posted by Christopher W. Holton Readers who do business with Citi Group may be interested in their activities involving Shariah-compliant finance in Pakistan. According to annual report issued by Securities and Exchange Commission of Pakistan (SECP), Shariah-compliant assets now represent 34.6 per cent of the total assets of the Non-Banking Financial Institute (NBFI) industry in […]
Citibank Islamic Savings Account-i Perform banking transactions and check your account balances online wherever you are with this Islamic savings account. Put your savings into Citibank’s secure custody and have a peace of mind. https://ringgitplus.com/en/savings-account/Citibank-Islamic-Savings-Account-i.html
“KFH” arrange in cooperation with Citigroup and HSBC the first Sukuk issuance for the Turkish Treasury of USD1.5 bln Kuwait Finance House ” KFH ” represented by its subsidiary, Liquidity Management House “LMH”, succeeded in arranging for Ijarah Sukuk for the Turkish Treasury amounting USD1.5bln for 5 ½ years, in cooperation with Citigroup and HSBC, where this is […]
While this is not strictly directly related to Shariah Finance, we do find it rather curious. Perhaps the Iranian hackers do not realize that big Western banks like these have played a large role in facilitating Shariah-compliant finance in the West? Because they are actually targeting allies here in one sense…Note however, that the Iranians […]
Turkey will soon issue a lira-denominated sukuk (Islamic bond), on the heels of its dollar-denominated sovereign sukuk, which was facilitated by HSBC and CitiGroup. http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=337737
Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
The most prominent weapon in the financial jihadists’ arsenal is the sukuk, also known as the Islamic bond. Sukuk have taken off like wildfire in the Islamic world and they are being pushed out hard to the non-Muslim world. South Korea, the Philippines and Thailand are just three nations that have come under intense pressure […]
Keep this in mind when choosing where to conduct your banking business… The global Islamic capital market is once again focused on Malaysia with the recent launch by Bank Negara Malaysia, the central bank, of its new Islamic monetary management instrument, the Bank Negara Monetary Notes-Istithmar (BNMN-Istithmar). At the same time, according to Islamic banking […]
Citi to expand Qatar presence, issue more Islamic bonds
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
Euromoney.com is once again giving out awards for compliance to the financial wing of the barbaric, medieval doctrine known as Shariah. They have a whole host of awards to dole out (no fewer than 19 awards in the field of “Islamic” finance), which probably indicates that these awards are a convoluted effort to drum up […]
Demand for Islamic bonds from the Middle East will return to “pre-crisis” levels by the end of the third quarter as companies restructure debt and higher yields lure investors, according to Citigroup Inc. Defaults by companies in the Gulf have increased concern about risks associated with Islamic bonds. http://www.businessweek.com/news/2010-10-25/citigroup-sees-sukuk-demand-recovery-in-a-year-islamic-finance.html
Citigroup Inc. is looking to expand its Islamic bond sales, with an issue for a Turkish bank. The new decision to boost the sales of Sukuk, the so-called ‘Islamic bonds’, was made after issuing $100 million for Kuveyt Turk Katilim Bankasi AS. Hulusi Horozoglu, director of global Islamic banking at Citigroup said in an email […]
Citigroup, one of America’s biggest promoters of financial jihad, has called for the creation of a fund to manage Islamic bonds (also known as Sukuk)… http://www.reuters.com/article/idUSTRE61H3RE20100218?rpc=401&feedType=RSS&feedName=summitNews&rpc=401
Shariah finance: The deadly Jihadist weapon with a dollar sign
It is highly appropriate that SFW end 2009 by sharing the latest work from one of the true heroes of the Western world in the fight against Shariah: David Yerushalmi. Mr. Yerushalmi’s essay in the Washington Examiner provides both a primer for those unfamiliar with the issue of Shariah Finance, as well as an update […]
Shadowy Luxembourg Private Banking Firm Tied to Iranian Funds Seized in New York
The U.S. Justice Department has seized over $2 billion in funds alleged to belong to the government of the Islamic Republic of Iran. The funds were being held by Citigroup on behalf of a private banking firm based in the tiny European nation of Luxembourg. That firm is named Clearstream Banking S.A. While Clearstream is […]
More on South Korea’s Slide to Shariah-Compliant Finance
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 […]
U.S. taxpayers funding terrorism: the ties that blind
What would you think if it was proven beyond doubt your tax money is getting into the hands of terrorists, not altogether accidentally? How would you feel if you discovered that the dollar you paid in income tax had been channeled by the federal government through a bank bailout law to Citigroup which then ‘invested’ in […]
With the Help of HSBC and Citibank, Shariah-Compliant Finance is Spreading in the Orient
Banking giants HSBC and Citibank, already infamous for contributing to the spread of Shariah in the West, are now fast at work aiding the spread of Shariah in Malaysia and other key markets in Asia and the Pacific Rim. Keep this in mind when you select banks to do business with. HSBC and Citibank are […]
Catastrophe – How Shariah Law Is Infiltrating The West
Dick Morris is one of the best-informed and shrewdest political observers and strategists in America. He has been an immensely helpful proponent of the Divest Terror Initiative to cut off corporate life support for the Ayatollahs and other terror sponsors. In his new book, Catastrophe, he now tackles Shariah-Compliant Finance. Below is an excellent 3 […]
A Caliphate of Toxic Assets
Alyssa A. Lappen has been writing about Shariah and Shariah-Compliant Finance for quite some time and there are few, if any, writers who are as informed on these subjects as she. Her latest work appears on FrontPageMag.com and we enthusiastically recommend it to our readers… http://www.frontpagemag.com/readArticle.aspx?ARTID=35378
In a development which can only be described as despicable, American banking and finance giants Citibank and Goldman Sachs have reportedly applied to open up branches in Iran. We have not been able to confirm this report, however, which originated with Iran state-owned media. To do so, they will have to obtain waivers from the […]
The latest fallout from a combined Manhattan District Attorney and Treasury Department investigation has settled on a Red Chinese firm and several Iranian firms, with some useful idiots in the form of Western banks stuck in the middle. The last time this investigation erupted was when Bank Melli, the world’s largest Shariah-Compliant financial institution, was […]
Indonesian government advised not to issue Shariah bonds now
CitiGroup has advised the Indonesian government not to issue Shariah bonds (also known as Sukuk) at this time due to adverse market conditions and the large number of bond issues in the global marketplace. It is also interesting to note that CitiGroup also cited the “high yield” that Indonesia would have to set for the […]
Daniel Greenfield has written an excellent piece about the third round of bailouts for CitiGroup. Here are a couple of highlights and a link: We are now seeing the third round of bailouts for Citigroup, after the US government already has taken a 36 percent stake in the bank. This makes the US government the […]
Report: Western banks divesting their Shariah-Compliant units
At a time when promoters of Shariah-Compliant Finance are spreading propaganda that Shariah is the salvation from the financial crisis, Western firms are starting to unload their Shariah-Compliant units. Both Barclays and Citi have decided to do so. The idea that Shariah provides any safety net flies in the face of reality, as evidenced by […]
LONDON/ZURICH: Shareholders of British bank Barclays backed a $10 billion fundraising on Monday and Standard Chartered sought new funds too as investors absorbed the weekend rescue of US based Citigroup. Barclays chairman Marcus Agius said investors had voted in favour of the British bank’s controversial 7 billion pound ($10.44 billion) fundraising. A final tally […]
more posted as story develops……………………….
Citi shares sink despite Saudi prince’s investment By MADLEN READ and STEPHEN BERNARD, The Associated Press 2:30 a.m. November 21, 2008 In this July 16, 2008 file photo, Saudi Prince Alwaleed Bin Talal Bin Abdul aziz Al Saud waves at the Elysee Palace prior to lay the cornerstone of the new Islamic art rooms of […]
Citi eyes $4oom plane financing deals in the Gulfwww.videopublicradio.org By Shakir Husain, Staff Reporter Published: August 09, 2008, 00:01 Dubai: Citigroup is discussing eight to 10 private aircraft financing deals worth more than $400 million in the Gulf as the largest US bank seeks to benefit from the growing ownership of jets among […]
FOR IMMEDIATE RELEASE Citigroup Inc. (NYSE: C) July 28 2008 http://tinyurl.com/6hgv7dhttp://tinyurl.com/6hgv7d Malaysia: Citi Wins Asset Magazine’s “Most Innovative Shariah-Compliant Structured Product” Accolade Kuala Lumpur – The Asset magazine has awarded Hong Leong Tokio Marine Takaful Capital Protection Investment Link Fund (CPIL) Scheme the Most Innovative Shariah-Compliant Structured Product in its recent 2008 […]
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