Christopher Logan over at Islam in Action blog has posted a follow up to his interview of the president of University Bank in Ann Arbor, Michigan. Like part 1, it makes for interesting reading…we very much look forward to part 3… http://islaminaction08.blogspot.com/2009/03/exclusive-q-with-president-of-michigan_07.html
Back on the 5th of January, we featured an original report on Bank Melli, the world’s largest Shariah-Compliant Financial Institution. https://shariahfinancewatch.org/2009/01/05/iran-terrorism-proliferation-and-shariah-compliant-finance/ Now the Treasury has issued additional details on Shariah-Compliant Bank Melli’s proliferation activities and why the bank and its associated companies and business partners have been put under US, EU and Australian sanctions. The […]
Shariah-Compliant Finance spreads its tentacles across borders and faiths
We at SFW have said all along that promoters of Shariah-Compliant Finance are ultimately looking to infiltrate our society and culture. Shariah finance is a first step in that process, especially using Shariah rules to govern transactions with non-Muslim entities. Over time, these types of transactions become accepted. Then they become the norm. It is […]
If any of our readers still does business with HSBC, you may be interested in this article… http://ftadviser.com/InvestmentAdviser/Investments/Region/FrontierMarkets/News/article/20090223/a7001eb2-ff62-11dd-ac57-00144f2af8e8/HSBC-targets-sharia-in-UK.jsp
Report: Western banks divesting their Shariah-Compliant units
At a time when promoters of Shariah-Compliant Finance are spreading propaganda that Shariah is the salvation from the financial crisis, Western firms are starting to unload their Shariah-Compliant units. Both Barclays and Citi have decided to do so. The idea that Shariah provides any safety net flies in the face of reality, as evidenced by […]
The Dubai Chronicle was kind enough to post an article with a list of the award-winning players in the field of Shariah-Compliant Finance. These were tabulated through a non-scientific survey of folks in the industry itself. Personally, I would prefer to think of this as more of a “Dirty Dozen” list. But that’s just me… […]
Iran, Terrorism, Proliferation and Shariah-Compliant Finance
In April of 2008, I attended Harvard Law School’s celebration of “Islamic Finance.” This event has been labeled by others as “shilling for shariah” at Harvard and, I must say, that is exactly what it was. During the two days of presentations, there was absolutely no critical thought expressed on the wider issue of Shariah. […]
Bank of America, beneficiary of your tax dollars, bought Merrill Lynch on a firesale price, after Merrill had begun selling shariah compliant products. Shariah Compliance means ALWAYS having to say you’re sorry. It’s called submission. Your tax dollars at work….Now Merrill is paying $1.5 million to an Iranian muslim who claims he was fired because […]
Stock markets across the Arab world experienced unprecedently sharp losses when trading began following the Id al-Fitr holiday earlier this week. The seven stock markets in the oil rich Gulf states shed around $150 billion of their capitalization in the course of the week. The market in Saudi Arabia sank by 7 percent. […]
Local Institutions Urged to Buy UAE Equities Jose Franco 17 September 2008 aliasfrequencies.org/son/images/meltdown.jpg DUBAI – Local institutions are being urged to buy stocks to perk up the UAE markets as foreign investors continue to leave and oil prices drop, and speculation is ripe that turmoil in the US financial sector will spread. […]
Dubai Holding forms $10bn global Islamic venture Published: Wednesday, 7 May, 2008, 02:24 AM Doha Time Dubai: Dubai Holding, the investment group owned by Dubai ruler Sheikh Mohamed bin Rashid al-Makhtoum, merged its Dubai Bank and Dubai Islamic Investment Group units to create a $10bn venture that will buy companies overseas. The venture, Dubai […]
UPDATE 1-Italy bristles at Libya warning on right-winger Sun May 4, 2008 1:08pm EDT http://www.reuters.com/article/rbssEnergyNews/idUSB51097420080504?sp=trueRoberto Calderoni By Deepa Babington ROME, May 4 (Reuters) – Italy’s foreign minister attacked Libya’s warning against appointing a far-right lawmaker to a ministerial post as “intolerable” interference in internal affairs, adding to a growing political outcry over the issue. […]
Axis Bank of India opens Branch in Dubai
Axis Bank opens its Representative Office in Dubai Axis Bank, a leading private sector Bank in India has opened its Representative Office in Dubai today. The representative office in Dubai will mark their valuable presence in the region, enabling the bank’s clients gain easier access to the banks services.The Representative Office will be engaged […]
New Delhi, Mon, 28 Apr 2008 Noor En Ahmed The Indian Economy is blazing since last couple of years, as per government claims and similarly Indian stock exchange is also showing remarkable performance by crossing the 21K mark however, it also dipped below 15K. But it happens in the stock market and market expert […]
“Islamic Banking is a Legitimate Demand”(?)
http://aawsat.com/english/news.asp?section=6&id=12545 Islamic Banking is a Legitimate Demand25/04/2008Lahem al Nasser Riyadh, Asharq Al-Awsat – The Islamic nation in all its stages has suffered under the weight of usury until recently since it had no other choice but to deal with the products of colonialism. Usury is a tool that was employed [by the occupational […]
The Economist-The Rise of the Gulf
The rise of the Gulf Apr 24th 2008 From The Economist print edition http://www.economist.com/opinion/displayStory.cfm?Story_ID=11089616 The Gulf is managing its wealth better during this boom than it did during the last one Justin Pumfrey MOST countries earn their keep through effort and ingenuity. Those of the Gulf owe their living to geological serendipity. The […]
http://www.bloomberg.com/apps/news?pid=20601109&sid=aSUZkL801YwY&refer=home Carlyle Scrounges for Buyouts in Dubai as Rubenstein Rues Fund By Jason Kelly April 23 (Bloomberg) — It’s been a rough few months for David Rubenstein, co-founder and managing director of Carlyle Group. As the subprime crisis sent dealmaking into a tailspin last August, Carlyle barely saved its buyout of Home Depot […]
Islamic Bank Stresses Morality University Islamic Financial brings new model of banking to Tysons Corner.By Mike DiCicco Tuesday, April 22, 2008 http://www.connectionnewspapers.com/article.asp?article=313669&paper=73&cat=104 There is no shortage of banks in the Tysons Corner area, but the branch that recently opened in an office building on Spring Hill Road does business a bit differently than the rest. […]
WAQF Showcases Career Opportunities for UAE Nationals how waqf works 17 April 2008 Waqf a key participant at Careers UAE 2008 The Waqf Trust Services, the world’s first exclusive Islamic trust services provider, was a key participant at the Dubai International Financial Centre (DIFC) Pavilion at this year’s Careers UAE. […]
Dubai International, Dubai Islamic Plan New Jordan Islamic Bank http://www.bloomberg.com/apps/news?pid=20601116&sid=arqhbPFtLRyY&refer=africa By Arif Sharif and Will McSheehy April 16 (Bloomberg) — Dubai International Capital LLC and Dubai Islamic Bank PJSC plan to start a new Islamic bank in Jordan, Dubai International’s Chief Executive Officer said. The two state-backed companies plan to “create” the new bank after […]
Dow Jones Indexes opens first Middle East office by Talal Malik on Monday, 14 April 2008 http://www.arabianbusiness.com/516453-dow-jones-indexes-opens-first-middle-east-office?ln=en Major global index provider Dow Jones Indexes said on Monday it had opened its first Middle East office in Dubai in a bid to boost its coverage of the region and Islamic finance sector. The Middle […]
“Micro Finance” is said to “help people out of poverty, by providing credit without collateral” Conference in Dubai, by Nobel Peace Prize Winner Muhammad Yunus
http://www.ameinfo.com/153089.html Nobel Peace Prize winner and ‘banker to the poor’ Professor Muhammad Yunus will provide a special focus on ethical and micro-financing in the Muslim world at the International Islamic Finance Forum which opens in Dubai on 13 April 2008. related stories IIFF RSS feed Scholars lay down rules on Sukuk Gulf mega-Sukuk […]
http://bestloansandmoneyblog.com/salam-cafe-season-two-episode-fifteen-16/ This is a program from Australia trying to sell the virtures of Islam and Islamic Banking. Watch this, learn what the program is about, and lets try to stop this incidious way to spread Shariah law into the west.
Rate-A-Stock http://muslim-investor.com/ Stocks Submitted by Muslim Investor on Sat, 2002/05/18 – 15:46. Not all stocks available confirm to Islamic principles. Therefore, a Muslim investor is faced with the dilemma of selecting stocks fromthe thousands of available companies.Regular research available on the web does not address this aspect, at least up till now. […]
What to do when a Central Bank is the bad actor 26 March 2008Central Bank of Iran Hat tip-Osint The blunt warning, delivered last week by FinCEN in a major Advisory on Iran, of the risks to the international financial system posed by the Iranian financial sector, including the Central Bank of Iran, adds a […]
Deutsche Börse: Five New iShares ETFs Launched On Xetra – Product Range Expanded To Include Sharia-Compliant ETFs http://www.mondovisione.com/index.cfm?section=news&action=detail&id=73487 25/03/08 Deutsche Börse is further expanding its XTF segment for exchange-traded funds (ETFs) on the pan-European Xetra trading platform and is listing five additional ETFs issued by Barclays Global Investors. The following three iShares ETFs enable […]
Arab financial offensive on US companies concerns Analysts By YAAKOV LAPPIN http://www.jpost. com/servlet/ Satellite? pagename= JPost/JPArticle/ ShowFull& ci d=1205420704582> &cid=1205420704582 As US shares continue to fall and the American economy reverberates with fears that a subprime-mortgage- driven recession has begun, affluent Gulf states are seizing the opportunity to increase their control of financial companies and […]
Mayfair Bridging looks to add Sharia product Story by: Sharon Flaherty http://ftadviser.com/FTAdviser/Mortgages/News/article/20080318/de98cce2-f4dd-11dc-805f-0015171400aa/Mayfair-Bridging-looks-to-add-Sharia-product.jsp Published Tuesday , March 18, 2008 Mayfair Bridging is looking to add a Sharia bridging loan product to its range, the lender announced today. It said it is in consultation with a number of Muslim clerics with regards to implementing a Sharia based […]
In depth hat tip-Creeping Shariah Blog http://www.ft.com/cms/s/0/3f58af12-f0a0-11dc-ba7c-0000779fd2ac.html Islamic stamp levy loophole closed By David Oakley, Capital Markets Correspondent Published: March 13 2008 02:00 | Last updated: March 13 2008 02:00 A loophole allowing commercial property investors to avoid paying stamp duty on an estimated £1bn of deals was closed in the Budget on […]
From left: Abdulla Showaiter, Esam Janahi, and Diab Bin Zayed Al Nahayan. http://media.ameinfo.com/interstitials/ad.html?oldURL=http://oas.ameinfo.com/RealMedia/ads/click_lx.ads/www.ameinfo.com/news/2729/584372193/Position1/AME/70643_OneFinancial_TXT/70643_OneFinancial_TXT.html/34633564353366343437376339323330?&timer=60000 What is a sponsored TextLink? related stories Gulf Finance House announces $3bn Economic Development Zone in Algiers Gulf Finance House declares 95% dividend for 2007 Gulf Finance House pioneers Energy City Libya in $3.8bn deal with the Economic and Social […]
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