As they say, a picture is worth a thousand words. A color-coded map may be even more useful. In this case, we’d say so anyway. The map shown here was created with data from the IFSB–the Islamic Financial Services Board. As you can see, there are some regions that stand out in terms of the prominence […]
Report: Qatar, Turkey Fund Muslim Brotherhood in Libya, Sudan
Oilprice.com has an interesting report that indicates that, despite a public relations campaign meant to convince the world that they have ended their support for Jihad, Qatar continues to fund the Muslim Brotherhood–and does so in cooperation with NATO member Turkey… Qatar, in fact, has reinforced its strategic position of support for the Muslim Brotherhood […]
The Bahrain-based International Islamic Financial Market purports to be a Shariah finance industry entity designed to impose industry-wide standards on the Shariah-compliant finance industry. That may or may not be true. They sure have a slick web site. But when you drill down on their web site, you find some troubling aspects of the organization, its […]
Sudan’s ties with Saudi Arabia are strained in the wake of Riyadh’s decision to bar its banks from dealing with its Sudanese counterparts. The Saudi ban is likely part of increasing tensions due to Sudan’s continued close ties to Iran. Over the few years there have been mounting signs of deteriorating relations between Khartoum and […]
The United Nations is at it again. All too often the UN puts offending nations in charge of problems that the international community is supposed to be trying to solve. The latest example involves the United Nations conference on combating terror finance being held in Sudan, one of the world’s leading sponsors of Jihadist terrorism. […]
Money Jihad blog’s short list of Shariah banks that fund terrorism
Money Jihad blog is one of the most invaluable web sites in existence for anyone who is concerned with how Jihadist terrorism is supported and funded. That is why we link to it so frequently here on SFW. Money Jihad’s latest work is a prime example of why we like the blog so much: they have […]
“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 […]
“Ethical Investing” from Countries Overrun With Corruption?
Transparency.org has publishes a Corruption Perceptions Index that rates the level of corruption in the world’s nations. The most recent year for which there is data is 2011. The results are instructive for observers of Shariah Compliant Finance. Shariah-Compliant Finance is often touted by the financial jihadists as “ethical” investment. There are a variety of […]
Americans are all-too familiar with the fact that Wall Street has fully embraced Shariah-Compliant Finance. The so-called titans of the financial world have prostituted themselves and their companies in attempts to gain access to petrodollars in the hands of individuals, governments and institutions that adhere to a doctrine that is diametrically opposed to everything American […]
Sudan is one of the worst regimes in the world. They are guilty of genocide in the slaughter of black Africans, Christians and Animists and are the nation which hosted Hezbollah and Al Qaeda when the two terrorist organizations formed a training agreement in the 1990s. Today, Sudan is also among the leading nations pushing […]
Fox News Channel will air a segment on Sunday, June 10th on the new Patriot Fund, a mutual fund that uses a terror-free screen to exclude companies that have ties to Iran, Sudan and Syria, three Islamic nations on the US State Department’s list of state sponsors of terror. Featured on the segment will be […]
Shariah Finance Watch editor briefs Congressional staffers on Shariah-Compliant Finance
Recently we had the opportunity to brief staff members from 10 Congressional offices on the threat of Shariah Finance. The briefing was recorded and we have posted the full 1-hour briefing here for SFW viewers… Shariah Compliant Finance and Financial Jihad
The International Islamic Liquidity Management Corporation, a cooperative institution set up by the Islamic Financial Services Board and supported by ten Islamic nation central banks, is set to issue an Islamic bond in the next six months. The ILMC’s main objective is to develop short-term financial instruments to enable financial institutions to maintain liquidity in […]
Global Finance Magazine honors Genocide’s Bankers with an Award
From the “what the heck were they thinking?” category comes the news that the New York-based Global Finance Magazine has bestowed an honor on the Islamic Republic of Sudan’s Al Salam Bank. The award was “Best Bank in Sudan, ” not a significant one to be sure, but there are plenty of reasons why Global […]
Money Jihad: Hamas still raising money in Sudan
The State Department’s new “2010″ report on global terrorism revealed that “Sudanese officials continued to view Hamas members as representatives of the Palestinian Authority. Hamas members conducted fundraising in Sudan. Sudan hosts “centers for raising funds and Islamic Social Unions (Marakiz li-Jam’ al-Tabarru’at wa-Ittihadat Ijtima’iyyah Islamiyya)” and “Pro-HAMAS financial activity in Africa is centred in Sudan through the […]
Another Apologist Attempts to Rewrite History for Cat Stevens
Most of SFW’s readers probably know who Cat Stevens is. He was a folk singer who converted to Islam in the late 1970s and changed his name to Yusuf Islam. At the time of his conversion, he swore off his music and devoted himself to his new-found faith. A few years later he found himself […]
Not long ago, the Islamic Financial Services Board (IFSB) was holding a summit in Tehran, Iran, which certainly indicates where that body stands on the issues of Jihad, state sponsorship of terrorism and nuclear proliferation. Now, in May, the IFSB will hold a summit in NATO/EU member Luxembourg. At this point we should refer to […]
Sukuk “Alert”
Official and private entities in Jordan, Indonesia, Abu Dhabi, Malaysia, Saudi Arabia, Qatar, Dubai, Luxembourg, Sudan, Pakistan, Kazakhstan, Lebanon, Kuwait, Thailand, Islamic Development Bank and General Electric (GE) all are contemplating or planning Sukuk (Islamic bond) offerings in the near future… http://www.bloomberg.com/news/2010-06-22/jordan-indonesia-islamic-development-bank-plan-sales-islamic-bond-alert.html
Oxford Analytica Continues to Shill for Shariah
The economic consultancy Oxford Analytica has frequently used its space on Forbes.com to promote Shariah-Compliant Finance. We have pointed this out on SFW in the past: https://shariahfinancewatch.org/?s=Oxford+Analytica Oxford Analytica has taken yet another step to promote financial jihad with an article on Forbes.com. This new article is so overrun with troubling and disturbing aspects that […]
Islamic finance board to set liquidity standards (an admission of trouble)
The Islamic Financial Services Board plans create guidelines for shariah-compliant banks to manage liquidity risks as the industry looks to beef up regulation after the financial crisis. Shariah-compliant banking has been hit by sukuk (Islamic bond) defaults and the now-deflated Dubai real estate bubble, though numerous industry spokesmen have spread the lie that Shariah Finance […]
British Islamic charities have a jaded history, with several of them found to be sending money to Jihadist terrorist organizations and having little in the way of financial controls. Recently, a new report of disturbing activity at a British Islamic charity surfaced. Tariqa Burhaniya D’Suqiyya Shazuliyya (TBDS), has been charged with having “chaotic” finances and […]
Sudanese journalist Lubna Hussein will face trial Sept. 7 for wearing trousers in violation of government decency statutes derived from Shariah law. If convicted, she faces 40 lashes and a fine. Read more at USA Today: http://www.usatoday.com/news/religion/2009-08-26-muslim-sharia_N.htm
The British Charity Commission has cited the Islamic charity Tariqa Burhaniya D’Suqiyya Shazuliyya for multiple serious oversight and governance failings. Tariqa Burhaniya D’Suqiyya Shazuliyya’s self-described mission is to “advance the Islamic religion in accordance with the spiritual teachings of Sheikh Mohammed Osman Abdouh Al Burhany as a method which leads to allah, advance education in […]
Islamic Development Bank could raise $500m bond (sukuk)
The Jeddah, Saudi Arabia-based Islamic Development bank will soon issue a $500 million sukuk or Islamic bond issue. This is rather controversial in Shariah Finance circles since Mufti Taqi Usmani issued an opinion last year declaring that most such instruments are in fact NOT Shariah-compliant and are unislamic. That opinion, along with the world economic […]
Yesterday a British newspaper attempted to spell out for its readers just what Shariah is. Their efforts were not successful. In the article, author Nick Harries, claims that in Saudi Arabia and Sudan, Shariah exists alongside secular law. This is completely incorrect. Shariah is the full and final authority in Saudi Arabia, Sudan and Iran […]
Reuters has a revealing article this morning which characterizes the spread of Shariah-Compliant Finance through quasi-official bodies headed by tyrannical regimes in Islamic nations. I’ll provide a quote that explains the gist of the article before I embark upon a deconstruction of the organization it came from: “Central banks are increasingly realizing they have to […]
Islamic bond issues fall 37% in first quarter
Shariah-Compliant Finance, often described as a panacea by misleading promoters and ignorant outsiders, seems to be taking a hit due to the worldwide economic downturn… http://www.gulfnews.com/business/Investment/10300695.html
In a positive development, two of the most notorious Shariah-ruled nations, Iran and Sudan, will see Western companies that choose to provide them with corporate life support as the $11 Billion Pennsylvania Tobacco Settlement Investment Fund decided to divest from companied doing business in/with Sudan last week. Two links below: http://jasonpoblete.com/2009/03/02/divestment-update-from-pennsylvania-iran-and-sudan/ http://divestterror.blogspot.com/2009/02/pennsylvania-tobacco-settlement-fund-to.html
In an episode that definitively proves that truth is stranger than fiction, the International Monetary Fund has congratulated Sudan for its fiscal restraint and efforts at improving tax collection… Sudan is one of three nations on earth that practice and enforce strict Shariah, the other two being Saudi Arabia and Iran. Sudan is a state […]
Sudan official undone by tight trouser crackdown Sat 11 Oct 2008, 9:45 GMTTIght Pants! www.nationmultimedia.com JUBA, Sudan, Oct 11 (Reuters Life!) – A senior official in South Sudan who ordered a crackdown on young women wearing tight trousers has been sacked, officials said on Saturday. Police arrested scores of women — many on their way […]
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