Sharia Law, Sharia Compliant, Sharia Finance. Still not enough info from part 1? Allow mean to expand your knowledge base...
Sharia Finance (Islamic Banking), creates, sells and services products that are in stringent accordance with Sharia Law. In Islamic culture, it involves the practices of banking, investment, bonds, loans, brokerage and more.
Did that sink in? It's all in accordance with Sharia law...
I believe Frank Gaffney, the founder of Center for Security Policy, laid it our clearly. In response to an Al Jazeera reporter's question about why he, and the Coalition To Stop Sharia (created by Gaffney and Robert Spencer) is opposed to a "government initiative...that would bring trillions of dollars into strapped Western investment banks," Gaffney, in essence, explained:
Sharia Finance is not benign, but promotes Sharia Law, a draconian form of law that promotes the violent overthrow of the US government.
Sharia advisors, vital to this business, are propagandists of Sharia. Some have called this business, "Financial Jihad."
Sharia advisors (Sharia Advisory Board) have at their discretion the ability to move funds to charities…organizations that have connections…with terror. The biggest problem is that today, the Treasury Department OWNS a substantial portion of the investment companies and would be investing in Sharia.
Sharia Finance is anti-capitalistic. It comes out of Sharia Law which is draconian, supremacist, misogynist and is anti-democratic. This financial system is closer to socialism, where you have the ruling class, and the surfs (that would be you and I).
Under Sharia Law, only men have the right to own land. Sharia law does not allow women access to real property. Under Sharia, a widow cannot inherit marital property. So, guess what, ladies...you want to own property? Your chances under Sharia Finance? Zero!
Both Gaffney and Spencer agree that the major problem with Sharia Finance is it gives legitimacy to Sharia Law. Indeed...and THAT is the primary purpose of this financial system. The implementation of Islamic Law...the complete and utter antithesis to our system. Sharia Law is the antithesis of our founding document:
"We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."
NO individual freedom under Sharia.
NO pursuit of happiness under Sharia (if you happen to be Jewish, Christian, a woman or any variety of infidel).
NO financial freedom under Sharia (entrepreneurs, you're out of luck).
More and more of our banks (yes the ones we bailed out with our tax dollars) are becoming Sharia-Compliant. Even our Treasury Dept. has held a seminar entitled, Islamic Finance 101.
So, with the election of legislators coming upon us with great celerity...consider where your candidates stand on Sharia Finance. Tarry not, for it will be at your own peril...because you never know when a Sharia Advisory Board member will come knocking on the door of your Sharia-financed home.
Shalom through strength...