posted by Christopher Holton The financial jihadists have been pushing Shariah finance in Africa for some time, as we have archived here on SFW for years. Now they are reaching into Uganda and the method they are using is from the pulpit. This shows that Shariah finance is in fact a dawa method. Also note […]
Saudi Arabia Criticized for Funding Salafist Islam in Southeast Asia
posted by Christopher W Holton It has been a well-established fact that Saudi Arabia has spent tens of billions of dollars over the past 30-40 years or so proselytizing its brand of Sunni Islam, known as Wahhabism, but properly categorized as Salafism. It is also a well-established fact that Salafi Islam has given rise to […]
The financial jihadists continue to aggressively promote Shariah finance outside of the Islamic world… Dubai Islamic Bank mandated HSBC and Standard Chartered Bank as Joint Structuring Banks and Al Hilal Bank, Dubai Islamic Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi, Noor Bank, Sharjah Islamic Bank and Standard Chartered Bank as Joint Lead […]
Report: Shariah-Compliant Finance Advancing in Non-Muslim World
The reason Shariah-Compliant Finance was created was to promote Shariah and Islam. According to the Thomson-Reuters Islamic Finance Development Indicator (IFDI), it is accomplishing its mission… • The number of Islamic finance conferences with more than 100 participants worldwide surged by 41% to 107 in 2013 from 76 in 2012, with 36 countries hosting conferences […]
The underlying basis for Jihadist terrorism lies in Islamic doctrine, based upon the Quran, the Hadith and the Sirah. Perhaps the strictest adherents to Islamic doctrine are the Salafists, such as the Wahhabis who run Saudi Arabia. This sect of Sunni Islam spawned Al Qaeda, the Taliban and ISIS, among others. It also is responsible […]
Abu Dhabi Islamic Bank is weighing whether to change its name as it targets more non-Muslim customers beyond its home market. The second-biggest Shariah-compliant bank in the United Arab Emirates may change to Abu Dhabi International Bank outside the nation to lure customers and help capture a market that’s about 200-times the size of Shariah banking. The bank […]
Dubai Islamic Bank to Pursue Islamic Imperialism Through Finance
Dubai Islamic Bank plans to expand its operations into Indonesia, Kenya and other African countries. The expansion into Indonesia is not particularly noteworthy, since Indonesia is the world’s most populous Muslim nation. But the plans for Kenya are a different issue entirely. Kenya has a relatively small Muslim population (about 15% at last count) but […]
Money Jihad Blog: World Bank Spends Our Money To Promote Shariah
Another excellent posting over on the Money Jihad blog… The World Bank has agreed to collaborate with the Islamic Development Bank (IDB) “in the development of Islamic Finance,” according to the Arab News. http://moneyjihad.wordpress.com/2012/11/22/world-bank-spends-your-money-to-promote-sharia/
Shariah Finance Dawah Continues Apace in Britain
One of the worst kept secrets in the world of Shariah Finance is the fact that, despite great efforts on the part of financial jihadists with obsequious assistance from British political leaders, demand for Shariah-compliant financial products and banking is lacking. Nevertheless, the Shariah Finance industry is continuing its dawah operations there… Sharia finance to […]
FaithFreedom.org has an extensive file on the Murfreesboro mosque controversy and they have now expanded that file with information on the “money man” behind the mosque. For readers who are not familiar with the Murfreesboro mosque controversy, there is a huge 53,000 square foot mega-mosque being constructed just outside of Murfreesboro, Tennessee, a town with […]
Shariah Finance Watch editor briefs Congressional staffers on Shariah-Compliant Finance
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
Malaysia is doubtless a center of Shariah Compliant Finance, certainly the leader in Asia and the Pacific Rim. One of Malaysia’s largest Shariah banks is Maybank Islamic. Maybank Islamic is making moves to become a global force for Shariah. They are setting up shop in neighboring Singapore and Indonesia, but also have their sights set […]
Islamic Development Bank proposes “Mega Islamic Bank”
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 […]
Zakat goes to all sorts of purposes. One of them is to get poor, destitute non-Muslims to convert to Islam, as explained in the post linked below on Money Jihad blog. The gist of this is that when a Western financial institution facilitates Shariah Finance it is subsidizing the promotion of Islam and Shariah. That […]
The New York Times published a disturbing article today in which illustrates the emergence of Shariah Finance globally at the expense of conventional finance. While Western lenders are simply not lending these days, sukuk (Islamic bond) issuances are soaring. The long-term impact of this is negative for Western Civilization because it facilitates the acceptance in […]
Saudi Electricity Co., Saudi Arabia’s state-owned utility company, will aggressively market Shariah-compliant bonds to investors in non-Muslim nations around the world. This is part of an ongoing effort to have Shariah bonds, also known as sukuk, gain wide acceptance with non-Muslims around the world. At least some sukuk contracts involve zakat payments to Islamic charities, […]
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 […]
Some REALLY Bad Ideas on How to Solve America’s Debt Problems
Not surprisingly, the financial jihadists are promoting Shariah as the solution to America’s debt problems. We’ve seen this before. Back in 2008, in the wake of the subprime mortgage debacle and near-financial meltdown, the financial jihadists insisted that Shariah-compliant finance would have avoided the whole mess. Then, in 2009, defaulting on sukuk (Islamic bonds) just […]
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 […]
American Jewish Committee Shills for Shariah in AIG Case
It pains us to have to post this article, but this is one of the most misguided examples of bad policy that we have ever come across. The American Jewish Committee (AJC) has sided with the Treasury Department and against the Thomas More Law Center in the AIG suit, which seeks to address the fact […]
Dubai leads financial jihad into Germany
Note in the article linked below two important aspects: First, Dubai Exports makes no secret about the fact that this is MISSIONARY work, something that has been pointed out over and over by other financial jihadists and on the pages of SFW. Second, note the disturbing demographic numbers for Germany supplied in the article as […]
Unfortunately, the British continue to invite the financial jihadists into their investment houses and banks, determined that this will attract shiploads of petrodollars without impacting British culture, society and security. Before dismissing the notion that Shariah finance could introduce nefarious elements into a Western host nation, readers should remind themselves that the whole purpose of […]
Kuwait Ambassador to Brazil Yusuf Ahmad Abdul-Samad delivered to Director of Latin American Institute for Islamic Studies Dr. Mohammad Al-Rahdi a contribution made by Kuwait Zakat House, last week. The contribution was made at the Kuwait embassy in Brasilia, in presence of Executive Director of the institute Abdelbagi Osman. The meeting discussed activities of the […]
Bank of Uganda, the republic’s central bank, has sent delegates to Indonesia to learn more about Shariah-Compliant Finance. Bank of Uganda is expecting the first shariah bank in the “pearl of Africa” to open in early 2012 after Uganda’s parliament passes a law permitting the establishment of Islamic banks. This is clearly a form of […]
London mayor heads to Dubai with hat in hand, asks for more financial jihad
Islamic Development Bank (IDB) President Ahmad Mohamed Ali held a meeting with the Lord Mayor of the City of London, Alderman Michael Bear. Ali, who stressed the importance of the annual coordination meetings between the two parties, commended the tangible development of IDB relations with the business community in London, which poses an international hub […]
Dubai to export Shariah Finance to Europe
Dubai, scene of massive defaults on sukuk two years ago, is now set to export Shariah-Compliant Finance to Europe. Note that this dawah activity is run by an arm of the UAE government… Dubai’s financial services industry is fast emerging as a leading catalyst in the development of Islamic finance products and services to Europe, […]
As if using NASA as a tool for “outreach” to the Islamic world was not enough, the U.S. government is now in the business of proselytizing for Shariah around the world. The U.S. Embassy in Dublin has sponsored a seminar on Muslim entrepreneurs and business in Ireland. A main point of the conference was the […]
One of the largest Islamic charities in the United States, LIFE for Relief and Development, has used the ongoing crisis in Haiti to fund mosque expansion in Haiti. Haiti has almost no Muslims. Even Islamic sources, which are notorious for wildly overestimating Muslim population levels, put the figure at 3,000 Muslims in the Caribbean nation […]
Hyperion Asset Management, a Brisbane, Australia-based money management firm is the responsible party for allowing the camel’s nose to get under the tent in Australia. “We are delighted to welcome the Hyperion Australian Equity Islamic Fund to Bahrain,” said Economic Development Board chief executive officer Shaikh Mohammed bin Essa Al Khalifa. “This reflects the growing […]
A recent International Monetary Fund (IMF) report has argued that the rapidly growing Shariah banking sector may accelerate economic development of the Muslim world. We are a bit confused as to why this is, seeing as the Muslim world has been awash in petrodollars for generations, yet its overall economic development has been patchy at […]
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