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Showing posts with label Sheikh Saleh Abdullah Kamel. Show all posts
Showing posts with label Sheikh Saleh Abdullah Kamel. Show all posts
Saturday, August 20, 2011
Saturday, October 11, 2008
Umm Al-Qura Company for Development and Construction - a Abdullah Saleh Kamel Company
Dallah Real Estate & Tourism participates in joint venture partnerships with other entities in the areas of tourism and real estate.
- These include the Umm Al Qura Company for Reconstruction and Development, currently implementing the King Abdul Aziz parallel Road project, Saudi Company for tourist cities, Riyadh for Reconstruction and Development, Saudi Company for Hotels and Tourist Areas, and the Mecca for Hotels Company.
- International investments include the reclamation of Tunis Lake, Tunisia, a tourist complex on the banks of a currently uninhabitable lake.
- Other foreign investments are the project of Samla and Alam Al-Roum in Egypt, a tourist city on the Mediterranean coast, and the Musharaf project in Lebanon, a housing project in the mountainous area overlooking the sea.
The Rest @ Dallah.com the Parent company for Umm Al Qura Company for Reconstruction and Development.
I can find nothing on it specifically, but I wonder if this is a business estblished and overseen by Umm Al-Qura University in Mecca.- Abdullah Saleh Kamel, is the chairman of constituent committee of Umm Al-Qura Company for Development and Construction.
- Kamel is one of the wealthiest men in the world, and signficantly involved in Islamic Charity work.
- He is also financially behind significant Salafi Missionary efforts in many places of the world, noteably in Africa.
- He is very active in Islamic NGOs everywhere
- He is one of the behind the scense driving forces behind the development of Islamic Finance, especially the standardization of Sukuk, Certified Islamic Accountants, among many other things.
- He sits on several Zakat Councils for UAE Banks, ( or has in the past) which decide where Zakat donations get sent.
- He is also the driving force behind the proposal for a Central International Zakat Commitee being set up in Indonesia. This, and the establishemnt of Islamic Banking is one of the tenats of the those who are working to establish the next multinational Islamic super-state or, the next Kaliphate.
- Al Qaeda and the Ikhwan believe that they working toward that goal as well.
Is there an Ikhwan (Islamic Brotherhood) connection ? I can find no direct links. However, His many businesses and NGOs seem to hire many many people with Ikhwan leanings.
-Shimron
Saturday, May 24, 2008
Dallah al Baraka Group Company Description
Dallah al Baraka Group has built its own kingdom within the Kingdom of Saudi Arabia. The holding company, owned by billionaire Sheikh Saleh Abdullah Kamel and his family, is organized in three sectors:
Dallah al Baraka Group has built its own kingdom within the Kingdom of Saudi Arabia. The holding company, owned by billionaire Sheikh Saleh Abdullah Kamel and his family, is organized in three sectors:
- Business: agriculture, communication, education, airport services, and food services industries
- Finance: Pioneer in Islamic Banking
- Media. Arab Radio & Television and Arab Digital Distribution. Its broadcast programs include the US NBA finals, Printing, publishing, Advertising
Thursday, November 22, 2007
al Baraka businesses and NGOS
Zawya Keeps a company profile on al Baraka, the Development Family of Businesses and non Profits. This group has been identified in repeated suits and endigthments as supporters of terrorist activities. In some cases the organizational assets were frozen After THe attacsk on the world trade center and September 11, 2001.
you would expect, Saleh Abdullah Kamel the Chairman of this group, to be in prison or i n disgrace among Muslims everywhere.
The answer is the opposite. He is renowned in the Muslim world. His name is synonymous with the creation of a world wide islamic finance system that oiperates in veritually every country of the world. He is associated with
-Shimron
Ownership Type Private
Company Type Partnership
Financial Services Investment Companies - Islamic
Principal Activities
Commercial and investment banking; insurance and leasing according to Islamic Sharia principles.
Date of Establishment
1982
Key Officers
Saleh Abdullah Kamel Chairman
Hassan Salem Al Ammari Chief Executive Officer
More Officers
Contact Details
Address:P.O. Box 6854Jeddah 21452
Country:Saudi Arabia
Tel:+966 2-669-4100
Fax:+966 2-669-4264
Latest Headline
'Terrorist financing': New targets, new tactics - Gulf States Newsletter
More News
var lastTable = "offTblBdy1";
var sortTable1 = 3;
var sortTable759 = 2;
var sortTable778 = 2;
var sortTable853 = 2;
Major Shareholders
Saleh Abdullah Kamel
Private
Saudi Arabia
100.00%
Organization Structure and Related Entities
Parent Company/Organization
Dallah Albaraka Group assets were frozen in 2002
you would expect, Saleh Abdullah Kamel the Chairman of this group, to be in prison or i n disgrace among Muslims everywhere.
The answer is the opposite. He is renowned in the Muslim world. His name is synonymous with the creation of a world wide islamic finance system that oiperates in veritually every country of the world. He is associated with
- Sharia Compliant Sukuk or Bonds
- A new World Wide Centralized Zakat (religious alms due upon money earned by money sitting ina an account) Collection and review Center in Malasia
- He is the Father and director of a hughe family of non-profit organizations which continue to radicalize Islamic youth in Africa.
-Shimron
Ownership Type Private
Company Type Partnership
Financial Services Investment Companies - Islamic
Principal Activities
Commercial and investment banking; insurance and leasing according to Islamic Sharia principles.
Date of Establishment
1982
Key Officers
Saleh Abdullah Kamel Chairman
Hassan Salem Al Ammari Chief Executive Officer
More Officers
Contact Details
Address:P.O. Box 6854Jeddah 21452
Country:Saudi Arabia
Tel:+966 2-669-4100
Fax:+966 2-669-4264
Latest Headline
'Terrorist financing': New targets, new tactics - Gulf States Newsletter
More News
var lastTable = "offTblBdy1";
var sortTable1 = 3;
var sortTable759 = 2;
var sortTable778 = 2;
var sortTable853 = 2;
Major Shareholders
Saleh Abdullah Kamel
Private
Saudi Arabia
100.00%
Organization Structure and Related Entities
Parent Company/Organization
Dallah Albaraka Group assets were frozen in 2002
Saudi Arabia
100.00%
Subsidiaries/Associates/Affiliates
- al Baraka Bancorp
- Dallah Al Baraka UK
- Arabian Steel Pipes Manufacturing Company
Jordan
41.00% - Jordan International Trading Centre
Jordan
20.05% - Al Baraka Bank Bangladesh
Bangladesh - Al Shamal Islamic Bank
Sudan - Al Tawfeek Company for Investment Funds
Saudi Arabia - Al Tawfeek Investment Bank
Pakistan - Arab Albanian Bank
Albania - Arab Leasing and International Finance Company [ALIF]
Saudi Arabia - Banque Al Wava Mauritanienne Islamique
Mauritania - Dallah Al Baraka (Malaysia) Holding Sdn Bhd
Malaysia - El Gharb Islamic Bank
Sudan - Faisal Islamic Bank of Sudan
Sudan - Islamic Bank Bangladesh
Bangladesh - Islamic Bank of Yemen for Finance and Investment
Yemen - Islamic Insurance and Reinsurance Company [IIRCO]
Bahrain - Lariba Bank Kazakh
Kazakhstan - Sudanese Islamic Bank
Sudan - Tadamon Islamic Bank of Sudan
Sudan
Investments
- Universal Chemical Industries
Jordan
14.30% - Amlak International for Real Estate Development and Finance Company
Saudi Arabia
10.00% - NIMA Development and Investment Bank
Sudan
10.00% - National Cable and Wire Manufacturing
Jordan
7.56%
Thursday, October 11, 2007
What is Islamic Finance?
This is an excerpt from a great Washington Times article posted on October 8th by Rachel Ehrenfeld & Alyssa A. Lappen.
They write a great summary of why we should be concerned about Islamic Finance, which is spreading across the world. They explore the relationships between the Islamic Development Bank ( IDB ), Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the Islamic Financial Services Board (IFSB), Saleh Kamel, the Islamic Chamber of Commerce and Industry (ICCI), Saudi Dallah Al-Baraka Group, and the International Commission for Zakat
-Shimron
What is “Islamic” finance? Islamic, or Shariah-based finance, is the 1920s invention of Muslim Brotherhood founder Hassan al-Banna. He ordered the Muslim Brothers to create an independent Islamic financial system to supercede the Western economy, facilitating the spread of Islam worldwide. He set the theories and practices and his contemporaries and successors developed Shariah-based terminology for “Islamic economics,” finance and banking.
Attempts by Muslim Brotherhood members in the early 1930s to establish Islamic banking in India failed. Egyptian President Gamal Abdel-Nasser shut down the second attempt in 1964, after only one year, later arresting and expelling the Muslim Brothers for attempts to kill him.
Saudi Arabia welcomed them and adopted their ideas.In 1969, soon after a mentally deranged Australian Christian fundamentalist, Michael Dennis Rohan, tried to set fire to the Al Aqsa Mosque in Jerusalem, the Saudis convened the Conference for the Islamic Organizations (OIC) to unify the “struggle for Islam,” and have been its major sponsor ever since.
The 56 OIC members include Iran, Sudan and Syria.Based in Jeddah, “pending the liberation of Jerusalem,” the OIC mandates and coordinates actions to “support the Palestinian people, assist them in recovering their rights and liberating their occupied territories.” The OIC’s first international undertaking was the 1975 establishment of the Islamic Development Bank “in accordance with the principles of the Shariah,” marking the beginning of the fast-growing, petrodollar-based Islamic financing market.
From 1975 to 2005, the bank approved more than $46 billion in funding to Muslim countries. Since 2000, it has transferred hundreds of millions of dollars raised especially to support the Palestinian intifada and suicide bombers’ families ˜ and has channeled United Nations funds to Hamas.
Yet the bank received U.N. observer status in 2007.Overseeing Shariah finance are the 1991-Bahrain-registered and -based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which laid the groundwork for the global Islamic financial network and the “de facto Islamic Central Bank”˜ the Islamic Financial Services Board (IFSB), established in 2002 in Kuala Lumpur “to absorb the 11 September shock and reinforce the stability of Islamic finance.” Chairing the meeting, then-Malaysian Prime Minister Mohamed Mahathir stated: “A universal Islamic banking system is a jihad worth pursuing to abolish this slavery [to the West].”
According to Saleh Kamel, president of the Saudi Dallah Al-Baraka Group and the Islamic Chamber of Commerce and Industry (ICCI), more than 400 Islamic financial institutions currently operate in 75 countries. They now hold more than $800 billion in assets ˜ growing at a rate of 15 percent annually.
All investments with Islamic financial institutions are subject to the minimum zakat (Islamic charitable wealth tax). On April 30, the OIC, the organization that initiated global Muslim riots after the Danish cartoon publications, established the clerical International Commission for Zakat, replacing more than 20,000 organizations that previously collected the money. Islamic clerics’ “expert committee” in Malaysia now supervises and distributes those funds.
The new committee will shortly distribute to Muslim charities roughly $2 billion collected during Ramadan.But not all charities are equal. In 1999, Muslim Brotherhood spiritual leader Yousef al-Qaradawi decreed: “Declaring holy war [and] fighting for such purposes is the way of Allah for which zakat must be spent.”
If past zakat distribution is any indication, all Muslim jihadist-terror organizations (including Palestinian Hamas, the al-Aqsa Martyrs’ Brigades, and the many al Qaeda offspring) will benefit.
Shortly after September 11, Osama bin Laden called upon Muslims “to concentrate on hitting the U.S. economy through all possible means. Look for the key pillars of the U.S. economy. Strike the key pillars of the enemy again and again and they will fall as one.”
The Rest @ The Washington Times
Rachel Ehrenfeld is director of the American Center of Democracy and a board member at the Committee for the Present Danger. Alyssa A. Lappen is a senior fellow at the American Center of Democracy.
They write a great summary of why we should be concerned about Islamic Finance, which is spreading across the world. They explore the relationships between the Islamic Development Bank ( IDB ), Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), the Islamic Financial Services Board (IFSB), Saleh Kamel, the Islamic Chamber of Commerce and Industry (ICCI), Saudi Dallah Al-Baraka Group, and the International Commission for Zakat
-Shimron
What is “Islamic” finance? Islamic, or Shariah-based finance, is the 1920s invention of Muslim Brotherhood founder Hassan al-Banna. He ordered the Muslim Brothers to create an independent Islamic financial system to supercede the Western economy, facilitating the spread of Islam worldwide. He set the theories and practices and his contemporaries and successors developed Shariah-based terminology for “Islamic economics,” finance and banking.
Attempts by Muslim Brotherhood members in the early 1930s to establish Islamic banking in India failed. Egyptian President Gamal Abdel-Nasser shut down the second attempt in 1964, after only one year, later arresting and expelling the Muslim Brothers for attempts to kill him.
Saudi Arabia welcomed them and adopted their ideas.In 1969, soon after a mentally deranged Australian Christian fundamentalist, Michael Dennis Rohan, tried to set fire to the Al Aqsa Mosque in Jerusalem, the Saudis convened the Conference for the Islamic Organizations (OIC) to unify the “struggle for Islam,” and have been its major sponsor ever since.
The 56 OIC members include Iran, Sudan and Syria.Based in Jeddah, “pending the liberation of Jerusalem,” the OIC mandates and coordinates actions to “support the Palestinian people, assist them in recovering their rights and liberating their occupied territories.” The OIC’s first international undertaking was the 1975 establishment of the Islamic Development Bank “in accordance with the principles of the Shariah,” marking the beginning of the fast-growing, petrodollar-based Islamic financing market.
From 1975 to 2005, the bank approved more than $46 billion in funding to Muslim countries. Since 2000, it has transferred hundreds of millions of dollars raised especially to support the Palestinian intifada and suicide bombers’ families ˜ and has channeled United Nations funds to Hamas.
Yet the bank received U.N. observer status in 2007.Overseeing Shariah finance are the 1991-Bahrain-registered and -based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which laid the groundwork for the global Islamic financial network and the “de facto Islamic Central Bank”˜ the Islamic Financial Services Board (IFSB), established in 2002 in Kuala Lumpur “to absorb the 11 September shock and reinforce the stability of Islamic finance.” Chairing the meeting, then-Malaysian Prime Minister Mohamed Mahathir stated: “A universal Islamic banking system is a jihad worth pursuing to abolish this slavery [to the West].”
According to Saleh Kamel, president of the Saudi Dallah Al-Baraka Group and the Islamic Chamber of Commerce and Industry (ICCI), more than 400 Islamic financial institutions currently operate in 75 countries. They now hold more than $800 billion in assets ˜ growing at a rate of 15 percent annually.
All investments with Islamic financial institutions are subject to the minimum zakat (Islamic charitable wealth tax). On April 30, the OIC, the organization that initiated global Muslim riots after the Danish cartoon publications, established the clerical International Commission for Zakat, replacing more than 20,000 organizations that previously collected the money. Islamic clerics’ “expert committee” in Malaysia now supervises and distributes those funds.
The new committee will shortly distribute to Muslim charities roughly $2 billion collected during Ramadan.But not all charities are equal. In 1999, Muslim Brotherhood spiritual leader Yousef al-Qaradawi decreed: “Declaring holy war [and] fighting for such purposes is the way of Allah for which zakat must be spent.”
If past zakat distribution is any indication, all Muslim jihadist-terror organizations (including Palestinian Hamas, the al-Aqsa Martyrs’ Brigades, and the many al Qaeda offspring) will benefit.
Shortly after September 11, Osama bin Laden called upon Muslims “to concentrate on hitting the U.S. economy through all possible means. Look for the key pillars of the U.S. economy. Strike the key pillars of the enemy again and again and they will fall as one.”
The Rest @ The Washington Times
Rachel Ehrenfeld is director of the American Center of Democracy and a board member at the Committee for the Present Danger. Alyssa A. Lappen is a senior fellow at the American Center of Democracy.
Thursday, September 06, 2007
Al Baraka Spreads Financial Services
Al Baraka, which has been investing signficantly in Africa, is apparently also investing in India and China. See Below...
-Shimron
Bahrain's Al Baraka Banking Group, the world's fourth-largest Islamic financial services provider, will spend as much as $300 million to woo customers in India and China who want to invest their money according to Muslim tenets. Sheikh Saleh Abdullah Kamel is the founder
The $300 million will be spent in four years building the business in Asia and used for acquisitions or to provide "capital for our subsidiaries there,'' Adnan Ahmed Yousif, AlBaraka's chief executive officer, said in an interview last week. The venture in India will be the first by an Islamic bank from the Middle East in the South Asian nation, adding to the Bahraini lender's presence in 12 countries, he said.
The Rest @ Business Day Africa
-Shimron
Bahrain's Al Baraka Banking Group, the world's fourth-largest Islamic financial services provider, will spend as much as $300 million to woo customers in India and China who want to invest their money according to Muslim tenets. Sheikh Saleh Abdullah Kamel is the founder
The $300 million will be spent in four years building the business in Asia and used for acquisitions or to provide "capital for our subsidiaries there,'' Adnan Ahmed Yousif, AlBaraka's chief executive officer, said in an interview last week. The venture in India will be the first by an Islamic bank from the Middle East in the South Asian nation, adding to the Bahraini lender's presence in 12 countries, he said.
The Rest @ Business Day Africa
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