Monday, February 14, 2011

Shariah Finance Watch Has a List of Shariah Compliant Banks









Shariah Finance Watch Has a List of Shariah Compliant Banks
















Shariah Finance Watch Has a List of Shariah Compliant Banks



Posted: 13 Feb 2011 02:29 PM PST


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

Aviva Plc

AXA

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

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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