What’s Next? Shariah-Compliant Hotels (complete with zakat payments to Islamic charities and EEOC violations)
The hospitality industry has generally been haram under Shariah-Compliant Finance, but that is changing. Now we’re seeing a movement to expand Shariah-Compliant hotels into the West. A close examination of the mechanisms and practices surrounding Shariah-Compliant hotels illustrates just exactly why the the barbaric Shariah code is almost completely incompatible with Western values and laws. […]
The very capable folks at Money Laundering Alert sent out an email bulletin and posted an article online about the US Treasury Department recently fining Qatar’s largest private bank, Doha Bank $5 million. The fine was imposed because Doha Bank failed to file Suspicious Activity Reports (SARs) over 500 times over the past three years […]
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 American Spectator’s Quin Hillyer focuses on Shariah Finance
Blocking the Funds of Terrorists It was treated as big news on Tuesday when Manhattan District Attorney Robert Morgenthau indicted Chinese executive Li Fang Wei and his company for using New York banks to finance the sale of tons of restricted, weapons-related material to Iran. But the truth is that some of these same banks […]
Andrew McCarthy is an American hero. He was going after Jihadists and putting them in prisons for years before most of us were even paying attention to the Jihadist threat. Now, he explains that the threat is much more comprehensive than just terrorism and he explains why that is so dangerous…via the good folks at […]
All too frequently, an article will appear in the news media extolling the virtues of “Islamic” finance as a way to protect wealth from the ravages of the current financial crisis. When we first came across a recent article in the Sacramento Bee, we figured that we had another case of this and were prepared […]
Regular readers of SFW know by now that one of the more sinister aspects of Shariah-Compliant Finance is the shady practice of distributing zakat payments to various Muslim charities, dozens of which have been tied to terrorism. We have covered these subjects here: https://shariahfinancewatch.org/category/islamic-charities and here: https://shariahfinancewatch.org/category/zakat/ The NEFA Foundation has now published a […]
Al Qaeda endorses Shariah-Compliant Finance
The NEFA Foundation has obtained and translated a German-language video recording of German Al-Qaida member Bekkay Harrach (a.k.a. “Abu Talha the German”) produced by the As-Sahaab Media Foundation. During the video, titled “Islam and the Finance Crisis”, Harrach asked, “Where are the taxes that the German people now need so urgently? They are spent in […]
Several Tunisian politicians and members of non-governmental organisations expressed unhappiness with Sheikh Yusuf al-Qaradawi’s visit to Tunisia this week. The protesters called the chairman of the Association of Muslim Scholars “a symbol of intolerant salafist ideology.” Some Tunisians say that Sheikh Yusuf al-Qaradawi expressed violent opinions concerning Tunisia’s achievements in the field of human and […]
Excerpt and LINK… Particularly worrying are British concessions to the repressive and seditious theo-political-legal program authoritative Islam calls “Shariah”: Shariah-Compliant Finance (SCF): Even though promoters of this industry, like “Shariah advisor” and al-Jazeera host Sheikh Yusuf al-Qaradawi, have described SCF as “financial jihad” and al Qaeda has publicly embraced its practice, Mr. Brown has declared […]
If ever there was definitive proof that the true purpose of Shariah-Compliant Finance is to promote Shariah, it shows up in bold form in an article in the March 2nd Financial Times which we’ve linked at the end of this column. The practicioners of Islam, known to some as “Islamists,” met in Jakarta, Indonesia recently […]
Another Muslim charity tied to terror
One of the chief concerns about Shariah-Compliant Finance is the dual system of payments to Islamic charities that is an important aspect of being Shariah-Compliant. One of the payment systems is tied to one of the five pillars of Islam, that of zakat, which is a form of tithing mandatory for pious Muslims, and also […]
Evidently Saudi Arabia doesn’t understand Islam
While reading the morning news on the internet about an hour ago, we came across an article in The Denver Post entitled Trying to Understand More About Islam’s Teachings, by Gail Schoettler, a former Lt. Governor of Colorado and U.S. ambassador. http://www.denverpost.com/opinion/ci_11682250 Ms. Schoettler recalls the horrific case in which the Islamic Courts in Somalia executed […]
Qaradawi speaks yet again
The world’s foremost Shariah scholar and promoter of Shariah-Compliant Finance, Sheikh Yusuf al-Qaradawi, has spoken yet again and it was uglier than ever. Our friends at SANE have a complete report. This is just more evidence that the Shariah scholars associated with the world of Shariah-Compliant Finance are nothing short of monstrous and should be […]
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