Monday, October 08, 2007

Keep Islam's Sharia Finance scheme out of our economy!

I have to be the first to admit that my knowledge of finance and international finance in particular is limited. But the following editorial is well-worth your time and for those of you who can explain it to me - even better. We have a Saudi prince who owns 5% or so of Fox News if my information is correct. We don't need Islam owning any portion of our stock exchange or Nasdaq. Please read below: The camel in the tent by Rachel Ehrenfeld and Alyssa A. Lappen, October 8, 2007.
"Objections to Borse Dubai's proposed acquisition of 20 percent of Nasdaq last week prompted Massachusetts Rep. Barney Frank to quip, "In the ports deal, the concern was smuggling something or someone dangerous... What are we talking about here — smuggling someone onto a stock exchange?" It is not "who" Dubai will smuggle into the stock exchange we should worry about. It's the arrival of the world's first Islamic stock exchange exerting unprecedented Islamic influence in the heart of the U.S. and Western economies that should raise our alarm. Dubai's handsomely paid Washington lobbyists see nothing wrong with that. Rather, they claim the deal benefits U.S. financial markets, giving "Nasdaq access to rich Mideast pockets." Unfortunately, the deal also increases the appeal and influence of Islamic financing in the West. What is "Islamic" finance? Islamic, or Shariah-based finance, is the 1920s invention of Muslim Brotherhood founder Hassan al-Banna. He ordered the Muslim Brothers to create an independent Islamic financial system to supercede the Western economy, facilitating the spread of Islam worldwide. He set the theories and practices and his contemporaries and successors developed Shariah-based terminology for "Islamic economics," finance and banking. Attempts by Muslim Brotherhood members in the early 1930s to establish Islamic banking in India failed. Egyptian President Gamal Abdel-Nasser shut down the second attempt in 1964, after only one year, later arresting and expelling the Muslim Brothers for attempts to kill him. Saudi Arabia welcomed them and adopted their ideas... Overseeing Shariah finance are the 1991-Bahrain-registered and -based Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), which laid the groundwork for the global Islamic financial network and the "de facto Islamic Central Bank"— the Islamic Financial Services Board (IFSB), established in 2002 in Kuala Lumpur "to absorb the 11 September shock and reinforce the stability of Islamic finance." Chairing the meeting, then-Malaysian Prime Minister Mohamed Mahathir stated: "A universal Islamic banking system is a jihad worth pursuing to abolish this slavery [to the West]." (emphasis added)
I urge you to read this excellent editorial. The writers point out just one more step in the move of Islam to conqueror the West and bring us to our knees - perhaps without the prayer rug but with the sword. Remember many of the practitioners of the "religion of peace" have sworn themselves to our destruction; they are patient and intent on destroying our Western Culture - even worse, they believe their time is now that is why we see the open push on all fronts. We can't let that happen...


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