How To Attract Muslim Investors

Street Side Investor ^ | 10/12/2006 | Streetside Editor

[willyd]

Looking to invest in a way that doesn’t conflict with their faith

When Caribou Coffee went public last year, sharp-eyed investors noticed some unusual promises in its prospectus. Caribou, the nation’s second-largest coffeehouse chain, said it would never sell pork or porn. It wouldn’t charge or receive interest, either. By following financial rules that are part of the Islamic code called Shariah, Caribou is among a small but growing list of Western businesses looking to make themselves as attractive as possible to Muslim investors. Some, like Caribou, are motivated by principle, while others see Muslim investors as an attractive new source of money.

Middle Eastern investors flush with oil profits are looking for new places to invest, and American Muslims are looking to invest in a way that doesn’t conflict with their faith. Dow Jones has created an 'Islamic investing index'. A Texas company issued almost $166 million in Shariah-compliant bonds to finance natural gas operations in the Gulf of Mexico. And the German state of Saxony-Anhalt issued a floating-rate 100-million euro note — managed by Citigroup — that followed Shariah rules.

Islamic financial rules come from passages in the Quran that prohibit “riba” — making money from money. Generally, that means not paying or collecting interest, though some scholars say only abusively high interest rates are prohibited. Other prohibitions are more moral than financial, such as a ban on selling pork.

In Western finance, it takes some creativity to avoid earning or paying interest. To borrow money, Shariah-compliant companies often pledge the lender a share of the profits from an asset instead of interest. Investors who need to earn a shorter-term return can contract to buy, say, $100 of copper today, and simultaneously pledge to sell copper in 90 days for, say, $103. Dow Jones now has over 60 Islamic indexes that track Shariah-compliant stocks and bonds. Siddiqui said about 30 firms have licensed the indexes, and about $5.5 billion in investments are managed in line with the indexes.

[willyd]

Does anyone feel like having a Caribou Coffee after this?

[kinoxi]

How To Attract Muslim Investors

Essence of goat, 50% off.

[sinanju]

I thought the most important muslim value was that all products had to be judenrein. Do muslim investors require that the company in question not hire/do business with iraelis?

[sinanju]

Then again, this might amount to very little. Remember "Mecca Cola?" A Lebanese sharpie simply purchased a Coke franchise and relabeled it, claiming a percentage of profits went to poor starving palestinians, etc.

[lormand]

"Essence of goat, 50% off."

...off to another thread...I can't top that!

LOL

[null and void]

OK. How I get. Can someone explain WHY?

[acapesket]

Does this package come with Ginsu knives?
Sorry, that question was so "INTOLERANT"!
Piss be upon (H) it!

[ClearBlueSky]

There are SO many ways to attract Muslim investors!
Public stonings of 'indecent' female customers every Monday and Wednesday!Prizes for good head shots!
Sweet, fresh little boy waiters!
Al Quaida collection box on counter!
And bomb making classes on the weekends.
What more could a Muslim investor want?

[the invisib1e hand]

not interested in islamic finance, thank you. they really are trying to take over the world.

[Redbob]

"Does anyone feel like having a Caribou Coffee after this?"

I have had Caribou coffee before, but I will no more.

Thanks for posting this.

[BW2221]

I stopped going to Caribou about six months ago when I found out. I hate Starbucks because it's so liberal, so I usually end up at Dunkin' Donuts and save money.

[El Gato]

They should have to put the Arabic script for Dhmimm in their window and on each piece of advertising.

Of course someone could do it for them with nice little "bumper stickers" and little peel off labels"

سمادېدنه Dhimmi

[LasVegasMac]

Why invest in a losing effort?

You A-holes are toast, don't ya know?

And that would be all inclusive.

Silence is very, very golden.

[rawcatslyentist]

>"It wouldn’t charge or receive interest, either. By following financial rules that are part of the Islamic code called Shariah,"

So no mark up on anything they sell? That markup is a form of interest. It is interest for holding/handling merchandise.

Effing Rabtards, cant even keep their storybook religions commandments straight.

Slimeism needs to be burnt to a crisp, and forgotten as a barbaric episode of history!

[angelsonmyside]

http://www.snopes.com/business/alliance/caribou.asp

"Claim: An Islamic bank is the majority owner of the Caribou Coffee chain.

Status: True.

Example: [Collected on the Internet, 2002]


As you will see from the links below, Caribou Coffee is owned 87.8% by the First Islamic Investment Bank which, among other things has the following philosophy: "Above all, ensuring that all activities conform to Islamic Shari'ah" The chairman of their Shari'ah supervisory board is:

Dr. Yusuf Abdullah Al-Qaradawi
Chairman, Seerah & Sunnah Center, Qatar University;
Professor, Faculty of Shari'ah, Qatar University.

As you will see from the links below he is also on the supervisory board of "Union for Good," which is a charitable organization to support Palestinians. Nothing wrong with a charity to help Palestinians, but here is a quote from the Union for Good web site:

"The Al-Aqsa Intifada is the latest of a long line of affliction faced by the people of Palestine. Its ancestry dates back to the massacre of innocent men, women and children in villages such as Deir Yaseen and the illegal occupation of Palestine in 1948."

You get the picture. Starbucks here I come!!!

http://www.firstislamic.com/sharia.htm
http://www.firstislamic.com/caribou.html
http://www.interpal.org/web/supervisory.htm
http://www.interpal.org/web/cbackground.htm "

I Think I will stick with Folger's.

[doc1019]

How To Attract Muslim Investors:

Show a little ankle under your burka.

[Jaysun]

Hooray! Let us clap our hands for those pandering to the Jew-killing, American-killing, Christian-killing Muslims. These people should be rounded up and beheaded on tape. Okay, maybe not, but they should be called on for their stupidity. Anything that furthers or accommodates the cult of islam is evil.

[gotribe]

Nope. Will never have Caribou again after reading this. Boycotting Starbucks, too. Which leaves my local coffee shop whose owner puts his money back in the community.

[BW2221]

Is there any rule preventing you from bringing your own ham sandwich and eating it at Caribou with their coffee?

[gotribe]

Makes me sick to think that I funded them. Is there a list of muzlim-owned businesses anywhere?