Alex Alexiev on National Review Online sets out the reasons why sharia finance — described by Sheikh Yusuf al Qaradawi as ‘jihad with money’ — is a serious threat to the west:
The legitimization of sharia in the West and its gradual imposition in Muslim communities and beyond is a key objective of sharia finance, and there is no doubt it has already made huge strides. …Notably, for those Muslims who cannot engage in physical jihad using force of arms, sharia requires that they support jihad financially. This is what sharia finance is all about.
Far from being a legitimate investment vehicle, sharia finance facilitates religiously sanctioned support for terrorist organizations — as well as providing radical Islamists with highly paid sinecures as sharia-finance board advisors in the sanctum sanctorum of capitalism, all the while that they are pursuing a subversive campaign to destroy it.
Predictably, none of this is even remotely disclosed by any of the dozens of Western banks promoting sharia finance today, which obviously exposes them to huge non-disclosure risks ranging from fraudulent misrepresentation, to material support for terrorism.
And not disclosed either by Gordon Brown, whose stated ambition is to make London the global centre of Islamic banking (reported to be yet another brilliant wheeze from Ed Balls). Of all the manifestations of the Islamisation of the west (see this piece by Dan Rabkin on the acceleration of Londonistan) sharia finance is perhaps the most deadly, because it effectively sells the west to Islam, and the most difficult to stop — because for the financiers and politicians in the west who are thus selling it, all they can see are the trillions of dollar and pound signs being dangled enticingly before their eyes.
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Melanie Phillips is a Daily Mail columnist. She also writes for the Jewish Chronicle and is a panellist on BBC Radio Four's Moral Maze. Her most recent book is 'Londonistan', published by Encounter and Gibson Square.
For a complete set of Melanie's articles click here
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Shy Guy
April 8th, 2008 6:05amHow about a homework assignment?
Refer to the Islamic term "Fi Sabil Allah" and look up where it's used in the Quran, under what context and what all major schools of Islamic jurisprudence taught about it.
And Allah's not the only one any more who knows best.
Paul Weston
April 8th, 2008 10:40amBrussels Journal (http://www.brusselsjournal.com)
carries a quote from Swissinfo.com:
[Michael Fouad Chahine of Credit Suisse:] "The development of Islamic banking has so far been limited to countries with a higher percentage of Muslims (...). But this is changing as more international regulators accept the importance of Sharia. It is now also accepted as socially responsible banking". (...)
[John Sandwick of Encore Management:] "If no effort is made whatsoever, I am afraid the world will pass Switzerland by in the race to control the rich prize: which today is worth hundreds of billions, but in the future will be trillions of dollars of Islamic wealth."
Melanie quoted a recent Investors Business Daily Article which pointed out that 3% of the proceeds from Sharia Finance go to Islamic "charities" some of which actively sponsor violent Jihad against the West.
If the West gets involved with trillions of dollars worth of Sharia Finance, then 3% of that will go a long way indeed.
Lenin's adage of selling us the rope with which to hang ourselves seems most apt.
http://www.swissinfo.org/eng/front/Swiss_risk_losing_Islamic_goldmine.html?siteSect=108&sid=8929242&cKey=1207227994000&ty=st
Harry
April 8th, 2008 11:37amThe seeds are sowed in finance as the harvest is reaped in blood.
London Calling
April 8th, 2008 11:40amGordon Brown has been 'beguiled' with his ambitions into making London the global centre of Islamic banking.......
"The Prophet said, ‘If I take an oath and later find something else better than that, then I do what is better and expiate my oath.'", Qur'an 9:3 "Allah and His Messenger dissolve obligations.", Qur'an 66:2 "Allah has already sanctioned for you the dissolution of your vows.", Bukhari:V4B52N268 "Allah's Apostle said, ‘War is deceit.'", Ishaq:519 "Having got Muhammad's permission, he said, ‘I must tell lies.' The Apostle said, ‘Tell them.'", Ishaq:323 "I am the best of plotters. I deceived them with My guile so that I delivered you from them.", Ishaq:442 "By Muhammad's order we 'beguiled' them.".
Frank Pulley
April 8th, 2008 12:48pmWhat a great decade it has been for our country: swathes of sovereignty handed over to Brussels; London in the thrall of a Marxist Mayor; Chinese thugs ‘policing’ public ‘celebrations’; financial institutions infiltrated by Islamic jihadists; a Prime Minister with no mandate from the electorate engineered into the job by a cultural hegemonic cabal ... (use your own experience to add to the list).
Calls to mind an incident that I witnessed in Soho circa 1974. A notorious Maltese gangster, accompanied by a minder, emerged from a brothel/clip joint, the worse for wear and having just collected his ‘dues’ from the dive. As they lurched along Greek Street, reeking and roistering, the vice baron took a large bundle of banknotes from his satchel and threw a fistful into air. “Now I knowa whya they calla it Great Brittin!” he yelled, “ ‘s f***king great ‘ere, ennit?”
I take comfort from the fact that he eventually came to a sticky end. But, on the other hand, I fear the same may not be true of the extortionists who are currently running our government.
Johnra
April 8th, 2008 11:56pmGreat, another way the creeeping ugly fascism of Islamic sharia'h to insinuate itself in the heart of our culture and economy. Enough of this fraud!
Ken
April 9th, 2008 9:57pmIt all starts with those plastic collection boxes you see next to the tills in every Muslim owned corner shop in London. The labels claim they are for an Islamic charity, try asking which one next time you pop in...
marion d s dreyfus
April 11th, 2008 3:21pmAlex Alexiev is dead on in his coverage and analysis: The zomboid financial institutions mesmerized by petrodollars are fast colluding in not only their own demises, but in the further erosion and destruction of the US financial system, entire. He points out the criminal folly involved in the vulpine so-called 'shariah-compliant' investment bamboozle.
YA
April 11th, 2008 6:32pmEverything is OK guys. It is good to have this "money jihad" here under the hand. When time comes, it will be easy to straddle them in one go.