Posted on 11/13/2009 8:10:31 AM PST by LSUfan
Yesterday the US attorney’s office in Manhattan moved to seize assets of a non-profit foundation tied to Iran. Among those assets are four mosques in New York, California, Maryland and Texas, 100 acres of land in Virginia and a 36-story building at 650 5th Avenue in Manhattan.
Much of this activity centers around the ties of the foundation, the Alavi Foundation, to Bank Melli.
We have written extensively on Bank Melli here on SFW. It has been, for the past three years in a row, the largest Shariah-Compliant financial institution in the world, according to the UK periodical “The Banker” magazine. It is also under sanctions by the US, the European Union and Australia for its role in funding terrorism and proliferation activities.
This is one reason why claims in Islamic circles that Shariah finance is “ethical” investing are simply complete nonsense.
(Excerpt) Read more at shariahfinancewatch.org ...
Maryland “Freak State” PING!
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