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July 26, 2005

Foiled Again

Just when I was thinking about running down to one of my four neighborhood Caribou Coffee shops for a kielbasa dog, a beer and a Hustler - this comes along.

Porn, pork and Pabst -- you're safe from them at Caribou Coffee. In an SEC filing last week for its initial stock offering, the Brooklyn Center-based coffeehouse chain noted that it operates its business according to the Islamic principles known as Shari'ah.

"A Shari'ah-compliant company is prohibited from engaging in derivative hedging transactions such as interest rate swaps or futures, forward options or other instruments designed to hedge against changes in interest rates or the price of commodities we purchase," Caribou said in its filing. "Also, a Shari'ah-compliant company is prohibited from dealing in the areas of alcohol, gambling, pornography, pork and pork-related products."

Atlanta-based Arcapita Inc. owns 84 percent of Caribou. Arcapita is the U.S. private-equity arm of Arcapita Bank B.S.C., a Bahrainian investment group.

Where can one go for a good jerk-pork sandwich if not Caribou?

Next you'll be telling me I can't get mutton burgers and a lapdance at Firestone Tires.

Posted by Mitch at July 26, 2005 06:05 AM | TrackBack
Comments

One of the main reasons I frequent Starbucks, if I must frequent a chain.

I wonder when Hooters will go sharia' compliant?

Posted by: marcus aurelius at July 26, 2005 09:42 AM

Wasn't it at a Caribou that some guy was sitting around reading a bomb-making manual and wound up getting a visit from some FBI's? And he wrote a big long article about it for some hippie rag which essentially said, They were courteous and professional and at no time threatened my civil rights - THE JACK-BOOTED FASCIST THUGS! HELLO FROM THE AMERICAN GULAG!

Posted by: Brian Jones at July 26, 2005 09:59 AM

Yeah, but bacon tastes good. Pork chops taste good...

Posted by: Night Writer at July 26, 2005 10:07 AM

Yeah, and sewer rat may taste like pumpkin pie, but it's still a filthy animal.

Or something like that.

Posted by: Brian Jones at July 26, 2005 10:18 AM

I smell a business opportunity. Someone could totally corner the coffee/porn/pork/booze shop market!

Posted by: Doug at July 26, 2005 11:35 AM

Caribou most certainly does not follow shari'a in their business practices - they allow unveiled women and Jews to enter, and don't charge double to non-Muslims...

Posted by: Jay Reding at July 26, 2005 12:00 PM

"Someone could totally corner the coffee/porn/pork/booze shop market!"

I'd be wary of ordering the "jerk-pork" sandwich, though...

Posted by: Dan S. at July 26, 2005 12:06 PM

My wife and I have a good friend who works at Caribou headquarters -- and when I mentioned this story she said it was completely false.

Posted by: Michael at July 27, 2005 08:05 AM

My wife and I have a good friend who works at Caribou headquarters -- and when I mentioned this story she said it was completely false.

Posted by: Michael at July 27, 2005 08:05 AM

Caribou Coffee is not directly a front for Islamic terror, but its investors are linked to the cause. Though it has more to do with Palestinian relief and anti-Semitism, this is a difference without a distinction. Its investors are free to do what they want with their profits, so it is probably naive to believe that at least some of the money does not end up as contributions to Al-Qaeda, Hezbollah, and Hamas.

Lie down with dogs, wake up with fleas:

http://www.snopes.com/business/alliance/caribou.asp

Posted by: Eracus at July 27, 2005 11:03 AM

You have not even scratched the surface of the ownership assoc with this company. Look and learn, Arcapita inc, and Arcapita BSC. Links from Investacorp back to BCCI... I often wonder just how naive this country really is... We often see, but we seldom learn..

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