ACT Mission Viejo


Understanding Shariah law is integral to understanding the dangers of Shariah-compliant finance. Shariah law is Islamic law dating back to the 9th century and is today the law of the land in Saudi Arabia, Iran, Sudan and the law under which the Taliban operates. Recent polls reveal that only 10-15% of Muslims worldwide want to live under this all-encompassing system of Islamic jurisprudence that covers all aspects of a Muslim’s life including religious, social, political, and military obligations. However, with a current population of 1.5 billion Muslims, this translates to a huge pool of Jihadist recruits and supporters - a base of approximately 150 - 225 million Muslims.

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Shariah law authorities, some of whom are now being paid handsomely by Barclays, Dow Jones, Standard & Poors, HSBC, Citibank, Merrill Lynch, Deutschebank, Goldman Sachs, Morgan Stanley, UBS, Credit Suisse and others have the power to dictate Shariah compliance as deemed by “scholarly consensus” on matters of finance, family, penal law, apostasy, and war. Examples of authoritarian Shariah law include: requirement of women to obtain permission from husbands for daily freedoms; beating of disobedient woman and girls; execution of homosexuals; engagement of polygamy and forced child marriages; the testimony of four male witnesses to prove rape; honor killings of those, principally women, who have dishonored the family; death to apostate Muslims who chose to leave Islam; inferior status of non-Muslims, and capital punishment for those “slander Islam.”

National Security and Financial Risks: Islamists are attempting to impose Shariah Compliant Finance (SCF) on Western institutions to use our own financial strengths against us. The most serious problem with SCF is that it legitimates and institutionalizes Shariah law (i.e., Islamic law), a theo-political- legal doctrine violently opposed to Western values. With $1 -$2 trillion petrodollars annually looking for an investment home, blind exuberance is driving financial institutions to adopt SCF, without even a minimal baseline for legal compliance. This willful blindness, and lack of both transparency and due diligence may cause SCF to be the next sub-prime crisis, but this time with deadly consequences.

Legal Risks: Western financial institutions which adopt SCF may have criminal and civil exposure to claims of aiding and abetting sedition and the material support of terrorism, securities fraud, consumer fraud, racketeering, and antitrust violations, as well as exposure to tort claims for sedition and terrorism, and for the violation of internationally recognized norms of the law of nations.

Terror Financing Mechanism: SCF as monitored by paid Shariah law advisors to U.S. banking institutions must “purify” certain return on investment (ROI) dollars that do not meet Shariah law standards. This money must be donated to Islamic charities - including some that promote Jihad and support suicide bombing. Investment disclosures state that these profits can be as high as 6% of profits of investments.  With $800 billion already in SCF assets, the potential for billions of dollars to be siphoned off for terrorism is real. This would be a serious criminal violation of U.S. law.  

Consider this example: Shariah Mutual Funds promote themselves as “ethical funds.” To be Shariah-compliant, they donate “tainted” revenues to Shariah-compliant “charities.”  A post 9-11 U.S. investor in a Shariah-compliant “ethical investment” is not told that Shariah law also requires imposing Shariah as U.S. law, execution of gays and female apartheid.  Is he a victim of consumer fraud?  Is this same post 9-11 investor unwittingly funding terror? The government has shut down the three largest Shariah-compliant charities in the U.S. - the Holy Land Foundation, Benevolence International Foundation, and the Global Relief Foundation - after proving they funded terrorist organizations. The American taxpayer deserves answers to these questions.  The Center for Security Policy (CSP) is meeting directly with members of Congress, U.S. regulatory agencies and Wall Street financial institutions in order to ensure the enforcement of existing U.S. laws on sedition, disclosure, material support of terrorism, and money-laundering. CSP is committed to revealing the civil liability and criminal exposure of Shariah law and Shariah-compliant finance.

Below is a list of Shariah Finance compliant banks. This too me is at least as scary as Jihadists here in America. If we do not take action to close down these banks and have the government seize their assets then we in the near future will be in a world of hurt. In an effort to combat terrorism my family has decided to pull a large sum of money and close accounts of the newest Shariah compliant bank Wachovia. We will not have our funds in institutions that support Islamic Terrorism.

Alpha Natural Resources
Asset Acceptance Capital Corporation
Aviva Plc
Barclays PLC
BNP Paribas Group
Citibank, N.A.
Credit Agricole, S.A.
Deutsche Bank AG
Dow Jones & Company Inc.
Equity Insurance Group Limited
Goldman Sachs Group
HBOS plc
HSBC Holdings plc
INVESCO Perpetual
Julius Baer Group
Maersk Logistics
Merrill Lynch & Co., Inc.
Morgan Stanley
NYSE Euronext
Silicon Graphics, Inc.
Singapore Power
Central Bank

* Bank Negara Malaysia (The central bank of Malaysia)
Universal Bank
Lists of banks in Malaysia
·                                 CIMB Group (CIMB Bank + CIMB Investment Bank + CIMB Islamic Bank)
Anchor Banks (Major / Commercial banks) (full list)
·                                 Affin Bank Berhad
·                                 Alliance Bank Berhad
·                                 AmBank Berhad
·                                 CIMB Bank Berhad
·                                 EON Bank Berhad
·                                 Hong Leong Bank Berhad
·                                 Malayan Banking Berhad (Maybank <> )
·                                 Public Bank Berhad <> 
·                                 RHB Bank Berhad

Foreign-owned banks (commercial only) (full list)
·                                 ABN AMRO <>  Bank (M) Berhad
·                                 Bangkok Bank <>  (M) Berhad
·                                 Bank of America <>  (M) Berhad
·                                 Bank of China <>  (M) Berhad
·                                 Bank of Tokyo-Mitsubishi UFJ <>  (M) Berhad
·                                 Citibank <> (M) Berhad
·                                 Deutsche Bank <>  (M) Berhad
·                                 HSBC Bank Malaysia <>  Berhad
·                                 Oversea-Chinese Banking Corporation <>  (M) Berhad (OCBC Bank)
·                                 The Standard Chartered <>  Bank (M) Berhad (StanChart)
·                                 The Bank of Nova Scotia <>  (M) Berhad (Scotiabank)
·                                 JPMorgan Chase & Co. <> Bank (M) Berhad
·                                 United Overseas Bank <>  Bank (M) Berhad (UOB Bank)
Offshore Banks & Branches in Labuan (full List)
·                                 ABN AMNRO NV (Labuan Branch)
·                                 Affin Bank Berhad
·                                 Al-Hidayah Investment Bank (Labuan) Ltd (Labuan Branch)
·                                 Aminternational (Labuan) Ltd (Labuan Branch)
·                                 AmMerchant Bank Berhad
·                                 Bank Islam Malaysia Berhad, (Labuan Offshore Branch)
·                                 Bank Muamalat Malaysia Berhad, (Labuan Offshore Branch)
·                                 Bank of America National Association Berhad, (Labuan Branch)
·                                 The Bank of East Asia <>  Ltd (BEA) (Labuan Branch)
·                                 The Bank of Nova Scotia (Labuan Branch)
·                                 The Bank of Tokyo Mitsubishi UFJ Limited (Labuan Branch)
·                                 Barclays Bank <>  PLC (Labuan Branch)
·                                 BNP Paribas <>  (Labuan Branch)
·                                 Calyon (Labuan Branch)
·                                 Capital Investment Bank Limited (Labuan)
·                                 Cathay United Bank (Labuan)
·                                 CIMB Bank (L) Limited
·                                 CIMB (L) Limited (Labuan)
·                                 Citibank Malaysia (L) Limited (Labuan)
·                                 City Credit Investment Bank Limited (Labuan)
·                                 Commercial IBT (Labuan Branch)
·                                 Credit Suisse (Labuan Branch)
·                                 DBS Bank <>  Limited (Labuan Branch)
·                                 Deutsche Bank AG (Labuan Branch)
·                                 Dresdner Bank AG (Labuan Branch)
·                                 ECM Libra Investment Bank Limited (Labuan)
·                                 The Hongkong and Shanghai Banking Corporation Limited

<>  Offshore Banking Unit (Labuan)                           Bank NV (Labuan Branch)
·                                 The International Commercial Bank of China (Labuan Branch)
·                                 J.P. Morgan Malaysia Ltd (Labuan)
·                                 J.P. Morgan Chase Bank National Association (Labuan Branch)
·                                 KBC Bank NV (Labuan Branch)
·                                 Kuwait Finance House Labuan Berhad (Labuan Branch)

·                                 Lloyds TSB <>  Bank PLC (Labuan Branch)
·                                 Mizuho Corporate Bank <>  Ltd (Labuan Branch)
·                                 Macquarie Bank Limited (Labuan Branch)
·                                 Maybank International (L) Ltd (Labuan Branch)
·                                 Morgan Stanley Labuan Investment Bank Limited (Labuan Branch)
·                                 Natexis Banques Populaires (Labuan Branch)
·                                 OSK Investment Bank (Labuan) Limited (Labuan)
·                                 OCBC Limited (Labuan Branch)
·                                 Public Bank (L) Limited (Labuan)
·                                 Rabobank Nederland (Labuan Branch)
·                                 RHB Bank (L) Ltd (Labuan)

·                                 The Royal Bank of Scotland <>  PLC (Labuan Branch)
·                                 RUSD Investment Bank Inc (Labuan)
·                                 Schroders Malaysia (L) Berhad (Labuan)
·                                 Societe Generale (Labuan Branch)
·                                 Sumitomo Mitsui Banking Corporation (Labuan Branch)
·                                 UBS AG (Labuan Branch)
·                                 United Overseas Bank Limited (Labuan Branch)
Investment banks (full list)

·                                 Affin Investment Bank Berhad
·                                 Alliance Investment Bank Berhad
·                                 AmInvestment Bank Berhad
·                                 Asian & Euro-American Merchant Bankers (Malaysia) Berhad (Aseambankers)
·                                 CIMB Investment Bank Berhad
·                                 Ecmlibra investment Bank Berhad
·                                 Hwang-DBS Investment Bank Berhad
·                                 KAF Investment Bank Berhad
·                                 Kenanga Investment Bank Berhad (formally K&N Kenanga Berhad)
·                                 MIDF Investment Bank Berhad
·                                 MIMB Investment Bank Berhad
·                                 OSK Investment Bank Berhad
·                                 Public Investment Bank Berhad
·                                 RHB Investment Bank Berhad
·                                 Southern Investment Bank Berhad
Islamic banks (full list)
·                                 Asian Finance Bank (M) Berhad
·                                 Bank Islam Malaysia Berhad
·                                 Bank Muamalat Malaysia Berhad
·                                 Hong Leong Islamic Banking Berhad
·                                 CIMB Islamic Bank Berhad
·                                 RHB Islamic Bank Berhad
·                                 AmIslamic Bank Berhad
·                                 Affin Islamic Bank Berhad
·                                 Al Rajhi Banking & Investment Corporation (Malaysia) Berhad
·                                 EONCAP Islamic Bank Berhad
·                                 Kuwait Finance House (Malaysia) Berhad
·                                 Maybank Islamic Berhad
Development Financial Institutions (Government-owned banks) (full list)
·                                 Bank Kerjasama Rakyat Malaysia Berhad (Bank Rakyat)
·                                 Bank Simpanan Nasional Berhad
·                                 Bank Pertanian Malaysia Berhad
·                                 Export-Import Bank of Malaysia Berhad (Exim Bank)
·                                 Bank Perusahaan Kecil & Sederhana Berhad ((Small Medium Enterprise) SME Bank Berhad)
·                                 Sabah Development Bank Berhad (SDB)
·                                 Sabah Credit Corporation Berhad
·                                 Lembaga Tabung Haji
·                                 Credit Guarantee Corporation Malaysia Berhad (CGC)
·                                 Malaysian Industrial Development Finance Berhad (MIDF)
·                                 Bank Pembangunan Malaysia Berhad (BPMB) (The development bank of Malaysia)