I thought Shariah banking was already in the states to accomodate M.Eastern businessmen. Seems i read about that some time ago. I suspect it’s not been vastly reported about but some banks already have that option. Likley the M.Easterners know which ones as well.
Yes, they do, and there are shariah stock market options as well. But as a rule, WE don’t use it...and wouldn’t unless we had no choice. One of the things about shariah banking and stock market trading is that anything that even remotely has to do with Israel is excluded. The alternative banking system would completely shut Israel out and bleed her dry.
Ever wonder about the amazing number of banks here and in Europe that have failed? Ever wonder why the Saudis were so involved with bill clinton and BCCI? Why the saudis were such good friends with bush daddy? george soros?
Why carlisle and haliburton relocated their corporate offices to dubai? Among many, many other things.
I coined the phrase “economic terrorism” before anyone else even thought about it...by at least two years.