posted by Christopher W. Holton Islamic Relief Worldwide, or IRW, a United Kingdom-based humanitarian relief agency with a U.S. chapter, has received hundreds of thousands of dollars in U.S. federal grants in recent years, including $370,000 for the fiscal years 2015 and 2016. Quite naturally, IRW wants to keep the spigot of federal dollars flowing, […]
Dana Gas rejects new Shariah bond restructuring proposal
posted by Christopher W. Holton Dana Gas dismissed a new proposal from bondholders for the restructuring of US$700 million worth of sukuk, in the latest twist of an acrimonious dispute closely watched by Islamic finance practitioners. Discussions between Dana Gas and its sukuk holders soured earlier this year, when the company claimed outstanding sukuk, due […]
posted by Christopher W. Holton Charities in the United Kingdom are regulated by a governmental agency known as the Charity Commission. Over the years, the Charity Commission has found itself investigating multiple Islamic charities for a variety of irregularities, including supporting jihad. Now we have another example. The Charity Commission has opened a statutory inquiry […]
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