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Keyword: shariaboard

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  • Investment scam shocks muslims in Chicago (phony "Sharia compliant" firm)

    09/27/2008 12:00:31 PM PDT · by FocusNexus · 17 replies · 1,103+ views
    The Economic Times ^ | Sept. 27, 2008 | News
    Both Indian and Pakistani community of Chicago and its suburbs are in a state of unrest and shock due to an unbelievable investment scam worth millions-of- dollars targeting the community and sudden disappearance of Sunrise Equities's CEO Salman Ibrahim. State regulators are considering criminal charges against a developer named Ibrahim, who fraudulently persuaded hundreds of muslims to invest in real estate deals. Some gave Ibrahim their life savings or mortgaged their homes before he disappeared in August. Investors say they may loose more than USD 50 million. Salman Ibrahim, CEO and President of the Chicago-based Shariah compliant financial services firm,...
  • Where is Salman Ibrahim [+ OBAMA CHICAGO CONNECTION]

    09/18/2008 7:27:24 PM PDT · by Velveeta · 56 replies · 3,915+ views
    Chicago Journal ^ | 9/17/2008 | Lorraine Swanson
    The disappearance of the CEO and president of a Shariah-compliant investment firm has left many in West Ridge's Indo-Pak community wary and in turmoil. Concerned when monthly profit checks from Sunrise Equities stopped arriving in August, no one has seen or heard from the firm's CEO, Salman Ibrahim. Ibrahim has not returned investors' phone calls. Phone calls to the firm's office at 6355 N. Claremont, and its downtown affiliates, Sunrise Development Inc., have also gone unanswered, leaving many of the firm's mostly Muslim investors wondering where Ibrahim and other corporate officers have gone. "[Ibrahim] stopped paying the monthly installments," said...