Sukuk Issuance Hit $131 Billion in 2012
KFH Research reports that Shariah-compliant bond (sukuk) issuances reached $131 billion during 2012, a 54% increase over 2011. As we have reported previously on SFW, sukuk are fast becoming the weapon of choice for promoting Shariah through Shariah-Compliant Finance. Here is how that works: • As we know from historical records and contemporary statements from […]
The purpose of Shariah Finance is to promote Shariah. The chief weapon for achieving that over the past 2 years has been what is known as the Islamic bond, or sukuk. Sukuk are increasingly being used on both sides of the credit market. When Islamic nations and companies want to raise money in the credit […]
There has been a considerable amount of attention on the new Muslim Brotherhood regime in Egypt. Some of that attention–not enough–has been focused on the inevitable decline of the Egyptian economy with the onset of Islamization. (Without enormous amounts of oil for foreigners of superior capability and intellect to exploit, every Islamist nation falls on […]
The Wall Street Journal Weighs In On Al Goreeza: Inconvenient Truths About Al Jazeera…and about Dow Jones too
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: https://shariahfinancewatch.org/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 […]
“Extremism” on the Rise in Zanzibar–Thanks to Saudi Money and Islamic Charities
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 Comes to Ireland Via the Financial World
The financial jihad has come to Ireland, something that will not come as a surprise to regular readers of SFW. Still, the ascent of Shariah in Western Europe via Shariah-Compliant Finance is something to which we must never grow accustomed. It is truly the modern day Trojan horse… Islamic finance company Amanie Advisors is to […]
A large mosque complex is planned for rural Maryland and the supporters are soliciting funds from overseas to complete it. The Dar-us-Salaam Islamic community in College Park, Maryland is planning what would be the largest Islamic project in America, according to Creeping Shariah Blog. Residents in Maryland are opposing the project on zoning grounds–just as they […]
Shariah Finance to Establish Foothold in Germany
…with the dutiful help of Ernst & Young and Norton Rose law firm… Turkey’s Kuveyt Turk investment fund, which operates under the principles of Islamic sharia law, plans to open its first German branch in October. The first branch in Germany will be opened in Frankfurt with the assistance of Ernst & Young and the […]
Sukuk continue to be the main weapon of Islamic financial imperialism. This was illustrated recently by a major sukuk offering from First Gulf Bank in the UAE that attracted investors from Asia, Europe and the USA… http://www.cpifinancial.net/news/post/15461/first-gulf-bank-comes-first This is how Shariah-Compliant Finance infiltrates the world financial system and desensitizes Westerners to the perils of Shariah.
Standard & Poor’s, one of the most prominent names in the Western financial world has formed an alliance with the world’s most prominent Wahhabi Islamic supremicist organization to establish a new Shariah-compliant investment index. The new S&P COMCEC 50 Sharia Index has been established in partnership with the Organization of Islamic Cooperation (OIC), an organization […]
The good folks at Jihad Watch have an extensive report posted today on a disguised form of jizya tax at work in Malaysia: It is open secret that most income tax paid to the Malaysian Muslim government comes from more prosperous, more entrepreneurial non-Muslims, despite them being less than half the population. http://www.jihadwatch.org/2012/07/infidels-funding-islam-a-primer-to-malaysias-disguised-jizya-system.html
Gatehouse Bank, a wholesale Shariah-Compliant investment bank, has completed the acquisition of a large building which houses the Scottish Ministers National Health Service. http://www.gulf-daily-news.com/NewsDetails.aspx?storyid=333688
Essentially what is happening here is that the Islamists are insisting on Shariah compliance before they will consider investing. And since they have so much oil wealth, non-Muslim countries are willing to sell out… • South Africa is preparing to launch sub-Saharan Africa’s first Islamic bond, paving the way for issues by other countries in […]
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 […]
An Extremely Important Article on Shariah-Compliant Finance from Congressman Allen West
Investor’s Business Daily and Congressman Allen West have teamed up overnight to publish an extremely important op ed penned by Congressman West on the subject of Shariah-Compliant Finance. In his column, Congressman West points out virtually all of the major concerns surrounding Shariah-Compliant Finance and laments that it has received no critical scrutiny from US […]
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
Regular, long-time readers of SFW may recall a posting from almost exactly 2 years ago in which it was announced that an attorney who had specialized in Shariah Finance had been appointed as a White House fellow by President Barack Obama: https://shariahfinancewatch.org/2010/06/23/shariah-compliant-finance-specialist-joins-white-house-as-fellow/ The attorney in question is named Samar Ali. At the time she was […]
Irish Attorney: “Financial shock would never have happened under shariah”
Every once in a while we come across a story that is really outrageous. Some or outrageous because they are inaccurate. Others are outrageous because they are simply offensive. Today we bring to you an article from John King, an attorney with one of Ireland’s most prominent law firms, in which he makes the case […]
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 […]
We have good news and bad news. The good news is that the link below takes you to a good report that explains Sukuk, aka Islamic bonds. The bad news? The report was produced in Japan and it is clear that the Japanese have no problem complying with Shariah to get access to petrodollars…which is […]
Northern Cyprus, which was seized in an invasion by Turks in 1974, is now said to be ripe for Islamic investors. Northern Cyprus is said to offer excellent investment opportunities in tourism and agriculture. There’s just one catch: Turkey is essentially an occupying force. Isn’t it funny how we never hear anything about the Turkish […]
A delegation of the Muslim Brotherhood recently went on a whirlwind tour of US governmental and private institutions and individuals. One of the organizations that the Ikhwan met with was the US Chamber of Commerce. If you are surprised, you shouldn’t be. The US Chamber of Commerce has a history of appeasement and outreach to […]
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 […]
We suppose that when you live under an atheist, communist system, it makes no difference to you whether the food is halal or haram. Add in a dash of capitalism and presto! You get a foothold for Shariah-compliance in a city-state with virtually no Muslim population. Such is the nature of the petrodollar driven Islamic […]
Hong Kong moves to become “hub” for Shariah Finance
Hong Kong has long been a major international financial center. When Communist China took over Hong Kong at the close of the 1990s, many observers feared that Hong Kong would withdraw from the capitalist world. Fortunately, those fears have proven largely unfounded. But now, Hong Kong appears to be taking a major step backward in […]
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 […]
Money Jihad Blog: Why Minneapolis’s shariah loans must end
This is an excellent piece from an excellent blog that all SFW readers should be visiting on a regular basis. This particular entry is especially important as several folks we have spoken with view the Minneapolis program as “no big deal.” It is a big deal and the good folks at Money Jihad blog do […]
Western Financial Organizations Now Reaching Out to Muslim Brotherhood
The Wall Street Journal now has an article published entitled: “Muslim Brotherhood Looks West in Bid to Revive Egyptian Economy.” The article requires a subscription to the Journal, so not everyone who clicks on the link below will be able to read it. But suffice it to say that the West is engaging the Muslim […]
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 […]
Categories
Archives