In a refreshing step in the right direction, the British have decided to try to
make it harder for “extremists” to enter the United Kingdom. They will also
publish a list of “preachers of hate,” .i.e. Muslim clerics who advocate
Does this have a connection to sharia-compliant finance? Actually, yes, it does.
One of the “preachers of hate” that was already banned from the UK earlier this
year, before this new, tougher policy went into effect, was Sheikh Yusuf
al-Qaradawi, one of Islam’s most prominent sharia scholars and one that is
integral to the world of Islamic finance. Qaradawi, a member of the Muslim
Brotherhood, is president of the European Council for Fatwa and Research and the
president of the International Association of Muslim Scholars. He currently
serves on sharia advisory boards of financial institutions in Qatar and Bahrain.
Qaradawi was formerly the chairman of the sharia advisory board of Bank
Al-Taqwa, which was designated a terrorist entity by the US Treasury Department
and the UN for funneling money to several terrorist groups through Islamic
Qaradawi has been banned from entering the US since way back in 1999.