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Shariah in Business

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).


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


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.


Piggy banks are given the chop as bank tries to attract young Muslims


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.


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."

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