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Russia Turns to Sharia Finance & Banking as Alternative to Minimize Western Sanctions
July 20, 2022
Russia's parliament is currently reviewing draft legislation to create regulatory structures that will allow for the creation of an Islamic finance and banking sector, as Moscow views the high-growth, multi-trillion-dollar global sharia-compliant/compatible industry as a key source of foreign investment from Mideast and South Asian Islamic banking leaders and of domestic market growth for the country's sizable Muslim population.
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Turkey's State Is Colonized by Diverse Islamist Groups
July 20, 2022
NATO-member Turkey's state apparatus, including the key institutional environments of the judiciary, police, health services, and education, has been colonized by a diverse range of Islamist brotherhoods and affiliated extremist nationalist organizations, all in the wake of the 2013 Gezi Park anti-government protests and the 2016 coup attempt that produced the rupture between Turkey's ruling Islamist Justice and Development Party (JDP) and its former Islamist partner.
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Resilience of Islamism Supported by Leadership’s Longterm Time Horizons
July 15, 2022
The defeat of Islamist political parties across the Middle East and North Africa (MENA) region has not meant the elimination of Islamism as a threat, both because extremist actors have proven resilient as alternatives to the political repression and economic marginalization imposed by of huge authoritarian regimes of the MENA and because Islamist leaders work according to a long time horizon that allows for recovery, adaptation, and regeneration.
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Global Standards for Dispute Resolution Constrains Expansion of Islamic Finance
July 13, 2022
The rapid global expansion of sharia-compliant/compatible finance and banking services is generating an intensifying demand for international standards of legal and financial dispute resolution that frequently position Islamic laws against civil jurisprudence.
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Saudi Islamic Theocracy Runs Female Detention Centers for “Social Correction”
July 13, 2022
Saudi Arabia’s Islamic theocratic has touted its relaxation of draconian religious laws regulating all aspects of civil society, but women designated by their either their families or the patriarchal judicial system are subjected to hidden detention centers where corporal punishment and psychological abuse is imposed to accomplish “social correction” that forces conformity to the Islamist laws and cultural practices that keep women in second class status.
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