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"The Treasury has made changes in the tax law to accommodate Sharia products..."

The UK Government is actually changing their laws to suit Sharia Banking or as a terrorist calls it "jihad with money". Mayor Bloomberg is doing his best to accomodate them but is our government? Is sharia banking "to big to fail" in the US?

1 posted on 08/31/2010 12:42:28 PM PDT by bronxville
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To: bronxville

“Qatari Sheikh Yusef al-Qaradawi, has actually called SCF-generated zakat “jihad with money.””

Elena Kagan’s Sharia Red Flag
Frank Gaffeny
June 2010

[...]Worse yet, Dean Kagan had an even more direct connection to the Saudis’ Shariah-recruitment efforts at Harvard. She personally officiated in 2003 over the establishment of an “Islamic Finance Project” at the law school itself. The Project’s purpose is to promote what is better known as “Shariah-Compliant Finance” (SCF) by enlisting in its service some of the nation’s most promising law students.

Consequently, it is absolutely appropriate for senators to explore Elena Kagan’s attitude toward Shariah — an anti-constitutional, supremacist legal doctrine that is not only a threat to homosexuals, but to our civil liberties and society more generally.

Shariah-Compliant Finance dates back to the 1940s, when it was invented by leading figures in the Muslim Brotherhood. This international organization has as its stated mission “destroying Western civilization from within . . . by its own miserable hand.”

SCF is designed to further these seditious purposes by: legitimating Shariah in non-Muslim societies; compelling non-Shariah adherent Muslims to use SCF, rather than conventional financial products (in particular, arrangements that involve charging or paying interest); and diverting funds through techniques known as “zakat” (tithing) and “purification” to support jihad.

In fact, one of the driving forces behind the SCF industry, Qatari Sheikh Yusef al-Qaradawi, has actually called SCF-generated zakat “jihad with money.”

Ms. Kagan’s Islamic Finance Project also has played a prominent role in encouraging the U.S. government to endorse Shariah-Compliant Finance. Notably, a founding adviser to the Project, Harvard professor Samuel Hays III, conducted a “seminar for the policy community” in November 2008. It was sponsored by a former Goldman Sachs executive-turned-assistant treasury secretary, Neel Kashkari, who at the time was responsible for the Troubled Asset Relief Program (TARP).

The signal thus sent could not have been clearer, either to Kashkari’s colleagues in government or those in the financial sector: At a moment when the very viability of major banks and investing institutions critically depended on this individual’s favor, it would be advisable to embrace Shariah-Compliant Finance.[...]
http://www.newsmax.com/FrankGaffney/Elena-Kagan-Shariah-Islam/2010/06/21/id/362600

Elena Kagan, now a supreme court justice, aided and abetted the “jihad with money” terrorists. Thomas Moore has a case which may reach the Supreme Court - how will Kagan judge it?


2 posted on 08/31/2010 12:45:50 PM PDT by bronxville
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To: bronxville

another wing of Jihad....


3 posted on 08/31/2010 12:46:20 PM PDT by himno hero
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To: bronxville

Interesting that the HSBC bank was targeted a year or so ago in the bombings in Turkey. . . .

My hunch is that imans are telling their “congregants” not to deal in Western banks, even if Sharia compliant. Western banks probably have the audacity not to launder the deposited monies to fund terrorist groups.


4 posted on 08/31/2010 12:48:18 PM PDT by JoyjoyfromNJ (Psalm 121)
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To: bronxville
The main aims of Islamic finance include the avoidance of riba, or usury, and making sure that money is not used to support industries considered to be unethical, such as alcoholic beverages, pornography and gambling.

Well, there's you problem.

6 posted on 08/31/2010 12:49:41 PM PDT by MAexile (Bats left, votes right)
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To: bronxville

There is no doubt that even now our government is working feverishly to create this sort of thing in the USA. We will find out about it when it is too late.

It is a phoney fraud. Instead of charging “interest” they raise some other fee and don’t call it interest.

I can also guarantee you that we will be working harder to cough up more money to pay for the additional costs that this sort of thing causes.


12 posted on 08/31/2010 12:58:47 PM PDT by Leftism is Mentally Deranged (Annoying liberals is my goal. I will not be silenced.)
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To: bronxville

Wow..............imagine that. ACT for America is a good source of information on this issue.

I guess being pro-life and not wanting my money helping others abort their burden, as The One would say, is just pure silly compared to this shariashiit


13 posted on 08/31/2010 1:07:20 PM PDT by MotherRedDog
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To: bronxville
Join our Ramadan savings club and get a free sharia compliant rod to beat your wives.
15 posted on 08/31/2010 1:09:25 PM PDT by The Great RJ (The Bill of Rights: Another bill members of Congress haven't read.)
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To: bronxville

I wonder if Bank of America is applying Sharia to US citizens cuz that’s how they’ve been treating me, a female card holder....like I need my daddy’s permission to buy wireless mouse.


17 posted on 08/31/2010 1:24:47 PM PDT by MissyMack66
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