posted by Christopher W. Holton Shariah finance assets grew by 10 percent to reach $2 trillion in 2015, according to a new report by Thomson Reuters. Shariah banking represented 73 percent of that figure, followed by sukuk (Shariah bonds) which represented 17 percent, said the initial findings of ICD Thomson Reuters Islamic Finance Development Indicator […]
Report: Shariah-Compliant Finance Advancing in Non-Muslim World
The reason Shariah-Compliant Finance was created was to promote Shariah and Islam. According to the Thomson-Reuters Islamic Finance Development Indicator (IFDI), it is accomplishing its mission… • The number of Islamic finance conferences with more than 100 participants worldwide surged by 41% to 107 in 2013 from 76 in 2012, with 36 countries hosting conferences […]
Thomson Reuters wins Islamic banking award Thomson Reuters, the world’s leading source of intelligent information for businesses and professionals, has been named the Best Technology Provider for Islamic Banking in The Asset magazine’s Triple A Islamic Finance Awards 2014. Thomson Reuters has been at the heart of Islamic finance for over 30 years, offering innovative […]
Thomson Reuters should not be regarded as an unbiased news source when it comes to Shariah-compliant finance and Shariah banking. That’s because Thomson Reuters serves as a vendor to the Shariah finance industry, making perhaps millions of dollars each years off of it. The latest evidence of Thomson Reuters’ bias when it comes to Shariah […]
The emergence of Shariah-compliant Finance in Tunisia is hardly surprising given the emergence of the Muslim Brotherhood and Salafist factions in the wake of the so-called “Arab spring.” According to Reuters, Shariah-compliant finance could gain as much as a 40% marketshare in Tunisia. A poll in Tunisia indicates that 54% of respondents would switch their […]
Does Your Financial Institution Participate in Shariah Compliant Finance?
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?” As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance. […]
We were heartened to learn on Friday that the Kansas senate had followed the example of the Kansas House of Representatives by voting overwhelmingly in favor of American Laws for American Courts legislation there. American Laws for American Courts (ALAC) legislation was crafted to protect the constitutional rights of Americans against the incursion of foreign […]
We’re not big fans of Thomson Reuters, simply because they are market participants and, as such, cannot be regarded as objective in terms of their reporting of Shariah-Compliant Finance. They have published something useful today, however: a glossary of Shariah Finance terms and definitions. Any one with an interest in studying this industry should print […]
Thomson Reuters has partnered with IdealRatings to provide a new Sharia-compliant index for Islamic financial investment. When you see an article published by the Reuters news agency covering Shariah finance, keep in mind that Reuters profits from the Shariah-Compliant Finance business… http://www.waterstechnology.com/buy-side-technology/news/2083893/thomson-reuters-idealratings-team-islamic-finance-index?
The article linked below might be amusing, if not for the fact that the overarching subject matter is so disturbing. In the article, Rushdi Siddiqui, Global Head of Islamic Finance at Thomson Reuters, claims that the “missing link in Shariah finance” is a dedicated media entity to cover the industry. Given that Thomson Reuters’ Reuters […]
Reuters continues to shill for Shariah, this time by whitewashing the role of women in Shariah Finance
Reuters published a curious article today which, like much of what the former news agency pens about Shariah Finance, reads more like a marketing piece than a news article. This time Reuters is celebrating the role of women in Shariah Finance, speculating that they could play a much larger role than they are now… Recent […]
Here we have a marketing piece by Reuters (whose parent company is thoroughly involved in Shariah Finance) masquerading as a news story. In what other industry or financial sector could a rash of defaults–combined with high fees and conflicts of interest–prompt a wave of faux optimism as expressed in this Reuters fluff piece? Recent sukuk […]
Thomson Reuters continues to facilitate financial jihad
Thomson Reuters has announced the launch of a risk management system specifically tailored for Shariah banking. The Shariah authorities aren’t going to be real happy with this statement from Thomson Reuters however: “From the trading risk perspective, Islamic finance operates in the same macro, tax, regulatory and legal environment as conventional financial services and has […]
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