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Saturday, March 31, 2007

South Sudan Warriors Raiding Northern Uganda, Sell Weapons

Warriors from South Sudan have raided Uganda and are selling off some of their superior weapons to the residents, an area Member of Parliament has revealed. Rev. Simon Lakodo said the Topotho, who have moved from south eastern Sudan escaping from severe drought and a recent clash with Kenya's Turkana are selling RPGs, G2, G3 and hand grenades to residents in the north eastern Uganda.

The cattle raiders arrived last week and are presently camped at Kidepo National Park but are moving south of the country, the legislator told his colleagues on the Defence and Internal Affairs parliamentary committee on Thursday 22.

Read the Rest from Sudan.net

Thursday, March 29, 2007

Jihad Moving to Africa

In a conference on Africa in Washington DC , in February 2007., Moshe Terdman Presented the Following paper:
Factors Facilitating the Rise of
Radical Islamism and Terrorism
in Sub-Saharan Africa

On February 12, 2007, a new article was circulated in the Jihadi forums, which sketched very clearly the new direction of the strategy of al-Qaeda or global Jihad, in Africa . The article in Arabic, titled "Al-Qaeda Organization and the African Continent: Past, Present and Future", provides us with an analysis of Africa 's importance for global Jihad.
This same article was published in June 2006 by a virtual magazine of supporters of global Jihad – Sada al-Jihad (Echo of Jihad) – and was circulated in the Jihadi forums. That article in Arabic, titled "Al-Qaeda is Moving to Africa ", was written by Abu Azzam al-Ansari.

Tuesday, March 27, 2007

Does the Muslim Brotherhood Support Death in Darfur?

The government of Omar Hassan al-Bashir, Head of the Sudan, is allegedly made up primarily of members of the Muslim Brotherhood.

So why does the Brotherhood not intervene? Could it be that they are complicit in it's genocide?

They appear to be not involved in any way that inhibits the death and destruction.
Further, their silence speaks volumes (for you Jihadis, that is an expression that means that we know that by not speaking out on 200,000 deaths, we know that the Brotherhood supports it)

-Shimron

Battle in Democratic Republic of Congo

Up to 600 people have been killed in the Democratic Republic of Congo (DRC) in fighting between the army and a former presidential candidate's forces, European Union ambassadors say.

Fighting erupted on Thursday after troops loyal to Jean-Pierre Bemba refused an order to disarm under a plan to cut his security detail to 12 police officers.

More from Al Jazeera

Sunday, March 25, 2007

Islamic Business Terms & Concepts

Islam forbids monopolies by outlawing the hoarding of wealth (Al-Ihtikar)Eliminates copyright or potency laws that would open the avenue for potential monopolies to develop.

Islam Protects the ownership of businesses and companies by restricting ownership of companies only to those who contribute both capital and effort to the company or business, thus effectively putting the seal on such concepts as "corporate takeover" from ever becoming a reality.

contracts

The Exchange Contract is the most basic of all contracts and the most important building block for a financial and economic system. Most of the financial products, services and instruments are based on this contract.

monetary & fiscal
The role and realm of reign of each will be specified to the set of assumptions that is derived from the Islamic economic system, which include
Zakah, prohibition of interest,
moderation in consumption,
the Islamic inheritance system, Hisbah, Qirad,
Co-existence of private and social ownership of the means of production.
Zakah (Zakat) provides a major means of fiscal policy because it affects
  • the allocation of resources,
  • the level of aggregate demand and the
  • distribution of income as well since the variations in the volume and the timing of collection and disbursement of Zakah creates variations in disposable income and fixed and circulating capital.
  • The economic policy has to do with the role of the government Such a government role is made available through its ownership of the major natural resources and al-Hisbah.

Al Hisbah

  • Price control,
  • Market management mechanisms,
  • Supervision of economic activities
  • trade & business
    During the height of the great Islamic civilization, trade was among the most important activity in wealth creation. Today in a world that is being rapidly globalized, trade has become even more important, facilitated by the advancements in information and communication technology and the greater capacity and speed of transportation. Whereas in the past trade could be carried out through the barter of goods, the Muslim world would still have to trade with the rest of the world as individual countries or as a regional group or as an Islamic Financial Community.

Islamic Banking

Islamic Banks operate under Sharia Law. Among other distictives, They have a fee based system, because charging interest to other Muslims is spoken against in the Quran.

There is even an Islamic Public Accountant certification.

According t0 Wikipedia,

Islamic banking refers to a system of banking or banking activity that is consistent with Islamic law (Shariah) principles and guided by Islamic economics. In particular, Islamic law prohibits:

  • usury, the collection and payment of interest, also commonly called riba in Islamic discourse.
  • Generally, Islamic law also prohibits trading in financial risk (which is seen as a form of gambling).
  • In addition, Islamic law prohibits investing in businesses that are considered unlawful, or haraam (such as businesses that sell alcohol or pork, or businesses that produce media such as gossip columns or pornography, which are contrary to Islamic values).

In the late 20th century, a number of Islamic banks were created, to cater to this particular banking market.
By 2005 there were at least 300 Islamic Banking Institutions. It is a 2 billion $ business, expected to be 4 Billion $ by 2015.

A short list of Islamic Banks

  • Dubai Islamic Bank. (UAE)
  • Al Rajhi Bank ( Saudi Arabia)
  • Finanace House (Kuwait)

here is Zawya's Islamic Bank Index

Friday, March 23, 2007

Certified Islamic Public Accountants for Islamic Mega Banks

Since 1991, when the Islamic banking and finance industry itself decided that the existing international standards were inadequate to cater for its needs, we have come a long way to being recognised as the main standard-setting organisation. We have now issued 56 standards on accounting, auditing, governance, ethical, and Shari'a standards, including a statement on capital adequacy. Over the years, AAOIFI has taken significant steps to encourage the application and enforcement of its standards throughout the world.

From their Website-Certified Islamic Public Accountant documents

-Shimron
AAOIFI is an international autonomous non-profit making corporate body responsible for developing accounting, auditing, governance, ethics and Shari’a standards for the Islamic finance industry. AAOIFI is supported by more than 120 member organizations and contributes significantly to the global Islamic finance industry by establishing and promoting adherence to high-quality professional standards and improving the human capital expertise in the industry. AAOIFI was established in 1990 and has its corporate office in the Kingdom of Bahrain.
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