Shariah in Business Joomla! - the dynamic portal engine and content management system Fri, 27 Jan 2012 02:58:13 +0000 Joomla! 1.5 - Open Source Content Management en-gb Iran Banks on East to Evade Sanctions

Avi Jorisch
April 27, 2011
By Avi Jorisch

As the United States and its allies continue to pressure Iran through targeted economic sanctions in an effort to force the Islamic Republic to abandon what is suspected to be a nuclear weapons program, Asian countries such as China, South Korea and Malaysia are aiding and abetting Iran's nuclear program by providing it with access to international financial markets and the ability to purchase dual-use nuclear materiel.

As a high-ranking Iranian customs official pointed out this month, Iran is increasingly dependent on Asian imports for the health of its economy. If the international sanctions regime is to have a chance of succeeding, Asian countries will have to close Iranian banks openly operating in their jurisdictions to curb the Islamic Republic's ability to obtain illicit commodities; otherwise, the sanctions will ultimately fail.

The United Nations, the European Union and the United States have taken steps to isolate Iranian banks that are suspected of financially facilitating the purchase of illegal goods via the international financial system. The United Nations, for example, has blacklisted four Iranian financial institutions for their role in proliferating weapons of mass destruction - the Sepah, Melli and Mellat banks, and the First East Export Bank of Iran. Three of the four operate in Asia: Bank Melli is in Hong Kong, First East Export Bank in Labuan, Malaysia, and Bank Mellat in Seoul, South Korea.

]]> (Nick Holton) Shariah in Business Wed, 27 Apr 2011 00:00:00 +0000
New Lawsuit Claims Discrimination Against Muslim Disneyland Employee This article describes the dress code to which employees agree in their contracts when becoming Disney employees.

Disney Kingdom Reloaded
August 18, 2010
Anaheim, CA

Seems to be the week for lawsuits against Disney…

The latest comes to us from Anaheim where Imane Boudlal, who works at the Storytellers restaurant at Disney’s Grand Californian Hotel, is expected to announce in a press conference this afternoon that she’s filing a discrimination suit against the mouse.

Boudlal says that her employer will not allow her to wear her hijab on the job and that they have sent her home from work three times already when she did. She will attempt to wear it to work again today and is expecting to be sent home again for doing so.

Boudlal recently gained her citizenship in June and is challenging her constitutional right to freedom of religion.

]]> (Nick Holton) Shariah in Business Wed, 18 Aug 2010 00:00:00 +0000
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.

]]> (Nick Holton) Shariah in Business Thu, 08 Jul 2010 00:00:00 +0000
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.

]]> (Nick Holton) Shariah in Business Sat, 27 Mar 2010 00:00:00 +0000
As Dubai Millionaires Multiply, Money Masks Missing Liberties

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.

]]> (Administrator) Shariah in Business Wed, 01 Apr 2009 00:00:00 +0000
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).

]]> (Nick Holton) Shariah in Business Tue, 23 Dec 2008 00:00:00 +0000
Mastercard Creates Islamic Debit Card

August 5, 2008

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

]]> (Administrator) Shariah in Business Tue, 05 Aug 2008 00:00:00 +0000
Egypt: Hyatt and dry - Saudi hotel owner takes the fizz out of Cairo's tourist allure Cairo Hyatt Hotel dumps $1mm cognac and champagne into Nile by order of Shariah Sheikh Hotel owner. Alcohol is prohibited under Shariah Law.

The Guardian (UK)
July 21, 2008
Cairo, Egypt

Duke's pub in downtown Cairo is supposed to provide a familiar slice of English comfort amid the noise and pollution of the Arab world's biggest city. There are soft green leather furnishings and a beautifully polished oak bar, but the most essential ingredient - alcohol - is conspicuous by its absence.

Amir, the pub's grey-haired bartender, stared disconsolately at a display of fruit syrups behind the counter. "What's an English pub without beer?" he sighed.

Duke's has been dry since May, when staff at the Grand Hyatt hotel complex, which houses the pub, were ordered to empty every bottle of booze on the premises into the Nile. Cases of the finest cognac and champagne in the region were among the casualties, with local press reports suggesting up to $1m (£500,000) worth of alcohol was washed away.

]]> (Administrator) Shariah in Business Mon, 21 Jul 2008 00:00:00 +0000
Piggy banks are given the chop as bank tries to attract young Muslims alt

The Times (London)
February 23, 2008
The Netherlands

Knorbert the piglet has been dropped as the mascot of Fortis Bank after it decided to stop giving piggy banks to children for fear of offending Muslims.

The decision has been viewed in the Netherlands as the ritual slaughter of a popular pig by political correctness. To some, it is the latest sign of uncertainty in Europe's most tolerant country about how far it should go to accommodate the sensitivities of minorities. It comes as the country is braced for a backlash against the plans of Geert Wilders, a right-wing politician, to release a critical film about the Koran.

Pigs are considered an unclean animal by Muslims and Jews, and Knorbert was culled after seven years as the Fortis mascot. A spokesman told the Dutch media that “Knorbert does not meet the requirements that the multicultural society imposes on us”. The bank added that there had been “a number of reactions to the pig” and that a new gift and character were being developed that would be “fun for children of any persuasion”. Children who had received a Knorbert piggy bank for opening a EuroKids account will be given a junior encyclopaedia instead.

]]> (Administrator) Shariah in Business Sat, 23 Feb 2008 00:00:00 +0000
Buying Fox News

The American Center for Democracy
December 13, 2005
By Dr. Rachel Ehrenfeld and Alyssa A. Lappen

Saudi Prince al-Waleed bin Talal boasted in Dubai earlier this week about his ability to change the news content that viewers around the world see on television.

In early September 2005, Bin Talal bought 5.46% of voting shares in News Corp. This made the Fifth richest man on the Forbes World's Richest People, the fourth largest voting shareholder in News Corp., the parent of Fox News. News Corp. is the world's leading newspaper publisher in English. It operates more than 175 newspapers, in the UK, Australia, Fiji, Papua New Guinea and the US, and distributes more than 40 million papers per week. In addition, News Corp. owns and operates an international collection of TV outlets, radio stations, magazines, book publishers and film studios.

After bin Talal purchased his voting shares in News Corp., on September 23, 2005, he stated in an advertising supplement to the New York Times, “When I invest in a group like CITICROUP, the Four Seasons, the News Corp. or Time Warner, my objective is not to manage those companies.” But this is not quite accurate, considering the Prince’s December 5, 2005 statement given to Middle East Online regarding his ability to change what viewers see on Fox News. Covering the riots in Paris last November, Fox ran a banner saying: "Muslim riots." Bin Talal was not happy. "I picked up the phone and called Murdoch... (and told him) these are not Muslim riots, these are riots out of poverty," he said. "Within 30 minutes, the title was changed from Muslim riots to civil riots."

]]> (Nick Holton) Shariah in Business Tue, 13 Dec 2005 00:00:00 +0000