Shariah Compliant Banks - Check it Out!

 ACT now!

We receive many emails asking us for a list of banks participating in Sharia finance. We urge you to visit this website. It lists financial institutions here and around the world and the latest information on Sharia finance.

http://shariahfinancewatch.wordpress.com/shariah-compliant-banks/

Shariah Compliant Banks

National Security and Financial Risks: Islamists are attempting to impose Shariah Compliant Finance (SCF) on Western institutions to use our own financial strengths against us. The most serious problem with SCF is that it legitimates and institutionalizes Shariah law (i.e., Islamic law), a theo-political- legal doctrine violently opposed to Western values. With $1 -$2 trillion petrodollars annually looking for an investment home, blind exuberance is driving financial institutions to adopt SCF, without even a minimal baseline for legal compliance. This willful blindness, and lack of both transparency and due diligence may cause SCF to be the next sub-prime crisis, but this time with deadly consequences.

Legal Risks: Western financial institutions which adopt SCF may have criminal and civil exposure to claims of aiding and abetting sedition and the material support of terrorism, securities fraud, consumer fraud, racketeering, and antitrust violations, as well as exposure to tort claims for sedition and terrorism, and for the violation of internationally recognized norms of the law of nations.

Terror Financing Mechanism: SCF as monitored by paid Shariah law advisors to U.S. banking institutions must “purify” certain return on investment (ROI) dollars that do not meet Shariah law standards. This money must be donated to Islamic charities - including some that promote Jihad and support suicide bombing. Investment disclosures state that these profits can be as high as 6% of profits of investments. With $800 billion already in SCF assets, the potential for billions of dollars to be siphoned off for terrorism is real. This would be a serious criminal violation of U.S. law.

Consider this example: Shariah Mutual Funds promote themselves as “ethical funds.” To be Shariah-compliant, they donate “tainted” revenues to Shariah-compliant “charities.” A post 9-11 U.S. investor in a Shariah-compliant “ethical investment” is not told that Shariah law also requires imposing Shariah as U.S. law, execution of gays and female apartheid. Is he a victim of consumer fraud? Is this same post 9-11 investor unwittingly funding terror? The government has shut down the three largest Shariah-compliant charities in the U.S. - the Holy Land Foundation, Benevolence International Foundation, and the Global Relief Foundation - after proving they funded terrorist organizations. The American taxpayer deserves answers to these questions. The Center for Security Policy (CSP) is meeting directly with members of Congress, U.S. regulatory agencies and Wall Street financial institutions in order to ensure the enforcement of existing U.S. laws on sedition, disclosure, material support of terrorism, and money-laundering. CSP is committed to revealing the civil liability and criminal exposure of Shariah law and Shariah-compliant finance.

WHAT IS SHARIAH LAW?
Understanding Shariah law is integral to understanding the dangers of Shariah-compliant finance. Shariah law is Islamic law dating back to the 7th century and is today the law of

the land in Saudi Arabia, Iran, Sudan and the law under which the Taliban operates.

Recent polls reveal that only 10-15% of Muslims worldwide want to live under this all-encompassing system of Islamic jurisprudence that covers all aspects of a Muslim’s life including religious, social, political, and military obligations. However, with a current population of 1.5 billion Muslims, this translates to a huge pool of Jihadist recruits and supporters - a base of approximately 150 - 225 million Muslims. Shariah law authorities, some of whom are now being paid handsomely by Barclays, Dow Jones, Standard & Poors, HSBC, Citibank, Merrill Lynch, Deutschebank, Goldman Sachs, Morgan Stanley, UBS, Credit Suisse and others have the power to dictate Shariah compliance as deemed by “scholarly consensus” on matters of finance, family, penal law, apostasy, and war. Examples of authoritarian Shariah law include: requirement of women to obtain permission from husbands for daily freedoms; beating of disobedient woman and girls; execution of homosexuals; engagement of polygamy and forced child marriages; the testimony of four male witnesses to prove rape; honor killings of those, principally women, who have dishonored the family; death to apostate Muslims who chose to leave Islam; inferior status of non-Muslims, and capital punishment for those “slander Islam.”

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American Congress for Truth

I tried to research the first couple of companies and found no evidence on their website of catering to Sharia law abiders. The first one listed is actually two companies, Alpha Natural Resources, which is a coal producer so I don't know what it has to do with Sharia law? The second is Asset Acceptance Capital Corporation.

I wish when stuff like this comes out, sources and proof come along with it. I do not feel good blasting emails out to them....... 

If you can site proof of them catering to Sharia...let me know!!! 

From the front post!!!!

American Congress for Truth P.O. Box 6884
Virginia Beach, VA 23456
member@americancongressfortruth.org
http://www.americancongressfortruth.org

http://shariahfinancewatch.wordpress....

They list a lot of companies in Malaysia?  Hello...Malaysia is a Musllim country!!! I could care  less what they do there....

I am only concerned with companies that have their headquarters here! 

Catharine Furrer-Lech   
Chair UBS Islamic Finance Committee   
catharine.furrer-lech@ubs.com

Citi Islamic Investment Bank
https://www1.citibank.com/ciib/homepa...

EDS CREDIT SERVICES
larry.walker@eds.com   

AL BARAKA BANCORP
baraka@batelco.com.bh

AMERICAN ASSETS INC.
sharaway@msn.com

AMEEN HOUSING CO-OPERATIVE OF CALIFORNIA
info@ameenhousing.com

HOMES & LOANS REALTY
hamid_aghili@eee.org

BEAM CAPITAL MANAGEMENT, LLC
info@beamcap.com

CRESCENT CAPITAL INVESTMENTS, INC.
info@crescentcapital.com   

MATRIX MANAGEMENT GROUP, INC.
iica1@home.com   

SATURNA CAPITAL CORPORATION
webmaster@saturna.com   

WAFRA INVESTMENT ADVISORY GROUP
wafra-info@wafra.com   

WELLINGTON MANAGEMENT
info@wellington.com   

ARAB BANKING CORPORATION (USA)
robert.ivosevich@arabbanking.com   

GUIDANCE FINANCIAL GROUP
info@guidancefn.com   

UNIVERSITY ISLAMIC FINANCIAL
info@universityislamicfinancial.com   

FAILAKA ADVISORS LLC
chicago@failaka.com   

SHARIAH CAPITAL
bredman@shariahcap.com   

ANCHOR FINANCE GROUP LLC
info@anchorfinancegroup.com   

CALYX FINANCIAL
information@calyxfinancial.com   

ISLAMIC FINANCE PROJECT - HARVARD LAW SCHOOL
ifp@law.harvard.edu   

SUNRISE EQUITY
info@sunriseequities.com   

ABANA-ARAB BANKERS ASSOCIATION OF NORTH AMERICA
aadeyemo@arabbankers.org   

Ok...so I went to:  http://shariahfinancewatch.wordpress....

I had to scroll way down to find:

 United States HSBC Amanah HSBC Securities (USA) Inc. 452 Fifth Avenue, Tower 25 New York, NY 10018 Tel: (1 212) 525 8142 Fax: (1 212) 525 8143 Email: julie.rotondini@us.hsbc.com Catharine Furrer-Lech Chair UBS Islamic Finance Committee catharine.furrer-lech@ubs.com

This is probably a Saudi or some middle east country company .

Lot's of email addresses. Don't know who they are or what company they are. 

I really don't care if Citibank or J.P Morgan has an office in Malaysia and is doing Sharia business there. I care if they are doing Sharia business in this country! 

I emailed Merril Lynch and asked if they have a department that handles Sharia Law compliant financial transactions. I got a reply from a  First Vice President, Global Diversity & Inclusion.  His reply was "can you be more specific? Are you looking for investment opportunities? In which country?"

I made it as understandable as I could. He hasn't responded yet.  

Here is the response I received: 

 Ray,

I understand that we do have the ability to deliver a Sharia compliant loan. Let me know if we can be helpful.

tom

Thomas Milligan
First Vice President
Global Diversity & Inclusion
212.236.9977
Thomas_Milligan@ml.com

 And here is what I replied back with:

 So, you would adhere to Sharia law? Did you and.or your company know that Sharia law is the instrument by which Political Islam seeks to control the Muslim world as well as the civilized world?

And that Sharia law conflicts with many basic human values, such as equality before the law, that punishments should be commensurate with the crime, and that the law must be based on the will of the people. Under Sharia law, woman are not allowed to attend school except for a fortunate few who are allowed to attend medical school. When you seen the videos on major TV channels of muslims beating women in the streets of Iran and Afghanistan, they are following Sharia law.....

Let me just say that businesses in the U.S. that are doing business with muslims according to Sharia law are propagating hate and violence. The fact that you are doing this is known. I just wanted to verify.

I encourage you and your company to investigate exactly what Sharia is and what it does.

You should not be encouraging such barbaric practices...

I am encouraging all citizens NOT to do business with companies that encourage Sharia....

Regards,

Ray

No response yet.....