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

The Caribou Coffee site
http://www.cariboucoffee.com/aboutus/ownership.asp

Excerpt:
"Our majority shareholder since 2000 is an affiliate of Arcapita Bank B.S.C.(c)...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."


56 posted on 01/01/2008 2:00:08 PM PST by familyop
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To: MrsPatriot
Dear MrsPatriot,

If you click on FAQ #2, you get:

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).

The first Caribou Coffee store opened on the corner of France Avenue and 44th Street in Minneapolis, Minnesota, in 1992. Today, Caribou Coffee still calls Minneapolis home, but has grown to more than 430 stores across the central and eastern U.S.

For more information, please see our Investor Relations section.



There is a hyperlink there for Arcapita Bank B.S.C.(c).

If you click it, you’ll get this page:

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

From that page, here is an excerpt:

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.



Hope that helps.


sitetest

57 posted on 01/01/2008 2:01:31 PM PST by sitetest (If Roe is not overturned, no unborn child will ever be protected in law.)
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To: MrsPatriot

I found it on the official Caribou Coffee web site by poking around a little.

How sad! I have always liked Caribou, especially back when it was privately owned. I just got a pound of their coffee for Christmas. Guess I’ll try to avoid them and go to mom and pop coffee shops instead.


68 posted on 01/01/2008 2:46:14 PM PST by Abigail Adams
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