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.
To see the latest list of Shariah compliant banks,
click here. Here is the original list of Shariah compliant banks:
Alpha Natural Resources Asset 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:
* Bank Negara Malaysia (The central bank of Malaysia)
* 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 and 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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