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Feds Move to Seize Alavi Assets, Aiming at Iran, Bank Melli (World’s Top Sharia Bank)

November 13th, 2009 by Shariah Finance Watch Filed under Featured, Feeds, Free Republic, Politics.[0 views]
Yesterday the US attorney’s office in Manhattan moved to seize assets of a non-profit foundation tied to Iran. Among those assets are four mosques in New York, California, Maryland and Texas, 100 acres of land in Virginia and a 36-story building at 650 5th Avenue in Manhattan. Much of this activity centers around the ties of the foundation, the Alavi Foundation, to Bank Melli. We have written extensively on Bank Melli here on SFW. It has been, for the past three years in a row, the largest Shariah-Compliant financial institution in the world, according to the UK periodical “The Banker”...

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