posted by Christopher Holton Regular readers of SFW know that one of the chief concerns surrounding Shariah-compliant finance is the issue of Islamic charities funding jihad. We have posted dozens of articles on the subject over the years. This posting is but the latest example. A Briton named Umar Haque has been sentenced to prison […]
In February 2014, the Kuwaiti KUNA press agency announced that a Montreal high school administered by Samer Al-Majthoub (aka Samer Majzoub) received an amount equivalent to $US 70,671 from the embassy of Kuwait in Canada. The embassy was acting on behalf of Kuwait’s Ministry of Awqaf and Islamic Affairs. Recent GMBDW articles have highlighted other recent contributions […]
The US Treasury has sanctioned a top Al Qaeda official and a madrassa in Peshawar, Pakistan for serving as a terrorist training center supporting Lashkar-e-Taiba, the Pakistan based terrorist group behind the 2008 Mumbai terrorist attack. Targeting Jamia Taleem-Ul-Quran-Wal-Hadith Madrassa, also known as the Ganj madrassa, the Treasury department said the Peshawar based religious school […]
“Extremism” on the Rise in Zanzibar–Thanks to Saudi Money and Islamic Charities
The Financial Times has an important article about the influx of Salafi Islam in the island region of Tanzania known as Zanzibar. The article doesn’t draw any of the correct conclusions about what is happening there, but it contains enough clues to build a picture. For folks who don’t remember, Tanzania is one of the […]
Zakat Support for Madrassas
Madrassas have been in the news quite a lot lately, mostly associated with a ludicrous speech given by Congressman Andre Carson praising these Islamic schools as a model for education in the US. The reality, naturally, is far different. In the Islamic world, particularly in the Middle East and southwest Asia, madrassas are widely used […]
Hat tip to Creeping Sharia: http://creepingsharia.wordpress.com/2011/06/26/canadian-mosque-gets-sharia-compliant-loan-fails-to-pay-it-back/ A Halifax, Nova Scotia mosque and community center run by the Maritime Muslim Academy has had a lien placed on its assets by the architecture firm it hired to design the complex. The mosque was not financed in a conventional manner, since paying or receiving interest is haram under […]
Al Qaeda called a ‘money making machine’ by British official–that’s not even HALF the story
The article below from The Telegraph in Great Britain quotes a British Foreign Office director as describing Al Qaeda as a “money making machine,” due to Al Qaeda in the Islamic Maghreb’s practice of ransoming hostages for money. Evidently, Italy, Spain, Austria and Switzerland have all paid such ransoms to the Jihadist terrorist organization. This […]
A powerful Islamic seminary in northern India, with ties to Jihadist groups, has issued a fatwa, or decree, against Muslims working in banks. According to a spokesman for the seminary, tenets of Shariah law state that Muslims must not work in banks because as employees they would have to deal with transactions involving interest and […]
Reader Tim alerted us over the weekend to the fact that Muft Taqi Usmani is no longer listed as chief of HSBC’s Shariah Advisory Board. http://www.hsbcamanah.com/amanah/about-amanah/islamic-banking/shariah-supervision Note, however, that Usmani’s son is now listed as a member of this body. The younger Usmani is considered antiseptic enough for Western financial institutions and has no known […]
Are We Financing Our Own Demise?
Gadi Adelman and the intrepid Joy Brighton have just published an outstanding analysis of Shariah-Compliant Finance over on the Financial Security Matters site. Please take the time to read it and pass it on to your friends and associates: http://www.familysecuritymatters.org/publications/id.5632/pub_detail.asp
Long time readers of SFW are likely familiar with Sheikh Yusuf al-Qaradawi. Qaradawi chairs the Shariah advisory boards of some major international financial firms and is also chairman of the Union of Good, a group of Islamic charities which support Jihadist terrorist organizations. Qaradawi is also infamous for declaring in late 2008 that “Islamic” finance […]
Nigeria has been periodically racked with Jihadist violence and the stated goal of Jihadist terrorists there is the imposition of Shariah law. Now, it appears that one of the chief proponents of Shariah in Nigeria, Alhaji Attahiru Bafarawa, the former governor of the Nigerian state of Sokoto, has been accused of stealing a large sum […]
British Government grant to Islamist-associated charity criticised
Regular readers of SFW will recall that we closely monitor the activities of Islamic charities due to the history of many such charities providing funds to Jihadist terrorist organizations: https://shariahfinancewatch.org/category/islamic-charities/ It is not uncommon for Islamic charities to be closely aligned with political movements. What is unusual, however, is when a Western government gives money […]
Diploma in Islamic finance for muftis in India
A madrassa in Hyderabad will offer a diploma course in Islamic finance to muftis, for the first time in India. The diploma in Islamic finance would focus on imparting knowledge to students in economics, investment according to Shariah rules and preparation of the documents for financial products and services. http://economictimes.indiatimes.com/Diploma-in-Islamic-finance-for-muftis/articleshow/5127143.cms?
Why Muslim Charities Fund the Jihad–MUST READ article from Raymond Ibrahim
Raymond Ibrahim is absolutely one of America’s foremost experts on Jihad. His book, “The Al Qaeda Reader,” is especially a real eye-opener in terms of the critical role that Shariah plays in Jihad. Today, over at Pajamas Media, Ibrahim has written an article which covers a topic that we have focused a great deal of […]
Support Your Local Shariah
David R. Stokes has written an excellent column on the Islamic Saudi Academy controversy in northern Virginia, as well as the insinuation of shariah into Western civilization, particularly Western Europe… http://townhall.com/columnists/DavidRStokes/2009/08/02/support_your_local_sharia&Comments=true
The Middle East North Africa Financial Network has just published a report on Shariah-Compliant Finance. The report (linked below) starts out with a promising title–“Shariah Compliant or Complaint”–but soon resorts to the same misinformation about the performance of Shariah-Compliant assets and vehicles for which the industry is now infamous. http://www.menafn.com/qn_news_story_s.asp?StoryId=1093254534 The MENAFN report glosses over […]
Hizb ut-Tahrir: Jihadists target “capitalism”
Hizb ut-Tahrir is a global Jihadist political organization which has been especially active in Great Britain in recent years. The organization is banned in Germany and has been declared a terrorist organization. Now, as the excellent folks at the Counterterrorism blog explain, they are emerging in the USA: http://counterterrorismblog.org/2009/06/hizb_ut-tahrir_america_enters.php Hizb ut Tahrir has an English […]
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