“Do I have to change my religion to get the best deal?” asked one woman. The answer is no: “A Lloyds spokesman said Islamic accounts were intended for customers who cannot receive or pay interest under sharia, but were available to anyone, regardless of their faith.” How wonderful! You can avoid the overdraft fees as […]
UK plans Sharia-compliant student loans to get more Muslims into university
The British officials’ reasoning here is clear: they think that jihad terrorism is a product of ignorance and lack of opportunity, so if they adopt Sharia-compliant loans to make it easier for Muslims to get a good education, they will be able to stave off jihad terror, the goal of which is to make them […]
UK: Islamic bank to open at Oxford
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: […]
HSBC gets slap on the wrist: $32,400 fine for laundering millions of dollars for Hizballah
“In December 2012, the bank agreed to pay a $1.9 billion settlement for moving money that a 2012 Senate report found had likely helped drug cartels and a Saudi Arabian bank the CIA has linked to al Qaeda.” This rogue pro-jihad bank should be shut down. Instead, a token fine. “HSBC Gets Small Fine For […]
David Cameron: “I want London to stand alongside Dubai as one of the great capitals of Islamic finance anywhere in the world”
Britain’s eager and active engagement with Sharia finance will make it ever more difficult for it to resist imposition of other aspects of Sharia. An update on this story. “London aims to ‘stand alongside Dubai’ as Islamic finance hub,” from Al Arabiya, October 29 (thanks to Lookmann): The British Prime Minister David Cameron wants London […]
UK encouraging banks to offer Sharia-compliant services: “We want to be the leading Islamic finance sector outside of the Muslim world”
Banning people who speak critically of jihad terror and Islamic supremacism. Letting in imams who speak positively about jihad terror and tearing infidels limb from limb. And now this: trying to rival Dubai and Kuala Lumpur as a center of Islamic finance. It looks as if the rulers of Britain have decided to make Britain […]
UPDATE: J. Jill, PODS Moving and Storage Caribou Coffee, Church’s Chicken owned by Muslim Brotherhood-linked bank
UPDATE: Jihad Watch reader Christopher has just informed me that Arcapita no longer owns either Church’s Chicken or Caribou Coffee. Arcapita sold off Church’s back in 2009. They held an IPO for Caribou Coffee in 2011 and subsequently divested all of their shares. ———————————————- One that used to boast the genocidal Jew-hating Sheikh Yusuf al-Qaradawi […]
British bank schemed with Iran to launder $250 billion, leaving U.S. financial system vulnerable to jihadists
Anything for a buck, even treason. “UK bank accused of Iran money laundering scheme,” by Michael Gormley for the Associated Press, August 6 (thanks to all who sent this in): ALBANY, N.Y. (AP) “” A British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007, leaving the United States’ financial […]
HSBC maintained ties with one of bin Laden’s chief jihad bankrollers
Global finance completely compromised. “Report Shows How HSBC Maintained Its Ties With One Of Osama Bin Laden’s Key Benefactors,” by Linette Lopez for Business Insider, July 17 (thanks to Twostellas): Yesterday, the Senate released a report on HSBC’s ties to the darkest actors in global finance. Today, the details of the 335 page investigation are […]
Haraam – What Islam hates about the West
By Jennifer Bonne One of the reasons Islam can never integrate with Western society is because so many things that make up the basic freedoms people in the West enjoy are against the teachings of Islam. Islam has a word for things that it considers ungodly or immoral – Haraam, which means ‘forbidden’ in Arabic. […]
Ireland may be the first EU state to sell Islamic bonds
Ireland, of course, has been in financial trouble, and appears willing to chase after the “next big thing” at the expense of principles to see some income. In all likelihood, Sharia finance will eventually bubble and burst like every other wave of irrational exuberance in the financial sector, and economies that pursued it will be […]
Indonesia selling Sharia-compliant Islamic bonds today
Sharia-compliant Islamic bonds. The means compliant not just with Sharia’s rejection of interest, but with its denial of the freedom of speech, the freedom of conscience, and the equality of rights of women and non-Muslims. So the posters above can kick off the ad campaign. “Indonesia to Sell Seven-Year Global Islamic Bonds Today,” by Elffie […]
Geller: Father and son jihadists
In “Father and son jihadists” in World Net Daily, August 30, Pamela Geller discusses Umar Farouk Abdulmutallab, the Christmas underwear bomber, and his rejection of American law for Islamic law — as well as the little-noted Sharia activities of his “moderate” father in Nigeria: Umar Farouk Abdulmutallab, the Christmas underwear bomber, is back in the […]
U.K.: Muslim groups demand Sharia-compliant student loans, because paying interest is against Islamic law
This was surely in the works anyway, but the timing is noteworthy as interest rates on student loans are set to become more expensive next year in Britain. “Separate” will indeed be unequal, and anything that doesn’t err on the side of resulting in a better deal for Muslim borrowers will likely be decried as […]
Nigeria: Catholic and Anglican bishops condemn “governance by ambush” in imposition of Sharia banking, negotiations with Boko Haram
They know the stakes of the Islamization of Nigeria. For them, unlike some of their Western co-religionists, this is no experiment, and no drawing room discussion of what Sharia could/would/ought to be. They have to deal with it as the supremacist threat that it is to freedom of religion, worship, speech, and conscience. “Bishops condemn […]
Supreme Council for Sharia in Nigeria warns Christian community not to resist Islamic banking, or face group’s wrath
A sternly worded letter? No, they say they “would rather go to war” than give up their campaign for Sharia finance. “Muslim group says no going back on Islamic Banking,” by Tony Akowe for The Nation, July 24: A Muslim group in the North yesterday threatened to defend the implementation of the Islamic Banking system […]
US worried about jihad terror activity in UK Sharia banks
This is a concern only in Britain? And does anyone care now, or did they only care in 2006? “US terrorist concern on UK sharia banks -WikiLeaks,” from Reuters, March 15: LONDON, March 15 (Reuters) – U.S. authorities expressed concerns that Britain’s growing sharia banking sector may be exploited to channel funds to terrorists, the […]
Michigan court ruling boosts Islamic finance
District Judge Lawrence Zatkoff said that “the plaintiff did not prove that AIG’s sharia-compliant businesses engaged in religious indoctrination” and drew a “distinction between sharia-compliant business as a financial model and overall Islamic law.” But in actual Islamic law, no such distinction exists. And that’s what’s wrong with Zatkoff’s ruling, and the reason why, if […]
South Korea brushes aside jihad terror financing fears, to partner with Malaysia on Islamic finance
If the Norks don’t get them, this will. “South Korea to Learn From Malaysia on Islamic Finance,” by Manirajan Ramasamy and Frances Yoon for Bloomberg, December 10: Dec. 10 (Bloomberg) — South Korea wants to learn about Islamic finance from Malaysia, President Lee Myung Bak said today following a local newspaper report that parliament had […]
UK: Muslim students challenge interest on tuition fees
Once again, non-Muslims must change their practices to accommodate Muslims. “Muslim challenge to tuition fee interest charges,” by Sean Coughlan for BBC News, November 4 (thanks to all who sent this in): Muslim student leaders say changes to tuition fees in England could breach Islamic rules on finance, which do not permit interest charges. The […]