinejad called for a replacement of capitalism by an Islamic system of economics. This makes sense since Iran has [...]
Leaders from Islamic states under the Organization of the Islamic Conference (OIC) have converged in Istanbul to attend the economy summit of OIC’s Standing Committee for Economic and Commercial Cooperation. They include Turkish President Abdullah Gul, Kyrgyzstan President Murmanbek Bakiev, Palestinian Prime Minister Salam Fayyad, Iranian President Mahmoud Ahmadinejad, Afghanistan President Hamid Karzai, Syrian President [...]
It seems Shariah didn’t protect the OIC after all… http://news.xinhuanet.com/english/2009-11/05/content_12394241.htm?
Rushdi Siddiqui is one of the more prolific promoters of Shariah in North America. He is currently Global Head of Islamic Finance at Thomson Reuters. Previously, Siddiqui was Global Director of the notorious Islamic Index Group at Dow Jones. Arab News of Saudi Arabia has published an interview of Siddiqui in which he discusses the dream [...]
Islamic Development Bank could raise $500m bond (sukuk)
On July 9, 2009 · In Al Qaeda, BNP Paribas, Creeping Shariah, Da'Wah, Debt Bonds, Deutsche Bank, Divest Terror, HSBC, Iran, Islamic Banking, Islamic Bonds, Islamic Development Bank, Libya, Muslim Brotherhood, OIC, Saudi Arabia, Shariah Bonds, Sudan, SUKUK, Usmani
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 [...]
There is a plan being promoted to create an Islamic Investment and Economic Center at the Malaysian Port Klang Free Zone. Besides the obvious contradiction between “free trade” and Shariah-Compliant Finance and Islamic Economics, there isn’t really much about this article that is especially earth-shattering. However, when one looks more closely into the depth of [...]
Shariah is not just law in the Western sense. Unlike Western legal traditions, Shariah covers every aspect of life. At SFW, our mission is to focus on the financial and economic aspects of Shariah. Shariah Compliant Finance is the opposite of free enterprise, for reasons which we delve into on a daily basis on this [...]
Categories
