Shariah Compliant Finance

In response to a troubling new development-- the rise of so-called Islamic or Shariah Finance-- the Center has undertaken a campaign aimed at identifying and exposing the origins, methodologies, and dangerous consquences of this burgeoning phenomenon.

Shariah Financing involves the use of so-called "advisors" to certify that transactions comply with the tenets of Shariah law's medieval behavioral code. Worryingly, nearly every one of these advisors works for organization directly or indirectly associated with the radical Wahhabist or Salafist schools of Islamic thought. By integrating themselves into the Western financial structure, proponents of this doctrine can essentially shield from regulatory mechanisms the transfer of millions of dollars in zakat, or charity payments, from wealthy Middle Eastern radicals to violent and/or subversive organizations in Europe and the United States.

Advocates of Shariah financing believe that they may have found an indirect way to begin imposing their obscurantist code upon the free peoples of the world. In the comings months, the Center's research and educational efforts will begin to multiply as it focuses more attention onto this problem, which is expected to begin garnering national-level media and political attention.

Shariahfinancewatch.org

As we start the second year of the Shariah Finance Watch website, the Center for Security Policy wishes to thank our readers and researchers for making this a useful public resource documenting the serious risks of Shariah Compliant Finance and Shariah Law. CSP is committed to continuing and expanding the Shariah Finance Watch content and analysis in 2009.  

If you are interested in contributing to Shariah Finance Watch as a volunteer researcher, analyst or expert in Shariah Compliant Finance or Shariah Law, please contact Christopher Holton at christopherh@securefreedom.org. 

We face challenging times, as many European and U.S. government agencies are planning in 2009 to establish Shariah Compliant Finance as a standard in the newly nationalized financial institutions resulting from the financial crises of 2008.  Please consider helping us inform the public about the possible civil and criminal liabilities and risks of Shariah Compliant Finance, and the threats to human rights of Shariah Law.