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
Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts
Monday, November 03, 2008
Monday, July 21, 2008
Shariah Compliant Banks
Shariah Compliant Banks
Alpha Natural ResourcesAsset Acceptance Capital Corporation
Aviva Plc
AXA
Barclays PLC
BNP Paribas Group
Citibank, N.A.
Credit Agricole, S.A.
Deutsche Bank AG
Dow Jones & Company Inc.
Equity Insurance Group Limited
Goldman Sachs Group
HBOS plc
HSBC Holdings plc
INVESCO Perpetual
Julius Baer Group
Maersk Logistics
Merrill Lynch & Co., Inc.
Morgan Stanley
NYSE Euronext
Silicon Graphics, Inc.
Singapore Power
National Security and Financial Risks: Islamists are attempting to impose Shariah Compliant Finance (SCF) on Western institutions to use our own financial strengths against us. The most serious problem with SCF is that it legitimates and institutionalizes Shariah law (i.e., Islamic law), a theo-political- legal doctrine violently opposed to Western values. With $1 -$2 trillion petrodollars annually looking for an investment home, blind exuberance is driving financial institutions to adopt SCF, without even a minimal baseline for legal compliance. This willful blindness, and lack of both transparency and due diligence may cause SCF to be the next sub-prime crisis, but this time with deadly consequences.
Legal Risks: Western financial institutions which adopt SCF may have criminal and civil exposure to claims of aiding and abetting sedition and the material support of terrorism, securities fraud, consumer fraud, racketeering, and antitrust violations, as well as exposure to tort claims for sedition and terrorism, and for the violation of internationally recognized norms of the law of nations.
Terror Financing Mechanism: SCF as monitored by paid Shariah law advisors to U.S. banking institutions must “purify” certain return on investment (ROI) dollars that do not meet Shariah law standards. This money must be donated to Islamic charities - including some that promote Jihad and support suicide bombing. Investment disclosures state that these profits can be as high as 6% of profits of investments. With $800 billion already in SCF assets, the potential for billions of dollars to be siphoned off for terrorism is real. This would be a serious criminal violation of U.S. law.
Consider this example: Shariah Mutual Funds promote themselves as “ethical funds.” To be Shariah-compliant, they donate “tainted” revenues to Shariah-compliant “charities.” A post 9-11 U.S. investor in a Shariah-compliant “ethical investment” is not told that Shariah law also requires imposing Shariah as U.S. law, execution of gays and female apartheid. Is he a victim of consumer fraud? Is this same post 9-11 investor unwittingly funding terror? The government has shut down the three largest Shariah-compliant charities in the U.S. - the Holy Land Foundation, Benevolence International Foundation, and the Global Relief Foundation - after proving they funded terrorist organizations. The American taxpayer deserves answers to these questions. The Center for Security Policy (CSP) is meeting directly with members of Congress, U.S. regulatory agencies and Wall Street financial institutions in order to ensure the enforcement of existing U.S. laws on sedition, disclosure, material support of terrorism, and money-laundering. CSP is committed to revealing the civil liability and criminal exposure of Shariah law and Shariah-compliant finance.
WHAT IS SHARIAH LAW?
Understanding Shariah law is integral to understanding the dangers of Shariah-compliant finance. Shariah law is Islamic law dating back to the 7th century and is today the law of the land in Saudi Arabia, Iran, Sudan and the law under which the Taliban operates. Recent polls reveal that only 10-15% of Muslims worldwide want to live under this all-encompassing system of Islamic jurisprudence that covers all aspects of a Muslim’s life including religious, social, political, and military obligations. However, with a current population of 1.5 billion Muslims, this translates to a huge pool of Jihadist recruits and supporters - a base of approximately 150 - 225 million Muslims. Shariah law authorities, some of whom are now being paid handsomely by Barclays, Dow Jones, Standard & Poors, HSBC, Citibank, Merrill Lynch, Deutschebank, Goldman Sachs, Morgan Stanley, UBS, Credit Suisse and others have the power to dictate Shariah compliance as deemed by “scholarly consensus” on matters of finance, family, penal law, apostasy, and war. Examples of authoritarian Shariah law include: requirement of women to obtain permission from husbands for daily freedoms; beating of disobedient woman and girls; execution of homosexuals; engagement of polygamy and forced child marriages; the testimony of four male witnesses to prove rape; honor killings of those, principally women, who have dishonored the family; death to apostate Muslims who chose to leave Islam; inferior status of non-Muslims, and capital punishment for those “slander Islam.”
Alpha Natural ResourcesAsset Acceptance Capital Corporation
Aviva Plc
AXA
Barclays PLC
BNP Paribas Group
Citibank, N.A.
Credit Agricole, S.A.
Deutsche Bank AG
Dow Jones & Company Inc.
Equity Insurance Group Limited
Goldman Sachs Group
HBOS plc
HSBC Holdings plc
INVESCO Perpetual
Julius Baer Group
Maersk Logistics
Merrill Lynch & Co., Inc.
Morgan Stanley
NYSE Euronext
Silicon Graphics, Inc.
Singapore Power
National Security and Financial Risks: Islamists are attempting to impose Shariah Compliant Finance (SCF) on Western institutions to use our own financial strengths against us. The most serious problem with SCF is that it legitimates and institutionalizes Shariah law (i.e., Islamic law), a theo-political- legal doctrine violently opposed to Western values. With $1 -$2 trillion petrodollars annually looking for an investment home, blind exuberance is driving financial institutions to adopt SCF, without even a minimal baseline for legal compliance. This willful blindness, and lack of both transparency and due diligence may cause SCF to be the next sub-prime crisis, but this time with deadly consequences.
Legal Risks: Western financial institutions which adopt SCF may have criminal and civil exposure to claims of aiding and abetting sedition and the material support of terrorism, securities fraud, consumer fraud, racketeering, and antitrust violations, as well as exposure to tort claims for sedition and terrorism, and for the violation of internationally recognized norms of the law of nations.
Terror Financing Mechanism: SCF as monitored by paid Shariah law advisors to U.S. banking institutions must “purify” certain return on investment (ROI) dollars that do not meet Shariah law standards. This money must be donated to Islamic charities - including some that promote Jihad and support suicide bombing. Investment disclosures state that these profits can be as high as 6% of profits of investments. With $800 billion already in SCF assets, the potential for billions of dollars to be siphoned off for terrorism is real. This would be a serious criminal violation of U.S. law.
Consider this example: Shariah Mutual Funds promote themselves as “ethical funds.” To be Shariah-compliant, they donate “tainted” revenues to Shariah-compliant “charities.” A post 9-11 U.S. investor in a Shariah-compliant “ethical investment” is not told that Shariah law also requires imposing Shariah as U.S. law, execution of gays and female apartheid. Is he a victim of consumer fraud? Is this same post 9-11 investor unwittingly funding terror? The government has shut down the three largest Shariah-compliant charities in the U.S. - the Holy Land Foundation, Benevolence International Foundation, and the Global Relief Foundation - after proving they funded terrorist organizations. The American taxpayer deserves answers to these questions. The Center for Security Policy (CSP) is meeting directly with members of Congress, U.S. regulatory agencies and Wall Street financial institutions in order to ensure the enforcement of existing U.S. laws on sedition, disclosure, material support of terrorism, and money-laundering. CSP is committed to revealing the civil liability and criminal exposure of Shariah law and Shariah-compliant finance.
WHAT IS SHARIAH LAW?
Understanding Shariah law is integral to understanding the dangers of Shariah-compliant finance. Shariah law is Islamic law dating back to the 7th century and is today the law of the land in Saudi Arabia, Iran, Sudan and the law under which the Taliban operates. Recent polls reveal that only 10-15% of Muslims worldwide want to live under this all-encompassing system of Islamic jurisprudence that covers all aspects of a Muslim’s life including religious, social, political, and military obligations. However, with a current population of 1.5 billion Muslims, this translates to a huge pool of Jihadist recruits and supporters - a base of approximately 150 - 225 million Muslims. Shariah law authorities, some of whom are now being paid handsomely by Barclays, Dow Jones, Standard & Poors, HSBC, Citibank, Merrill Lynch, Deutschebank, Goldman Sachs, Morgan Stanley, UBS, Credit Suisse and others have the power to dictate Shariah compliance as deemed by “scholarly consensus” on matters of finance, family, penal law, apostasy, and war. Examples of authoritarian Shariah law include: requirement of women to obtain permission from husbands for daily freedoms; beating of disobedient woman and girls; execution of homosexuals; engagement of polygamy and forced child marriages; the testimony of four male witnesses to prove rape; honor killings of those, principally women, who have dishonored the family; death to apostate Muslims who chose to leave Islam; inferior status of non-Muslims, and capital punishment for those “slander Islam.”
Subscribe to:
Posts (Atom)