Sharia Finance
All posts tagged Sharia Finance
What is it the Western world does not understand about Sharia Law? In Iran, Saudi and other nations with Sharia Law the whole individual’s life is controlled and Sharia Compliant Finance is only one part of the whole. So is finance the camel’s nose which will eventually allow the entire body of Sharia Law to dominate the Western world?
AIG is an American multinational insurance corporation which through reckless investments would have gone broke except it obtained a US Government bailout which made the US taxpayer the majority stakeholder. The Thomas More Law center brought a constitutional challenge to the “…Government’s bailout of AIG, which used over a hundred million dollars in federal tax money to support Islamic religious indoctrination through the funding and promotion of Sharia-compliant financing (SCF). SCF is financing that follows the dictates of Islamic law.” Surprisingly or perhaps not surprisingly this challenge was dismissed by Judge Zatkoff.
The Thomas More Law Center’s Richard Thompson stated that “Judge Zatkoff’s ruling allows for oil–rich Muslim countries to plant the flag of Islam on American soil. His ruling ignored the uncontested opinions of several Sharia experts and AIG’s own website, which trumpeted Sharia-compliant financing as promoting the law of the Prophet Mohammed and as an ‘ethical product,’ and a ‘new way of life.’ His ruling ignored AIG’s use of a foreign Islamic advisory board to control investing in accordance with Islamic law.” The whole article on this subject may be found at http://www.thomasmore.org/press-releases/2011/01/sharia-law-gains-foothold-us-federal-judge-upholds-government-funding-islam-t.
It is also certainly worth any freedom loving person’s time to watch this ten minute video at; www.youtube.com/watch?v=xXZZcIfUnZ4.
This is not Islamophobia but looking at the reality that Sharia Compliant Finance is simply the camel’s nose and once it’s “inside the tent door the body will soon follow”. Whatyareckon?
