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Have Shariah-compliant financial institutions been tied to weapons of mass destruction?

April 26, 2017destruction financial institutions mass shariah-compliant tied weapons

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Have Shariah-compliant financial institutions been tied to weapons of mass destruction?

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• Yes. Iran’s largest bank, Bank Melli, which was named in the November 2007 edition of The Banker as the largest Shariah-compliant bank in the world, has been put under sanctions by both the US government and the European Union for its role in financing Iran’s nuclear and ballistic missile programs. • Also, UAE, a promoter of Shariah Finance has exported nuclear components to North Korea.