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The commentary below, which includes a reference to Brigitte Gabriel, appearedTuesday on a Muslim blog. The blogger identifies himself as “Prisoner of Joy,Nusantara.” If you click on the title below (US Fears the Emergence of ShariahBanks) you will see a picture at the top of the site. The picture is a singlefile group of armed men, presumably jihadist warriors. Below the picture is aquote from the Qur’an.
Sharia compliant finance, an arm of sharia law, is spreading across the world.The meltdown of financial markets around the world is only serving to open thedoor wider to this tentacle of cultural jihad.
Tuesday,October 14, 2008
USFears The Emergence Of Shariah Banks
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America, which is renowned for its extremism towards Islam and being like agrouchy granny she was lately, is now talking incoherent again by warning its citizensabout institutions and banks which claimed to be managing finances inaccordance with the Islamic shariah.
The ailing US claimed that such an institution or bank posed danger to thenational security of the US, because they are supporting as well as financingall forms of violence. The same call was also made by conventional banks in theWest. They charged that those institutions could threaten the economy of Europeand the West.
They alleged that Islamic institutions and banks were having a part infinancing violence acts, always referred to as "terrorism". Theorganizations of The Right Alliance of the USA which is notorious for beingradical, also called for a formation of a special congress to debate andexpress the danger of those institutions and banks.
One of the leaders of the US organizations who are known for his extremismtowards Islam, Brigitte Gabriel, said, “The orthodox Muslims are attemptingto form institutions and banks which claimed to be managing finances inaccordance with the Islamic shariah in order to bring the economy of the Westdown and fight us.”
The US assessed that property management in accordance with the shariahis a radical political doctrine and is a very dangerous issue, besides being aplayer in the financing of the “terrorist movement”.
“The shariah banks’ investments in the US today have already reached $800millions, meaning millions of dollars from those profits are used to financethe terrorist movement. The movement that causes destruction and threatens theUS economy,” one of the radical organizations in the west claimed.
This is just one of their pathetic attempts to discredit Islam and Jihad aswell as to disunite the Islamic ummah. In the current breakdown of the globalcapitalist market condition, Islamic Finance continues to appeal tobusinessmen. Even the non-Muslims are venturing into islamic finance. Believeme America, those people are not stupid!
Islamic Banks Flooded With Bankers
Islamic banks were now flooded with customers to deposit their money in thebanks. They felt that the Islamic banks would get away unscathed from theliquidity crisis that is crushing the world at present.
There are a number of reasons behind the effectiveness of Islamic banks inevading the losses caused by the global crisis, namely by managing those banksin accordance with the system of the shariah which forbids interests anddoes not allow dependency on bank loans.
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An Islamic bank officer in England, Stephen Amos, verified the impendingsignificant increase of Islamic bank customers. According to him, there havebeen an increase in the number of customers lately, not only from the Muslimsbut also from amongst the non Muslims.
An expert in economy from Bangladesh, Azizul Haq, said, "Islamic bankscould save the world in finding solutions which are effective in solvingfinancial problems."
At the moment, at least 300 Islamic banks have already spread all over theworld. Their assets have been estimated to reach $800 million. Experts ineconomy estimated that by the year 2013, the assets of the Islamic banks wouldreach trillions of dollars.
Read also: Allah SWT’s Punishment Hovering Over America Posted by Prisoner Of Joy at 5:09AM
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