REMINDER: Caribou Coffee is 87.8% owned by First Islamic Investment Bank

Snopes ^ | Updated 11-17-06

[STARWISE]

Caribou Coffee

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."

*snip*

Last updated: 17 November 2006

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Much more at link.

[STARWISE]

Snopes is EXTREMELY liberal and always soft-peddles terrorism, so the grudging admission they make must''ve have really torqued them.

Not for me ..

[RedCell]

Terrific. Just finished a K-cup of Caribou that came with the sample pack in the Keurig coffee maker we got for Christmas. Oh well. Great coffee maker, by the way.

[LibFreeOrDie]

From Caribou Coffee’s Web site:

http://www.cariboucoffee.com/aboutus/ownership.asp

“Arcapita, whose investors are located primarily in the Middle East , makes its investments in a manner consistent with the body of Islamic principles known as Shari’ah. Consequently, we operate our business in a manner consistent with Shari’ah principles and will continue to do so as long as Arcapita is a significant shareholder.”

“In particular, we must comply with Shari’ah principles regarding money that we borrow from other parties. For example, our lease financing arrangement, under which we have obtained financing to fund our operations and expand our business, is structured in a manner that complies with Shari’ah principles. The structure of this lease financing arrangement is described in the prospectus relating to our initial public offering. Also, a Shari’ah-compliant company is prohibited from dealing in the areas of alcohol, gambling, pornography, pork and pork-related products.”

Other Arcapita investments:

http://www.arcapita.com/corporate/current/current-all.html

[STARWISE]

~~PING!

[STARWISE]

Church’s Chicken, too? Jeeeeze

Thanks for the link.

[raybbr]

None of this coffee for Savage

[SandRat]

That’s OK,... we’re a Folger’s Family.

[RightOnTheLeftCoast]

Another of the islamic fund’s companies is Yakima, the maker of ski racks and such.

Thule for me!

[Regulator]

Wow...thanks for that.

Arcapita is the major backer of Cirrus Design, an aircraft manufacturer that is very prominent now.

It's less than thrilling to find out that an Islamist fund is behind them.

[SShultz460]

flag

[Brad from Tennessee]

Thanks for the heads-up.

[muawiyah]

Not concerned at all. Arabs were the first folks in the world to successfully improve the wild breeds of coffee and make them palatable.

It's THEIR STUFF.

If you are disturbed with Arabian involvement in the coffee industry you should probably turn to tea. I understand that all those folks are Buddhists and Hindus (except in Indonesia where they are Moslems).

BTW, no doubt the thread is really about the disreputable nature of the folks owning and marketing coffee through that company. There are others out there. Easy to switch.

[Allegra]

Thanks for the heads up.

I've never had Caribou coffee (had never even heard of it.)

So now, I just won't.

[Sender]

Curious as to which businesses, doctors, etc are Islamic in your area? Just enter your zip code into Islamic Finder.

[EBH]

Thanks for the link...interesting line-up

Meridian Surgical Partners, LLC is an ambulatory surgery center company developing multiple centers in key US markets.

[Liberty Valance]

http://www.arcapita.com/about/our_team/group/team-mgmt.html

and check out that management team ...

[weegee]

Yep, the Church’s name comes from a family, not “church” and yet it was bought out in recent years and specifically structured in keeping with Islam.

I wonder at what point such businesses become discriminatory when on sites like Ask The Imam, the Imam will tell muslims that the safest way to make sure that meats/foods are halal is to buy them only from muslims.

[kinoxi]

First Islamic Investment Bank

They could just call it 'I want to kill you Bank'. 'I lost a daughter in goat futures, but the esteemed ones help me recoup my losses in explosive material. I'm a customer for death.'

[rdl6989]

I don’t drink coffee, but if I did, I wouldn’t drink muzzie or moonbat Seattle varieties.

[MinorityRepublican]

I prefer drinking Caribou Coffee over Starbucks.