Islamic Charities Revealed: Bankrollers of Terror
On March 16, 2013 · In Al Qaeda, Al-Haramain Islamic Foundation (AHIF), Ansar al-Sharia Tunisia (AST), Hamas, Islamic charities, Jemaah Islamiyah, Jihad, Jihadist Groups/Individuals, Kuwait, Lashkar e Taiba, Qatar, Qatar Charitable Society, Qatar Charity, Qatar Islamic Society, Revival of Islamic Heritage Society (RIHS), Saudi Arabia, Syria, Syrian Islamic Front (SIF), Terror Funding, Tunisia, Turkey, Turkish Humanitarian Relief Foundation (IHH), Zakat
Foreign Policy magazine recently published an excellent article on the role of Islamic charities in funding Jihadist terrorism, something we’ve been writing about here on SFW for several years now. Authors Daveed Gartenstein-Ross and Aaron Y. Zelin detail in the article how Islamic NGOs (Non-Governmental Organizations) are bankrolling terrorist organizations under the guise of “aid.” [...]
By Cliff Kincaid Apparently on the defensive over its unorthodox entry into the U.S. media market, Al Jazeera has hired a high-powered lobbying firm on Capitol Hill to stave off an investigation of the curious transaction with former Democratic Vice President Al Gore. The firm, DLA Piper, represented Al Jazeera in the acquisition of Gore’s [...]
Gulf Nations to Continue Shariah-Compliant Sukuk Push
On February 13, 2013 · In Abu Dhabi, Bahrain, Creeping Shariah, Dubai, Emirates, Gulf Cooperation Council (GCC), HSBC, Islamic Bonds, Islamic Finance, Islamization, Kuwait, Oman, Qatar, Shariah Bonds, Shariah Finance, SUKUK
HSBC Bank, perhaps the West’s most shameful pimp for Shariah-Compliant Finance, and a serial violator of Treasury regulations regarding Iran sanctions, is reporting that the market for Shariah-Compliant bonds (known as sukuk or Islamic bonds) is set to break records in 2013 thanks to the proliferation of issues from Gulf states. Mohammed Dawood of HSBC [...]
French Politician: “Our friend Qatar is financing Mali’s Islamists”
On February 10, 2013 · In France, Jihad, Jihadist Groups/Individuals, Mali, Qatar, Terror, Terror Funding, terrorism
For years Western intelligence has known that the Wahhabi-run nation of Qatar has been financing Jihad. The financing has come in the form of protection payments from the government itself to keep Jihadists from attacking the tiny monarchy and in the form of support payments (zakat and otherwise) from wealthy Qatari individuals. France has now [...]
The Wall Street Journal Weighs In On Al Goreeza: Inconvenient Truths About Al Jazeera…and about Dow Jones too
On January 8, 2013 · In Al Jazeera, Bahrain, DeLorenzo, Dow Jones, Dow Jones Islamic Market, Hamas, Investors Business Daily, Islamic Finance, Islamization, madrassas, Pakistan, Qatar, Saudi Arabia, Shariah Boards, Shariah Finance, Usmani, Wahhabism
We’re glad to see that the Wall Street Journal has weighed in on the nefarious aspects of Al Jazeera, echoing what we reported here on SFW last week: http://www.shariahfinancewatch.org/blog/2013/01/03/al-gore-sells-out-to-qatar-state-owned-al-jazeera-buys-current-tv/ It’s worth pointing out some of the highlights in the Journal’s article: …the network reflects the interests of the government that runs it—making it akin to [...]
Al Gore Sells Out to Qatar: State-Owned Al Jazeera Buys Current TV
On January 3, 2013 · In Al Jazeera, Al Qaeda, Hamas, Iran, Islam, Islamic charities, Islamic Law, Jihad, Jihadist Groups/Individuals, Lashkar e Taiba, Qaradawi, Qatar, Salafism, Shariah Law, Taliban, Terror, Terror Funding, terrorism, Wahhabism
Al Gore has sold his failing Current TV television network. The buyer is none other than Al Jazeera, the infamous Islamist television network based out of Doha, Qatar (more on Qatar very shortly). Gore released an interesting statement along with the announcement of the sale: “Current Media was built based on a few key goals: [...]
Qaradawi’s Qatar Islamic Bank to float $1.5 billion Sukuk
On August 30, 2012 · In Islamic Banking, Islamic Bonds, Qatar, Shariah Banking, Shariah Bonds, Uncategorized
Islamic bonds, properly known as “sukuk” are increasingly becoming the favorite product of Shariah-Compliant Finance. In fact, we’re starting to see more and more Western nations and financial institutions involved in sukuk simply because wealthy Muslim individuals and institutions, armed with massive amounts of petrodollars, are insisting on Shariah-compliance for financing activities. Qatar Islamic Bank [...]
West Point Report: Haqqani network supported by “rich donors”
On August 28, 2012 · In Afghanistan, Al Qaeda, Drug trafficking, Emirates, Haqqani network, Islamic charities, Jihadist Groups/Individuals, Kuwait, Money Laundering, Pakistan, Qatar, Saudi Arabia, Sharia Compliant, Shariah Finance, Taqiyya, Terror Funding, Zakat
By way of CNN, we have still more evidence of financial support for violent jihad by wealthy Muslims in the Persian Gulf region. The Haqqani network is one of the most virulent Jihadist groups in Afghanistan and Pakistan and has been battling US troops for several years. It is closely allied with both Al Qaeda and [...]
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
The U.S. Treasury Department’s point man on terrorist financing is off to the Middle East for nearly two weeks. Daniel Glaser, assistant Treasury secretary for terrorist financing, will travel to Saudi Arabia, Kuwait, Qatar, Israel and the United Arab Emirates. Glaser will talk with government and private sector officials about the threat of terrorist financing, [...]
Sukuk (aka Islamic bonds) are fast becoming the chief tool for spreading Shariah finance. Just a few years ago, few of our posts dealt with sukuk. Now most of them do. Sukuk are used as a means of imposing Shariah compliance on nations and entities wishing to participate in global debt markets. Russia, Thailand, the [...]
As we have documented here on SFW for years, the financial Jihadists and their useful idiots in the Western world have proclaimed for years that Shariah-Compliance bestows some mysterious cloak of protection and stability. This assertion has grown to mythical proportions over the years, to the point where it is now almost taken for granted [...]
SFW readers may recall that back in February, Qatar shuttered the Shariah-compliant divisions of international banks operating in the tiny Gulf kingdom. What this meant was that only institutions that are completely Shariah-compliant can operate in Qatar. Banks that only have Shariah-compliant divisions are forbidden. We blogged about this move twice before: http://www.shariahfinancewatch.org/blog/2011/02/10/qatar-moves-to-shut-down-shariah-compliant-divisions-of-international-banks/ http://www.shariahfinancewatch.org/blog/2011/06/07/qatar-islamic-bank-benefits-from-protectionist-policies/ We [...]
Jonathan Schanzer: Saudi Arabia’s Terror Finance Problem
On September 10, 2011 · In Al Qaeda, Islamic charities, Jihad, Jihadist Groups/Individuals, Kuwait, Qatar, Saudi Arabia, Terror, Terror Funding, terrorism, Wahhabism, Zakat
An excellent article from noted expert Jonathan Schanzer on Saudi Arabia’s citizens’ support for Jihad…Keep in mind that this is the same Saudi citizenry heavily involved in Shariah Finance, yet we are expected to believe that there is no threat of Jihadist terrorism benefiting from Shariah Finance… The Saudis produce, thanks to proceeds from the [...]
Nearly two years ago, SFW published an article in which we uncovered that a Kuwaiti real estate investment concern had successfully imposed Shariah on tenants of its facilities in Colorado by refusing to allow certain types of businesses to operate and activities to take place on their property: http://www.shariahfinancewatch.org/blog/2009/08/17/kuwait-islamic-bank-successfully-imposes-shariah-in-the-usa-courtesy-of-udr/ The article didn’t get any particular [...]
Qatar Islamic Bank benefits from protectionist policies
On June 7, 2011 · In HSBC, Islamic Banking, Islamic Finance, Qatar, Shariah Banking, Shariah Finance
Qatar Islamic Bank is said to be doing well, largely because the regime there ordered all Islamic financial institutions that are subsidiaries of conventional financial institutions to cease operations in the country. This is further proof to those who associate Shariah-Compliant Finance with capitalism and free markets that Shariah-Compliant Finance is in fact a centralized [...]
Citi to expand Qatar presence, issue more Islamic bonds
On February 15, 2011 · In Citigroup, Islamic Banking, Islamic Bonds, Islamic Finance, Qatar, Shariah Banking, Shariah Bonds, Shariah Finance, SUKUK
Despite the recent action by Qatar to order the closing of Shariah-Compliant operations by foreign banks, Citi Group is determined to launch headlong into the tiny Islamist monarchy… http://en.news.maktoob.com/20090000570764/Citi_to_expand_Qatar_presence_see_more_sukuk_issues/Article.htm
Qatar Moves to Shut Down Shariah-Compliant Divisions of International Banks
On February 10, 2011 · In Al Jazeera, Barclays, Creeping Shariah, Doha, HSBC, Islamic Banking, Qaradawi, Qatar, Shariah Banking, Shariah Boards, Usmani
Hat tip to Creeping Sharia for this find… For years now SFW has warned big Western banks like HSBC, Standard Chartered and Barclays about the perils of dabbling in Shariah-Compliant Finance. Each of these banks, but HSBC in particular, has happily jumped in bed with the financial jihadists to get their piece of the Shariah-Compliant [...]
Qatar Islamic Bank targets British mid-cap market
On October 25, 2010 · In Britain, Creeping Shariah, Islamic Banking, Islamization, Qaradawi, Qatar, Shariah Banking, United Kingdom
Qatar Islamic Bank, whose Shariah advisory board is headed by the Jihadist Sheikh Yusuf al-Qaradawi, has unveiled a new lending strategy targeting small to medium-sized British companies. QIB is focusing on profitable companies whose products are in line with “Islamic” tenets, which means Shariah-compliant. Qaradawi is forbidden to enter the UK due to his ties [...]
http://www.arabianbusiness.com/qatar-islamic-bank-q3-net-misses-analysts-estimates-356945.html?
Qatar Islamic Bank, the leading Shariah-compliant financial institution in Qatar and owner of the largest Shariah-compliant banking network in the world, has been chosen as the Bank of the Year by the Arabian Business Awards. We at SFW are certainly not celebrating this occasion, but we bring it up for a very good reason. Though [...]
Al Jazeera Finance is Qatar’s leading, Shariah-Compliant finance company and has started a media and PR campaign designed to expand its services and grow the company… http://www.istockanalyst.com/article/viewiStockNews/articleid/4364137 In researching Al Jazeera Finance, we noticed that they provide no disclosure of their Shariah advisors: http://www.aljazeera.com.qa/new/
In a sign of Islamic economic imperialism on the march, Islamic Bank of Britain (IBB) has secured a £20million ($30.8 million) capital injection from founding shareholder Qatar International Islamic Bank… http://www.cpifinancial.net/v2/News.aspx?v=1&aid=5632&sec=Islamic%20Finance
Harrods Goes Halal
On July 13, 2010 · In Britain, Creeping Shariah, HALAL, Islamization, Qatar, Women's Rights Under Shariah Law
Now Muslim women can buy expensive, high-fashion versions of black Islamic robes, which obscure the contours of a woman’s body, when they head to London to escape the Arabian Peninsula’s sweltering heat. Harrods started selling abayas by Beljafla’s DAS Collection in June, a month after Qatar’s sovereign-wealth fund bought the landmark store. http://www.businessweek.com/news/2010-07-12/harrods-sees-profit-from-islamic-fashion-as-qatar-takes-control.html
The Washington Post is reporting that Washington DC public school students are being instructed in Arabic and participating in a cultural exchange program that is being sponsored by the Qatar Foundation International, an organization with ties to the Youssef Qaradawi, a Shariah scholar who has been banned from traveling to the US or the UK [...]
We ordinarily do not post links to articles which require a subscription to read, but we made an exception in this case. This is the sad story of a man who traveled to the Persian Gulf nation of Qatar to promote his banking career with a big Qatari bank. He no doubt regrets that decision [...]
Qatar Islamic Bank, the Gulf state’s second largest lender by market value, saw fourth-quarter net profit drop 23 percent on Monday, falling shy of analysts expectations. Not long ago, Qatar Islamic Bank revealed that it had an exposure in the Dubai default debacle. http://www.reuters.com/article/idUSLDE60H14K20100118?rpc=401&feedType=RSS&feedName=hotStocksNews&rpc=401 This is but the latest in a series of disappointing reports [...]
Moody’s Downgrades Qatar Real Estate Sukuk Issuer
On January 15, 2010 · In Debt Bonds, Defaults, Islamic Bonds, Islamic Finance, Moody's, Moody's Investor Service, Qatar, Shariah Bonds, SUKUK
Moody’s Investors Service has downgraded Qatar Real Estate Investment Company, which has issued $300 million in Sukuk (Islamic Bonds) from A2 to Baa1. Moody’s also issued an advisory for possible additional downgrading in the future. The move was prompted by the announcement that Qatar Real Estate Investment Company would become a wholly owned subsidiary Barwa [...]
The Contagion Spreads: Qatar Islamic Bank has $15 mln exposure to Dubai World
On December 3, 2009 · In "Ethical Investment", Debt Bonds, Defaults, Dubai, Dubai Investment Group, Dubai Islamic Bank, Economic Crisis, Islamic Banking, Islamic Bonds, Islamic Finance, Qatar, Shariah Banking, Shariah Bonds, Shariah Finance
Qatar Islamic Bank has announced that it faces exposure in the evolving debacle emanating from Dubai. This is particularly bad news for this institution since, back in March, it was in serious enough trouble to have been bailed out by the regime in Qatar: http://www.shariahfinancewatch.org/blog/2009/03/10/qatar-to-prop-up-its-banking-system/ $15 million doesn’t seem like a great deal of exposure, [...]
The Shariah Finance industry, estimated to have an asset value of over $800 billion currently, is forecast to quadruple in size over the next decade, according to the CEO of Qatar’s Doha Bank. http://www.thepeninsulaqatar.com/Display_news.asp?section=Business_News&subsection=Local+Business&month=November2009&file=Business_News2009110435310.xml
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