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...
View ArticleTIMELINE-Defaults: Islamic finance in uncharted territory
The dirty underside of Shariah-Compliant Finance… http://www.reuters.com/article/bankruptcyNews/idUSKLR44503820091105?rpc=401
View ArticlePrudential starts Shariah-compliant fund management business
I for one am glad I don’t own a “piece of the rock.” http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/6509447/Prudential-starts-Sharia-compliant-fund-management-business.html?
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 ArticleFeds Move to Seize Alavi Assets, Aiming at Iran, Bank Melli (World’s Number 1...
Yesterday the US attorney’s office in Manhattan moved to seize assets of a non-profit foundation tied to Iran. Among those assets are four mosques in New York, California, Maryland and Texas, 100 acres...
View ArticleShariah Finance now referred to as “responsible”
The promoters of Shariah Finance have now coined a new term to hide their agenda and describe their movement: “Responsible” investing. To do so, they erroneously claim that “Islamic” financial products...
View ArticleWho in the world is Arthur MacDonald and why is he repeating myths about...
Linked below is an article by a man named Arthur MacDonald in which he repeats the myth that “moral” Shariah-Compliant Finance has provided protection against the economic crisis. We regret to inform...
View ArticleThe 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...
View ArticleInvestment scandal damages Hezbollah
Just a few days ago, the Kuwaiti News Agency (KUNA) was proclaiming that Islamic banking was thriving in Lebanon. It appears that all is not actually so great in Lebanon when it comes to Islamic...
View ArticleThe Threat of Shariah-Compliant Finance by David Yerushalmi
David Yerushalmi is one of America’s foremost experts on Shariah and Shariah-Compliant Finance. Anyone with an interest in this topic should read anything and everything Mr. Yerushalmi has written on...
View ArticleDubai Debt Woes Give Shariah Finance its First Big Crisis
Some in the financial world are being forced to admit that Shariah compliance offers no increased protection against crisis than any other method. Some are even admitting things like the fact that the...
View ArticleThe Contagion Spreads: Qatar Islamic Bank has $15 mln exposure to Dubai World
Qatar Islamic Bank has announced that it faces exposure in the evolving debacle emanating from Dubai. This is particularly bad news for this institution since, back in March, it was in serious enough...
View ArticleDubai’s golden sands lose their luster
“Investors trapped by the financial storm in the United Arab Emirates are in unknown legal territory as they try to protect their billions.” (The Times, 10 December 2009) The Dubai default debacle...
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 ArticleA Few Big Shariah-Compliant Multinational Corporations
From time to time, readers will email us asking for a list of Shariah-Compliant companies. A complete version of such a list is extremely difficult to come by. Some of the better sources for such a...
View ArticleGermany: First Islamic bank to open in early 2010
As we reported here on October 27th and November 2nd of 2009, the first Shariah-Compliant bank will soon open in Germany. http://www.shariahfinancewatch.org/blog/category/germany/ Germany’s first...
View ArticleANOTHER Sukuk Issuer in Deep Trouble
Moody’s Investors Service has downgraded the Corporate Family (CFR) and Probability of Default Ratings (PDR) of Kuwait-based National Industries Group Holding S.A.K. (NIG) and the debt ratings on the...
View ArticleIslamic Bonds (Sukuk) Will Remain ‘Weaker’ Amid Defaults, Deutsche Bank Says
Sales of bonds that comply with Islamic laws will remain “weaker” this year as investors shun riskier, higher-yielding assets on concern governments will struggle to repay debt. Sales of the bonds...
View ArticleThe Wall Street Journal Ignores the “Elephant in the Room”
Dow Jones has been shilling for Shariah-Compliant Finance for some time now. After all, the Dow Jones Islamic Index employed the Jihadist Shariah scholar Taqi Usmani as chair of its Shariah advisory...
View ArticleAre We Financing Our Own Demise?
Gadi Adelman and the intrepid Joy Brighton have just published an outstanding analysis of Shariah-Compliant Finance over on the Financial Security Matters site. Please take the time to read it and pass...
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