DC: American University now teaching sharia finance course

200px-American_University_Seal

via American University Offers Islamic Finance Course.

Islamic Finance is growing at a rate of 50 percent higher than conventional finance with a $2 trillion industry that is has finance houses across the world capitulating and hankering after a piece of the halal pie. To capitalize on the trend and educate local students, an undergraduate level course on Islamic finance started this week at the American University in Washington D.C. taught by an expert in the field, Professor Ghiyath Nakshbendi.

The course provides students with an overview of the principles of Islamic finance and its evolution over the centuries with emphasis on the last four decades. The different products are presented and discussed with reference to the modern conventional products in the marketplace. Coverage of the current Islamic capital markets and the institutions that are the major players in that market is undertaken. Issues related to insurance, accounting and auditing, and ethical concepts are covered. The course is only open to juniors or seniors.

“Being the first ever course offered in Islamic finance around the DC area (as far as I know), we are trying to get more students registered for the course, so that we could offer it regularly in the coming semesters,” comments Amin Mohseni, Assistant Professor of Economics at the American University. The course currently has 17 students and is held on Wednesdays at 2:35-5:15.

According to Wikipedia:

American University (AU or American) is a private, coeducational, liberal arts curriculum, doctoral,[5] and research-based university in Washington, D.C., United States, affiliated with the United Methodist Church,[5] although the university’s curriculum is secular.

Or not so secular.

Connecticut: Council will pay $2M to mosque group to find new location

Blood money. An update on this story via Council approves $2 million package to halt mosque proposal on Fillow Street – Thehour.com: Norwalk. h/t JMS

UPDATE (9:37 p.m.): Common Council approves unanimously settlement agreement between city and Al Madany Islamic Center of Norwalk.

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NORWALK — Common Council members will consider Tuesday evening a nearly $2 million plan to find Al Madany Islamic Center of Norwalk a location other than Fillow Street to build its proposed mosque and multipurpose hall.

Under the terms of the new settlement agreement, as released by the city’s law department late Tuesday afternoon, the city would purchase Al Madany’s property at 127 Fillow St. for $585,000 — deemed the fair-market value — and pay Al Madany $925,000 in settlement of the center’s claims for damages in the litigation.

Meanwhile, The Connecticut Interlocal Risk Management Agency, the city’s insurance carrier would Al Madany pay $307,500 for out-of-pocket costs incurred by Al Madany, according to Corporation Counsel Mario F. Coppola.

The Common Council is scheduled to consider the agreement at its meeting this evening. The meeting is scheduled to begin at Norwalk Concert Hall at 7:30 p.m.

Per the agreement, the city would “work in good faith with Al Madany for no less than two years” to find an acceptable alternative property.

The city’s director of economic development, Norwalk Redevelopment Agency, director of planning and zoning, corporation counsel and mayor would assist in that effort.

“If and when Al Madany identifies an acceptable alternative property,” the City will reimburse Al Madany up to $215,000 for the reasonable out-of-pocket development costs incurred by Al Madany.

Those costs may include legal, engineering and architectural fees, and costs associated with landscaping services and traffic calming measures, but shall not include any costs of interior design relating to the exercise of Al Madany’s religious faith, according to Coppola.


Negotiating with terrorists. A lose lose proposition. Expect more litigation jihad in the future.

Arab Bank Plc found guilty for knowingly supporting Islamic terror group Hamas

“… and financing millions of dollars in payments for families of suicide bombers

At least three other banks face charges of aiding the Muslim Brotherhood’s Palestinian wing, Hamas. The Brotherhood/Hamas branch in the U.S. is called CAIR. via Arab Bank liable over Hamas attacks: U.S. jury | Reuters.

A U.S. jury on Monday found Arab Bank Plc liable for providing material support to Hamas and said it must compensate victims of two dozen attacks attributed to the Islamic militant group in Israel and the Palestinian territories.

Jurors needed less than two days of deliberations to reach their verdict after a six-week trial in Brooklyn federal court, which lawyers described as the first terrorism financing civil case to reach trial in the United States.

A trial on damages will be held later. Similar lawsuits are pending in New York against Bank of China Ltd, which is accused of providing services to Palestine Islamic Jihad, and Credit Lyonnais SA, which is accused of aiding Hamas. Those banks have denied the respective allegations.

Nearly 300 Americans who were either victims or related to victims of attacks linked to Hamas had sued Arab Bank in 2004.

They accused the Jordanian bank of violating the Anti-Terrorism Act, a law that lets victims of U.S.-designated foreign terrorist organizations such as Hamas seek damages.

“It has been a long haul,” said plaintiff Maida Averbach, 76, who said her son was paralyzed from the neck down in a 2003 suicide bombing and died in 2010 from complications. “Unfortunately my Steve isn’t here.” Averbach spoke to reporters by phone.

Arab Bank said it would appeal. In a statement, the bank said the verdict “comes as no surprise” after a series of what it considered legally incorrect court rulings that kept it from mounting a proper defense, and effectively “put Hamas on trial.”

The bank also said the verdict exposes banks such as itself to “enormous liability” for providing routine banking services.

Shand Stephens, a lawyer for Arab Bank, predicted that the 2nd U.S. Circuit Court of Appeals “is going to reverse this.”

Mark Werbner, a lawyer for some of the plaintiffs, said the verdict sends a message that “when a bank opens its doors to terrorists, they’re going to be held accountable.”

In a separate case, the 2nd Circuit ruled on Monday that Royal Bank of Scotland Group Plc’s National Westminster Bank unit must face claims by terrorism victims over banking services it gave a charity linked to Hamas. Continue reading

Minnesota: Muslim Group Pushes for Taxpayer-funded Sharia-Compliant Food Bank

Islamic beggars can’t be choosers. But they are. Demanding free food that meets sharia standards. via Somali Group Pushes For Non-Pork Food Shelf « CBS Minnesota.

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MINNEAPOLIS (WCCO) — Food shelves can be a life line for people dealing with poverty and hunger.

But many in the Somali-American community say finding a food shelf that caters to their religious dietary restrictions is almost impossible.

“Some food shelves are trying to meet the need, but some of them already got canned beans that have already been mixed with pork — and there is a literacy issue here,” said community activist Fartun Weli.

A group of first-generation Somali Americans says they need help in developing a food shelf that specializes in healthy foods that do not contain pork or pork byproducts.

“It’s about human rights also, basic human rights to get the proper food and also healthy food,” said Imam Hassan Mohamud.

With signs in hand, they marched to the Hennepin County commissioners’ office to ask Peter McLaughlin for help. Most live in his district and feel he can help them help themselves.

McLaughlin and the group disagree over the availability of halal or kosher food at food shelves in Minnesota.

He did say they would need to petition all county commissioners for the money to make this food shelf a reality.

“The place to deal with this is going to be within the budget … our budget for next year,” McLaughlin said.

To get the food shelf up and running will cost $150,000, but McLaughlin says there is no plan on how much would be needed to sustain it.

The group hopes to present a proposal to the county commissioners during its budget meeting on Nov 13.

We suspect that the numbers of Somali’s easily trumps the numbers of Iraqi imports who are unemployed, refuse to integrate into American society and simply live of the tax dollars stolen from working Americans. And we know Somali Muslims are prime candidates for waging jihad.

 In a previous Taxation for Islamization installment, we told you the massive government waste Farm Bill included amendment ensuring halal food for poor Muslims (and kosher for Jews).

 

Michigan: Muslim doctor who prescribed unnecessary chemo, pleads guilty in $91M Medicare fraud

That’s a lot more than the $35M previously reported. via Michigan Patch. h/t Dee

In a surprise move, Oakland County oncologist Dr. Farid Fata has pleaded guilty to charges in a scheme to bilk Medicare out at least $91 million by prescribing unnecessary treatments and in some cases telling patients who weren’t sick that they had cancer

“It is my choice,” Fata said of his decision to plead guilty. “I knew that the infusions … were medically unnecessary.”

The Detroit Free Press, The Detroit News and other area media are reporting that Fata, 49, pleased guilty to health care fraud, money laundering and conspiracy to give and get kickbacks – 16 counts in all.

When Fata is sentenced on Feb. 23, 2015, he could face up to 175 years in prison and a $250,000 fine on the health-care fraud counts, and a $500,000 fine for money laundering. U.S. Attorney Barbara McQuade said she will seek a life sentence for what she called the most egregious case of health-care fraud she’s ever seen.5418c9153f2ad

“We have seen health care fraud before … but this one really is unique in that he exploited patients,” McQuade said.

» Read the criminal complaint against Dr. Farid Fata.

Fata’s plea comes on the first day of a hearing on motions filed in the trial that was to have begun next month. Fata still has to answer six remaining counts of health-care fraud in a trial scheduled for March 16.

Whistleblower Angela Swantek, a Royal Oak chemotherapy nurse who became suspicious of some of the practices in Fata’s clinic in a 2010 interview and reported him to state health officials, told the Free Press she wasn’t surprised that Fata pleaded guilty to the charges.

“I wondered how his team was going to defend him,” she said. “The charts don’t lie.”

Survivors of two of Fata’s patients told The Detroit News they’re disappointed that that the full story won’t be told in court. Liz Lupo, whose mother died of lung cancer in 2007, and Cynthia Burt, whose sister died in 2011, think Fata’s treatments were responsible for their loved ones’ deaths.

“He’s not being charged with enough,” Lupo said. “He pled guilty to a handful of patients when there were thousands. We wanted to hear the details about how he was allowed to (do this).”

But said she’s glad Fata accepted responsibility and hopes he’ll pay for his crimes with life in prison, but she said the plea deal cheats “the patients and family members (who) are not going to get the answers they seek.”

Virginia: Chesterfield Muslim pleads guilty in $19.8M cigarette racket

via Chesterfield man faces prison time for crimes involving $19.8 million worth of cigarettes | WTVR.com. h/t jm

RICHMOND, Va. – A Chesterfield man faces five years in prison and a $250,000 fine for his role in a crime that involved $19.8 million worth of cigarettes. Mohamed Seid Ahmed Mohamed, 56, pleaded guilty Wednesday to conspiracy to commit wire fraud and to traffic in contraband cigarettes, according to the United States Attorney for the Eastern District of Virginia.

Mohamed used his role as owner of City Cigarettes in Richmond to buy 440,000 cartons of cigarettes from wholesale stores between 2011 and 2014 without paying the applicable Virginia Retail Sales and Use Tax.

He did so by claiming the cigarettes would be resold at City Cigarettes, according to his plea agreement.

Instead, Mohamed and his co-conspirators sold most of the cigarettes to people who they knew would take the cigarettes out of state to sell in the black market — tax free.

“Mohamed and his co-conspirators never intended to and, in fact, did not collect or pay, the applicable Virginia Retail Sales and Use Tax for the cigarettes purchased at the wholesaler,” the United States Attorney said. “The activity of the conspiracy resulted in lost sales tax revenue to the Commonwealth of Virginia in the amount of $1,009,046.”

Mohamed, who was charged with the conspiracy on August 25, will be sentenced on December 11.

What did they do with the profit?

Michigan: Muslim cleric popular with ISIS owes govt $250,000

via Mich. cleric popular with Islamic State owes $250K. h/t Atlas Shrugs.

DETROIT — A cleric in Dearborn popular with supporters of the Islamic State owes a quarter-million dollars in restitution and other costs stemming from his fraud convictions, according to newly filed court records.

Ahmad Jebril, 43, who has gained an international following among Islamic State fighters and sympathizers, is on probation after serving 6 1/2 years in prison. After being released in 2012, he has used social media to become what experts say is the most popular religious leader for Islamists from the West fighting for the Islamic State.

Federal authorities in Detroit are trying to collect more than $250,000 in restitution from Jebril and more than $3,600 in special assessments for 42 counts of fraud. So far, Jebril has paid only $2,790, according to a motion filed Aug. 11 by the U.S. Attorney’s office in Detroit. On Aug. 12, U.S. District Judge Gerald Rosen approved the government’s motion, which calls for “actions necessary to enforce the collection of the restitution.”

In the motion, federal prosecutors wrote that a probation officer said she has “financial information about (Jebril) that would be helpful” to set up an “appropriate repayment schedule.” Jebril’s liability for restitution expires 20 years after his release from prison, which means he would have to pay more than $1,000 a month to pay his amount in full, which he is not meeting, said prosecutors.

Jebril and his attorney did not returns calls or an e-mail seeking comment. He was to appear for a deposition in the case on Aug. 13.

The government’s move to collect money from Jebril comes after Rosen placed restrictions on the Dearborn cleric in June because of his probation violations. Jebril was traveling out of state to speak at Islamic centers, but now is not allowed to leave the eastern half of Michigan and must share information about his computer activity to his probation officers if asked. The restrictions came after a Free Press report in May that noted his extensive activities online.

The Centre for the Study of Radicalisation and Political Violence released a report in April that said Jebril was the most popular inspirational figure for Western fighters flocking to the Middle East to join forces of the Islamic State. Jebril’s “popularity is particularly strong among groups like” this, the report said. Among the militants the center surveyed, more than half of those who liked Jebril on his Facebook page and followed him on Twitter were with the Islamic State.

“A number of British (Islamic State) fighters have told us that they watched his (Jebril’s) lecture series … before embarking on jihad,” the report said, which was written by three security experts for a center affiliated with five universities.

Jebril often interacts on Twitter with fighters associated with the Islamic State and other groups, the report said.

Jebril also is popular with Jabhat al-Nusra, another extremist group that operates in Syria. Jebril’s Facebook page was the most popular among the fighters surveyed, according to the report.

Jebril and his father were convicted in 2005 of 42 counts of fraud of almost $400,000 that included mail fraud, bank fraud, failure to pay income tax and money laundering.

The two deliberately defaced rental properties in order to collect insurance money. They also were convicted of trying to bribe a juror in their trial by offering to pay for her wedding if she helped acquit them.

Meanwhile, supporters of Jebril are rallying online to the defense of the Dearborn cleric, saying the government is unfairly cracking down on him.

In recent weeks, followers have tweeted support for Jebril, claiming he is being silenced, but the government has not banned him from speaking out or posting online. Jebril’s popular Twitter (26,000-plus followers) and Facebook (219,000-plus likes) accounts have not posted anything since July 9.

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