Global finance completely compromised. “Report Shows How HSBC Maintained Its Ties With One Of Osama Bin Laden’s Key Benefactors,” by Linette Lopez for Business Insider, July 17 (thanks to Twostellas): Yesterday, the Senate released a report on HSBC’s ties to the darkest actors in global finance. Today, the details of the 335 page investigation are […]
Haraam – What Islam hates about the West
By Jennifer Bonne One of the reasons Islam can never integrate with Western society is because so many things that make up the basic freedoms people in the West enjoy are against the teachings of Islam. Islam has a word for things that it considers ungodly or immoral – Haraam, which means ‘forbidden’ in Arabic. […]
Ireland may be the first EU state to sell Islamic bonds
Ireland, of course, has been in financial trouble, and appears willing to chase after the “next big thing” at the expense of principles to see some income. In all likelihood, Sharia finance will eventually bubble and burst like every other wave of irrational exuberance in the financial sector, and economies that pursued it will be […]
Indonesia selling Sharia-compliant Islamic bonds today
Sharia-compliant Islamic bonds. The means compliant not just with Sharia’s rejection of interest, but with its denial of the freedom of speech, the freedom of conscience, and the equality of rights of women and non-Muslims. So the posters above can kick off the ad campaign. “Indonesia to Sell Seven-Year Global Islamic Bonds Today,” by Elffie […]
Geller: Father and son jihadists
In “Father and son jihadists” in World Net Daily, August 30, Pamela Geller discusses Umar Farouk Abdulmutallab, the Christmas underwear bomber, and his rejection of American law for Islamic law — as well as the little-noted Sharia activities of his “moderate” father in Nigeria: Umar Farouk Abdulmutallab, the Christmas underwear bomber, is back in the […]
U.K.: Muslim groups demand Sharia-compliant student loans, because paying interest is against Islamic law
This was surely in the works anyway, but the timing is noteworthy as interest rates on student loans are set to become more expensive next year in Britain. “Separate” will indeed be unequal, and anything that doesn’t err on the side of resulting in a better deal for Muslim borrowers will likely be decried as […]
Nigeria: Catholic and Anglican bishops condemn “governance by ambush” in imposition of Sharia banking, negotiations with Boko Haram
They know the stakes of the Islamization of Nigeria. For them, unlike some of their Western co-religionists, this is no experiment, and no drawing room discussion of what Sharia could/would/ought to be. They have to deal with it as the supremacist threat that it is to freedom of religion, worship, speech, and conscience. “Bishops condemn […]
Supreme Council for Sharia in Nigeria warns Christian community not to resist Islamic banking, or face group’s wrath
A sternly worded letter? No, they say they “would rather go to war” than give up their campaign for Sharia finance. “Muslim group says no going back on Islamic Banking,” by Tony Akowe for The Nation, July 24: A Muslim group in the North yesterday threatened to defend the implementation of the Islamic Banking system […]
US worried about jihad terror activity in UK Sharia banks
This is a concern only in Britain? And does anyone care now, or did they only care in 2006? “US terrorist concern on UK sharia banks -WikiLeaks,” from Reuters, March 15: LONDON, March 15 (Reuters) – U.S. authorities expressed concerns that Britain’s growing sharia banking sector may be exploited to channel funds to terrorists, the […]
Michigan court ruling boosts Islamic finance
District Judge Lawrence Zatkoff said that “the plaintiff did not prove that AIG’s sharia-compliant businesses engaged in religious indoctrination” and drew a “distinction between sharia-compliant business as a financial model and overall Islamic law.” But in actual Islamic law, no such distinction exists. And that’s what’s wrong with Zatkoff’s ruling, and the reason why, if […]