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U.K. Inaugurates Islamic Bond Offering in the West
July 11, 2014
Islamic bonds (“sukuk”) were issued this week by government of the United Kingdom, making good on Prime Minister David Cameron's widely publicized pledge to make London a global capital of Islamic banking and finance and inaugurating the West's first sharia-compliant sovereign bond offering.
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Social Media Give Platforms to Jihadi Recruiters
July 11, 2014
The striking military advances of the Islamic State of Iraq and al-Sham (“ISIS”) in Syria and Iraq have been supported by measurable successes in the use of social media tools – Facebook, YouTube, and Twitter – as platforms for global recruitment of youth to Islamist extremist ideologies and jihadi violence.
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Saudi Support for Islamist Extremists Causes Blowback
July 11, 2014
Saudi Arabia's Islamic theocracy provided support to the extremist Islamic State of Iraq and Syria (“ISIS”) in an effort to overthrow the Alewite al-Assad regime, but now the Sunni monarchy fears the political blowback from ISIS's criticisms of the monarchy as corrupt and illegitimate.
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OIC and EU Condemn Anti-Muslim Violence in Sri Lanka
July 11, 2014
Officials from both the Organization of Islamic Cooperation (“OIC”) and the European Union (“EU”) have denounced the recent communal violence by Buddhist militants against Muslim-majority towns in Sri Lanka, where Buddhist-Muslim violence has been rare.
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Shifting Islamist Alliances in Mideast Open U.S.-Iran Possibilities
July 11, 2014
The ascent of Sunni jihadi groups supported by U.S. allies such as Saudi Arabia, Qatar and Turkey is creating a shift in Islamist alliance structures that, paradoxically, might lead to a U.S.-Iran channel aimed at recalibrating the Mideast's Sunni-Shiite balance.
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