Posted on 04/03/2009 2:08:25 PM PDT by LSUfan
All too frequently, an article will appear in the news media extolling the virtues of “Islamic” finance as a way to protect wealth from the ravages of the current financial crisis. When we first came across a recent article in the Sacramento Bee, we figured that we had another case of this and were prepared to make a rather pedestrian posting about how Shariah-Compliant Finance has not in fact been the safe haven that some of its promoters maintain.
But as we dug deeper into the article, the more we realized that it contained clues to a much larger puzzle.
That’s largely because of the complete lack of curiosity on the part of the reporters and editors at the Bee. This is unfortunately rather typical. So many of the articles on “Islamic” finance amount to fluff pieces which seem like nothing but regurgitations of marketing brochures and public relations press releases.
What makes the situation regarding this particular article so aggravating is the fact that just drilling down slightly raises all sorts of questions, yet the Bee didn’t bother:
(Excerpt) Read more at shariahfinancewatch.org ...
Sounds like more Bee-S from the Sacramento Bee!
Broken link?
Good report!
it is not Supprising that the Bee is a leftist Rag....
all these papers deserve to die off....
Baloney? It’s morelike bull shi’ite..
Islamic finance only works because Allah is too stupid to do math.
Our Christian God not only can do math, but He realizes when you are attempting to play Three Card Monty with His rules.
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