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Shariah-Compliant fund to target women in Persian Gulf region
Since Shariah Law has such a great track record with women’s rights, it’s only natural that the Shariah Finance industry would target wealthy women in countries like Bahrain, Qatar, Kuwait and Saudi...
View ArticleIranian President Mahmoud Ahmadinejad blasts free market capitalism at OIC...
Iranian President Mahmoud Ahmadinejad was a featured speaker at the Organization of the Islamic Conference economic summit about which we reported on 9 November:...
View ArticleBBC: Islamic Finance is a Dishonest Business Run by Dishonest People
The BBC has published an article by Mr. John Foster, who used to be editor of “Islamic Business & Finance” magazine. The topic of the article is described by its title: “How Sharia-Compliant is...
View ArticleBaloney from Bahrain
Bahrain’s finance minister is featured on the CNN web site perpetuating the myth that Shariah-compliance provides protection against the forces of the economic cycle. This assertion flies in the face...
View ArticleFormer US Congressman admits being agent for banned Islamic charity
A former US lawmaker pleaded guilty Wednesday to obstruction of justice and working as an unregistered agent for a foreign charity linked to global terrorism. Mark Deli Siljander, 59, a former US...
View ArticleElena Kagan: Will she tolerate Shariah? She did at Harvard…
As Dean of Harvard Law School, Elena Kagan banned military recruiters from campus because US law said they couldn’t enlist homosexuals. Well, she invited the Saudi’s “recruiters” to promote their legal...
View ArticleMoody’s Blames UK Government, Recession for Shariah Banking Problems
Growth in Islamic financing in the U.K. has been hampered by an economic slump and what Moody’s Investors Service describes as a lack of government support. With so many financial jihadists claiming...
View ArticleJFK Airport Bombing Suspect Claims He Sought Money for Mosque
Abdul Kadir, a former member of parliament in Guyana, claims that he was only pretending to go along with the terror plot because he hoped the other terrorists would introduce him to rich Muslims whom...
View ArticleHSBC Hiring Heavily for its Shariah-Compliant Division
HSBC is planning to add 1,000 staff members in its Personal Financial Services unit to support its growing Shariah-Compliant banking unit, Amanah. HSBC Amanah is already the largest Shariah-Compliant...
View ArticleAjman Islamic Bank of the UAE Posts More Losses
Despite the obvious spin in this news story, Ajman Bank, the first Shariah-Compliant bank in the emirate of Ajman, posted a loss during the first half of 2010. The “good” news is the loss wasn’t as big...
View ArticleTerror-linked charities funding Pakistani flood relief efforts
Relief workers in Pakistan say that Islamist charities affiliated with terrorist groups are competing with international efforts to provide relief to the millions of Pakistanis affected by massive...
View ArticleDubai Islamic Bank 2nd Quarter profit plunges 33%
Dubai Islamic Bank reported a 33-percent drop in quarterly profit on Sunday . Dubai Islamic Bank is Dubai’s third largest bank. http://www.arabianbusiness.com/594931-dubai-islamic-bank-q2-profit-falls-33
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The Economist Lashes Out on the Ground Zero Mosque
The Economist has run what amounts to a poorly researched hit piece criticizing opponents of the Ground Zero mosque. This isn’t strictly a financial matter and we usually try to limit our scope to...
View ArticleNOTICE TO SHARIAH FINANCE WATCH READERS: NEW ADDRESS: http://sfw2.wordpress.com/
As many of our readers have pointed out, ShariahFinanceWatch.org has experienced massive, crippling technical problems over the past several weeks. These technical issues have left the site...
View ArticleShariah Finance Watch is Back. Thank you to our readers for your patience.
The technical issues which caused the Shariah Finance Watch blog to experience extended outages have been cleared up. We will resume posting on the original Shariah Finance Watch site immediately....
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Shariah “Bank of the Year” Headed By Terrorist Banned by U.S. and U.K.
Qatar Islamic Bank, the leading Shariah-compliant financial institution in Qatar and owner of the largest Shariah-compliant banking network in the world, has been chosen as the Bank of the Year by the...
View ArticleKiplinger Shills for Shariah
It is usually a mistake to write about something you know nothing about. This is advice that Janet Bodnar of Kiplinger’s Personal Finance should follow. In a new column, she decided to praise the Amana...
View ArticleUAE central bank issues Shariah-Compliant Certificates of Deposit
The UAE Central Bank said on Sunday it had started issuing the country’s first Islamic certificates of deposits (ICDs) as part of a plan to create a new investment tool for Shariah-compliant banks in...
View ArticleAl Qaeda called a ‘money making machine’ by British official–that’s not even...
The article below from The Telegraph in Great Britain quotes a British Foreign Office director as describing Al Qaeda as a “money making machine,” due to Al Qaeda in the Islamic Maghreb’s practice of...
View ArticleLuxembourg Puts Sukuk on Hold
The tiny European/NATO nation Luxembourg is one of the wealthiest small nations on earth. As you probably expected, Middle Eastern petro-wealth has found its way into influencing Luxembourg’s policies....
View ArticleSupreme Council for Sharia in Nigeria Threatens War Over “Islamic Banking”
Each new day brings another story over the seeming clash of civilizations in Nigeria. Though it has not been reported separately and is not the primary subject of the article linked below, evidently,...
View ArticleAnother 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...
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Islam and the International Monetary System according to Sheikh Imran Nazar...
Linked at the bottom of this post is a video that most sober folks will probably find strange. The six minute and forty-five second video is largely an anti-Jewish rant, but it is also something else....
View ArticleMoney 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...
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Standard & Poor’s Rates Indonesia’s Global Sukuk Trust Certificates as Junk
Standard & Poor’s Ratings Services assigned its ‘BB+’ long-term foreign currency issue rating to the proposed issue of benchmark-sized global Sukuk trust certificates by Perusahaan Penerbit SBSN...
View ArticleIs Shariah-Compliant Finance a Failure? (A Self-Serving Answer from the...
Linked below is an article by a financial jihadi posing the question “Is Islamic finance a failure?” As you might expect, the answer turns out to be “no,” which, given the author’s background should...
View ArticlePhilippine officials, Wahhabi-dominated Islamic Development Bank held talks...
The report below is cause for concern. Philippine officials have fallen into the trap of dealing with the Islamic Development Bank (IDB) based out of Saudi Arabia. IDB is a gargantuan institution...
View ArticleMore Details on Funding for the Taliban
Not long ago we mentioned that the Taliban had gone online to raise money for their violent Jihadi activities. In that same post we mentioned that US intelligence sources had indicated that most of the...
View ArticleIslamic woman gets $5 million award in workplace discrimination case
…if she is Shariah adherent, 1/40th of this will go to zakat…that’s $125,000. One of the eight acceptable destinations for zakat under Shariah is to “those fighting in the way of allah,” defined as...
View ArticleIrish Attorney: “Financial shock would never have happened under shariah”
Every once in a while we come across a story that is really outrageous. Some or outrageous because they are inaccurate. Others are outrageous because they are simply offensive. Today we bring to you an...
View ArticleQaradawi’s Qatar Islamic Bank to float $1.5 billion Sukuk
Islamic bonds, properly known as “sukuk” are increasingly becoming the favorite product of Shariah-Compliant Finance. In fact, we’re starting to see more and more Western nations and financial...
View ArticleUS anti-money laundering enforcement and regulation in chaos?
The article linked below paints a disturbing picture of the status of the US government’s efforts to combat money laundering, especially where it applies to Iran, the world’s foremost state sponsor of...
View ArticleUS Treasury Blacklists Al Qaeda-linked Jihadist Rebels in Syria
The US has blacklisted an Al Qaeda-linked rebel group in Syria, declaring that “extremists” could play no role in building a future for the Syrian people. The move against the Al Nusra Front came as...
View ArticleMoney Jihad Blog’s Important Posts on Financial Aspects of Chechan Jihad
In the wake of last week’s horrific Jihadist terrorist attack in Boston, we have seen very little discussion as to the possible financial aspects of the Tsarnaev brothers’ Jihad. By all accounts, the...
View ArticleAfrica Targeted With Shariah Bonds Next
As we have mentioned several times on SFW, Shariah bonds, known as “sukuk,” have become the foil brandished by the financial jihadists to infiltrate Shariah into countries by using the lure of capital....
View ArticleFoundation for Defense of Democracies: New Report Details Turkey’s Growing...
The Islamization of Turkey has been accompanied by that nation’s increasing closeness to groups and individuals associated with Jihadist terrorism. That trend has been reported in a variety of media:...
View ArticleJust when you thought you’d heard everything: Shariah-compliant Forest...
From Indonesia… Aceh Custom Council (MAA) is launching a forest management handbook based on sharia and customary law compiled by Acehs traditional and public figures to support sustainable forest...
View ArticleAl Qaeda in the Arabian Peninsula Leader Claims Funding of Paris Attacks
Al Qaeda in the Arabian Peninsula (AQAP) leader Sheikh Nasr al-Ansi has claimed responsibility for the Paris attacks which claimed 17 lives last week. He also specifically claimed responsibility for...
View ArticlePlease “Like” Shariah Finance Watch on Facebook
Shariah Finance Watch has a Facebook page. Please “Like” our Facebook page to stay informed with the latest updates on all aspects of financial Jihad: https://www.facebook.com/ShariahFinanceWatch
View ArticleIndia freezes accounts of 37 entities on charges of terrorist financing
posted by Christopher W. Holton India has frozen the assets of 37 entities on charges of terrorist financing and money laundering of illicit funds, according to the latest report by global...
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