Governor Haslam did indeed hire an expert in Sharia Compliance Financing recently by the name of Samar Ali. By doing so he is attempting to make Bradley County and the state of Tennessee Sharia compliant! Is anyone gonna stop this mad man? Why are our local politicians taking every opportunity to take a picture with this man that is dead set on making us Sharia compliant? Perhaps if he partners with the “believers” he can somehow pronounce some type of Taqiyah! I know that one of the Shariah compliant businesses listed have something to do with many local businessmen in town and one has even caught the eye of our local Chamber of Commerce and that name is KPMG, one of the UNs lap dogs and a leader in outsourcing and bonds! Didn’t Bernie Madoff have something to do with them also? Never mind! Noone will talk about that because that is negative and we don’t talk about negative in Bradley County! Right? Exactly!
Does Your Financial Institution Participate in Shariah Compliant Finance?
on JUNE 26, 2012 · in AAOIFI, AIG, AMANA FUNDS, ARCAPITA, BANK OF NEW YORK-MELLONS, BARCLAYS, BLOOMBERG, BNP PARIBAS, CITIGROUP, CLEARSTREAM BANKING SA, COMPANIES, CREDIT SUISSE, CREEPING SHARIAH, DELOITTE TOUCHE TOHMATSU, DEUTSCHE BANK, DHIMMITUDE, DIC, DIFC, DIFX, DOW JONES, DOW JONES ISLAMIC MARKET, FINANCIAL INSTITUTION, FIQH COUNCIL OF NORTH AMERICA, FITCH, GE CAPITAL, GOLDMAN SACHS, GUIDANCE FINANCIAL, HARVARD, HSBC, IFSB, IIFM, IIIT, ISLAMIC BANKING, ISLAMIC FINANCE, ISRA, KPMG, MERRILL LYNCH, MOODY’S, MOODY’S INVESTOR SERVICE, NASDAQ, NATWEST BANK, SHARIA COMPLIANT, SHARIAH BANKING, SHARIAH FINANCE, SHARIAH INSURANCE, SHARIAH MORTGAGE, STANDARD & POOR’S, STANDARD CHARTERED, THOMSON REUTERS, UBS, UBS BANK, UNIVERSITY ISLAMIC BANK
The most common requests we receive here at SFW are questions as to whether banks or brokerage houses “are Shariah-compliant?”
As a result of these numerous inquiries, for the past several weeks, we have carefully compiled a list of financial institutions active in the USA that have some form of tie to Shariah Compliant Finance.
In some cases, the entire institution is Shariah-compliant. In other cases, the overall institution is not Shariah-compliant but it has a division or subsidiary that is, or it offers a product that is Shariah-compliant. In still more cases, some of the entities listed below do not offer financial products at all, but play key roles in enabling Shariah Compliant Finance in the West.
We went to great lengths to confirm each of the names listed below. However, there may be institutions that we have overlooked. We encourage readers to contact us with questions, comments and criticisms via the Comments section below:
Accounting and Auditing Organization for Islamic Financial Institutions
Amana Mutual Funds Trust
Ameen Housing Cooperative
Bank of America
Anchor Finance Group
Beam Capital Management
The BMB Group
J.P. Morgan Chase
The Coca-Cola Company
Ernst & Young
The Fairfax Institute
Fiqh Council of North America
Harvard Law School
Iman Fund/Allied Asset Advisors
International Institute of Islamic Thought (IIIT)
International Islamic Financial Market
International Shariah Research Academy for Islamic Finance (ISRA)
Islamic Financial Services Board (IFSB)
Merrill Lynch & Co.
Moody’s Investor Services
Bank of New York Mellon
Royal Bank of Scotland (RBS)
Standard Chartered Bank
Standard & Poor’s
University Islamic Financial Corporation
Wafra Investment Advisory Group
Bank of Whittier
Wolters Kluwer Financial Services
World Islamic Economic Forum