Germany is resisting international pressure to freeze the activities of an Iranian-owned bank based in Hamburg that U.S. officials say provides the financial lifeblood for some of Iran’s blacklisted companies. U.S. and European Union officials in recent months have stepped up pressure on Germany to close down the European-Iranian Trade Bank AG—including a Feb. 2 […]
The Banker points out problems with Shariah Finance
The British publication “The Banker” has mostly been a cheerleader for Shariah Finance for several years and they have written an article which, while viewing Shariah Finance in a positive light, also points out some of its serious flaws: • “Greed and selfishness” exist in Shariah Finance just as they do in conventional finance. This […]
Douglas Farah on Iran’s Expanding Latin American Reach
Douglas Farah is one of America’s most valuable experts on the subject of Jihad and the financial aspects of Islamist terrorism. On Friday, 23 October, Farah posted an excellent article on Iran’s continuously growing activities in the Western Hemisphere, with a particular emphasis on Iran’s inroads into the financial services sector in Central and South […]
The Washington Times weighs in on Shariah-Compliant Finance
The Washington Times has a good piece on Shariah-Compliant Finance this morning, authored by Simon Roughneen. Roughneen did a good job of covering the issues involved, though I wish he had mentioned the system of zakat by name, because that is one of the aspects that makes Shariah-Compliant Finance so worrisome. When slimey enemies of […]
The latest fallout from a combined Manhattan District Attorney and Treasury Department investigation has settled on a Red Chinese firm and several Iranian firms, with some useful idiots in the form of Western banks stuck in the middle. The last time this investigation erupted was when Bank Melli, the world’s largest Shariah-Compliant financial institution, was […]
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 […]
Categories
Archives