February 11, 2009
Melanie Phillips: "As Britain’s government and banks congratulate themselves on the stunning growth of sharia banking in the UK, do any of them have the slightest understanding of what they are doing?"
"Cheer up – we’re about to be bought up by the Islamic world."
"Britain's a world-leader in sharia banking - but we haven't grasped the sinister and dangerous implications," by Melanie Phillips for the Mail Online, February 10:
Worried that Britain is going bankrupt? Cheer up – we’re about to be bought up by the Islamic world.
A report by International Financial Services London reveals that Britain’s Islamic banking sector is now bigger than that of Pakistan.
The study says that the UK has by far the largest number of banks for Muslims of any western country.
The UK now has five fully ‘sharia-compliant’ banks – providing products which prohibit interest payments and investment in alcohol or gambling firms in accordance with Islamic sharia law – while another 17 leading institutions including Barclays, RBS and Lloyds Banking Group have set up special branches or subsidiary firms for Muslim clients.
The $18billion (£12bn) in assets of Britain’s Islamic banks are said to dwarf those of Muslim states such as Pakistan, Bangladesh, Turkey and Egypt. And there are also 55 colleges and professional institutions offering education in Islamic finance in Britain – more than anywhere else in the world.
This development has been actively pushed by the government. When he was Chancellor of the Exchequer, Gordon Brown declared that he wanted London to become the global centre of Islamic banking. You can obviously see the attraction, especially in these straightened times. But the only thing our politicians and bankers appear to see is the seductive prospect of trillions of pound and dollar signs dancing before their bedazzled eyes.
What they refuse to acknowledge is the real price that is to be paid for this. They don’t understand that the spread of sharia banking in Britain and America is a significant part of the attempt to Islamise Britain and America. Acceptance of sharia finance furthers the Islamist objective of gradually legitimising Islamic sharia law more generally in the west.
The point which is being missed is that all who use it must conform to the dictates of sharia law. Sharia financial institutions may not be making this clear now – they don’t want to frighten people away – but at some point that IOU of sharia-compliance will be called in. This is how sharia-compliance will be spread to both the Muslim and non-Muslim population.
Any Western institution that endorses sharia-compliant products therefore effectively endorses the extremist ideology behind it of conquering the west for Islam, whether it knows it or not.
The most important point to grasp is that Islam recognises no authority superior to sharia. Sharia banks will therefore not recognise the superior authority of the law of the land. When trillions of pounds and dollars are locked into them, who will argue with them?
Even more troubling is the potential cover provided by sharia finance for the financing of terrorism. Sharia requires Muslims to tithe a percentage of their money to charity, called ‘zakat’.
But charity in Islam is more like solidarity. So some of this money donated to Islamic charities may well find its way to organisations promoting jihad and supporting suicide bombing including Hamas, Hezbollah, the families of Palestinian suicide bombers and Islamist madrassas in places like Pakistan. [...]
As Britain’s government and banks congratulate themselves on the stunning growth of sharia banking in the UK, do any of them have the slightest understanding of what they are doing?
Showing posts with label Banking. Show all posts
Showing posts with label Banking. Show all posts
Wednesday, February 11, 2009
Monday, November 03, 2008
Treasury Supports Sharia Financing
U.S. Treasury Department to Host
Shariah Compliant Financing Forum!!!
By Brigitte Gabriel
This Thursday, in association with the Islamic Finance Project of the Harvard Law School, the U.S. Treasury will be hosting a forum entitled “Islamic Finance 101.”
You read this correctly. As the humorist Dave Barry writes in many of his columns, “I am not making this up.”
Indeed, despite the fact that we in ACT! for America and others have been warning about the infiltration of shariah (Islamic law) into our society for some time, to witness how quickly it is happening causes me to tremble inside.
Our own U.S. Treasury is hosting a forum aimed at educating “staff from U.S. banking regulatory agencies, Congress, Department of Treasury, and other parts of the Executive Branch.”
So what is Shariah Banking you ask?
Sharia banking was created by radicals like Sheik Qaradawi, a terrorist who today is banned from entering the United States and Great Britain. Who today leads international Islamic Finance agencies. How does he describe Shariah Finance? "I like to call it Jihad with money, because God has ordered us to fight enemies with our lives and our money."
Everything in me wants to shout from the highest house top “Will enough Americans wake up in time??? Have our leaders become so blinded with greed that they are willing to sell our soul, and endanger our national security, in exchange for Arab money?”
To view a PDF image of the official U.S. Treasury description and agenda for the forum, please click here.
According to the Treasury document, the purpose of this forum is “…to help inform the policy community about Islamic financial services, which are an increasingly important part of the global financial industry.”
Speakers include:
Assistant Treasury Secretary Neel Kashkari. If that name sounds familiar it’s because he is the person Treasury Secretary Henry Paulson designated to manage the government purchase of distressed assets called for in the $700 billion “bailout plan.”
Talal DeLorenzo. DeLorenzo is one of the half dozen most important shariah advisors. He is a product of the radical jihadist madrassa Jamia Uloom Islamia in Karachi. Among his many prior positions is the Director of Education at the Islamic Saudi Academy. If that name sounds familiar it’s because that academy was the focus of a U.S. Commission on International Religious Freedom Report earlier this year. That report documented material in the academy’s textbooks that, among other things, called for the killing of “apostates” from Islam and approved of the killing of “polytheists.”
ACT! for America put out two emails on this and some of our local members participated in a protest at the academy.
The Islamic Saudi Academy is also known for one of its more famous alumni, Ahmad Omar Abu Ali, who in 1999 was the school’s valedictorian and was voted “Most Likely to Be a Martyr.” Ali was later convicted on charges of terrorism and attempting to assassinate President Bush.
Rushdi Siddiqui. Siddiqui is the founder and ‘global director’ of the Dow Jones Islamic Market Index Group.
My dear members, the “Trojan horse” is within our gates. How we as the “grassroots” of America respond to this threat over the next year will greatly determine whether we begin to expel this threat or go the way of Britain and Europe.
We are now in the process of producing a video that details what Shariah financing is, its implications, who’s involved on Wall Street and our efforts to stop it. You will receive notice of it by email within a couple weeks.
We need your activism and involvement on every level to help us protect our country. Please forward our emails to your friends and family and urge them to subscribe to receive them directly. Get involved with our chapter network. We are going to need to organize on the grass roots level to put pressure on our banking system and even boycott some major banks to stop this Islamic shariah financing. More information will be forthcoming forth in the future.
Brigitte Gabriel
Shariah Compliant Financing Forum!!!
By Brigitte Gabriel
This Thursday, in association with the Islamic Finance Project of the Harvard Law School, the U.S. Treasury will be hosting a forum entitled “Islamic Finance 101.”
You read this correctly. As the humorist Dave Barry writes in many of his columns, “I am not making this up.”
Indeed, despite the fact that we in ACT! for America and others have been warning about the infiltration of shariah (Islamic law) into our society for some time, to witness how quickly it is happening causes me to tremble inside.
Our own U.S. Treasury is hosting a forum aimed at educating “staff from U.S. banking regulatory agencies, Congress, Department of Treasury, and other parts of the Executive Branch.”
So what is Shariah Banking you ask?
Sharia banking was created by radicals like Sheik Qaradawi, a terrorist who today is banned from entering the United States and Great Britain. Who today leads international Islamic Finance agencies. How does he describe Shariah Finance? "I like to call it Jihad with money, because God has ordered us to fight enemies with our lives and our money."
Everything in me wants to shout from the highest house top “Will enough Americans wake up in time??? Have our leaders become so blinded with greed that they are willing to sell our soul, and endanger our national security, in exchange for Arab money?”
To view a PDF image of the official U.S. Treasury description and agenda for the forum, please click here.
According to the Treasury document, the purpose of this forum is “…to help inform the policy community about Islamic financial services, which are an increasingly important part of the global financial industry.”
Speakers include:
Assistant Treasury Secretary Neel Kashkari. If that name sounds familiar it’s because he is the person Treasury Secretary Henry Paulson designated to manage the government purchase of distressed assets called for in the $700 billion “bailout plan.”
Talal DeLorenzo. DeLorenzo is one of the half dozen most important shariah advisors. He is a product of the radical jihadist madrassa Jamia Uloom Islamia in Karachi. Among his many prior positions is the Director of Education at the Islamic Saudi Academy. If that name sounds familiar it’s because that academy was the focus of a U.S. Commission on International Religious Freedom Report earlier this year. That report documented material in the academy’s textbooks that, among other things, called for the killing of “apostates” from Islam and approved of the killing of “polytheists.”
ACT! for America put out two emails on this and some of our local members participated in a protest at the academy.
The Islamic Saudi Academy is also known for one of its more famous alumni, Ahmad Omar Abu Ali, who in 1999 was the school’s valedictorian and was voted “Most Likely to Be a Martyr.” Ali was later convicted on charges of terrorism and attempting to assassinate President Bush.
Rushdi Siddiqui. Siddiqui is the founder and ‘global director’ of the Dow Jones Islamic Market Index Group.
My dear members, the “Trojan horse” is within our gates. How we as the “grassroots” of America respond to this threat over the next year will greatly determine whether we begin to expel this threat or go the way of Britain and Europe.
We are now in the process of producing a video that details what Shariah financing is, its implications, who’s involved on Wall Street and our efforts to stop it. You will receive notice of it by email within a couple weeks.
We need your activism and involvement on every level to help us protect our country. Please forward our emails to your friends and family and urge them to subscribe to receive them directly. Get involved with our chapter network. We are going to need to organize on the grass roots level to put pressure on our banking system and even boycott some major banks to stop this Islamic shariah financing. More information will be forthcoming forth in the future.
Brigitte Gabriel
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