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Shariah in Business

Tea With Terrorists?

Caribou Coffee, a Shariah-compliant firm owned by an Islamic bank based in Bahrain, was founded by a prominent member of the Muslim Brotherhood. Yusuf al-Qaradawi, a terrorist banned in the U.S. & U.K., was a key principal in the purchase of Caribou Coffee in 2000. Muhammad Taqi Usmani is on Caribou’s Shariah Supervisory Board. So, why are prominent lobbyists meeting with White House officials at the Caribou Coffee on Pennsylvania Avenue? Why are these meetings taking place outside of the White House indicating a clear lack of transparency?



Investor's Business Daily
July 8, 2010
Washington, D.C.

President Obama promised lobbyists wouldn't run his White House. They're just doing it from across the street — at a Shariah-compliant coffee chain tied to a radical jihadist group.

That's right: According to the New York Times, prominent K Street lobbyists are buttonholing Obama officials at a Caribou Coffee shop on Pennsylvania Avenue, raising far more than just ethics questions. What the Times story neglects to mention is that Caribou Coffee is a Shariah-compliant firm owned by an Islamic bank based in Bahrain. One of its founders and a current adviser are leaders in the radical Muslim Brotherhood.

According to the FBI, the Egypt-based, Saudi-funded Brotherhood has a plan to infiltrate, "sabotage" and "destroy" the U.S. "from within." And it's using American agents and front groups to carry out that espionage.

The off-site White House meetings at Caribou also raise national security concerns. Because they're not taking place at 1600 Pennsylvania Ave., they're not subject to disclosure on White House visitors logs. And there's no Secret Service present — at a shop owned and controlled by a foreign entity hostile to U.S. interests.

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Boycott American, Israeli Goods: Qaradawi

Sheik Yusuf Al Qaradawi, one of the forefathers of Shariah Finance, declared that all Muslims around the world should boycott American and Israeli goods. This fatwa comes as a result of speculation that Israelis intend on razing Al Aqsa Mosque. He declared that Arab leaders have been “mute spectators” thus far.



The Peninsula (Qatar)
March 27, 2010
Doha, Qatar

A famed Doha-based cleric yesterday said Al Aqsa Mosque faced the threat of being razed and asked fellow Muslims the world over to boycott American and Israeli goods in protest.

Dr Yusuf Al Qaradawi told the faithful in his Friday sermon at Omer bin Khattab Mosque that the building activity going on near Al Aqsa Mosque threatened the holy Islamic structure. “The Israelis are building a temple within the precincts of Al Aqsa Mosque with the ultimate objective to demolish the Mosque,” the cleric said in his Friday sermon.

The building of Al Kharab temple near Al Aqsa Mosque is an indication that the latter would be razed, he said.

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As Dubai Millionaires Multiply, Money Masks Missing Liberties




Bloomberg
April 1, 2009
Dubai, United Arab Emirates

From his air-conditioned office on the seventh floor of one of Dubai's twin Emirates Towers, Pakistani tycoon Arif Naqvi surveys the metropolis that made him rich.

To Naqvi's left, about 50 skyscrapers rise above the desert city, where thousands of cranes work on $200 billion of real estate projects, according to HSBC Holdings Plc, Europe's largest bank. Sprawling to his right are the palace, gardens and stables of the emirate's ruler, Sheikh Mohammed bin Rashid al- Maktoum, his wives and children.

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No Bailout for Jihad

FrontPage Magazine interviews litigator David Yerushalmi regarding his and the Thomas More Law Center's lawsuit against Treasury Secretary Henry Paulson.



FrontPage Magazine
By Jamie Glazov
December 23, 2008

FrontPage Interview’s guest today is David Yerushalmi, a litigator specializing in securities law, public policy relating to national security, and public interest law. He serves as general counsel to several policy think tanks, including the Center for Security Policy in Washington, D.C., headed up by former Reagan administration official Frank Gaffney, and the Institute for Advanced Strategic & Political Studies in Potomac, Maryland. Mr. Yerushalmi is the author of an upcoming Utah Law Review article examining in-depth the civil liability and criminal exposure for U.S. financial institutions engaged in Sharia-compliant finance. He is licensed and practices in Washington D.C., New York, California, and Arizona. Visit his policy website, the Society of Americans for National Existence (SANE).

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Mastercard Creates Islamic Debit Card




BusinessWeek
August 5, 2008
Malaysia

MasterCard Worldwide and EonCap Islamic Bank (a member of Malaysia's Eon Bank Group) have jointly launched what they are billing as the world's first Islamic debit MasterCard—the EonCap Islamic Debit MasterCard.

The EonCap Islamic Debit MasterCard is basically a debit card with ATM functions as well. It also works on PayPass systems, which enables a person to swipe it on a terminal without the card leaving the cardholder's hand. It is referred to as blending traditional purchasing power with modern technology and is Shari'ah compliant

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