Islamic Finance 101
Sharia Infiltration

Missing Libyan Jetliners Raise Fears of Suicide Airliner Attacks on 9/11

At behest of Hamas-linked CAIR, DoJ sues Minnesota town for rejecting mosque

Saudi king: Islamic State will reach ‘Europe in a month and America in another month’

We’re training the Taliban to kill us — and take back Afghanistan (08-22-14)

ISIS Threatens America: ‘We Will Raise The Flag Of Allah In The White House’ (08-19-14)

New Jersey Muslim “Innocently” Flying ISIS Flag “Liked” Conspirator in WTC Bombing (08-19-14)

Anti-Israeli Rioters Attack British Police and Ransack Supermarket (08-19-14)

OUR Troops told to refrain from eating, drinking in front of Muslims (08-08-14)

5 Ways Muslims Have Contributed to ‘Building the Very Fabric of Our Nation’ (08-05-14)

Hamas linked to CAIR National Banquet! (08-07-14)

Rahim Sabadia: Portrait of a Disgraced Defense Contractor (New 6/9/14)

Minnesota: Another Somali gym attack, followed by violent home invasion (New 04/19/14)

Obama Invites 80,000 Muslim Immigrants Into the United States – Promises 100,000/Per Year for Next 5 Years (New 04/19/14)

CAIR Calls on GOP Women's Group to Stop Promoting Anti-Muslim Speakers(New 04/19/14)

Virginia: Muslim Brotherhood Supporters Host Fundraiser for #Dem Congressman (New 04/19/14)

Obama Appoints Hamas Adviser Robert Malley to Senior Director on National Security Council (New02/27/14)

Muslim Brotherhood in the Oval Office (NEW) 02-17-14

California: Muslim professor requires Berkeley students tweet weekly on Islamophobia (NEW) 02-17-14

White House Petitioned to Have Muslim Holidays Recognized in School Year
(NEW) 01/23/14

Hollywood's Muslim Lies (NEW) 01/23/14

Islamists In America: Skilled at Hiding Common Roots (NEW) 01/22/14

Muslim anti-Semitism is only decades old, Obama claims (NEW) 01/22/14

OIC blames free speech for "Islamophobia" in the West (NEW) 01/22/14

Libyan assembly votes to follow Islamic law (NEW) 12/05/13

NYC: Incoming Mayor Appoints Pro-Censorship, CAIR-linked Imam to Transition Team

Dearborn, Michigan:
First US City to Fully Implement Sharia Law ~ (NEW) 11/03/12

Sharia Divorce Courts for Muslim Women, Dearborn, Michigan ~ (NEW) 11/03/12

Jewish Boycott ... Brilliant! ~ (NEW) 11/03/12

Airport Security & Double Standards ~ (NEW) 11/29/12

Airport Security & Double Standards
(NEW) 10/22/13

Terrorist_Camps_in _the_US

Al Qaeda Training and Killing Manual (#1,) (#2) (#3,) (#4) Al Qaeda Training Manual The Complete Version.

FBI Tracking 100 Suspected Extremists In Military (NEW) 09/08/12

Andrew McCarthy and "Patriotic" Muslims ~ (New 08/22/12)

Hillary tied to new Muslim Brotherhood ~ (New 07/31/12)

Iranian Assets in United States Activated ~ (New 07/31/12)

Letter to State Department IG ~ (New 07/31/12)
Letter to Homeland Security IG
Letter to Department of Defense IG
Letter to Department of Justice IG
Letter to Office of Director of National Intelligence
Letter to Congressman Ellison (D-MN)

GOP Leaders Turn on Michelle Bachmann ~ (New 07/31/12)

'Muslim Day' at California capitol promotes civic engagement ~ (New 07/31/12)

Muslims Invade Sacramento Capitol ~ (New 07/31/12)

Rupert Murdoch, FOX News Parent Co Increase Ties w/ Extremist Saudi Prince, Seeking Arab Street Viewers~ (New 03/27/12)

The Creator of “Fireman Sam” detained at Gatwick airport.~ (New 03/20/12)

Verizon Warned to Disconnect PLO in Washington ~ (New 03/20/12)

The Black Hole of History (New)11/08/11

M B Hamas Linked CAIR at Occupy Wall Street (New)11/02/11

Major U.S. hotel quakes in fear, cancels event on sizzling topic (New)11/02/11

European Children forced to bow to Islam, European children being forced to bow down to Islam…literally (New)11/02/11

Christian symbols make Muslim students uncomfortable : Introduction to article below (New)11/02/11

Catholic University Accused of Discriminating Against Muslims (New)11/02/11


Muslim Politics

ISIS beheading children and women (after stripping naked) -parallels Hindu Story

Video Purports to Show Beheading of U.S. Journalist Steven Sotloff

Video shows ISIS beheading U.S. journalist James Foley (08/22/2014)

Here’s How Palestinian Children Celebrated Hamas’ Summer of Rocket Attacks on Israel

Syria Iraq - The Islamic State militant group (08/22/2014)

5-year-old Christian boy cut in half by ISIS (08/19/2014)

Nigeria: Muslims kill nearly 1,000 in predominantly Christian town of Gwoza (08/19/2014)

Islamic Terror Attacks on Christians (Since 9/11) (08/19/2014)

Hamas Proudly Admits Intimidating Press in Gaza (08/18/2014)

Islam's Latest Contributions to Peace (08/18/2014)

Islamic Terror Attacks on Christians (Since 9/11) (08/18/2014)

Hamas killed 160 “Palestinian” children to build jihad terror tunnels! (08/07/2014)

PMW Bulletins Fatah: Abbas presents fighting Israel as religious "war for Allah" (08/06/2014)

Teenage Jihadists, Car Burnings and Muslim-Only Cemeteries (New02/27/14)

Irish Muslim convert beheads and dismembers his mother in honor killing
(NEW) 02-17-14

Executed For ‘Waging War on Allah (NEW) 02-17-14

Hunt for 'Black Widow' suicide bomber on the loose in Sochi:
Wife of dead militant feared to be targeting Winter Olympics - along with THREE other female terrorists ~(Muslim Politics) (NEW) 01/22/14

Iranians: Geneva is 'Treaty of Hudaybiyyah' (NEW) 01/22/14

Muslims to carry out jihad attacks when they return home from Syria (NEW) 01/22/14

France: Muslims Burn Over 1,000 Cars on New Year's Eve (NEW) 01/22/14

Afghanistan considers reintroduction of public stoning for adulterers


By Captain John Maniscalco, American Airlines Pilot

Muslim Campus Hate Groups (New 02/05/12)

Al Qaeda Training and Killing Manual (#1,) (#2) (#3,) (#4) Al Qaeda Training Manual The Complete Version.  Manual (#1,) (#2) (#3,) (#4) came from the DOJ and was "redacted"!  (New 01/18/12)

Iraq's Descent into Ethnic Mayhem (New 01/12/12)

Culturally Driven Violence Against Women (New 01/12/12)

Obama Terrorism Advisor’s Book Confuses and Distorts (New 01/12/12)

How Muslim Countries Vote at the UN (New 01/08/12)

35 Terror Training Camps Now Operating Inside U.S. (New 01/08/12)

Faith Muslim Woman Accused of Mailing Fake WMD (New 12/30/11)

Egypt Islamists take two thirds of 2nd-round vote (New 12/30/11)

More Muslim Infiltration of US Army (New 12/30/11)

Chained and in tears: Children found in basement as police raid Islamic school thought to be a 'Taliban training center' YouTube (New 12/30/11)

Palestinian Teen Magazine Exalting Hitler SWC Calls on UNESCO to End Funding to Palestinian Teen Magazine Exalting Hitler (New 12/30/11)

State Dept Pays Off 56 Nation (New 12/15/11)

US Spent $200M on Egypt Election
(New 12/14/11)

Muslims Cabbies Block Traffic in NYC (New 12/14/11)

How the US Nat’l Security Apparatus is Imposing Islamic Law of Slander on Americans (New 12/14/11)

Criticism of Islam Could Soon be a Crime in America (New 12/14/11)

Tennessee Governor Bill Haslam To Sign SB1028/HB1353 Felony To Aid Muslim Brotherhood With
(New 12/08/11)

Pro-Islam Bias in School History Textbooks (New 12/08/11)

Fort Hood Massacre Workplace Violence (YouTube) (New 12/08/11)

The Dhimmi is Forbidden to Read the Koran By Presidential Doctrine (NEW) 12/08/11

Look the American Flag is gone, by Tau Seti.  Great article
! (NEW) 11/28/11

The Dhimmi is Forbidden to Read the Koran (NEW) 11/22/11

Muslim Homeland Security Advisor Accused of Leaking Documents to Prove‘Islamophobia,’ Damage Rick Perry, with Utubes (NEW) 11/22/11

Government Muslim Homeland Security Advisor Accused of Leaking Documents to Prove ‘Islamophobia,’ Damage Rick Perry (NEW) 11/18/11

Military Culture Cards; Culture Cards: Afghanistan & Islamic Culture (NEW) 11/08/11

Pressure on FBI to lie about Islam: Vietnam Veterans for Academic Reform (NEW) 11/01/11

100 Battle Ready American Troops(?) (NEW) 10/17/11

Who is Huma Abedin? What are her Connections?
by Walid Shoebat
NEW 8/23/11

State Department now criminalizing “defamation of religion" NEW 8/18/11

Saudi controlled FOX moves against Gubernatorial candidates who question Obama’s Eligibility NEW 8/15/11

War will come in September

Netanyahu Speech 5/24/11

Abe Miller Commentary

Israel Terrorist List

National Day of Prayer

Israeli Conflict

A Fatal Blind Spot for Sheer Evil

Political Science The Middle East Problem (08-22-14)

Israel VS Palestine Video Cartoon (08-22-14)

The History of the Middle East Conflict in 11 Minutes (08-22-14)

Stories From The Battlefield: Hamas Tunnels Used To Target Israel’s Kindergartens (08-22-14)

Stories From The Battlefield: Hamas Tunnels Used To Target Israel’s Kindergartens (08-05-14)

Artillery data reveals Hamas lies and media cover-up about Israel (08-08-14)

Hamas to Buy N. Korean Weapons as Kerry Pledges $47 Million in Gaza Aid (08-08-14)

An Ethical Basis for War Against Political Islam, part 1 (07-11-14)

Nobel Prize 4 Muslim VS 129 Jewish Contributions to the World (New 6/9/14)

Greater Men have Tried (New02/27/14)

President Obama's brother declares his intent to destroy Israel (NEW) 02-17-14

PEACE FOR OUR TIME!” (New 11/25/13)

Abject Surrender by the United States (New 11/25/13)

Just One Bomb ~(New 03/20/12)

Demand the Destruction of Iran’s Nuclear Infrastructure

Gingrich's Fresh Hope (New 12/15/11)

Melanie Phillips on Palestinian (New 12/14/11)

Arabs Offer Israel Peace: The Peace of the Grave! (NEW) 10/6/11

Prime Minister Benjamin Netanyahu Addresses the UN General Assembly (NEW) 9/24/11

Israeli-Arab Crisis Approaching (NEW) 9/01/11

Islamic Spring ~ NEW 8/23/11

Open Letter to My Fellow Jews ~NEW 7/14/11

Iran’s Boycott of the Jews ~ NEW 7/14/11

Peel Commisson Report Palestine

The Origin of the State of Israel

Deir Yassin 1948

Gaza Refugees

Khartoum Resolution 1967

UN Resolution 242

New Gaza Flotilla

Islam In Our Schools

Education or Indoctrination? The Treatment of Islam in 6th through 12th Grade American Textbooks © 2012. ACT! has finally released their textbook Islam whitewash report after four years of research! Attached is the Executive Summary. It is 229 pages and will shock you how far Muslims have infiltrated into our American school system (New 03/20/2012)

US Textbooks: Muslims Discovered America (New 02/07/2012)

Muslim Hate Groups University Campus (New 02/05/2012)

Coptic Christian Student Murdered By Classmates for Wearing a Cross (NEW) 11/08/11

European Children forced to bow to Islam , European children being forced to bow down to Islam…literally

World History Medieval to Early Modern Times: Supplemental Instructional Material Applicable to Grade 7 History & Social Science Text

Islam in America’s Classrooms History or Propaganda? A Special Report

Teaching about religion full report; In National and State Social Studies Standards

Fogel Family Massacre
Photos of the murder of the Fogel family in the town of Itamar, north of Jerusalem, on March 11, 2011 by Palestinian Muslim terrorists.
Fogel family photoys.
Fogel family photoys. Fogel family photoys.
Father and 3 month old baby murdered
Father and 3 month old baby murdered. Father and 3 month old baby murdered
The 4 year old murdered Fogel child.
Room of the 4 year old murdered Fogel child. Room of the 4 year old murdered Fogel child.
The11 year old murdered Fogel child.
The11 year old murdered Fogel child. The11 year old murdered Fogel child.
The Fogel family Levaya - Funeral Ceremony
The Fogel family Levaya - Funeral Ceremony. The Fogel family Levaya - Funeral Ceremony.

French Muslims Praying
  1. French Muslims praying in the streets during call to prayer.

France Muslims praying in the streets during call to prayer.
Islam Will Dominate !

Islam will dominate the world

Islam will dominate the world Islam will dominate the world
Muslim Countries 2000

Muslim Countries of Africa/Asia/Middle East/South East Asia:
Circa 2000

In 2000 there are nearly 65 states or countries with significant or majority populations who are Muslim. They include some of the largest nations in the world in terms of population, such as Indonesia, Nigeria, and Pakistan. Others are small countries like Qatar and Djibouti.

Muslim Countries of Africa, Asia, Middle East, South East Asia. Muslim Countries of Africa, Asia, Middle East, South East Asia.
Muslim Countries 2009

Muslim Countries of Africa/Asia/Middle East/South East Asia:
Circa 2009

The Muslim population of the world map by percentage of each country, according to the Pew Forum report on world Muslim populations, date 17 October 2009.

The Muslim population Pew Forum 2009 The Muslim population Pew Forum 2009
The Kaaba

One of the Five Pillars of Islam requires every Muslim to perform the Haji pilgrimage at least once in his or her lifetime if they are able to do so. Multiple parts of the Hajj require pilgrims to walk seven times around the Kaaba in a anticlockwise direction (as viewed from above). This circumambulation, Tawaf, the, is also performed by pilgrims during the Umrah (lesser pilgrimage). However, the most dramatic times are during the Hajj, when about 6 million (officially) pilgrims simultaneously gather to circle the building on the same day.

The Kaaba one of the Five Pillars of Islam requires every Muslim to perform the Haji pilgrimage at least once in his or her lifetime. The Kaaba one of the Five Pillars of Islam requires every Muslim to perform the Haji pilgrimage at least once in his or her lifetime.
The Umayyad Caliphate 

The Umayyad Caliphate  (Arabic:) ‎, Banu Umayyah, Sons of Umayyah; was the second of the four major Arab caliphates established after the death of Muhammad. It was ruled by the Umayyad dynasty, whose name derives from Umayya jbn Abd Shams, the great-grandfather of the first Umayyad caliph. Although the Umayyad family originally came from the city of Mecca, Damascus was the capital of their Caliphate. At its greatest extent, it covered more than five million square miles (13,000,000 km2), making it one of the largest empires the world had yet seen and the fifth largest contiguous empire ever to exist. After the Umayyads were overthrown by the Abbasid Caliphate, they fled across North Africa to Al-Andalus, (S. Spain) where they established the Caliphate of Córdoba, which lasted until 1031.

The Umayyad Caliphate . At its greatest extent, it covered more than five million square miles (13,000,000 km2), making it one of the largest empires the. The Umayyad Caliphate . At its greatest extent, it covered more than five million square miles (13,000,000 km2), making it one of the largest empires the.
British Muslims Outraged

Outraged Muslims hold signs that read:

Behead those who insult Islam!
Exterminate those who slander Islam!
Massacre those who insult Islam!!
Freedom go to Hell!!
Slay those who insult Islam!
Be prepared for the real holocaust!
Butcher those who mock Islam!

Black & white picture Riot streets of Paris
London bombing 2005

Police believe at least one of the suspected London bombers died in the blasts.

London bombing 2005
Muslim Riot Paris

Rioting in Paris, 2005

Black & white picture rioting in Paris Black & white picture Riot streets of Paris
Muslim Riot Paris on fire

Paris streets on fire.

Paris Riots streets on fire. Paris Riots streets on fire.
Map of riots in Paris 2005
Map of riots in Paris 2005.
Map of riots in Paris 2005 Map of riots in Paris 2005


































































































































































Seminar at the US Department of the Treasury:

“Islamic Finance 101”
November 6, 2008
1:00 p.m. – 5:00 p.m.
Department of Treasury, Washington DC


This forum is designed to help inform the policy community about Islamic financial
services, which are an increasingly important part of the global financial industry. The
Department of the Treasury, working with Harvard University’s Islamic Finance Project,
will host speakers from academia and industry to share information on the development
of Islamic finance, both in the United States and globally. The primary audience of this
seminar is comprised of staff from U.S. banking regulatory agencies, Congress,
Department of Treasury and other parts of the Executive Branch. For some in attendance,
this may be their first and only opportunity to learn formally about Islamic finance. We
expect about 100 people in the audience. The presentations will be short and focused,
directed toward policy makers rather than academics.

A. WELCOME (5-10 min):
Assistant Secretary Neel Kashkari

Seminar Chair: Samuel Hayes, Professor Emeritus, Harvard Business School

Moderator: Samuel Hayes, Professor Emeritus, Harvard Business School

Speaker Presentation Topic
1. Mahmoud El-Gamal, Rice University What is Islamic Finance?

2. Sarah Bell, Federal Reserve Bank of New
US regulation of Islamic financial

3. Yusuf Talal DeLorenzo, Shariah Capital Understanding shariah compliance

D. COFFEE BREAK (20 min)

page 2

Moderator: Mark Brady, Deputy Assistant Secretary for Services, US Department of

Speaker & Presentation Topic
1. Michael McMillen – Islamic Legal
Forum, American Bar Association:
Legal trends in shariah compliant

2. Rushdi Siddiqui, Dow Jones Indexes: Overview of recent developments in
the global market for Islamic
financial services

3. David Loundy – VP & Corporate Counsel, Devon Bank: US market for Islamic financial

page 3

Profile of Moderators and Speakers:
Interim Assistant Secretary of the Treasury for Financial Stability and Assistant
Secretary of the Treasury for International Economics and Development, U.S.

Department of the Treasury

Neel Kashkari was designated as the Interim Assistant Secretary of the Treasury for
Financial Stability on October 6, 2008. In this capacity, Mr. Kashkari oversees the Office
of Financial Stability including the Troubled Asset Relief Program. Mr. Kashkari also
continues to hold the position of Assistant Secretary of the Treasury for International
Economics and Development, but his International Affairs responsibilities are delegated
to Assistant Secretary for International Affairs Clay Lowery while Mr. Kashkari serves as
Interim Assistant Secretary for Financial Stability.
Mr. Kashkari joined the Treasury Department in July 2006 as Senior Advisor to U.S.
Treasury Secretary Henry M. Paulson, Jr. In that role, he was responsible for developing
the President’s Twenty in Ten energy security plan, enhancing Treasury’s engagement
with India, particularly in the area of infrastructure development, and developing and
executing the Department’s response to the housing crisis, including the formation of the
HOPE NOW Alliance, the development of the subprime fast-track loan modification
plan, and Treasury’s initiative to kick-start a covered bond market in the United States.
Prior to joining the Treasury Department, Mr. Kashkari was a Vice President at Goldman,
Sachs & Co. in San Francisco, where he led Goldman's IT Security Investment Banking
practice, advising public and private companies on mergers and acquisitions and financial
transactions. Prior to his career in finance, Mr. Kashkari was a R&D Principal
Investigator at TRW in Redondo Beach, California where he developed technology for
NASA space science missions such as the James Webb Space Telescope.

Jacob Schiff Professor of Investment Banking, Emeritus, Harvard Business School
Samuel L. Hayes, III, holds the Jacob Schiff Chair in Investment Banking Emeritus at the
Harvard Business School. He joined Harvard's faculty in 1970, prior to which he was a
tenured faculty member of the Columbia Business School. Hayes has a B.A. in Political
Science from Swarthmore College and an MBA (with Distinction) and D.B.A. from the
Harvard Business School. Hayes has published in journals such as Harvard Business
Review, Accounting Review, and Financial Management. He was a principal contributor
to the Harvard Islamic Investment Study. Hayes is the author or co-author of seven
books, including Islamic Law and Finance: Religion, Risk and Return, which he coauthored
with Frank E. Vogel of Harvard Law School. Hayes has consulted for a number
of corporations, financial institutions, foundations, and government agencies including
the Treasury Department, Justice Department, the Federal Trade Commission, the
Securities and Exchange Commission, and is a founding member of Harvard's Islamic Finance Project Advisory Board. Hayes has been the invited speaker to many of the major Islamic finance conferences held globally.

Professor of Economics and Statistics, Rice University

Mahmoud Amin El-Gamal Ph.D, is a Professor of Economics and Statistics at Rice
University in Houston, TX, where he is currently Chair of the Economics Department
and holds the endowed Chair in Islamic Economics, Finance, and Management. Before
joining Rice in 1998, he was an Associate Professor of Economics at the University of
Wisconsin in Madison. He has also worked as an Assistant Professor at the University of
Rochester, and the California Institute of Technology, as an Economist at the Middle-
East Department of the International Monetary Fund (1995-6), and as the first scholar in
residence on Islamic finance at the U.S. Department of Treasury (2004). El-Gamal has
published extensively on finance, econometrics, decision science, economics of the
Middle East, and Islamic transactions law. His recent books are Islamic Finance: Law,
Economics, and Practice, Cambridge University Press, 2006, and a major translation
project for classical Islamic law and its contemporary interpretations: Financial
Transactions in Islamic Jurisprudence, Dar Al-Fikr, 2003. Other publications have
included academic journal articles and book chapters on monetary and exchange rate
policies, foreign direct investment in the Arab world, growth and investment in various
Arab countries, and financial models for employment-generating small and medium

Senior Bank Examiner, Bank Supervision Group, Federal Reserve Bank of New York

Ms. Bell currently works in the FRBNY Investment Support Office. She is also part of
the internal FRBNY working group on Islamic finance and has worked on related issues
since joining the Bank in 2003. Before her current assignment, Ms. Bell worked in the
Credit Risk Department where she monitored financial institutions' commercial,
consumer and counterparty credit risk management. Prior to joining the Credit Risk
Department, she conducted financial analysis and risk monitoring in the Regional Banks
Department. Ms. Bell earned a BA degree in Political Economy from Princeton
University and a Masters in Public Policy from the Kennedy School of Government at
Harvard University.

Chief Shariah Officer, Shariah Capital

Shaykh Yusuf Talal DeLorenzo is a scholar of Islamic Transactional Law whose 30 year
career was featured in an August 2007 front page story in The Wall Street Journal. Based
in the Washington, DC area, he has served as a Shariah advisor to dozens of international
financial entities, including index providers, institutional investors, home finance
providers, international investment banks and a variety of asset managers. He is the
author of the three volume Compendium of Legal Opinions on the Operations of Islamic
Banks, the first English/Arabic reference on the fatwas issued by Shariah boards. In
addition, he wrote the introduction to Islamic Bonds, the 2003 book that introduced
Sukuk and transformed the world's Islamic capital markets. His work has appeared in
academic and industry journals and as chapters in books, including Euromoney's Islamic
Asset Management (2004), Islamic Retail Finance (2005), and Islamic Finance:
Innovation & Growth (2002). His entries on the terminology of Islamic finance appear in
The Oxford Dictionary of Islam.

Deputy Assistant Secretary for Services, U.S. Department of Commerce

Mark Brady oversees and manages three separate offices, which develop trade policy,
identify foreign market barriers, and analyze trends affecting the domestic and foreign
competitiveness for U.S. businesses in the service, tourism and finance industries. He
provides technical support to the United States Trade Representative during trade
negotiations. Additionally, Mr. Brady works to ensure that U.S. exporters have
competitive access to export finance through the Department of Commerce’s
representation on the Export-Import Bank and the Overseas Private Investment
Corporation. The services sector represents approximately 75 percent of the private sector
economy of the United States.
Prior to assuming that position, Mr. Brady was appointed to be the first Executive
Director of Corporate Partnerships for the U.S. Commercial Service. Prior to joining the
Administration, Mr. Brady was President of Manchester Partners, Inc., a corporate
financial advisory firm. He is a former member of the New Hampshire Legislature where
he represented district 2 and served on the Commerce Committee. He has written and
testified extensively on fiscal, health care, and environmental policy and successfully
sponsored legislation as a freshman legislator. He earned a degree in Economics from
the Whittemore School of Business and Economics, University of New Hampshire.

Lecturer-in-Law, University of Pennsylvania

Michael McMillen is a partner of Fulbright & Jaworski and works in the areas of Islamic
finance, project finance and structured finance. Although based in New York, he also
works extensively in the London, Riyadh and Dubai offices. He teaches Islamic Finance
at the University of Pennsylvania Law School, the Wharton School of Business, and
other institutions. Michael was the first Chair, and is the current Co-Chair of the
American Bar Association Islamic Finance Committee. He has twice received
Euromoney’s award for Best Legal Advisor in Islamic Finance. Michael has also
received the Sheikh Mohammed Bin Rashid Al Maktoum Award for Best Islamic
Finance Legal Advisor for North America. Michael works closely with the Islamic
Financial Services Board and has responsibility for three of the five capital markets
initiatives of the IFSB (securities and capital markets laws; the use of trust concepts; and
enforceability matters).

Michael received his Juris Doctor from the University of Wisconsin School of Law in
1976, his Doctor of Medicine from the Albert Einstein College of Medicine in 1983, and
his Bachelor of Business Administration from the University of Wisconsin in 1972.


Global Director of the Islamic Index Group, Dow Jones Indexes

Rushdi Siddiqui is Global Director for the Dow Jones Islamic Market Indexes. In this
capacity he supervises more than 70 Dow Jones Islamic Market Indexes [equity, sukuk,
sustainability, etc.] that underlie hundreds of Shariah-compliant mutual funds, exchange
traded funds and structured products with total assets under management (AUM) of
US$7B. He also oversees the Dow Jones Islamic Market Index Shariah Supervisory
Board of international scholars. Mr. Siddiqui introduced the idea of building Islamic
indexes to Dow Jones in 1998 and since then has been a vigorous advocate for the
Islamic finance through his relationships with OIC global stock exchanges and
investment firms, speaking at conferences, teaching at universities, writing articles, and
conducting media interviews. He has received numerous awards in Islamic finance, and is
on the advisory of committees of DIFC's Islamic Finance Advisory Committee (IFAC)
and Islamic Capital Market Committee at UK Trade & Investment (UKTI).

Corporate Counsel and Vice President, Devon Bank

David Loundy is Corporate Counsel, a Vice President, a member of the Board of
Directors for Devon Bank, and is in charge of the Islamic Finance Division for Devon
Bank at Devon Bank, David has created the products for the Bank’s Islamic finance
program, has worked to expand the Bank’s Islamic finance program out to cover 37
states, and designs the structures for all non-standard transactions. He has designed and
implemented more Islamic banking products in the United States marketplace than any
other banker in the U.S. He is working to create an off-shore investment company that
will allow for continued growth and expansion of the Bank's Islamic finance program.
Devon's program won the Sheikh Mohammed Bin Rashid Al Maktoum award in Islamic
Finance in the Category "Vision: North America."
Before joining Devon Bank, David worked as a law professor, a law school
administrator, as well as teaching in an executive MBA program, and worked as a lawyer
practicing in the fields of intellectual property and computer law, with a focus on Internet
law issues. He is a past chairman of the Illinois State Bar Association Intellectual
Property Law Section, and the Chicago Bar Association Computer Law Committee.
David has given more than seventy presentations and has more than one hundred
publications in his name. Some of his works have been translated into French, Japanese,
Turkish and Korean. David Loundy has a BA in telecommunications from Purdue
University, and a JD from the University of Iowa, College of Law, both with distinction.
He has completed the post-graduate diploma program from the Institute of Islamic
Banking and Insurance, and recently finished the Loyola University Family Business
Center’s Next Generation Leadership Institute.

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