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REMINDER: Caribou Coffee is 87.8% owned by First Islamic Investment Bank
Snopes ^ | Updated 11-17-06

Posted on 01/01/2008 12:22:43 PM PST by 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

~~~~~

Much more at link.

(Excerpt) Read more at snopes.com ...


TOPICS: Business/Economy; Foreign Affairs
KEYWORDS: alqaradawi; arcapita; boycott; boycottarcapita; boycottcariboucoffee; caribou; cariboucoffee; churchschicken; coffee; firstislamic; hamas; ihh; islamiclaw; islamicsupremacists; lifeamongthekufir; qaradawi; shariah; shariahlaw; snopes; unionforgood; unionofgood
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Snopes is EXTREMELY liberal and always soft-peddles terrorism, so the grudging admission they make must''ve have really torqued them.

Not for me ..


1 posted on 01/01/2008 12:22:46 PM PST by STARWISE
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To: STARWISE
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.


2 posted on 01/01/2008 12:27:56 PM PST by RedCell (Honor thy Father (9/6/07) - Semper Fi)
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To: STARWISE

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


3 posted on 01/01/2008 12:29:40 PM PST by LibFreeOrDie (L'Chaim!)
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To: 1Peter2:16; 2Jedismom; 2Trievers; 4mycountry; A_perfect_lady; admiralsn; Alberta's Child; ...

~~PING!


4 posted on 01/01/2008 12:30:06 PM PST by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: LibFreeOrDie

Church’s Chicken, too? Jeeeeze

Thanks for the link.


5 posted on 01/01/2008 12:32:21 PM PST by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: dynachrome

None of this coffee for Savage


6 posted on 01/01/2008 12:32:36 PM PST by raybbr (You think it's bad now - wait till the anchor babies start to vote!)
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To: STARWISE

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


7 posted on 01/01/2008 12:32:57 PM PST by SandRat (Duty, Honor, Country. What else needs to be said?)
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To: STARWISE

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

Thule for me!


8 posted on 01/01/2008 12:33:02 PM PST by RightOnTheLeftCoast ([Fred Thompson/Clarence Thomas 2008!])
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To: LibFreeOrDie
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.

9 posted on 01/01/2008 12:33:25 PM PST by Regulator
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To: MplsSteve

flag


10 posted on 01/01/2008 12:33:39 PM PST by SShultz460 (If peace is the answer; it must be a stupid question.)
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To: STARWISE

Thanks for the heads-up.


11 posted on 01/01/2008 12:33:46 PM PST by Brad from Tennessee ("A politician can't give you anything he hasn't first stolen from you.")
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To: STARWISE
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.

12 posted on 01/01/2008 12:34:47 PM PST by muawiyah
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To: STARWISE
Thanks for the heads up.

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

So now, I just won't.

13 posted on 01/01/2008 12:35:02 PM PST by Allegra (That midget hates it when I do that.)
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To: STARWISE
Curious as to which businesses, doctors, etc are Islamic in your area? Just enter your zip code into Islamic Finder.
14 posted on 01/01/2008 12:38:11 PM PST by Sender (You are the weapon. What you hold in your hand is just a tool.)
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To: LibFreeOrDie

Thanks for the link...interesting line-up

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


15 posted on 01/01/2008 12:39:33 PM PST by EBH (Loose lips sink ships.)
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To: LibFreeOrDie

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

and check out that management team ...


16 posted on 01/01/2008 12:42:41 PM PST by Liberty Valance (Keep a simple manner for a happy life :o)
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To: STARWISE

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.


17 posted on 01/01/2008 12:42:54 PM PST by weegee (If Bill Clinton can sit in on Hillary's Cabinet Meetings then GWBush should ask to get to sit in too)
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To: STARWISE
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.'
18 posted on 01/01/2008 12:43:23 PM PST by kinoxi
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To: STARWISE

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


19 posted on 01/01/2008 12:47:09 PM PST by rdl6989 (FRed Thompson '08)
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To: STARWISE

I prefer drinking Caribou Coffee over Starbucks.


20 posted on 01/01/2008 12:50:33 PM PST by MinorityRepublican
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To: STARWISE

What happens if you drink it while eating fried pork rinds?


21 posted on 01/01/2008 12:54:38 PM PST by pabianice
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To: STARWISE; devolve; ntnychik; PhilDragoo; MeekOneGOP; dixiechick2000
Thankfully I never developed a taste for it, lol!


22 posted on 01/01/2008 12:56:38 PM PST by potlatch ("Life may not be the party we hoped for, but while we're here we might as well dance!")
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To: STARWISE

I’ll stick to Folgers.


23 posted on 01/01/2008 12:56:48 PM PST by Racer1
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To: pabianice

Your head explodes


24 posted on 01/01/2008 12:59:12 PM PST by Bastiat_Fan (Please don't call me a PaulTard... Surrender Monkey is so much more pleasing to the ears!)
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To: STARWISE

I’ve known this and mentioned it on several threads for years.

Too bad as the coffee is good, better than Starbucks.


25 posted on 01/01/2008 12:59:57 PM PST by Vinnie (You're Nobody 'Til Somebody Jihads You)
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To: STARWISE

BTTT


26 posted on 01/01/2008 1:03:04 PM PST by E.G.C.
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To: STARWISE
Thanks for the links. They also market a "granola" bar like the Quaker Oats ones. I think the box mentions Islamic banking or Sharia law, because I decided not to buy the bars based on that info.

Many, can I say most??, banks at the international level, such as HSBC, have entire divisions devoted to Islamic banking. (One major issue is that money is not to be lent in order to earn interest. There's a whole procedure involved with the bank buying the property first, then calculating what to have the customer pay for it on non-interest installments.) I can't access the link right now, but Harvard has an Islamic Studies Center, with a huge on-line library of Islamic banking info.

Further, the Nestle's company has a unit responsible for compliance with halal food laws--to be able to market items in Indonesia, the world's largest Islamic nation.

27 posted on 01/01/2008 1:04:18 PM PST by JoyjoyfromNJ (Psalm 121)
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To: 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.”

Oh really? Then I guess they should come up with their own types of antibiotics and foreign aid because that’s OUR STUFF. Do I really need to go into nuclear weapons at this point? Excuse me and millions of other Americans if we take one of the few contributions of that uncivilized piece of the world and make practical use of it. After all, if we didn’t get up and go to work, they would probably die of starvation. Who else will feed them?

28 posted on 01/01/2008 1:06:00 PM PST by Into the Vortex
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To: Sender

Very interesting link .. thank you.

I found TONS in my zip code. I also saw the Pakistani
restaurant listed that’s a few blocks from me.

Every single day around 12:30-1pm when I happen to
go by in a cab, it’s shocking to see the number of
cabs there. There must be about 100 cabs parked along
both sides of the street and filling this restaurant’s
parking lot.

When I’ve asked the cabbie what’s going on there, I was
told they go there for lunch and prayers. My tin foil
paranoia says: what a great place to gather for getting
info and directives.

I’ve thought about calling the FBI, but it’s so obvious
and regular, I’m sure they must know about it.


29 posted on 01/01/2008 1:07:08 PM PST by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: Vinnie

I bypass Starbucks .. it all tastes like burnt coffee to me. No appeal whatsoever.


30 posted on 01/01/2008 1:08:56 PM PST by STARWISE (They (Dims) think of this WOT as Bush's war, not America's war-RichardMiniter, respected OBL author)
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To: STARWISE

I believe this is a fraud. Neither the Caribou Coffee website or the Arcapita website contain these pages. I don’t think that you want to trust this source; it looks like they have linked to bogus website pages.


31 posted on 01/01/2008 1:18:09 PM PST by MrsPatriot (W...Still the President!)
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To: STARWISE

Good coffee, good service and why fret about the ownership.

The Arabs have money and they are going to buy something.

In the meantime, they are majority owners of a business that can function both in Christendom and Islam without breaking anyone’s religious taboos.


32 posted on 01/01/2008 1:22:12 PM PST by shrinkermd
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To: MrsPatriot

I am also skeptical. If the majority holder of Caribou espouses Sharia law, it is in direct conflict with having young women with brightly colored hair and nose rings working at the place.


33 posted on 01/01/2008 1:22:34 PM PST by Mygirlsmom (Realtiy check: Fred is the only VIABLE conservative in this race.)
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To: potlatch

.

Cloven hoofed animals....


34 posted on 01/01/2008 1:25:15 PM PST by devolve (---- - Hey Boone! - My bonus check is late again! -)
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To: muawiyah

“It’s THEIR STUFF.”

Not so. Originally coffee came from India by way of Mocha (presently a little village on the south coast of Yemen) and was then transported by caravan to the Mediterranean. Even today many talk about mocha when they refer to coffee.


35 posted on 01/01/2008 1:25:39 PM PST by 353FMG (Hillary - Al Qaeda's Trophy Woman)
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To: MrsPatriot

Looks true to me.
http://www.cariboucoffee.com/aboutus/faqs.asp#03

“Who owns Caribou Coffee? Is Caribou Coffee publicly traded?
Caribou Coffee Company became public company with an initial public offering on September 29, 2005. Our stock trades on the NASDAQ National market under the symbol CBOU. Our majority shareholder since 2000 is an affiliate of Arcapita Bank B.S.C.(c).”


36 posted on 01/01/2008 1:26:25 PM PST by dynachrome (Immigration without assimilation means the death of this nation~Captainpaintball)
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To: dynachrome

They gotta do something with all that money we send them for oil. Would we be happier if they invested it in China?
Not sure on this......just asking for opinions........??


37 posted on 01/01/2008 1:29:16 PM PST by nascarnation
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To: devolve

They certainly observe it as to pigs!


38 posted on 01/01/2008 1:29:47 PM PST by potlatch ("Life may not be the party we hoped for, but while we're here we might as well dance!")
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To: Into the Vortex
You must be from France.

Whether or not Arabs are lazy, shiftless, nogood, or simply corrupt and stupid, they appear to have stumbled on coffee bushes and decided they could be improved.

You do realize that civilization was first invented in the Middle East along the Tigris and Euphrates rivers. The people who did it are called Sumerians. They also invented writing. Their language may have Dravidian (South Indian) roots but its closest relatives in modern times are the 11 Sa'ami (Laplander) languages.

I suspect coffee was discovered by folks with more than their fair share of Sa'ami genes eh!

39 posted on 01/01/2008 1:30:19 PM PST by muawiyah
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To: dynachrome

Yes, but it does not say anything about Sharia law, etc. I still believe that the snopes link is a hoax.


40 posted on 01/01/2008 1:31:01 PM PST by MrsPatriot (W...Still the President!)
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To: 353FMG

Or, vice versa. I referred to improvement in the cultivar, which they did. The original coffee bean bush may have come from Java for all that matters.


41 posted on 01/01/2008 1:31:30 PM PST by muawiyah
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To: STARWISE
I admit I'm a coffee fanatic. I order all my coffee beans from this company:

http://www.pacificrimcoffeeroasters.com/

It is a small, family run outfit and they roast the beans daily. The quality is excellent and the service is top notch.

42 posted on 01/01/2008 1:36:04 PM PST by Oorang (Tyranny thrives best where government need not fear the wrath of an armed people - Alex Kozinski)
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To: STARWISE

Good to know. Thanks for the reminder.


43 posted on 01/01/2008 1:36:58 PM PST by eleni121 (+ En Touto Nika! By this sign conquer! + Constantine the Great)
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To: STARWISE

Thanks for the post. A local store is selling that brand among others, and I’d have made the purchase when I run out.


44 posted on 01/01/2008 1:41:03 PM PST by theDentist (Qwerty ergo typo : I type, therefore I misspelll.)
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To: muawiyah

From France? Don’t know what gave you that idea. You however, are an enigma. You seem to pop up and defend anyone that is not of Anglo American origin, almost on que. Whether it’s Indian tiger baiters (red dot, not tomahawk) or Arabic coffee bush stumblers, you’re always there. What’s up with that?


45 posted on 01/01/2008 1:41:44 PM PST by Into the Vortex
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To: Into the Vortex
Muawiyah said

“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.”

Excuse me, but coffee was originally discovered in Ethiopia when a herder saw the animals responding to eating the beans of the coffee plant. So it does not belong to the Arabs, since they were not the discovers. I am sure Ethiopians want proper compensation for unpaid utilization of their country's plant genome stock.

Magooey

46 posted on 01/01/2008 1:42:09 PM PST by magooey (stop the bs, fight the war!)
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To: STARWISE
- - - BREAKING - - - THIS JUST IN - - - STANDBY FOR TRANSMISSION - - -

HEADLINE:

US Congress is Owned 37.8% by the First Islamic Investment Bank

47 posted on 01/01/2008 1:43:27 PM PST by Barnacle (Happy New Year!)
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To: 353FMG
BTW, scientists credit Etheopia with being the first place identifiable coffee bushes were grown. They did not roast the beans. The Arabs, later on, began roasting the beans. Cultivation of improved cultivars in South Asia followed.

The Coffea plant is native to subtropical Africa and southern Asia in any case, so the only dispute is about who first used it the way we do ~ in Coca Cola, and that was in Atlanta wasn't it?

48 posted on 01/01/2008 1:44:45 PM PST by muawiyah
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To: magooey
Ethiopians would have slaughtered such animals lest they fall over dead and then be inedible (some societies just won't eat roadkill you know).

This jumping animal story is just a folktale.

49 posted on 01/01/2008 1:46:10 PM PST by muawiyah
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To: STARWISE

Arabs are hip to saving the planet.

My wife once did some business with a company that was making an eco friendly toilet paper out of cotton. ( Don’t ask me to explain how all that saved the planet ). Anyway the company was fully funded by middle eastern investors.


50 posted on 01/01/2008 1:46:12 PM PST by festus (Fred Thompson '08)
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