Islamic Finance and Economics

  • Islamic Finance Industry Shows String Growth Worldwide

    April 28, 2022

    Sharia-compliant/compatible finance assets continue to show robust global growth and are projected to reach almost $4 trillion within the next two years, according to a comprehensive report issued by the Organization of Islamic Cooperation’s (OIC) Islamic Development Bank, with especially strong expansion of the Islamic banking sector in the regions of the Middle East and Southeast Asia. 

  • US Treasury's OFAC Sanctions IS Financiers & Facilitators in South Africa for Expanding Islamist Militancy

    March 09, 2022

    The US. Treasury Department's Office of Foreign Assets Control (OFAC) recently designated four South Africa-based individuals as facilitators and financiers in criminal activity, including financial extortion, money laundering, and kidnapping for ransom, all towards supporting the organization, recruitment, and operations of IS in Africa, with Treasury's sanction aimed at staunching the spread of Islamist militancy across the African Continent.

  • Iran Inks 25-Year Strategic Cooperation Agreement With China

    March 04, 2022

    The 25-year strategic cooperation inked by Iran's Islamic theocratic regime with China's communist authoritarian regime is now coming onstream, generating a complex network of economic, military, and security arrangements that will reinforce the Islamic regime state coercive apparatus through access to China's digital technologies of surveillance, information control and distortion, and espionage. 

  • Turkey’s Sanctions Busting & Money Laundering Under Scrutiny in US Court Case on Halkbank

    February 08, 2022

    The US Justice Department (DOJ) is watching this weeks Manhattan Court of Appeals decision by the government of Turkey on a DOJ case charging Turkish state lender Halkbank of money laundering and sanctions busting for Iran, with a negative ruling on the appeal set to trigger a case that will put senior leadership in NATO-member Turkey at the center of judicial proceedings.

  • Islamic Fintech on the Rise in UK and Global Markets

    February 02, 2022

    The United Kingdom’s (UK) strong interests in making London a global hub for sharia-compliant/compatible banking and finance is set to continue with a focus on aggressive expansion into Islamic do tech (financial technology), a sector that financial exports project to have robust short- and medium-term growth in both core Organization of Islamic Cooperation (OIC) countries and in international markets. 

  • Islamic Finance Continues Global Expansion Despite COVID

    February 01, 2022

    Saudi Arabia, Malaysia, and Iran are the leaders in the $200 billion global Islamic funds market, which continues to show strong growth under COVID conditions, and the General Council for Islamic Banks and Financial Institutions (CIBAFI), which is the official monitoring entity of the Organization of Islamic Cooperation's (OIC) Islamic Development Bank, forecasts continuing expansion of sharia-compliant/compatible funds.

  • Turkey’s Islamists Win Appeal to US Supreme on Halkbank Iran Sanctions Busting Case

    January 26, 2022

    Turkey’s Islamist regime has scored a win in the U.S. judicial system, when a U.S. appeals court ruled in favor of Turikish-state-owned lender Halkbank’s petition to appeal to the Supreme Court to throw out a case against Halkbank for multiple indictments of money laundering, bank fraud sanctions, and participation in a multi-billion scheme to evade US sanctions against Iran’s Islamist regime.

  • Strong Growth Trends Projected in 2022 for Global Islamic FinTech

    January 19, 2022

    The steady expansion of sharia principles into global financial markets and practices is reflected in the strong growth projections for 2022 in the Islamic FinTech industry, with particular areas of sharia-compliant/compatible services and norms projected in Organization of Islamic Cooperation (OIC) countries pushing digital banking, ESG (environmental, social, and corporate governance) investment.

  • Islamism A Core Component of Turkey’s Economic Implosion

    January 17, 2022

    According to the Westminster Institute Politcal Islamist discourse and objectives are at the core of NATO-member Turkey’s economic implosion, as Turkey’s President Recep Tayyip Erdogan makes anti-Semitic arguments to explain global interest rate policy related to inflation and uses Islamist foreign policy adventurism that has contributed to he drain of the country’s treasury.

  • Sharia Law Comes to Vermont Credit Union’s Lending Program

    January 14, 2022

    A credit union in the New England state of Vermont has announced the of sharia-compliant lending model designed to attract Muslims to the state’s housing market, with an imam from one of the state’s Islamic societies working with the credit union to develop financing options that comply with Islamic law.  

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