Al Baraka Banking Group has announced its collaboration with the World Bank to begin a research partnership that would be beneficial to the global Islamic banking industry. The partnership’s first initiative, part of a planned series of research projects, will be a study examining the risk-management challenges facing Islamic banks, with a particular focus on Musharaka and […]
Bahrain-based Al Baraka Banking Group said it is considering issuing subordinated Shariah-compliant bonds through its South African and Pakistani units. The South African issue is obviously more significant from a geopolitical standpoint since Pakistan is already an Islamic nation with a mature system of Shariah finance. South Africa, on the other hand, is not an Islamic nation, […]
Yale Establishes Shariah Law Center with $10 Million “Donation” From Saudi Shariah Finance Titan
By Christopher Holton Yale has now joined its Ivy League rival Harvard by establishing a center designed to promote Shariah in America. And, just like Harvard, Yale has prostituted itself to do so by taking a $10 million inducement from a wealthy Saudi financier who made his fortune in none other than Shariah-compliant finance. That […]
Turkey is fast becoming the “poster child” for Islamization and Shariah-Compliant Finance. This is no secret, in fact another post from earlier today pointed this out: https://shariahfinancewatch.org/2013/05/31/shariah-banks-thrive-in-previously-secular-turkey/ We also came across another article about the emergence of sukuk, or Shariah-Compliant Bonds in Turkey. As we have pointed out on numerous occasions, sukuk are increasing the […]
Shariah Financial Institutions
As a result of these numerous inquiries we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. In some cases, the entire institution is Shariah-compliant. In other cases, the overall institution is not Shariah-compliant but it has a division or subsidiary that […]
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. […]
Adnan Yousif: The Godfather of Global Shariah-Compliant Finance
Most of us in the West never heard of Adnan Yousif, but we probably should, because he has been named as a driving force behind the global spread of Shariah-Compliant Finance in a fluff piece published overnight on The Economist web site. Yousif is important enough for The Economist to […]
Middle EastRoyal Bank of Scotland Group had rebranded all the ABN AMRO businesses it took over in the GCC states last year, including United Arab Emirates and Qatar. Bahrain’s Albaraka Banking Group (ABG) has seen a surge in its net profit by 62%. The results for the first half of 2008 showed net income increased […]
Letter On Islam And The Government By letters to the editors October 15, 2007 Dear Editor, I have recently been reading, in your internet daily, quite a lot about religious extremism in the Maldives, especially on account of the bomb blast in Male in late September and the subsequent focus on the island of Himaadhoo, […]
Islamic banks resist Central Bank sin Monday, July 7, 2008 SEFER YÜKSEL ISTANBUL – Referans The fundamental principle of Islamic banking is never to receive or yield interest. But the Central Bank’s monetary policy complicates this procedure in Turkey. The Turkish Central Bank yields a certain amount of interest to […]
http://wwwwbipicoml ink.blogspot. com/ <http://wwwwbipicoml ink.blogspot. com/> (check out these links and links below) June 19, 2008 OFFICALS CLOSE TO UNCOVERING FINANCIERS OF TERROR; SAUDI ARABIA Officials close to uncovering financiers of terror in Saudi Arabia: Prince Naif Arab News JEDDAH: Interior Minister Prince Naif has announced that security officials are close to uncovering the […]
CENTER NetSol Technologies Announces Approval to Dual List on the Dubai International Financial Exchange (DIFX) Listing to Mark First Ever U.S. Company to Dual List on DIFX Exchange; Current Float Available, No New Shares Offered June 05, 2008: 08:30 AM EST NetSol Technologies Inc. (“NetSol”) (NASDAQ: NTWK), a worldwide provider of global business services and […]
http://www.examiner.com/a-1419604~Alyssa_A__Lappen__Congress_should_outlaw_shari_a_finance.html Commentary Alyssa A. Lappen: Congress should outlaw shari’a finance Alyssa A. Lappen 2008-06-02 11:08:56.0 A spate of conferences in the U.S. recently on Islamic banking – i.e. shari’a finance – signals a worrisome American blindness to the budding industry’s inherent dangers. Among the perils of shari’a finance, according to a January analysis by Moody’s […]
http://www.gulf-daily-news.com/story.asp?Article=217882&Sn=BUSI&IssueID=31061 Sharia scholars to review challenges MANAMA: Leading Sharia scholars will gather in Bahrain for the annual Sharia Conference. It is being organised by the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI).The conference is being held under the patronage of Central Bank of Bahrain and will take place on May 27 and […]
By Alyssa A. Lappen FrontPageMagazine | May 12, 2008 The global sub-prime mortgage mess would have been “unthinkable in the Islamic capital markets sector,” Malaysian Islamic finance scholar Mohammed Mahmud Awan told Arab News on April 24; Islamic law, or “shari’a principles” would prohibit selling “a debt against a debt,” Awan said at […]
Gulf Islamic banks continue to outperform conventional peers The Commercial Bank of Kuwait has applied to transform into an Islamic lender (AFP) By Darren Stubing on Sunday, April 27, 2008 http://www.business24-7.ae/Articles/2008/4/Pages/04272008_70eea8abe8c54a0c82265b6cc54f9df8.aspx Gulf Islamic banks continue to grow at a strong pace in excess of conventional banks in the GCC countries. Islamic financial institutions […]
BANKS: ITALY HOLDING BACK, NO ISLAMIC FINANCE FOR THE MOMENT (ANSAmed) – MILAN, APRIL 22 – A total 900,000 Muslims live in Italy and there are 70,000 companies set up by citizens coming from Arab countries. However, an ‘Islamic bank’, unlike in almost the entire Europe and the USA where the total sector’s assets stand […]
Shariah Law in Britain: Alive and Well Tuesday 26 February 2008 By Mohammed Al Shafey London, Asharq Al-Awsat- For many years the Shariah Council in Tottenham, North London, was headed by Omar Bakri, the leader of the UK-based Islamist organization al Muhajiroun [disbanded in 2004] and the founder of the extremist group al Ghurabaa. Bakri […]
muslimmatters.org Discourses in the Intellectual Traditions, Political Situation, and Social Ethics of Muslim life 19th Feb, 2008 Muslim’s Guide to Debt and Money Management Part 6 Intro | Part 1 | Part 2 | Part 3 | Part 4 | Part 5V. Cars, Houses, and ….. oh yes… STUDENT LOANS So now we have learned […]
Islamic Charities and the IRS Finally, the former leaders of al Qaeda affiliated Boston “charity” <http://www.washingt onpost.com/ wp-dyn/%20conten t/article/ 2008/01/11/ AR200801 1103409.html> CARE Int., were convicted. Not for funding al Qaeda, which they have, but for cheating on their taxes. CARE Int. members not only funded al Qaeda, but also had access to U.S. top […]
Tuesday, February 05, 2008 Downeast Blog Posts Filip Dewinter’s Letter to the Bank by Dymphna From Downeast, last week. I hadn’t seen any information on this before. Mike has translated an open letter from Filip Dewinter to his former bank, Fortis. As he says in his title: “IF FILIP DEWINTER DID NOT EXIST, THEY’D HAVE […]
IBF NET | IIIBF CERTIFICATION PROGRAMS | PARTNERS | PUBLICATION | E-LIBRARY | FORUM | CIBFP | IBF STEP | DIRECTORIES | EVENTS | FAQ ISLAMIC FINANCIAL INSTITUTIONS Middle East | South East Asia | Indian Subcontinent | Africa | Europe, America & Rest of the World MIDDLE-EAST Bahrain Bahrain Islamic Bank ABC […]
Are We Winning The Financial War On Terror? – Another Perspective By Victor Comras http://counterterro rismblog. org/2008/ 01/are_we_ winning_the_ financial_ w_1.php A few days ago my colleague Matthew Levitt published <http://counterterro rismblog. org/2008/ 01/are_we_ winning_the_ financial_ w.php> here an insightful essay asking, rhetorically, whether we are winning the war against terrorism financing. His piece was […]
This is an important document to study, as it gives the perspective of banking under Sharia Law, with terms and glossary so we can understand what it is we are concerned about, and therefore give us an education as to how to stop the influx of Shariah banking in the Western World. The far reaching […]
The 14th Annual World Islamic Banking Conference
function printPage(){ document.getElementById( ‘btnPrint’ ).style.display = “none”; document.getElementById( ‘btnClose’ ).style.display = “none”; print(); document.getElementById( ‘btnPrint’ ).style.display = “inline”; document.getElementById( ‘btnClose’ ).style.display = “inline”; } window.focus() thead { display: table-header-group; } .sponsor1{color:#999999;font-size:10px;} .sponsor2{color:#999999;font-size:14px;} world islamic banking conference focuses on combatting competition & capturing new international growth markets The 14th Annual World Islamic Banking Conference […]
Alyssa Lappen href=“http://frontpagemagazine.com/Articles/authors.aspx?Name=Alyssa%20A.%20Lappen”> Alyssa A. Lappen</a> <a href=“http://frontpagemagazine.com/Articles/Read.aspx?GUID=1E90E478-FA24-45F9-A43D-F47D8C4B9CE2”><em>FrontPage Magazine</em></a> | Nov. 14, 2007 In October, Abu Dhabi Prince Nahayan Mabarak al-Nahayan advertised his <a href=“http://www.nysun.com/article/65315”>ultra-conservative sheikdom’s</a> openness “in this age of globalization,” and having had world trade “from ancient times” by welcoming 100 world-class Jewish intellectuals to the United Arab Emirates (UAE) second biennial “Festival […]
Islamic “megabank” to launch
The creation of a planned Islamic investment megabank is in ‘fairly advanced stages’ and it will likely be launched in the next six to 12 months, an executive at a firm advising on the project said on Thursday. A plan to form the world’s largest sharia-compliant lender – which is being promoted by the chairman […]
Shariah Finance industry holds award dinner
Though it is not the main theme of the article linked below, a major awards dinner was held in Kuala Lumpur, Malaysia on Tuesday night and we thought the listing of recipients was interesting in that it provides insight into the major players working to promote Shariah through its financial arm. It is always also […]
Shariah Banking Expands in South Africa
Al Baraka bank now has six branches and four corporate offices in South Africa serving 40,000 customers. It is a subsidiary of Al Baraka banking group of Bahrain. Perhaps not coincidentally, South Africa has developed problems with Jihadist groups in recent years, though this has not received much attention in Western media, possibly because of […]
FINANCE: ISLAMIC BANKS IN FRANCE FROM 2009 (ANSAmed) – PARIS, NOVEMBER 27 – From next year Islamic banks conforming to sharia law, could be part of the panorama of the French banking system. Economy Minister Christine Lagarde said at the opening of the second French forum of Islamic finance that she had decided to “make […]
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