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Posts Tagged ‘sharia finance’

Aussie imams call for shari’a banks

by 1389AD ( 66 Comments › )
Filed under Australia, Islam, Islamic Invasion, Sharia (Islamic Law) at July 13th, 2011 - 5:00 pm

No Shari'a No Jihad

By Gramfan

Fantastic! Small green smiley shaking his head

Many of us in the blogosphere know that this is a path of stealth jihad.

I do believe there are also some Sharia compliant financial products available already as Senator Cory Bernardi wants the spread of Sharia Finance curtailed.

I was also somewhat mystified by this [from the article below]:

“Fellow WA imam Sheikh Burhaan Mehtar said the issue of sharia law was often raised to scare non-Muslims, but a dialogue would lead to better understanding.

“Islamic banking and the non-slavery of humans is a classic example. Interest is slavery,” he said.”

Non-slavery?

Is he joking?

Slavery is part of Islam.

The slave trade was run by Muslims.

Think back to Thomas Jefferson and the Barbary pirates. I’ll let Christopher Hitchens explain.

There are more examples of slavery in Islam also.

Just a few for now. Here, here, and here.

Adelaide Times: Imams call for shari’a banks

by John Masanauskas

ISLAMIC leaders want Australia to recognise sharia banking practices so Muslims can get interest-free loans for religious reasons.

Some imams are also sceptical that the killing of Osama bin Laden will benefit ordinary Muslims and they are unhappy with the way US forces disposed of his body.

An Advertiser survey of the nation’s Islamic leaders has also revealed:

STRONG condemnation of MPs who criticise Muslim women for wearing the burqa/nijab.

CONCERN that ordinary Muslims are still being linked to terrorism.

DISGUST that innocent people in Muslim countries are being killed in the “war on terror”.

The survey was conducted in the wake of a $55,000 Federal Government training program for imams on Australian laws and values.

The religious leaders have been told to preach Aussie values such as the fair go, freedom and responsibility to their congregations.

Imam Yusuf Parker, from the Alhidayah Centre in Perth, said that Australia should consider recognising sharia law as it applied to finance and family law matters.

Imam Parker said that Islam forbade the charging or paying of interest “so finding interest-free loans will again help Muslims to practice their Islam better”.

“Other than the two major issues mentioned, I don’t see other sharia law that Muslims would seek to have legally recognised,” he said.

Fellow WA imam Sheikh Burhaan Mehtar said the issue of sharia law was often raised to scare non-Muslims, but a dialogue would lead to better understanding. “Islamic banking and the non-slavery of humans is a classic example. Interest is slavery,” he said.

Islamic Council of Victoria board member Nazeem Hussain said that currently there were legal and tax barriers preventing local banks from offering Islamic products.

“That’s a massive market that the Australian Government has identified (and) we’d encourage the Government to seek ways to tap into that market,” he said.
[…]

With thanks to Adelaide Now


Federal Reserve and Hank Paulson sued over Sharia Finance

by Phantom Ace ( 23 Comments › )
Filed under Dhimmitude, Economy, Islamic Finance at December 19th, 2008 - 3:51 pm

We bailed out AIG for this? They are promoting Sharia Finance for Muslims in America. Again why are Muslims given special rights? Why should they get separate loans?

Federal Reserve sued for funding Shariah products

A lawsuit has been filed against the Federal Reserve Board and U.S. Treasury Secretary Henry M. Paulson Jr. over Wall Street bailout money going to American International Group, which is funding Shariah-compliant insurance and products.

WND reported a week ago that AIG has benefited from two major bailout agreements with the U.S. government giving $152.5 billion in taxpayer dollars to the company. Then it confirmed it is stepping up its dealings with Islamic finance offering homeowners insurance that complies with Islam’s religious Shariah laws.

According to an announcement at the time, Risk Specialists Companies, Inc., or RSC, a subsidiary of AIG Commercial Insurance, was introducing its Shariah-compliant Takaful Homeowners Policy to the U.S.

The Shariah-compliant policy is underwritten through RSC member company A.I. Risk Specialists Insurance, Inc., in conjunction with Lexington Insurance Co. and in association with AIG Takaful Enaya.

We should have let AIG collapsed. Let their Jihadists allies help them. This is an example of the Corporatist-Islamic alliance.

The Islamic Banking Threat

by Phantom Ace ( 6 Comments › )
Filed under Dhimmitude, Islamic Finance, Terrorism at December 11th, 2008 - 8:46 am

Desperate for cash our Treasury and Corporations are turning to the rich Islamic Persian Gulf States for money.This helps the Islamo-Fascists and gives them potentially American assets. We must shed light and warn people on this form of Sharia Finance.

Islamic Banking

Instead, the Treasury Department, hungry for petrodollars, is holding seminars to promote Islamic banking and U.S. taxpayers are footing the bill. This practice must stop. Islamic banking corrupts our financial system, enables the illegal Arab economic boycott of Israel and entangles government with Islam in violation of the First Amendment’s Establishment Clause.

This is a threat to our nation. It’s creeping Sharia law, supported not by Leftists but by Corporatists. They will sell out their own nation to Islamo-Fascism in the name of money and free markets. There are limits and Islamic Finance is where we draw the line. Free Market Capitalism is not an excuse for suicide, national interests takes precedent.

Treasury Considering Islamic Finance?

by Phantom Ace ( 6 Comments › )
Filed under Economy, Islamic Finance at November 6th, 2008 - 11:10 am

Frank Gaffney says the US Treasury, as part of its effort to deal with the banking crisis, is preparing to submit to Shariah.

As reported in this space last week, Deputy Secretary of the Treasury Robert Kimmitt set the stage with his recent visit to Saudi Arabia and other oil-rich Persian Gulf states. His stated purpose was to promote the recycling of petrodollars in the form of foreign investment here.

Evidently, the price demanded by his hosts is that the U.S. government get with the Islamist financial program. While in Riyadh, Mr. Kimmitt announced: “The U.S. government is currently studying the salient features of Islamic banking to ascertain how far it could be useful in fighting the ongoing world economic crisis.”

“Islamic banking” is a euphemism for a practice better known as “Shariah-Compliant Finance (SFC).” And it turns out that this week the Treasury will be taking officials from various federal agencies literally to school on SFC.

The department is hosting a half-day course entitled “Islamic Finance 101” on Thursday at its headquarters building. Treasury’s self-described “seminar for the policy community” is co-sponsored with the leading academic promoters of Shariah and SCF in the United States: Harvard University Law School’s Project on Islamic Finance. At the very least, the U.S. government evidently hopes to emulate Harvard’s success in securing immense amounts of Wahhabi money in exchange for conforming to the Islamists’ agenda. Like Harvard, Treasury seems utterly disinterested in what Shariah actually is, and portends

(Hat tip: Obama supporter:Charles Johnson)