Joanna Sugden has the scoop, complete with this social-enterprisey analysis from a moderate Muslim blog:

Newspapers are featuring ads for flowers and articles on various Muslims worldwide with their panties in a bunch about any holiday not explicitly mentioned in Sahih Bukhari. But in all the conspicuous consumption and harrumphing, the ones that Muslims should really be focused on get lost in the shuffle as usual. Many of the trappings of Valentine’s Day have ugly and sometimes bloody pasts that no amount of red satin can hide. The items we exchange as gifts are often produced by workers who are paid little or nothing, live in wretched conditions, and face cruelty and danger in their work. Yet in the denouncing of this holiday, even the holier than thou forgot the poor and the oppressed.