Posted on 09/27/2008 4:59:34 AM PDT by BCW
When a religious leader stood before a hotel roomfull of Muslims four years ago and endorsed investment in a Chicago real-estate developer as complying with Islamic law, businessman Nadeem Sharafi decided to invest.
Little did he know that his efforts to use his money according to Islamic guidelines and avoid earning interest would lead him and his wife to lose more than $115,000, Sharafi said.
The Shariah Board of America's approval of investing in Sunrise Equities led dozens of other Chicago-area Muslims—mostly Indians and some Pakistanis—to invest and lose hundreds of thousands of dollars with the company, which says it developed multiunit residential buildings in Chicago, the investors said.
Investors said they don't know if the company suffered losses because of the declining real estate market or for other reasons. Salman Azam, an attorney hired by several investors, said Sunrise's Chief Executive Officer Salman Ibrahim has not been seen since August. Sunrise's offices off Devon Avenue are closed. At his home, mail spills out of his mailbox.
(Excerpt) Read more at chicagotribune.com ...
I think he's gone with the money - what do you say?
BCW http://babylonscovertwar.com/index.html
see, I always had heard that Muslims, like Mormons, were honest to the core......guess I was wrong....
Is this a “praise Allah” moment?
Better than lose’n their HEADS
How sad. So, what else is on?
Was the crapper the cash went down facing Mecca? Gee I hope not.......
Cry me a river.
Ha Ha.
Shariah Board of America, division of Rahmat-e-alam in Chicago. Non-profits are often set up by “community organizers”...
Anti-"My Muslim Faith" Sarcasm Torpedo ARMED. FIRE!!
See if it got funneled to the Obama campaign...
Cheers!
It’s not called “going south” for nothing.
Sounds like these Muslim con artists from Chicago are in training for being elected to Congress. It’s been done before...
Should have invested in pork bellies..
Maybe these con arists worked for the City of Chicago before, or Crook County (as many of us in Northern Illinois call it). Excellent training for this kind of stuff.
Only for us pork-eating infidels. Try Hillary’s cattle futures.
Investing in something that doesn’t earn interest. Not the greatest business model, but whatever.
Ping.
What do you expect, it took place in Chicago, where corruption is a fine art.
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