Islamic banking (sharia) is not the answer

CreepingSharia ^ | 12/17/08 | Creeping

[Sammy67]

If “cash is king,” then Middle East coffers are irresistibly enticing. During a recent tour of Saudi Arabia and the Gulf states, Deputy Treasury Secretary Robert Kimmitt applauded the “growing role” of Arab banks in the U.S. economy. Treasury is seeking buyers for its newly acquired bailout assets because more than $1 trillion in cash is urgently needed to rescue the largest U.S. banks.

However, cash from the Arabian Gulf comes with a vital string attached: Islamic banking, erroneously viewed as an ancient practice. In fact, Islamic banking is a newly invented institution: “Neither classical nor medieval Islamic civilization featured banks in the modern sense, let alone ‘Islamic’ banks,” notes Timur Kuran, professor of economics and law at the University of Southern California. According to the Dinar Standard, “assets managed by Islamic banks are in excess of $700 billion - predominantly concentrated in the Middle East.”

Islamic banking took off in the 1970s, but was first concocted by Muslim Brotherhood founder Hassan al-Banna in the 1920s. The stated goal was to penetrate the Western finance system, corrupting it from within in hopes of

[silverleaf]

If we HAVE to accept sharia law, then let’s begin with public stoning for adultery and cutting off right hands of thieves

and let’s start with the people serving in elected office

[ScottinVA]

I will never accept sharia in any form.

[DieHard the Hunter]

If sharia finance provides a mechanism to separate the beggars from their money I am certain somebody will be looking seriously at it.

[HighlyOpinionated]

Muslim Brotherhood founder Hassan al-Banna
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That’s Joe Banana’s Cousin, 6 times removed, right?

It’s ALL a hoax and the American Public is falling for it, hook, line and sinker, because “they’re too self-absorbed to notice what’s happening outside their little comfort zone.”