In the wake of last week’s horrific Jihadist terrorist attack in Boston, we have seen very little discussion as to the possible financial aspects of the Tsarnaev brothers’ Jihad. By all accounts, the Tsarnaevs were far from destitute. Yet there is no indication anywhere that they had jobs. They evidently had credit cards, so their transactions can [...]
VTB Group, Russia’s second largest bank, is bailing on the US dollar. VTB is planning on conducting debt sales in China but, of greatest interest for our purposes, they are also looking at selling Islamic bonds, or sukuk, in Indonesia. What makes this doubly significant is that the Russian government controls VTB. “…in April last year [...]
Hoping to attract Arab capital, Russia will take its first step into the world of Shariah-Compliant Finance in June by issuing sukuk (Islamic bonds). The bonds are to be issued by the majority Muslim Russian republic of Tatarstan in the Volga region. http://www.google.com/hostednews/afp/article/ALeqM5hI4EA_Nx-avv4koH8-WKIpysLizA?docId=CNG.5b640033fbf6a16861093d81b106136f.901
The Financial Jihad Gains a Foothold in Russia
On April 14, 2011 · In HALAL, Islamic Banking, Islamic Bonds, Islamic Finance, Islamic Law, Russia, Shariah Bonds, Shariah Finance, Shariah Law, SUKUK
Islamic finance may debut this year in the Tatarstan republic in the form of sukuk, or bonds that, in accordance with Islamic law, do not charge interest, experts said at a World Islamic Economic Forum round-table discussion Wednesday. “Russia is ready for sukuk,” director of the Gazprombank structured and syndicated finance department Alexander Kazakov said. “They can make Russia a lot of money. A trillion dollars.” Gazprombank [...]
Note that while the US tries to convince Russia to support sanctions against Iran over its nuclear weapons program, Russia continues to stay cozy with the Ayatollahs. In this case, Russia is holding an outreach conference aimed at the Muslim world. Shariah-Compliant Finance has been creeping into Russia and the robber barons there are welcoming [...]
Judging by the spate of conferences on “Islamic finance” organized in the Russian Federation and the rest of the former Soviet republics in recent months, interest in Shariah finance is fast developing in the region… http://arabnews.com/economy/islamicfinance/article56957.ece
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. [...]
Despite the fact that Shariah-Compliant investments have suffered right along with other sectors in the financial crisis, promoters of Shariah-Compliant Finance continue to falsely proclaim that it is a solution to the world’s economic woes. The latest myth is being spread by a Russian… http://www.bernama.com/bernama/v3/news_business.php?id=398137
As reported on the blog, Terror Trends Bulletin, the Jihadists have won in Somalia by forcing a deal similar to that which Pakistan signed with the Taliban not long ago. Add Somalia to the list of nations ruled by Shariah. It is very important to make note of the fact that these “peace” treaties with [...]
http://www.moscowtimes.ru/article/600/42/371843.htm http://www.moscowtimes.ru/ The Moscow Times » Issue 4015 » Frontpage Top addthis_pub = ‘ruslanTMT’; Vahid Salemi / AP Miller, right, talking with al-Attiyah as Nozari looks on. The three discussed the formation of a ‘gas OPEC‘ on Tuesday. Gazprom, Iran, Qatar in ‘Gas Troika’ 22 [...]
New Axis Forming? By INVESTOR’S BUSINESS DAILYwww.mackersworld.com Foreign Affairs: Russia has disclosed that it will sell military hardware to Tehran that will protect Iran’s nuclear facilities. The time left to halt the Iranian nuclear threat has thus grown that much shorter. READ MORE
hat tip-OSINT http://en.rian. ru/russia/ 20080915/ 116811019. html MOSCOW, September 15 (RIA Novosti) – Russia’s Finance Ministry has set October 15 as a deadline for claims to exchange Soviet-era commercial debts for Eurobonds. It said creditors may file claims for the third U.S.S.R. debt swap in modern Russian history before 18:00 Moscow time October 15, 2008. [...]
http://strategyunit.blogsome.com/images/russia_map.jpg Islamic bank card to be rolled out across Russia Russian Muslims, currently fasting for the holy month of Ramadan, may soon have one less financial worry on their plates. A new Islamic debit card is due to be launched across the country, with terms and conditions guaranteed to be halal by Muslim spiritual [...]
By James Quinn, Wall Street Correspondent Last Updated: 11:27pm BST 26/08/2008 http://cache.jalopnik.com/assets/resources/2008/03/Wrecked_2011_Hummer_H2.jpg They can have it, as it guzzles fuel, and let them support countries that support terror! First it was Russia. Now it is the Middle East. The Hummer – one of America’s most iconic automotive brands – looks less and less [...]
War forces Central Asian oil exporters to reroute Tamsin Carlisle Last Updated: August 21. 2008 9:58PM UAE / GMT The continuing presence of Russian troops in the South Caucasian republic of Georgia is causing a headache not only for the White House, but also for Central Asian countries that normally export oil through Georgia. Yesterday, [...]
Roars About Russia, Bare Whispers About Islam By Diana West http://graphics8.nytimes.com/images/2007/08/28/arts/west190.jpg Amazing how quickly the punditocracy switches maps, time zones and histories, simultaneously mastering new combinations of consonants and vowels, to report and react to a “surprise” conflict in Georgia. It’s almost hard to recall that, just a few days ago, the [...]
by Kenneth Timmerman, NewsMax.com, August 14, 2008 Hat tip-Jerry Gordon and Israpundit A senior White House official confirmed on Monday what reporters on the ground in Georgia have known since their first glimpse of the ongoing hostilities: Russia’s invasion of Georgia was not a hastily-improvised event, in response to provocation, but had been planned well [...]
http://tinyurl.com/5aqho8 Sinopec Said To One-Up ONGC For Imperial Energy The Chinese state-owned refiner is reported to have trumped the bid of its Indian counterpart for the Russia-focused U.K. oil company. Click the link below to read the full story: Registration may be needed…… http://www.forbes.com/2008/08/04/imperial-energy-sinopec-markets-equity-cx_vk_0804markets03.html?partner=alerts
http://tinyurl.com/4kaf43 ISLAMIC IRAN MULLAHS HIRING COMMUNISTS (video at the end) IN USA AND DEPLOYING AN E.M.P. NUCLEAR BOMB By: Kenneth R. Timmerman http://noiri.blogspot.com/2008/07/by-kenneth-r.html
This should get filed under “Too frigging Bad”www.israelinsider.com Agence France-Presse First Posted 15:48:00 07/19/2008 MOSCOW — Russia’s highest Muslim council on Saturday issued a protest against a ban on some Islamic publications considered by the authorities to be “extremist.” The Council of Muftis “has taken a decision to request that the relevant [...]
(MENAFN – Khaleej Times) Emirates NBD, National Bank of Oman and three European banks have helped Uralsib Bank, Russia’s biggest privately owned lender, get a loan of $313 million (Dh1.15 billion) from a group of 32 banks for its trade finance business. The money will be lent to industrial companies in Russia, [...]
UAE seeks Russian mediation in islands row with Iran Agence France-Presse – 25 May, 2008 www.gulfinthemedia.com/index.php?id=404539&news_type=Top&lang=en Federal National Council The United Arab Emirates has sought Russian mediation with Iran to persuade it to discuss the status of three Gulf islands controlled by Tehran and claimed by the UAE, an Emirati official said Saturday. The request [...]
Jihad Against West is Well-Entrenched, Author Says Josiah Ryan hat tip-OSINT (CNSNews.com) – Radical Muslims engaged in holy war — jihadis — are waging a worldwide campaign to advance their goals, particularly in moderate Arab states, in Russia, and in the liberal democracies of the West, according to Walid Phares, author of “The Confrontation: Winning [...]
RUSSIA, AFGHANISTAN AND THE DRUG TRADE Alarmed by the rise of opium cultivation in Afghanistan, Russia’s Federal Drug Enforcement Service has opened a permanent office in Kabul, Afghanistan. Federal Drug Enforcement Service Director Alexei Milovanov said of the move, “Russia advances cooperation and interaction with Afghanistan in the war on drug production and proliferation…As for [...]
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