"Sharia Finance Part I"

Jihad Comes to Wall Street “Sharia finance" will do exactly what it promises, financing the spread of Cultural Jihad, Sharia law, oppression, and terror.

By de Andréa

On January 14, 2008, I published an article titled Global Banks Romance Islam the beginning of the article read: Doing Business with the Devil…

It went on to say:
Either global bankers are seducing Islamic dictators, or vice versa. Even so, the result will be the same:

Part of the surreptitious infiltration and cultural jihad of the west is the Islamic/Sharia Banking System, It is coming to the United States and other western nations near you, thanks to global banks such as Citigroup, HSBC, Deutsche Bank, Morgan Stanley, and Goldman Sachs.With Great Britain now ignorantly and blindly pledging to become the Islamic banking center of the world, the global banking stampede to enter the world of Islamic Banking is well underway. Yes, they are falling all over themselves in the courtship of Muslim money. You can read the rest of the article by clicking on the title above…

“Islamic Cultural Jihad” is infiltrating absolutely every facet of American and European society. This, of course is outlined in the Quran as part of the plan to dominate the world. The blindness to this obvious undertaking is a result of multiculturalism, political correctness, greed, complacency, and apathy, followed by a fatal and timely dose of Islamic deception.

Even if you have seen Geert Wilders’s film Fitna, you may not have noticed a single headline amongst all the bombings, beheadings, and earnest expressions of Islam’s eventual world domination: titled--Halal-fund: investments for Muslims. The investment vehicles referenced to, are an essential part of Islam’s effort to infiltrate itself into Western societies in order to take control and destroy them from within.

Wall Street, barely out of the woods from its disastrous run-in with sub-prime mortgages, and having lost one of its historic investment houses, Bear Stearns, in the process, is now chasing the very kind of “Sharia finance” against which Wilders's movie warns us of, a business line that will eventually wind up being even more calamitous than the recent sub-prime-mortgage fiasco.

We are blinded by greed, to the deception of Islam
For the growing army of its acolytes, who salivate at the prospect of tens of billions of dollars in transaction fees from the burgeoning industry, Sharia finance is seen as little more than a warm-fuzzy Islamic version of socially conscious investment with so-called ethical strictures forbidding usury (controlled return) and sin industries (anything against Sharia law), and emphasizing charity for any profits (contributions to terrorists organizations). Indeed, a conference on the subject last fall co-sponsored by the Wall Street Journal was titled just that, “Islamic Ethical Investment.” According to this rosy interpretation, Sharia finance is a windfall for capital markets, allowing Wall Street to skim some of the fat off of the gravy of petrodollar liquidity in the Middle East, and put it to good use.

I see Sharia finance as a massive subversion campaign by Islam designed to legitimize Sharia law in the West, to undermine our markets, and ultimately to imperil our free-enterprise system and national security, all the while exposing banks to financial risks that make the sub-prime fiasco look like a bad choice at a garage sale. For its proponents and ideological enablers such as the well known suicide-bombing advocate, Sheikh Yusuf al-Qaradawi, Sharia finance is nothing less than “Jihad with money.” As al-Qaradawi explains, “Allah has ordered us to fight the infidels with our lives and with our money.” Unfortunately for Wall Street, it’s hard to argue with the good sheikh on that score. Far from being a guide to ethical investment, Sharia finance, as everything else in Islam is indistinguishable from Sharia law itself.

Sharia law is a reactionary-to-the-core, medieval Islamic doctrine, that claims control over every aspect of every ones life. It imposes such “ethical” mandates on everyone as the obligation to discriminate against women and non-Muslims; to kill homosexuals, adulterers, and apostates; to establish and maintain Muslim rule around the world; and to carry out violent offensive jihad against infidels. Notably, for those Muslims who cannot engage in physical jihad using force of arms, Sharia requires that they support jihad financially for those that can. This is what Sharia finance is all about.

Far from being a legitimate investment vehicle, Sharia finance facilitates religiously sanctioned support for terrorist organizations, as well as providing Islamists with highly paid sinecures as Sharia-finance board advisors in the sanctum sanctorum of capitalism, all the while that they are pursuing a subversive campaign to destroy it.

We are financing our own demise.
Predictably, because of the ignorance of the west and deception of Islam, none of this is even remotely disclosed by any of the dozens of Western banks promoting Sharia finance today, which obviously exposes them to huge non-disclosure risks ranging from fraudulent misrepresentation, to material support for terrorism.

Consider the board chairman of the Dow Jones Islamic Index (IMANX), one Mufti Taqi Usmani. Mr. Usmani is widely reputed to be one of the world’s top experts on Sharia finance. Whatever his stock picking abilities may be, they are dwarfed by his Jihadist credentials. A key executive of Pakistan’s prominent Deobandi Jihadist factory, the madrassa Darul Karoom Karachi (currently headed by his brother, Rafi Usmani), Taqi Usmani has openly advocated Jihad by Muslims in the West, and just last month again publicly endorsed suicide bombing and the Taliban.

Since Sharia-finance funds like the IMANX may invest in companies that are not completely halal — that derive their profit from interest or other Sharia-prohibited activities — returns on investment in those companies must be purified by donating a portion of that ROI to charity (Muslim charities are a code word for terrorist organizations). More often than not, it is people like Usmani who are paid lucratively to sit on Sharia-finance boards in order to determine what charities will receive the Sharia-finance institutions’ donations — and I can assure you that the March of Dimes is not among them.

IMANX itself is owned and operated by the North American Islamic Trust (NAIT), an organization listed as an un-indicted co-conspirator by the Department of Justice in a recent terrorism-finance trial, which ended in a mistrial, of the Holyland foundation and the Muslim Brotherhood, and the proprietor of hundreds of radical mosques and Islamic institutions in the U.S., including some that have been closed down by the government as terrorist enterprises.

The chairman of both NAIT and IMANX, Bassam Osman, has been the top executive of terrorist-funding organizations like the Quranic Literacy Institute (suspected financiers of Hamas whose assets were seized by the U.S. in 1998) and the Islamic Academy of Florida (founded by Sami al-Arian, a convicted financier of Palestinian Islamic Jihad, a terrorist criminal enterprise), and is a board member of other un-indicted co-conspirators like the Islamic Society of North America (ISNA). --- Is Dow Jones aware of all this? Of course not, mainly because they don’t want to, so they turn a blind eye.

The IMANX marketing slogan is “Markets Fluctuate. Principles Don’t.” Judging by the ideological principles of those involved in its leadership, which is precisely what Wall Street — and the West — should fear.

The legitimization of Sharia law in the West and its gradual imposition in Muslim communities and beyond is a key objective of Sharia finance, and there is no doubt it has already made huge strides. Indeed, the precedent of legal Sharia-finance transactions was used by the hapless Archbishop of Canterbury to buttress his argument that replacing British law with Sharia law in the United Kingdom was unavoidable.

Given the reality of malignant Islamism now spreading into our own capital markets to the loud cheers of the same Wall Street masters of the universe who gave us sub-prime mortgage securitization, Americans have a right to ask: Where are the U.S. Treasury Department and the SEC, whose job it is to protect our markets? Given the outright fraudulent misrepresentation of the potential liabilities of Sharia-finance funds under existing regulations, they will not interfere because they too are deceived.

THE BOTTOM LINE: The unholy alliance between Islam’s Sharia financial Jihad and global banking may be the final leg on Islam’s age-old quest for global domination. Do not be surprised at the silence of the global elite the next time you hear Islamist mobs chant “Death to America,” their goals are now obviously intertwined with the Nation of Islam and their Sharia law. When you begin to see the crescent moon and the eastern star or the face of Allah printed on our dollars, and because we already have three Muslims in Congress it might just be too late by then to say something to your congressional representative. If you care about America and the future of your children, now might be a better time.

If you would like to join with me and other informed Americans in the fight to save our Liberty, check out ACT for America , and support Brigitte Gabriel in her fight to save America from the terrorism and oppression of Islam.

de Andréa