Business

Three Men Accused of Sharia-Law Ponzi Scheme

CHICAGO (Reuters) – Three men defrauded 300 Muslim investors and three banks out of $44 million in a real estate Ponzi scheme that promised profits, not interest, to adhere with sharia law, federal prosecutors said on Wednesday.

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November 18, 2010

Islamic Banking Hits the Web

A jaunt to now-Muslim-majority Bethlehem, in the Palestinian Authority, reveals a thriving city: renovated, bustling, affluent. When I remark on the profusion of late-model European SUVs, my Palestinian host shrugs: “Like in the West — they live beyond their means.”

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November 18, 2010

American Muslim Consumer Conference Brings Attention to a 170 Billion Dollar Market

NEW BRUNSWICK, NJ–With close to 400 participants and 24 speakers, the second American Muslim Consumer Conference provided its participants with an entire day of informative sessions, networking opportunities and provided a base for understanding how to engage the American Muslim Consumer.

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November 11, 2010

President Obama’s Speech to Indonesia

THE PRESIDENT: Terima kasih. Terima kasih, thank you so much, thank you, everybody. Selamat pagi. (Applause.) It is wonderful to be here at the University of Indonesia. To the faculty and the staff and the students, and to Dr. Gumilar Rusliwa Somantri, thank you so much for your hospitality. (Applause.)…

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November 11, 2010

Community News (V12-I46)

Muslim and Jewish doctors help the needy in Detroit / Vermont interfaith group works with Muslims / Michigan’s Mexican halal restaurant / Kentucky mosque granted permission

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November 11, 2010

Opt Out of a Body Scan? Then Brace Yourself

Reporter yelled at and lied to after requesting pat down rather than naked body image.

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November 4, 2010

Islamic Finance Faces Political Hurdles in US

From Australia to Britain and even France, which recently banned the face-veil, Western economies are adjusting their laws to encourage growth in the Islamic finance sector they hope will attract wealthy Gulf investors. But the US…

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October 21, 2010

Oasis Aims to Build Shariah-Investment Fund Brand

Interview re. Oasis Group Holdings. Oasis Group Holdings is the pioneer of Shariah-compliant investment products – both equity and property funds and REITs (real estate investment trusts) – in South Africa since it launched its first Islamic fund in August 1998, the Oasis Crescent Global Equity Fund.

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October 7, 2010

Some Gold Bulls Brace for Correction to Rally

NEW YORK (Reuters) – The gold market’s fierce rally this week could be due for a correction if the telephone on hedge fund manager Dennis Gartman’s desk remains true to form as a leading indicator.

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October 7, 2010

Shari’ah-Compliant Australian Equity Fund Approved by Bahrain Authorities

The Central Bank of Bahrain has authorised formation and marketing of the Hyperion Australian Equity Islamic Fund, the first Shari’ah-compliant offshore fund comprised of the country’s stocks.

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September 30, 2010

Gulfmena to Set up Islamic Asset Management Firm

DUBAI, Sept 20 (Reuters) – Qatar First Investment Bank (QFIB) and specialist regional asset manager Gulfmena Alternative Investments plan to set up a sharia-compliant asset management firm to tap into rising demand for Islamic investment products.

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September 30, 2010

Islamic ‘Finance’: Between Faith and the Law

ON SEPTEMBER 9, a senior bureaucrat told an Indian court that the law of the land does not allow Islamic banking… What he was possibly unaware of was a meeting held at the Reserve Bank of India headquarters in Mumbai a fortnight before his court appearance.

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September 23, 2010

Syria Invites France to Invest in Tourism Industry

Syria (Damascus) – Syrian is encouraging French investor to set up new tourism projects in the country, Global Arab Network learned.

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September 16, 2010

Algeria: US Businessmen to Visit Algiers Seeking Investment Opportunities

A delegation of about fifty American businessmen to visit Algeria from 25 to 30 September, seeking investment opportunities in the country, Global Arab Network reports learned.

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September 16, 2010

Nadeem Syed appointed to Inspirage Board of Advisors

MOUNTAINVIEW, CA–Inspirage, a leading provider of global implementation services for Oracle’s Value Chain Planning solutions, announced today the immediate appointment of Nadeem Syed, former head of Oracle Value Chain Planning Development, to its Board of Advisors.

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September 10, 2010

Ron Paul Calls for Audit of US Gold Reserves

“If there was no question about the gold being there, you think they would be anxious to prove gold is there,” said U.S. Rep. Ron Paul of the Federal Reserve.

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August 26, 2010

Streetline Appoints Zia Yusuf as President & CEO

Streetline, Inc., a global leader in wireless sensor enabled smart city solutions, announced today that veteran SAP senior executive Zia Yusuf has joined the company as President & CEO…

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July 29, 2010

Yusuf Mehdi, Senior VP, Microsoft

Before his current role, Mehdi served as Microsoft’s chief advertising strategist and senior vice president of Strategic Partnerships.

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July 18, 2010

Who Controls America?

The financial oligarchy exercises incredible political influence on Washington decision-makers by dominating ex-officio appointed bodies that in reality shape the foreign and domestic policies of the United States but fall outside the constitutional structure. This pattern of supra-governmental bodies setting national policies makes a mockery of the principle of the sovereignty of the people.

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July 1, 2010

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