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Tuesday, January 18, 2011

Jihad by the Wallet, Pt 2

Of the many forms of jihad, the financial jihad may be the most insideous.  A good number of the financial institutions which benefitted from the bailout money we the taxpayers unwillingly gave them are now sharia-compliant.  Sharia finance does not allow for any kind of interest on money borrowed, instead a lump sum is paid on the money used.  It seems innocuous enough on the surface, yet it is a truly Islamic-driven financial system, one which, sinceit is in compliance with sharia law, is incompatible with the US constitution.  Nontheless, US lawyers argues successfully that the money AIG received, and partially used to set up a sharia-compliany division within AIG did not promote Islamic religious doctrine.

That is just plain silly.  Since islam is an all-encompassing ideology which governs every aspect of one's life, from the sexual to the financial, anything having to do with Islam is always having to do with Islam.  There is no separation of anything within Islam.  It is the perfect religion, and everything about it is perfect, so says Allah.

This ruling for sharia-compliant financing will give jihadists and Islamists another lever to pry away Western culture from the hands of it's docets, and replace it with Muhammads rules.


From Reuters Jan 18 by Shaheen Pasha

US legal win to boost Islamic finance -lawyers

Case dismissed against govt support of AIG's takaful ops

DUBAI, Jan 18 (Reuters) - Lawyers said a U.S. court decision to dismiss a case alleging AIG's (AIG.N) sharia-compliant businesses promoted religious doctrine, will boost confidence in the industry and lift sales of Islamic products in the longer term.

A Michigan district court rejected on Friday a claim filed by Marine veteran Kevin Murray in 2009 that the U.S. government violated the constitution by allowing funds from insurer American International Group's $40 billion bailout to be used to fund its Islamic insurance businesses.


Lawyers say the case is significant for the industry in the United States, which has struggled with a backlash against Islam, and is looking for support from the courts and government to promote Islamic finance as a legitimate business.

Reading the Qur'an and hadiths should educate them enough to understand how Islamic finance is NOT a legitimate business.  Will they educate themselves on sharia? 

(.)Islamic finance has been plagued by criticism in the U.S. that it is a means of funneling funds to terrorists or a plot by Muslims to spread a system of Islamic principles known as sharia has plagued the industry in the U.S.[ID: nLDE6971BO]
In his opinion, District Judge Lawrence Zatkoff, said the plaintiff did not prove that AIG's sharia-compliant businesses engaged in religious indoctrination.

And the problem with that statement is what exactly?  They do not say it is false, as a matter of fact that is a true statement so again, where is the problem?

Read it all

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