Islamic banking should have us all concerned

What is radical Islam up to?

Look no further than the international banking system to find signs of creeping Muslim radicalism. Radical Islam is infiltrating the very highest ranks of the international banking system:

• The Bible warns that “… the love of money is the root of all sorts of evil” (1 Ti. 6:10) So, just when you think you’ve just about seen it all, something even more shocking turns up.
• Global bankers and Islamic dictators are seducing each other. And regardless of who seduces who, the result is the same: Islamic/Shari’ a banking is coming to the United States and other western nations, thanks to global financial giants such as Citigroup, HSBC, Deutsche Bank, Morgan Stanley and Goldman Sachs.
• With Great Britain now pledging to become the Islamic banking center of the world, the stampede by other global banks to enter the world of Islamic banking is well underway.
• Western banking met fair lady Islam many decades ago, but only began to sleep with her a few years ago. Since then, their affair has become wanton and open.
• The implications for the west, and especially for the United States, are staggering. Because all Islamic banking products must be created and offered according to strict Shari’a law, global banks are doing for Islam what Islam could never do on its own: give legitimacy to Shari’a in the west, infiltrating it into the fabric of western society.
• Simply put, “Islamic banking and finance” creates, sells and services only products made in strict accordance with Shari’a.
• “Shari’a finance” covers the practices of banking, investment, bonds, loans, brokerages, etc.
• To insure Shari’a compliance, banks must hire Shari’a scholars to review and approve each product and practice as “halal”, the Muslim equivalent of kosher in Judaism.
• Because there is a shortage of such scholars, there is competition between banks to find the best Shari’a scholars to sit on their boards of directors.
• This provides the highest legitimacy to each “halal” ruling because it is made at the directorial rather than the managerial level.
• It should be noted that most of these scholars are from the school of radical Wahhabi/Salafi Shari’a in Saudi Arabia and elsewhere. They hold views which are diametrically opposed to the basic values of Western civilization.
• Shari’a finance has many differences from orthodox banking: Notably, it cannot charge interest (usury) and it calls for alms giving (zakat). It also calls for avoidance of excessive risk and may not be associated in any way with gambling, drinking alcohol, eating pork, etc.
• Zakat demands a tithe of 2.5 percent of revenue to be donated to Islamic charity. If western banks follow this rule, the dollar volume of these contributions will be enormous. It is certain that a portion of this money will end up in the hands of radical Muslims who are sworn to destroy the U.S. and replace its government with Shari’a law.
• Shari’a is the legal and judicial system of Islam. It is brutally imposed on many Islamic countries in the Middle East. It is the specific embodiment of the totalitarian ideology practiced by the Taliban, Iranian Mullahs and Saudi Wahhabis.
• For non-Muslims, Shari’a is best known for its medieval brutality of its court system. Many rulings handed down by Shari’a courts have shocked the western world.
• Case in point: the December, 2007 “teddy bear” case in Sudan, where a British teacher was sentenced to 40 lashes and a year in jail for allowing her students to name their teddy bear “Mohammad.” Islamic mobs demonstrated in the streets and called for her execution.

Get The Full Scoop

Global Banks Adopting Islam
By Patrick Wood

[These links tend to become inactive over time. If this has happened with the above link, you can conduct a Google search by clicking here.]

Our Take

International bankers long ago proved themselves completely amoral in the conduct of their business. This frightening new report confirms it again. Radical Islam appears to be effectively engaged in acquiring for itself the combined support and encouragement of the global banking community. But don’t take our word for it – read the whole story for yourself. Low Islamic rates of interest may just be the teaser that seduces us today, in exchange for a balloon payment years from now which we make in a currency far more precious than dollars: our lost liberty.

BACK TO: Terror CoverUps * Media CoverUps * PlayingPolitics.com

Exterminators.com * InvestmentBanker.com * Romances.com