Posted on 02/17/2008 9:30:54 PM PST by Historix
A new sharia law controversy erupted last night over Government plans to issue special "Islamic bonds" to pay for Gordon Brown's public-spending programme by raising money from the Middle East.
Britain is to become the first Western nation to issue bonds approved by Muslim clerics in line with sharia law, which bans conventional loans involving interest payments as "sinful".
The scheme would mark one of the most significant economic advances of sharia law in the non-Muslim world.
It will lead to the ownership of Government buildings and other assets currently belonging to British taxpayers being switched wholesale to wealthy Middle-Eastern businessmen and banks.
The Government sees sharia-compliant bonds as a way of tapping Middle-East money and building bridges with the Muslim community.
But critics say the scheme would waste money and could undermine Britain's financial and legal systems.
Senior Conservative MP Edward Leigh, chairman of the Commons Public Accounts Committee, said: "I am concerned about the signal this would send – it could be the thin end of the wedge.
(Excerpt) Read more at dailymail.co.uk ...
there are dangerous idiots in england as well as the united states who are working like termites to destroy them both
Allah is easily confused by tricky accounting.
Is China making burkas for British womanhood as we speak?
Will the Prime Minister be the first to pay the dhimmi tax? Has the Tower of London been converted into a minaret, yet?
England is going to appease itself right out of existence. Whoops, my bad. I already heard you’re not to refer to it as England anymore because liberals say its reflective of its past colonial past.
And yet Saudis invest heavily in our sinful banks such as Citibank.
They’re done for. No society survives a “separate but equal” economic system within their own borders. BTW, why on earth is a conventional loan “sinful” in the eyes of Islam?
Freaking morons.
Same reason it is for Jews and Christians: Thou shalt not lend unto thy brother at usery.
Before you mention "but, that's Old Testament Law", remember that Christ said he wasn't changing one jot nor tittle of The Law...though He was fulfilling the ritual sacrifices portions of it.
Nobody baulks at tithing as being 'Old Testament Law", but most churches collect tithes; in this case though, Christendom has redefined 'usury' to mean EXCESSIVE interest. Also depends on how you define 'your brother'. ;')
All that is the long answer.
The short answer: "Because MadMo said so!"
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