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 […]
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. […]
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
Craziness for Profit: Shariah Scholar/Advisor Mufti Taqi Usmani Blames Commodities Markets for Financial Crisis
At SFW we have covered Mufti Taqi Usmani extensively over the years. He has long been considered one of the most prominent and influential Shariah scholars in the world of Shariah Compliant Finance. According to many observers, critics and market participants alike, Usmani is the Shariah finance […]
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 […]
Euromoney.com is once again giving out awards for compliance to the financial wing of the barbaric, medieval doctrine known as Shariah. They have a whole host of awards to dole out (no fewer than 19 awards in the field of “Islamic” finance), which probably indicates that these awards are a convoluted effort to drum up […]
The Shariah finance standard-setting body AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) said it would overhaul rules governing Islamic finance scholars whose role and potential conflicts of interest have come under increased scrutiny. Most Shariah-Compliant financial institutions are vying to attract the same small number of influential scholars to their boards, and some of […]
Dow Jones has been shilling for Shariah-Compliant Finance for some time now. After all, the Dow Jones Islamic Index employed the Jihadist Shariah scholar Taqi Usmani as chair of its Shariah advisory board for a long time before rival Investors Business Daily exposed them. Now the flagship Wall Street Journal has published a piece on […]
In the middle of last year, New Jersey-based Javelin Investment Management announced it would offer an ETF based on the Dow Jones Islamic Market Titans 100. http://www.kippreport.com/2010/02/plus-ca-exchange/
From time to time, readers will email us asking for a list of Shariah-Compliant companies. A complete version of such a list is extremely difficult to come by. Some of the better sources for such a listing would be the annual and semi-annual reports of the various Shariah-Compliant investment funds. These reports usually include portfolio […]
QInvest and Fortis Bank Nederland to create first Shariah Compliant “Mezzanine” Shipping Fund.
The Netherlands has now joined the Shariah nightmare as one of that country’s biggest banks, Fortis, is teaming up with QInvest of Qatar to launch a fund to target financing opportunities in the marine transportation industry. This actually gives SFW the opportunity to comment on the wider implications of Shariah Compliant Finance and some of […]
Dow Jones Indexes is set to launch four new indexes for the Middle East and North Africa region, giving investors access to both conventional and Shariah compliant indexes. Note that this index will focus on Saudi Arabia and the standards will be aligned with Wahhabism, the official state religion of Saudi Arabia–and Al Qaeda… http://www.themedialine.org/news/news_detail.asp?NewsID=26203
Dow Jones Indexes has appointed Tariq Al-Rifai as its new director of Islamic indexes. As the leading Islamic finance expert Al-Rifai will be the main liaison between Dow Jones Islamic Market Shari’ah Supervisory Board of five international scholars and Dow Jones Indexes’ maintenance, research and development teams, which are responsible for screening the Shari’ah compliant […]
The Dow Jones Islamic Index, a product which has already caused embarrassment for Dow Jones when it was fully disclosed that the hateful Jihadist Mufti Taqi Usmani sat atop its Shariah advisory board last year, is now set to expand by 11 countries to 68 total nations. Nothing is more illustrative of the march of […]
We wonder if anyone at Dow Jones even knows what Shariah is… “Dow Jones has launched a new Islamic index, which has been simultaneously licensed to an exchange-traded fund (ETF) provider in the US. The Dow Jones Islamic Market International Titans 100 Index will track 100 companies outside the US which have passed sharia screening […]
HSBC’s Shariah Man
Two days ago we linked to an article about financial giant HSBC’s continued and growing embrace of Shariah-Compliant Finance: https://shariahfinancewatch.org/2009/02/25/hsbc-expands-its-embrace-of-barbarism/ Today we would like to elaborate on HSBC’s connections in this area by focusing on the firm’s close ties to a creepy Mufti who has no business being associated with any respected Western financial institution. […]
Dow Jones Islamic Market Index marks 10th Anniversary
The Dow-Jones Islamic Market Index is 10 years old. Excuse us if we decline to join in the celebration of one of America’s financial icons helping our enemy’s threat doctrine infiltrate our financial system. Dow Jones’ due diligence with regard to that entity has been nothing short of LOUSY. Case in point: they brought on […]
Just when we were glad that some in the media were taking a critical look at Shariah-Compliant Finance, Barron’s comes up with a real stinker–an article which amounts to a celebration and promotion of Shariah. As usual, this occurs without the article actually ever defining Shariah or identifying any of its characteristics. This probably should not […]
The selling of our markets to terrorists and radicals who support Shariah Law. Friday, 28 November 2008 12:30pm Dow Jones Indexes has launched the Dow Jones Islamic Market (DJIM) ASEAN Index – the first of its kind that represents the performance of Shari’ah-compliant companies in six of the 10 member states of […]
October 2008 Dow Jones & Company, a News Corporation company (NYSE: NWS, NWS.A; ASX: NWS, NWSLV), today announced that it will be among the exhibitors at the Middle East Money Summit, organized by Arabcom group, a unique two day expo & conference covering all aspects of investments and online trading. The conference will take place […]
By Paul Sperry FrontPageMagazine.com | Wednesday, July 09, 2008 Sheik Muhammad Taqi Usmani has been a rock star of the Islamic finance world, sitting on the sharia supervisory boards of no fewer than a dozen Islamic banks and financial institutions worldwide. For nearly a decade, the mufti also has advised the Dow […]
June trading hits Dow Jones Islamic Market Indexes
New record-high energy prices, global inflationary advances and an increasing threat of a war against Iran sent nearly all Dow Jones Islamic Market (DJIM) regional and industry indexes into negative territory in June. Middle East: 4 hours, 22 minutes ago All Dow Jones Islamic Market indexes suffered falls related stories Islamic Finance and Banking RSS […]
http://www.mondovisione.com/index.cfm?section=news&action=detail&id=75443 The many shariah advisors who sit on this board, also sit on many other Shariah boards for banks. This award is playing into the hands of Shariah finance, and this type of award gives Shariah indices publicity that is tantamount to propaganda. There is no full disclosure as to what “SHARIAH” or the “Islamic […]
Millennium Finance Corp. announces a Major New Shareholder-UGB -and adopting a structure never used before in Islamic or Conventional Banking as part of it’s strategic plan
http://www.albawaba.com/en/countries/UAE/224596 Millennium Finance Corporation announces major new shareholder Dubai Islamic Bank PJSC (DIB), United Gulf Bank BSC (UGB) and the management of Millennium Finance Corporation (MFC) announced today that UGB is to become a significant shareholder in MFC.MFC, a Dubai Financial Services Authority (DFSA) licensed investment bank, was established by […]
UK, Indonesia, HK to launch sovereign sukuk by December Publish Date: Thursday,28 February, 2008, at 01:24 AM Doha Time DUBAI: The United Kingdom, Indonesia and Hong Kong governments are each set to launch their debut sovereign Islamic bonds, or sukuk, by December this year, helping build benchmarks for a market that could be worth as […]
Wall Street Journal Video re: The potential impact and reach of foreign gov investment funds on the US economy and article re; Soverign Wealth Fund Map
Sovereign Wealth Fund Map (This was in a WSJ article below) http://online.wsj.com/public/resources/documents/info-foreignSWF08.html Video: WSJ’s Dennis Berman discusses the potential impact and reach of foreign government investment funds on the U.S. economy. http://link.brightcove.com/services/link/bcpid452319854/bctid1380790724 Lobbyists Smoothed the Way For a Spate of Foreign Deals By BOB DAVIS and DENNIS K. BERMAN January 25, 2008; Page A1 http://online.wsj.com/article/SB120120895483414521.html WASHINGTON — Two […]
The Selling of America-Overseas Investors Buy Aggressively in the U.S.
Overseas Investors Buy Aggressively in U.S. By Peter S. Goodman and Louise Story Go To Original Last May, a Saudi Arabian conglomerate bought a Massachusetts plastics maker. In November, a French company established a new factory in Adrian, Mich., adding 189 automotive jobs to an area accustomed to layoffs. In December, a British company bought […]
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