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ACCORDING TO Shariah Finance Watch, the following banks are "Shariah Compliant." Is your bank on this list? There are at least two reasons to boycott such banks: First of all, Sharia compliant banks are required to donate two percent of their profits to Muslim "charities," which are often jihad-related groups, because, of course, jihad is an inextricable part of Islamic doctrine. Secondly, the widespread existence of such policies at banks ostensibly legitimizes Sharia law — a backward, misogynistic, intolerant, totalitarian form of law that has no place in the modern world. Here is the list of Shariah compliant banks: Alpha Natural ResourcesAsset Acceptance Capital Corporation All of the following are also Sharia compliant: Central Bank * Bank Negara Malaysia (The central bank of Malaysia) Universal Bank * CIMB Group (CIMB Bank + CIMB Investment Bank + CIMB Islamic Bank) Anchor Banks (Major / Commercial banks) * 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) * 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 * 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) * ING 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 * 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 * 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) * 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) * United States HSBC Amanah HSBC Securities (USA) Inc. 452 Fifth Avenue, Tower 25 New York, NY 10018 Tel: (1 212) 525 8142 Fax: (1 212) 525 8143 Email: julie.rotondini@us.hsbc.com Catharine Furrer-Lech Chair UBS Islamic Finance Committee catharine.furrer-lech@ubs.com Citi Islamic Investment Bank https://www1.citibank.com/ciib/homepage/contacus/form.htm EDS CREDIT SERVICES larry.walker@eds.com AL BARAKA BANCORP baraka@batelco.com.bh AMERICAN ASSETS INC. sharaway@msn.com AMEEN HOUSING CO-OPERATIVE OF CALIFORNIA info@ameenhousing.com HOMES & LOANS REALTY hamid_aghili@eee.org BEAM CAPITAL MANAGEMENT, LLC info@beamcap.com CRESCENT CAPITAL INVESTMENTS, INC. info@crescentcapital.com MATRIX MANAGEMENT GROUP, INC. iica1@home.com SATURNA CAPITAL CORPORATION webmaster@saturna.com WAFRA INVESTMENT ADVISORY GROUP wafra-info@wafra.com WELLINGTON MANAGEMENT info@wellington.com ARAB BANKING CORPORATION (USA) robert.ivosevich@arabbanking.com GUIDANCE FINANCIAL GROUP info@guidancefn.com UNIVERSITY ISLAMIC FINANCIAL info@universityislamicfinancial.com FAILAKA ADVISORS LLC chicago@failaka.com SHARIAH CAPITAL bredman@shariahcap.com ANCHOR FINANCE GROUP LLC info@anchorfinancegroup.com CALYX FINANCIAL information@calyxfinancial.com ISLAMIC FINANCE PROJECT – HARVARD LAW SCHOOL ifp@law.harvard.edu SUNRISE EQUITY info@sunriseequities.com ABANA-ARAB BANKERS ASSOCIATION OF NORTH AMERICA aadeyemo@arabbankers.org |
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