Shariah Banking, waiting for YOU!
Posted on 07/03/2009 1:09:50 AM PDT by MestaMachine
Islamic banking is becoming increasingly accepted as a viable and fair alternative to the current "Western capitalist" banking system. European governments, including the UK's, are embracing Islamic banking. Gordon Brown recently declared that it was his desire to make Britain the Islamic finance capital of Europe. A number of leading UK banks now offer sharia-compliant financial services and the Treasury is considering the implementation of the sukok, or sharia-compliant, bond. Such moves fail to recognise Islamic banking for what it is — a modern Islamist construct, designed as another wedge between Western Muslims and their societies.
Since the recession, Islamic banking's supporters have been seizing the opportunity to present it as not only a more moral option, but as an economically safer one. But there are three questions that need answering: How is Islamic banking different? Who are its biggest cheerleaders? Why are they pushing for it?
SNIP
The first detailed and comprehensive argument for the creation of a sharia-based financial system was articulated by the Pakistani journalist and thinker Sayyid Abul-ala Mawdudi (1903-1979), one of the godfathers of modern jihad and the founder of the Jamaat e-Islami (JI). For Mawdudi, the answer to the perceived ills of Muslims around the world was to be found in a return to the days of Muhammad. He identified western concepts, particularly secular liberal democracy, as an existential threat to the umma (the worldwide Muslim population, conceptualised as a monolithic political bloc) and his answer was twofold. First, Muslims had to identify themselves first and foremost by their religion and therefore separate and isolate themselves from the "unbelievers". Second, Muslims had to engage in jihad to reclaim formerly "Islamic lands" and eventually establish global supremacy. Mawdudi believed that Islamic finance was one of the essential cogs of a totalitarian Islamic state.
(Excerpt) Read more at standpointmag.co.uk ...
It is happening here. If you care what is happening to you, to this country, please read this. It's detailed but you need to understand this.
Thanks for posting an excellent article with one of the clearest analyses I have read of this. What I didn't realize was what a relatively recent concept it is, starting only in the early 20th century with the rise of Islamism.
And of course the West is dancing merrily down the road to the Muslim tune.
Thank you very much for taking the time to read this. It is so vital for Americans to understand this concept. They see it, but don’t know what it is as it slips into our lifeblood under the radar.
If we are going to maintain our freedom, we desperately need to be educated about islam, the muslim in the White House, and what we are devolving into before there is no turning back.
I don’t have a ping list. Help please!
Gordon Brown is either an incompetent f-wit or he is secretly a Muslim. For too many Brits their only interest is Da Booza or ‘wat’s appenin in da fotbol, darlin!’
They are eating bread and watching the circus while the Moolims cut their throats. IDIOTS!
Mel
This ought to give one pause.
NO cheers, unfortunately.
Saying it again, I think Islam is the Mark of the Beast. Can’t buy or sell anything without it...Sharia financing?
HSBC and AIG and etc., and now a Shariah Index on Wall Street. It was AIG that started this meltdown FROM Britain.
We have already been invaded.
That IS what they are attempting to do, exactly.
Shariah? MOMMA MIA!
Lay off on the generalizations...
Islam is no more homogeneous than Christianity.
I’ll say what I want thank you very much.
And the fact that you equate Christianity with Islam is a sign of ignorance as far as I’m concerned.
I haven’t seen Christians in this day and age lopping off heads with a dull knife just because they aren’t Christian. I haven’t seen women stoned to death by a religious government because she dared to walk outside by herself.
I think you should rethink your opinion regarding Islam.
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