The first-ever global meeting of the Financial Action Task Force (FATF) network of some 200 jurisdictions over the weekend in Paris, “to discuss actions…to combat the financing of the Islamic State of Iraq and the Levant (ISIL) …and to combat the … [Read more...] about The Salafis Daddy Warbucks – Saudi Arabia
Islamic Banking
The Obama Persian Mystery
Obscured by all the hullabaloo over the Congressional speaking invitation to Israeli Prime Minister Benjamin Netanyahu is the more fundamental mystery of the Obama Administration’s Iranian strategy. Laying aside the increasingly evident incompetence … [Read more...] about The Obama Persian Mystery
The Muslim Brotherhood: Breaking Rice Bowls
"Wealth and children are an ornament of life of the world." Sura 18:47. Let no one doubt. Within Islam, no censure is assigned to the personal accumulation of wealth. And no known member of the Muslim Brotherhood (Ikhwan al-Muslimun) has been … [Read more...] about The Muslim Brotherhood: Breaking Rice Bowls
Is Economic Inequality Behind Rising Global Jihad?
History has shown for millennia that grotesque disparities in wealth and power, and ownership of resources, are unsustainable in the long run. I see ISIS as merely the visible tip of a regional economically-based unrest based ultimately upon wealth … [Read more...] about Is Economic Inequality Behind Rising Global Jihad?
Islam and the Other: The al-Wala’ wal-Bara’ Doctrine
Given the U.S. capitulation to Iran, the growing American and European pressure on Israel to relinquish its national security and identity as the Jewish state in favor of the Palestinians, while Syria has become the training "melting pot" for … [Read more...] about Islam and the Other: The al-Wala’ wal-Bara’ Doctrine
What They Don’t Tell You About Islamic Banking
Islamic banking is erroneously viewed as an ancient practice. “Neither classical nor medieval Islamic civilization featured banks in the modern sense, let alone ‘Islamic’ banks,” notes Timur Kuran, professor of economics and law at the University of … [Read more...] about What They Don’t Tell You About Islamic Banking
Printemps Arabe: Obama Va-t-il. Payer La Facture?
Printemps Arabe : Obama Va-t-iL Payer La Facture ? Arnaud Dotezac, Directeur des Rédactions, Market L’histoire retiendra que George W. Bush pu renverser la dictature irakienne à prix d’or (plus de 3000 milliards de dollars) et que Barak Obama aura … [Read more...] about Printemps Arabe: Obama Va-t-il. Payer La Facture?
Shari'a And Islamism, Shari'A Banking And Finance
Today's articles include a good sampling of thoughtful pieces on Shari'a and Islamism. There is also some troubling news from Britain, Canada, Malaysia, Nigeria, Egypt, and Libya. And, yes, the United States, too—including a potential security … [Read more...] about Shari'a And Islamism, Shari'A Banking And Finance
The Muslim Brotherhood Evolution: An Overview
The mass demonstrations that brought down the Hosni Mubarak regime might not have been started by the Muslim Brotherhood, which successive Egyptian governments had banned since 1954, but that well-funded and organized opposition group was quick to … [Read more...] about The Muslim Brotherhood Evolution: An Overview
Anwar Ibrahim’s Islamic Banking Agenda
On her recent visit to Malaysia, Secretary of State Hillary Clinton lauded Malaysia’s “creative approach” to Islamic banking. She also intervened on behalf of Malaysia's "de-facto" opposition Islamic Party leader, Anwar Ibrahim, on trial for sodomy … [Read more...] about Anwar Ibrahim’s Islamic Banking Agenda