This comes to us from the Canada Free Press (h/t Weasel Zippers) and it should give you pause when you think about filthy Wahabbists handling your money, international business loans, large currency transactions, stock trades....
Either global bankers are seducing Islamic dictators, or vice versa. Even if they are seducing each other at the same time, the result will be the same: Islamic/Shari’a banking is coming to the United States and other western nations, thanks to global banks such as Citigroup, HSBC, Deutsche Bank, Morgan Stanley and Goldman Sachs.
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 it could never do on its own: give legitimacy to Shari’a and infiltrate it into the fabric of western society.
So, you may ask yourself; Self? What exactly is Islamic Banking?
Simply put, “Islamic banking and finance” creates, sells and services products that are in strict accordance with Shari’a. In the Islamic culture, it is referred to as “Shari’a finance” and covers the practices of banking, investment, bonds, loans, brokerage, 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 expert to sit on their boards of directors. This provides the highest legitimacy to each ruling because it is made at the director rather management level.
The article also notes that; most of these scholars are from the school of radical Wahhabi/Salafi Shari’a in Saudi Arabia and elsewhere, holding views diametrically opposed to the basic values of Western civilization.
Yep that is what we need; something else diametrically opposed to Western Values.
Shari’a demands total and unquestioned submission. Its subjects are told that Shari’a is given by Allah and that whatever befalls them (good or bad) is Allah’s will. To question a judgment under Shari’a (right or wrong) is to question Shari’a itself and will only bring harsher punishment. If a person receives harsh punishment for something they didn’t do, the rationale is that Allah could and would have prevented it if that had been his will. This fatalistic and deterministic approach allows Shari’a rulers to get away with virtually any thing that enters their head.
That sure is a great system huh?
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.
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