Is Mayor Bloomberg Finally Starting to Make Cents?
Mayor Bloomberg is not making sense. He is not saying, “Lets slow down, New Yorkers are hurting”. He is not saying, “Tolerance and respect goes both ways”. He is not saying “Wait, there are concerns...
View ArticleFinancial Jihadists Use Ramadan and Marketing Money to “Pitch” Shariah Finance
Jakarta-based Bank Syariah Mandiri joined Islamic lenders worldwide to use Ramadan to remind Muslims to obey the teachings of the Prophet Muhammad that ban interest. Marketing campaigns aimed at 1.6...
View ArticleDubai Sukuk ‘Massive’ Rally Ruled Out by Citi
Dubai’s Islamic bonds, after beating sukuk from Malaysia this quarter, may face limited gains because the restructuring of Dubai World’s $24.9 billion in debt requires asset sales over eight years....
View ArticleJama’atul Mujahideen Bangladesh still getting plenty of funds from zakat
Flow of money from local, foreign sources remains intact despite arrest of top brass Financial strength of militant organisation Jama’atul Mujahideen Bangladesh has been a grave concern for law...
View ArticleGoing Back to the Scene of the Crime: Low Sukuk “Yields” in Malaysia...
Yields on Malaysia’s sovereign Islamic bonds are trading at the narrowest premium to Treasuries since they were sold, giving investors incentives to buy higher- returning sukuk after Dubai World’s debt...
View ArticleJordan Studies Issuing of Sukuk
The Jordanian government is working to speed up the use of Shariah-c0mpliant financing tools and has recently formed a committee to study issuing a sukuk (Islamic bond)…...
View ArticleIslamic Development Bank plans sukuk offering to raise $850m
The Islamic Development Bank (IDB) based in Jeddah, Saudi Arabia, the financial arm of Wahhabi dawa’h operations, is set to issue another Sukuk to fund its global operations…...
View ArticleSaudi Charity Faces Scrutiny for Zakat Improprieties
The Makkah Charitable Foundation (MCF) has been investigated for delaying the distribution of foodstuffs to the needy, a violation of procedures for Zakat Al-Fitr under Shariah law…...
View ArticleCongressman Gregory Meeks Ran Interference for Al Qaeda-linked Imam
US Rep. Gregory Meeks scolded immigration officials for questioning a Muslim scholar whose nonprofits have been linked to financing terrorism. The Queens Democrat contacted federal agencies — finally...
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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