• Why Jihad Watch?
  • About Robert Spencer and Staff Writers
  • FAQ
  • Books
  • Muhammad
  • Islam 101
  • Privacy

Jihad Watch

Exposing the role that Islamic jihad theology and ideology play in the modern global conflicts

UK: Islamic bank to open at Oxford

Feb 9, 2014 5:51 pm By Robert Spencer

News Team International

This report is from Iran’s state-controlled Ahlul Bayt News Agency, but there is no reason to doubt its authenticity. Baroness Warsi’s statement that “London is already the Western capital of Islamic finance, but we want to go further – we want Britain to become a global hub of Islamic finance” gibes with David Cameron’s statement: “I want London to stand alongside Dubai as one of the great capitals of Islamic finance anywhere in the world.”

With Sharia finance will inevitably come more Sharia, but that seems to be just fine with David Cameron and the British government. They’ve barred Pamela Geller and me from entering the country, so no one will be raising annoying questions about Sharia oppression of women, gays, or non-Muslims. All will be well as Islamic Britannia marches confidently toward its glorious multicultural future.

Oh, and that wine shop in the photo will have to go.

“Islamic Bank to Open at Oxford,” from Ahlul Bayt News Agency, February 9:

DOHA (Ahlul Bayt News Agency) – Salah Jaidah, Chairman of Islamic Finance and Vice Chairman of MENA at Deutsche Bank and Chief Country Officer for Deutsche Bank Qatar, will be inaugurating the Oxford Islamic Banking and Finance Society at Oxford Union on February 12, 2014.

He will be joined by Nigel Denison, Managing Director of Bank of London and the Middle East (BLME), Azeemah Zaheer, Vice President of Gatehouse Bank, and Baroness Warsi, Chair of the Global Islamic Finance and Investment Group and the UK’s Ministerial lead on Islamic Finance.

Baroness Warsi said: “Islamic finance is growing 50 percent faster than traditional banking and Britain is committed to being part of that rise. London is already the Western capital of Islamic finance, but we want to go further – we want Britain to become a global hub of Islamic finance. “Key to this is attracting the brightest and the best to this sector. And the Oxford Islamic Banking and Finance Society will do just that – bringing the opportunities of one of the world’s fastest growing markets to students at one of the world’s top universities.

Last year was a big year for Islamic finance in Britain. We launched the government’s Islamic Finance Task Force; we hosted the World Islamic Economic Forum – the first outside the Muslim world; and we committed to issuing the first Islamic-compliant government bond, or sukuk. With the launch of societies like this, 2014 is set to be just as exciting a year for everyone involved in this burgeoning sector, Baroness added.

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to print (Opens in new window)
  • Click to email this to a friend (Opens in new window)
  • More
  • Click to share on Skype (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Pocket (Opens in new window)
  • Click to share on Pinterest (Opens in new window)

Follow me on Facebook

Filed Under: Sharia finance, United Kingdom Tagged With: featured


Learn more about RevenueStripe...

Comments

  1. tpellow says

    Feb 9, 2014 at 6:14 pm

    “Britain’s a world-leader in sharia banking – but we haven’t grasped the sinister and dangerous implications”
    (2009.)

    Read more: http://www.dailymail.co.uk/debate/article-1141087/Britains-world-leader-sharia-banking–havent-grasped-sinister-dangerous-implications.html#ixzz2sryORYrN

  2. tpellow says

    Feb 9, 2014 at 6:22 pm

    “More Accommodation of Sharia Compliant Finance.”

    (Dec 2013.)
    http://www.newenglishreview.org/blog_direct_link.cfm/blog_id/51427

  3. miriam rove says

    Feb 9, 2014 at 6:24 pm

    Britain is on the verge.m

    • JamesonRocks says

      Feb 9, 2014 at 10:03 pm

      Miriam, I fear it is already lost… -JR

  4. tpellow says

    Feb 9, 2014 at 6:33 pm

    “The United Kingdom’s Capitulation to Shariah Continues Apace in the Financial World”

    (Oct 2013.)

    http://www.shariahfinancewatch.org/blog/2013/10/30/the-united-kingdoms-capitulation-to-shariah-continues-apace-in-the-financial-world/

  5. mortimer says

    Feb 9, 2014 at 6:50 pm

    time to find another fuel than oil

    • Salah says

      Feb 9, 2014 at 9:25 pm

      It’s not oil, mortimer, it’s us.
      We don’t have the balls to overthrow our PC leaders, bring them to justice and, if convicted of high treason, execute them.

      The Egyptian people did it, why can’t we?

      http://crossmuslims.blogspot.com/2013/07/the-end-of-muslim-brotherhood.html

  6. JamesonRocks says

    Feb 9, 2014 at 10:01 pm

    Well, there goes the neighborhood.

  7. Lisa says

    Feb 10, 2014 at 1:34 am

    We’re dead in the water. We watch, impoverished, as powerful immigrants like Warsi (and many others) dictate over our festering, rancid land, with the literally indoctrinated and deranged police holding us down in place; akin to chaining us down with razor wire and using sharp pins to keep our eyes open in order to force us to watch our families being raped, killed and soiled in front of us.

    Mass deportations now the only way.

  8. Charli Main says

    Feb 10, 2014 at 3:06 am

    ” all will be well as Islamic Britannia MARCHES CONFIDENTLY TOWARDS ITS GLORIOUS MULTICULTURAL FUTURE ??????????
    Robert,
    Islam and Sharia DOES NOT tolerate diversity or multicultural societies.
    In EVERY country that the Muslims have invaded, that country´s civilization, culture and language have been destroyed and replaced with an Arabic culture, Arabic society and the Arabic Language.
    Muslims HAVE NO INTENTIONS of living in a diverse and multicultural Britain.

    • John says

      Feb 10, 2014 at 6:58 am

      Dear Charli, I suspect Robert was being sarcastic.

      Best regards

      • Charli Main says

        Feb 10, 2014 at 7:23 am

        Thanks John,
        On reflection, I´m sure your right. No criticism of our fearless leader, Robert, intended.

    • Alam says

      Feb 10, 2014 at 7:27 am

      Not really Arabic. We’re more Indians/Pakistani Muslims here. So mostly Urdu/Gujarati. Few Arabs scattered about the place yes. Looking forward to the success of shariah banking although I don’t think it’s proper Islamic. Better to avoid mortgages altogether as Muslims. That said, very optimistic about Islamic supremacy God willing

      • gravenimage says

        Feb 11, 2014 at 9:48 pm

        Alam wrote:

        Looking forward to the success of shariah banking although I don’t think it’s proper Islamic. Better to avoid mortgages altogether as Muslims. That said, very optimistic about Islamic supremacy God willing
        …………………………………

        Shari’ah strictures on earning a reasonable return on investments is one reason—along with despising productive labor, Insh’allah fatalism, and constantly waging violent Jihad—why every Muslim country that lacks massive oil reserves is a stagnant economic basketcase.

        There is very little entrepreneurship in Dar-al-Islam—pious Muslims much prefer to live off the productive labor of the “filthy” Kuffar, and “Shari’ah finance” is just more of the same.

        Hopefully Infidels will come to realize this sooner rather than later.

  9. Tommo says

    Feb 10, 2014 at 5:41 am

    Sharia compliant bank accounts have been offered in the UK for sometime and give a slightly higher rate of interest than traditional accounts. However the rate of interest they quote are an estimate only and cannot be guaranteed because of how they are structured. Interest cannot be charged to borrowers on loans from the bank and rely solely on their ability to repay the loan, which may or may not happen. Most savers like myself wouldn’t touch them with a barge-pole even in this climate of low returns on our savings. What the government should be looking into is where the bank profits eventually end up and the Islamic bank isn’t just another front for sending money to jihadi’s.

    • dumbledoresarmy says

      Feb 10, 2014 at 5:02 pm

      Re “front for sending money to jihadis”.

      Yes.

      The book to read is by an ex-Muslim, Canon Dr Patrick Sookhdeo. A useful little book, nice and short and sharp, called “Understanding Sharia Finance”.

      It should be on the desk of every infidel finance minister, treasurer, bank manager and accountant in every non-Muslim country.

      Toward the end of the “Introduction”, Dr Sookhdeo writes “A growing concern for some observers is that the burgeoning world of Islamic finance offers terrorist jihadi groups a discreet way in which to raise and move the large amounts of money they need to maintain their activities”.

      All non-Muslim countries should reject “Sharia finance” and Islamic banking.

  10. Dan says

    Feb 10, 2014 at 9:09 am

    Britain needs to re establish the right to bear arms, like their American cousins.

    That right was ripped from us by a paedophile mass killing at a school in Dunblane.

    In the US Lanza was quietly acknowledged to be a paedophile in later police reporting.

    It’s time for a well armed British public.

  11. Dr. Gonzalo de Porras says

    Feb 10, 2014 at 9:39 am

    Un pequeño ejemplo de España : El Sheyj Qatari Abdullah Bin Nasser Al Thani, tras cubrir deudas por valor de 14 millones de € y aportar 22 millones de € para cubrir otras necesidades, el club de fútbol Málaga y se autonombro Presidente del Club, por cierto que en Abril de 2013, cuando su equipo fue eliminado de la Champions Ligue arremetió contra la UEFA y la Federación Española de Futbol. Una operación similar se ha efectuado con el Barcelona, Vid. en Capítulo 11, “Estado jurídico de los musulmanes en la España del Siglo XXI” el párrafo “La Qatar Fundatión y el “Barça”. Otro musulmán de origen Indú, Ahsan Alí Syed, adquirió el club de Futbol “Racing de Santander”.También el Sheyj Qatarí Al-Thani, ha adquirido el Club de Fútbol de Málaga y se hablaba que, previamente se hizo cargo de una deuda de casi 131 millones de €, el Fondo Soberano de Dubai adquiría el club de Fútbol Zaragoza. Público 20/04/2011 En Abril de 2011 el Royal Emirates Group, Fondo de Inversión de Dubai, que preside el Sheyj Buti bin Suhail Al Maktum, entró en conversaciones para la adquisición del Club de Fútbol Getafe por el que pagó 90 millones de € .De continuar estas adquisiciones los futbolistas saldrán al campo con turbantes y los partidos comenzarán con el “Ischi Biladi” himno Nacional de los Emiratos Árabes Unidos . ABC 17/02/2011- La Gaceta – Intereconomía 01/03/2011. Qatar, el país que pretendía rescatar las cajas de ahorro, de las dependerían el futuro de gran parte de la economía española, tiene institucionalizado la Sahari’ah manteniéndose los castigos corporales, la mutilación y la pena de muerte.- ABC 15/03/2011.- Libertad Digital 10/08/2011.- Mal le salió la operación al Málaga, quien en Agosto de 2011, se vio privado de fondos ya que el Sheij Abdulá al Thani , propietario del club momentáneamente dejo de aportar fondos debido a que (sic) “Nuestras transferencias proceden de Qatar, de un fondo exterior, y el Ramadán –mes de ayuno en el Islam hace más difícil los contactos y que todo se retrase

  12. Jim says

    Feb 10, 2014 at 12:48 pm

    Cameron has forgot history and he needs to read Churchill who knew whom they were and the lack of freedom and rights and the 270 million people for the last 1400 years that have lost their lives to them. UK and the world seem short on Churchills in our time unfortunately.

    • Average Joe says

      Mar 21, 2014 at 9:28 pm

      How many millions of people have died over the last 1400 years at the hands of movements by other religions (notably the religion prevalent in the UK, Christianity)…much much more than 270 million.

      Honest question, I’d like you to answer honestly have you guys ever met 2 kind Muslims in your whole lives?

  13. Buraq says

    Feb 10, 2014 at 1:28 pm

    Not to worry, Islamic banking is founded on the scammiest of scams. For example, if you want to raise a loan to start a business, the bank becomes your business partner and shares in the profits to recoup its loan. Theoretically, that replaces the need for ‘Zionist’ interest on the loan.
    And if there are losses, thumping great big losses? The bank plunders the accounts of its unwary depositors to cover them.
    So, a couple of dodgy business ventures, and the depositors will be hammering on the front door asking where their money has disappeared to.
    Islamic banking is a scam. It won’t last! People will see right through it and steer clear.

    • Brian C. Hoff says

      Feb 10, 2014 at 2:09 pm

      What about our banking crise in 2008, 2004,2000 and 1929 than you cannot blame Islam or Islamist Banking for then.

      • Buraq says

        Feb 10, 2014 at 2:27 pm

        @ Brian C Hoff

        Islamic banking is a permanent banking crisis, not just restricted to certain years! Based on the principle of the Ummah, all for one and one for all, it means that whenever a deal goes wrong, everybody has to chip in.
        How would you feel if your bank dipped into your account and took some money to cover a loss made by someone you’d never met? That’s how bizarre Islamic banking is. I’ve studied it, it’s my job. Islamic banking is totally bonkers!
        Even if you just want to buy a car, the bank buys the car and you repay the bank – including bank charges that suspiciously amount to an interest rate you’d find at any average bank. It’s a scam!

        • Brian C. Hoff says

          Feb 10, 2014 at 10:13 pm

          When the goldsmith in Europe started to hand out gold to people who needed it without the people who left they gold there for safe keeping. Then start to lend out gold which they didnot know as paper gold than then they did fraction gold system to cover any lost from than reserve. 1929 was cause when New State wgich back before 1929 set the rules for wall street you where able to buy stock with just 1% of money gfrom you the rest borrow from than broker or bank. It the value of the stock went up who can buy on stocks with the 1% with out puting more money in the account, there where paper billionair who lost everything due to the fact they where unable to raise money to meet margin call on the money they borrow. Many banks have all the depoiter money on wall street on 1% margin account phmaid scremic.

        • Buraq says

          Feb 11, 2014 at 1:36 am

          (@ Brian C Hoff)
          Goldsmith never handed out anyone’s money to anyone else. That’s just a lie. Secondly, ‘borrowing on the margin’ to buy stocks you don’t have enough money to buy is a common practice, still done today. The 1% you mention was way too tight, so the rules were changed and you can’t do that today.

          You come across as a clown, by the way! Are you one of Mohammed’s morally and mentally skewed followers?

        • Brian C. Hoff says

          Feb 11, 2014 at 3:45 pm

          Goldsmith start banking in Europe as than way to make more money by chargeing interest on the loan. The 1% was the money you have to put down that was your money. The Federal Res Banking now control margin rate the lowest amount is 40% the money you must put down alway to 100% you must put 100% your money. No pileing up by buying more stock base on the increase value of your without puting down your own money, if you want more stock you must put your own money down to meet margin rule. The today polictian weaken the rule and law to keep Wall Street undercontrol, all of these new finical tools they make up without governmental control is wrong it cause the subprime problen in the houseing market. When I became than muslim in 2002 one of they scholar ask about my checking account interest I only once got 1 penny return on my checking account before I was than muslim. It hard to avoid the dust of interest in the world today.

        • gravenimage says

          Feb 11, 2014 at 9:54 pm

          Buraq wrote, replying to “Brian C. Hoff”:

          You come across as a clown, by the way! Are you one of Mohammed’s morally and mentally skewed followers?
          ………………………………

          Right you are, Buraq. From his illiterate use of “than” as an all-purpose article, it is clear that “Brian C. Hoff” is one and the same as “DefenderofIslam”. And yes—you won’t find a bigger clown here!

  14. Coke says

    Feb 10, 2014 at 2:04 pm

    Welcome to the oxfordistan the land of sharia

  15. Hatrack says

    Feb 10, 2014 at 7:58 pm

    islamic finance??? Pleeease! Like everything else associated with this fetid dogma, it’s just another tool to be used to facilitate creeping jihad in countries they intend to conquer. A modicum of sanity needs to prevail….and soon! Poms, no all of us, need to get off our fat comfortable bums and fight back against islam. Let them know in no uncertain terms “it’s damned well NOT alright anymore.” Remember, this is a war…they have declared it barefaced to us many times…but it seems we are all too comfortable to hear. Islam is NOT a religion, it is a borderless alliance of like minded thugs following a disgusting political dogma, hell-bent on world domination. Where is our brave leadership….no, don’t tell me….they’re all in on it themselves! This amounts to nothing less than full-blown, outright treason. They are NOT our leaders, they are the enemy too. Conclusion..it’s all up to us now! I’ve had this crap up to the eyeballs.

  16. gravenimage says

    Feb 11, 2014 at 9:38 pm

    UK: Islamic bank to open at Oxford
    ………………………………………

    “Shari’ah finance” is a scam and sleight-of-hand—the banks officially can’t charge interest, so they hide the interest—often exorbitant—in fees.

    But really, I wouldn’t much care except for two things: firstly, that “Shari’ah finance” will open the door for more and more Shari’ah, which means the systematic oppression of women, children, and Infidels. Eventually, it will lay a path for Blasphemy strictures, the crushing of freedom of speech, misogynistic “Hudud” laws, and the gaudiest of penalties, including flogging, amputation, and stonings.

    And the second reason is closely related in its aim; “Shari’ah finance” is used to money-launder Zakat to fund violent Jihad. Just as virtually every Islamic “charity” serves to launder money, so will Islamic banks like this one.

    Allowing “Islamic banks” in the civilized West is suicidal madness.

  17. vacation home says

    Feb 14, 2014 at 1:52 am

    Can I simply just say what a comfort to uncover somebody who actually
    understands what they’re talking about on the internet.
    You actually realize how to bring an issue to light and make it important.
    More people must look at this and understand this side of your story.
    I can’t believe you aren’t more popular given that you definitely possess the gift.

FacebookYoutubeTwitterLog in

Subscribe to the Jihad Watch Daily Digest

You will receive a daily mailing containing links to the stories posted at Jihad Watch in the last 24 hours.
Enter your email address to subscribe.

Please wait...

Thank you for signing up!
If you are forwarding to a friend, please remove the unsubscribe buttons first, as they my accidentally click it.

Subscribe to all Jihad Watch posts

You will receive immediate notification.
Enter your email address to subscribe.
Note: This may be up to 15 emails a day.

Donate to JihadWatch
FrontPage Mag

Search Site

Translate

The Team

Robert Spencer in FrontPageMag
Robert Spencer in PJ Media

Articles at Jihad Watch by
Robert Spencer
Hugh Fitzgerald
Christine Douglass-Williams
Andrew Harrod
Jamie Glazov
Daniel Greenfield

Contact Us

Terror Attacks Since 9/11

Archives

  • 2020
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2019
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2018
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2017
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2016
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2015
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2014
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2013
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2012
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2011
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2010
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2009
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2008
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2007
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2006
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2005
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2004
    • December
    • November
    • October
    • September
    • August
    • July
    • June
    • May
    • April
    • March
    • February
    • January
  • 2003
    • December
    • November
    • October
    • March

All Categories

You Might Like

Learn more about RevenueStripe...

Recent Comments

  • curious george on Israel At A Crossroads?
  • Crusades Were Right on Muslim cleric: ‘We welcomed the takeover of ISIS because they wanted to implement the Sharia’
  • William Garrison on The Fantasy Islam of Rice University’s Craig Considine (Part 3)
  • Vladimir on Islamic Republic of Iran: Turkey’s Erdogan champions Islam only as a tool to further his own interests
  • John on Muslim cleric: ‘We welcomed the takeover of ISIS because they wanted to implement the Sharia’

Popular Categories

dhimmitude Sharia Jihad in the U.S ISIS / Islamic State / ISIL Iran Free Speech

Robert Spencer FaceBook Page

Robert Spencer Twitter

Robert Spencer twitter

Robert Spencer YouTube Channel

Books by Robert Spencer

Jihad Watch® is a registered trademark of Robert Spencer in the United States and/or other countries - Site Developed and Managed by Free Speech Defense

Content copyright Jihad Watch, Jihad Watch claims no credit for any images posted on this site unless otherwise noted. Images on this blog are copyright to their respective owners. If there is an image appearing on this blog that belongs to you and you do not wish for it appear on this site, please E-mail with a link to said image and it will be promptly removed.

Our mailing address is: David Horowitz Freedom Center, P.O. Box 55089, Sherman Oaks, CA 91499-1964

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.