posted by Christopher W. Holton Shariah finance is a weapon of Islamic imperialism, as evidenced by the fact that Kenya has been targeted for some time to embrace Shariah finance. Unfortunately, those efforts have been successful. Keep in mind that Kenya is less than 12% Muslim, so there is very little inherent demand for Shariah-compliant […]
posted by Christopher W. Holton Shariah compliant finance continues to be an instrument of Islamic imperialism. No where is this more true than in Africa where, in nations like Kenya, which has a very small Muslim population, Shariah compliant financial institutions are descending upon the marketplace. http://www.islamicfinance.com/2017/06/africas-growing-islamic-finance-footprint/
posted by Christopher W. Holton Shariah-compliant Finance is a key instrument of Islamic imperialism, as illustrated by the story linked below. Kenya has been targeted for a few years now by the financial jihadists. Only less than 12% of Kenyans are Muslim, yet Kenya has attracted the attention of Shariah financial institutions for several years, […]
Fifteen years seems an incredible light sentence for a Jihadist who was involved with savage terrorist organizations such as Al Qaeda, which is actively at war with the USA, and Al Shabaab, which has carried out numerous deadly, vicious attacks on civilian targets in east Africa. Nevertheless, the sentence was the maximum allowable under the […]
The Kenyan government recently announced that 30 of 86 Al Shabaab financiers and/or supporters whose bank accounts were frozen by the Kenyan government are sugar smuggler barons. According to the government, the smuggling of sugar from Somalia into Kenya finances terrorism: “Most of the smuggled sugar enters the country from areas controlled by al Shabaab in Somalia. […]
Anyone who tries to draw a distinction between Shariah-Compliant Finance and Shariah itself is either ignorant or dishonest. This was driven home recently in Kenya where Kenya Commercial Bank launched a new Shariah-compliant banking product at which female journalists report that they were compelled to observe Shariah customs, including dress codes. Not surprisingly, the bank denies […]
Kenya Shuts Down 15 Islamic Charities and NGOs for Supporting Terrorism
Kenya has shut down 510 non-governmental organizations (NGO), including 15 for alleged fundraising for terrorism, as part of a security crackdown following repeated terrorist attacks in the east African nation. The Kenyan government’s non-governmental organization (NGO) coordination board indicated that it had “de-registered 510 organizations for non-compliance with the law”, with some using their charitable status as a […]
Shariah Gaining Foothold in Africa Through Shariah Bond Offerings
African markets are starting to open to Shariah finance, primarily through governments’ debut sales of sovereign sukuk (Shariah bonds). Regimes across Africa are using Shariah bonds as a way to attract cash-rich Islamic investors, with South Africa making a $500 million issue in September and Senegal raising 100 billion CFA francs ($208 million) in June. The Tunisian government could […]
Dubai Islamic Bank to Pursue Islamic Imperialism Through Finance
Dubai Islamic Bank plans to expand its operations into Indonesia, Kenya and other African countries. The expansion into Indonesia is not particularly noteworthy, since Indonesia is the world’s most populous Muslim nation. But the plans for Kenya are a different issue entirely. Kenya has a relatively small Muslim population (about 15% at last count) but […]
Kenya Set to Overhaul Financial System to Accomodate Shariah
Kenya’s financial regulator has proposed a separate regulatory framework for Islamic financial institutions as part of a broad ten-year strategy designed to boost capital markets. Most estimates put the number of Muslims in Kenya at only about 15 percent of the population of 40 million. But Shariah-compliant finance, which is also being developed by several other […]
Re-insurers doing business in Kenya have increased premium rates for terrorism by between 10 and 40 per cent. The rise is primarily due to the Westgate Mall attack. http://allafrica.com/stories/201402260714.html
Money Jihad Blog: Saudi-American financed jihad in Somalia and Syria
Another important post from the Money Jihad blog…this time uncovering a story we all missed from back in August… Gufran Ahmed Kauser Mohammed, a naturalized U.S. citizen living in Dammam, Saudi Arabia, has been arrested and extradited to Florida where he awaits trial along with a Kenyan for supporting terrorism. Mohammed wired money to the […]
Peter Bergen is one of the most overrated men in the Western Hemisphere. He has basically parlayed a creepy interview of Osama Bin Laden in a tent somewhere in the late 1990s into supposed expertise on terrorism. The reality is that Bergen isn’t really much of an expert and there is some evidence that Bergen […]
Wikileaks: Popular Somali Money Transfer Mechanism Used to Fund Al Qaeda
According to Wikileaks documents, the popular Somali money transfer firm, Dahabshiil, has been used to provide money for jihad. The WikiLeaks release of the files of detainees of the US’s Guantanamo Bay detention facility suggested Dahabshiil was the money transfer method used by Muhammad Sulayman Barre to fund al-Qaeda’s November 2002 attacks in Mombasa, Kenya. Partially […]
A terror plot targeting Kenyan tourist hotels with chemical explosives was financed by Samantha Lewthwaite, the British widow of 7/7 bomber Germaine Lindsay… http://www.telegraph.co.uk/news/worldnews/africaandindianocean/kenya/9258011/77-bomber-widow-Samantha-Lewthwaite-financed-Kenya-tourist-terror-plot.html
Terrorist funder gets incredibly light sentence from federal judge
Here is an example of an irresponsible federal judge if there ever was one. Abdi Mahdi Hussein attempted to help Mohamud Abdi Yusuf send $21,000 to the Jihadist terrorist group Al Shabaab. Now he says (of course) that he had no idea where the money was supposed to go, and besides it didn’t get there. U.S. […]
Kenyan Tourism Minister Accused of Funding Jihad
Najib Balala is the Minister of Tourism in Kenya and, by all accounts, a gregarious, ambitious public official. He was educated in a US university in Africa and he professes to be a devout Muslim. Recently, he has come under fire for possible financial arrangements in which donations to a controversial mosque may be finding […]
Egypt delays sukuk as financial jihad comes to South Africa and elsewhere
The political unrest in Egypt has forced that country to delay setting up the structure for sukuk (Islamic) issuance, but the financial jihad is moving into Nigeria, Kenya and, most ominously, South Africa. The delay in Egypt will no doubt be short-lived, given the growing influence of the Muslim Brotherhood in the political power structure […]
Njuguna Ndung’u, governor of the Central Bank of Kenya has announced that the bank will be introducing new regulations by the end of the year to eliminate the tax barriers that have prevented the issue of Shari’ah compliant treasury bonds. Ndung’u said that the CBK had received requests for projects that would require financing through […]
Financial Jihadists Continue Missionary Operations in Kenya
The African nation of Kenya has a Muslim population that makes up about 15% of its citizenry. Nevertheless, elements from the Islamic world, particularly the Gulf nations, have targeted Kenya for Shariah Compliant Finance… http://www.africancapitalmarketsnews.com/454/sharia-compliant-finance-grows-in-kenya/
Kenya has been targeted by the financial jihadists for some time now, as we have reported on SFW in the past: https://shariahfinancewatch.org/category/kenya/ Now the government of Kenya has begun to embrace Shariah with the decision to issue Shariah-Compliant bonds, also known as Sukuk. No doubt, the Kenyans bowed to pressure from Muslim money interests to […]
Barclays woos Muslims in Kenya by joining the financial jihad
Barclays Bank has unveiled two new Shariah compliant products offered in Kenya. SFW readers may wish to take Barclays’ Shariah activities into account when making your own financial decisions… http://www.standardmedia.co.ke/business/InsidePage.php?id=2000002308&cid=14
Shariah-Compliant Finance has been described as a Trojan Horse for for broader Shariah infiltration around the world. This is certainly true of Africa, where Shariah is on the march through armed Jihad in Somalia and parts of Nigeria. The just as dangerous, but harder to detect dawah method of Shariah-Compliant Finance, on the other hand, […]
Written by Githua Kihara and Beatrice Gachenge Gulf African Bank banking hall September 1, 2008: more………..http://www.bdafrica.com/index.php?option=com_content&task=view&id=9699&Itemid=5812 Gulf African Bank, the first fully Sharia compliant bank in Kenya, has launched a savings accounts for Muslim pilgrims. The product called Hajj savings account targets faithful going to fulfil one of the pillars of the […]
CEO certain Islamic banking will take root in Kenya Written by Getahi Njeri Mr Najmul Hassan August 26, 2008: For Najmul Hassan, 54, the new CEO Gulf African Bank, starting a business from near scratch is not new. That is why he did not find quitting a high profile job, as general […]
Kenya: Islamic Bank Seeks Market Dominance The Nation (Nairobi) 22 August 2008 Posted to the web 22 August 2008 Amina Kibirige Nairobi A second Islamic bank has opened a branch in Mombasa in as many months setting the stage for fierce competition between the institutions which carry out business according to the Shariah law and […]
What sets Islamic banks apart from other banks Written by Cathy Mputhia http://www.bdafrica.com/index.php?option=com_content&task=view&id=6516&Itemid=5848 Mr. Salim Abdalla, CEO of Gulf African Bank March 19, 2008: Recently, two Islamic banks were licensed by the government to carry out operations in Kenya, with one of them, the First Community Bank already in active practice. What sets Islamic banking […]
Kenya get first Islamic bank Posted on Friday 14 March 2008 http://www.africanews.com/site/list_messages/16558 Maina Waruru, Africanews reporter in Nairobi, Kenya Two branches of the first fully Sharia compliant bank in Kenya, the Gulf African Bank (GAB), have opened Nairobi. The bank’s officials say they will offer services to all while observing the rules of credit and […]
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