As we have reported previously on SFW, Egypt has been contemplating issuing Islamic bonds, known as sukuk,” to raise money for the country’s bleak fiscal picture. The Muslim Brotherhood wants to float Islamic bonds, not only for fiscal reasons, but also because they see it as a means of furthering the Islamization of the country. [...]
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: [...]
“Extremism” on the Rise in Zanzibar–Thanks to Saudi Money and Islamic Charities
On December 31, 2012 · In Abu Dhabi, Al Qaeda, Dubai, Islam, Islamic charities, Islamic Law, Islamic schools, Islamization, Jihad, Jihadist Groups/Individuals, madrassas, Salafism, Saudi Arabia, Shariah Law, Sudan, Tanzania, Wahhabism, Zakat, Zanzibar
The Financial Times has an important article about the influx of Salafi Islam in the island region of Tanzania known as Zanzibar. The article doesn’t draw any of the correct conclusions about what is happening there, but it contains enough clues to build a picture. For folks who don’t remember, Tanzania is one of the [...]
Shariah-Compliant Finance got off to a start of sorts in Egypt in the 1960s and 1970s, but a series of investment scams built up around the industry soured the populous on the concept. The ruling regime also discouraged the growth of Shariah finance in Egypt as they knew that it had been the artificial creation [...]
Correcting The New Misinformation on Islamic Charities Funding Jihadist Terrorism
On October 17, 2011 · In Abdurahman Alamoudi, Abu Sayyaf, Al Qaeda, Al Shabaab, Bin Laden, Hamas, Hezbollah, Holy Land Foundation, Islam, Islamic charities, Islamic Development Bank, Islamic Law, Islamic Relief, Jemaah Islamiyah, Jihad, Jihadist Groups/Individuals, KindHearts, Lashkar e Taiba, Money Laundering, Muslim Brotherhood, Pakistan, Phillipines, Qaradawi, Salafism, Saudi Arabia, Sharia Compliant, Shariah Law, Somalia, Taliban, Terror, Terror Funding, terrorism, Wahhabism, Zakat
The Guardian in the UK has come out with an article (“Counterterrorism laws taking their toll on humanitarian action”) critical of US counterterrorism efforts that are designed to prevent the funneling of money to Jihadist terrorist groups, especially in Gaza and Somalia, two hotbeds of Jihadist terrorist activity. When ever we see misguided and ignorant [...]
Given the rash of sukuk (Islamic bond) defaults which occurred in 2009, it is no surprise that an insurance entity backing sukuk would crop up and one has: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a division of the Islamic Development Bank (IDB), will soon be tasked with providing insurance on [...]
Al Qaeda called a ‘money making machine’ by British official–that’s not even HALF the story
On March 17, 2011 · In Al Qaeda, Hamas, Hezbollah, Islamic charities, Islamic Finance, Islamic schools, Jihad, madrassas, Money Laundering, Salafism, Saudi Arabia, Sharia Compliant, Shariah Finance, Taliban, Terror Funding, terrorism, Uncategorized, Wahhabism, Zakat
The article below from The Telegraph in Great Britain quotes a British Foreign Office director as describing Al Qaeda as a “money making machine,” due to Al Qaeda in the Islamic Maghreb’s practice of ransoming hostages for money. Evidently, Italy, Spain, Austria and Switzerland have all paid such ransoms to the Jihadist terrorist organization. This [...]
The Economist Lashes Out on the Ground Zero Mosque
On August 20, 2010 · In Christianity and Islam, Creeping Shariah, Da'Wah, Ground Zero Mosque, Islam, Islamic Law, Jihad, Muslim Brotherhood, Polygamy, Salafism, Saudi Arabia, Shariah Law, Spain, stealth jihad, U.S. Policymakers, Uncategorized, United Kingdom, USA
The Economist has run what amounts to a poorly researched hit piece criticizing opponents of the Ground Zero mosque. This isn’t strictly a financial matter and we usually try to limit our scope to issues surrounding finance here on SFW, however, because The Economist has been such a shameful shill for Shariah Compliant Finance in [...]
Saudi Zakat for Jihadist Terrorists
On March 1, 2010 · In Al Qaeda, Islamic charities, Jihad, Salafism, Saudi Arabia, Shariah Boards, Terror, Terror Funding, terrorism, Wahhabism, Zakat
Regular readers of SFW know that one of the chief concerns that never seems to get addressed by the financial media or Western promoters of Shariah-Compliant Finance is the issue of money finding its way into the hands of Jihadist terrorist organizations, such as Al Qaeda, HAMAS, Lashkar-e-Taiba and others. Shariah-Compliant financial institutions must donate [...]
Saudi financial jihadist prince eyes new links with News Corp.
On January 18, 2010 · In Da'Wah, Islamization, Muslim Brotherhood, Prince Bin Talal, Salafism, Saudi Arabia, stealth jihad, Wahhabism
The Saudi billionaire whose investment firm is one of the biggest stakeholders in Rupert Murdoch’s News Corp. said he is looking to expand his alliances with the media giant. Prince Alwaleed bin Talal, a nephew of the Saudi king and who was listed last year by Forbes as the world’s 22nd richest person, met withNews Corp.’s chief [...]
Islamists in Kuwait debate loans and interest
On January 5, 2010 · In Interest, Islam, Islamic Economics, Islamic Law, Kuwait, Salafism, Saudi Arabia, Sharia Compliant, Shariah Finance, Shariah Law, Usury
We found an interesting article on Kuwait Times this morning. It seems that the Kuwaiti parliament is debating whether or not to “write” off interest on government loans to its citizens. It has been claimed for decades that interest is forbidden in Islam–either charging it or paying it. As a result of that portion of [...]
More on South Korea’s Slide to Shariah-Compliant Finance
On November 19, 2009 · In Center for Security Policy, Citigroup, Creeping Shariah, Debt Bonds, Divest Terror, Iran, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Finance, Islamization, Salafism, Saudi Arabia, Sharia Compliant, Shariah Banking, Shariah Bonds, Shariah Finance, Shariah Law, South Korea, SUKUK
Linked below is an article which provides a few more details on a subject we have reported on a few times in recent months: the creeping of Shariah finance into South Korea. Before you read this article, we would like to point out a couple of things: 1. Hyundai’s name being mentioned prominently in this [...]
The Islamic Development Bank has essentially been a financing arm of the Saudi Salafi imperialist movement for years now. The bank comes into an area with lots of money and the next thing you know, Wahhabi mosques start to appear in areas where there are no Salafi Muslims, if any Muslims at all. Lately, with [...]
Sebastian Gorka: Sahriah finance is a zero-sum game
On August 29, 2009 · In Abul-Ala Mawdudi, Al Qaeda, Britain, Islam, Islamic Finance, Islamic Law, Jihad, Obama, RIBA, Salafism, Shariah Finance, Shariah Law, stealth jihad, United Kingdom, Wahhabism, Zakat
Dr. Sebastian Gorka is military affairs fellow with the Foundation for Defense of Democracies in Washington, D. C., and associate fellow with the Joint Special Operations University. He has written an excellent article on Shariah-Compliant Finance which we think everyone should read… Dr. Gorka correctly identifies Shariah-Compliant Finance as a form of economic warfare being [...]
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