Monday, April 28, 2008

Storm Track Infiltration: Countering the Threat of Shariah Finance

The objectives of the non-violent jihad are the same. Imposing, one way or another, Shariah law on a society. The strategy and so far successful attempts at instituting Shariah fiancé in non-Muslim societies is just another way to inflict casualties on our traditions, cherished values and way of life.

These non-violent jihads have been pretty much ignored by our political leadership but some see to be waking up to the threat.

Radical Islamists not only want to destroy America with bombs and weapons of mass destruction, they also are infiltrating U.S. financial markets and influencing the flow of credit and capital, according to the Center for Security Policy (CSP), a conservative think-tank.

CSP President Frank Gaffney, a former Reagan administration assistant secretary of defense, has launched a national campaign to counter what he calls "an insidious threat" -- shari'a-compliant finance.

He says U.S. financial institutions and businesses engaged in shari'a-compliant financing are exposing themselves to civil and criminal liability. That type of investment poses a serious risk not only for U.S. financial institutions but also for ordinary investors and the national security of the United States, he said.

Shariah Finance Watch defines Shariah-compliant finance as a threat to our national security.

Islamists are attempting to impose Shariah Compliant Finance (SCF) on Western institutions to use our own financial strengths against us. The most serious problem with SCF is that it legitimates and institutionalizes Shariah law (i.e., Islamic law), a theo-political- legal doctrine violently opposed to Western values. With $1 -$2 trillion petrodollars annually looking for an investment home, blind exuberance is driving financial institutions to adopt SCF, without even a minimal baseline for legal compliance. This willful blindness, and lack of both transparency and due diligence may cause SCF to be the next sub-prime crisis, but this time with deadly consequences.

Gaffney agrees.

Gaffney said shari'a-compliant financing "legitimizes and institutionalizes" repressive Islamic law that conflicts with Western values.

"Shari'a-compliant finance, also known as 'Islamic finance' or 'Islamic banking,' is a vehicle for effecting in America and in other Western capital markets, what its proponents have called 'financial jihad' -- a kind of soft jihad, but one arguably going after the lifeblood of our capitalist system and economy," Gaffney told a briefing of Capitol Hill staffers Friday at the National Press Club in Washington, D.C.

Outside of using our western finance system to exert control over us, there are more insidious threat to consider.

To offer these products or investments as shari'a-compliant, financial companies must submit to "shari'a advisers"-- almost all of whom are Islamist ideologues. Many of the advisers are dedicated to the destruction of the United States, Gaffney said.

These advisors "bless" the products or investments, certifying that they have been modified in such a way as to involve no interest payments, no speculation and no investments in proscribed items such as pork or alcohol or tobacco.

"It puts (Islamist ideologues) in a position whereby they can steer very substantial capital and credit flows to activities they favor - and away from activities they don't favor," Gaffney said.

The boards frequently are made up of shari'a "advisers" who are either Islamists or have ties to Islamist organizations such as Hamas or Hizballah, Gaffney said.

There’s a very informative article on Shariah finance that you should read over at Gates of Vienna. Read it then sleep tight tonight knowing your brokerage firm may be involved in bringing forth the next Caliphate and Shariah law.

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  • I am having a lot of trouble with comprehending the struggle against Shariah finance. It's not only because I find the material fascinating.

    What I find interesting is how everyone looks outward when talking about the threat to our national security and our financial industries.

    In a multi-polar world, money will come in and go to anywhere in the world. Catholicism and its investments have mandates. The French have mandates regarding their investments into banks. The Dutch have mandates. So do the Afrikaans of South Africa.

    These terms are really more about financing than they are about religion, but it seems the unfamiliarity that Americans have with the fundamental faith-based orgins of the financing is causing people to think in paranoid terms about the impact this will have on America's financial system.

    That dismantling and leveling out will happen to America regardless of whether it's the "jihadis" doing the financing.

    Global world, global finance, global exchange of ideas and currencies, investments and financing.

    Johns Hopkins is already endowed with billions from Islamic financiers. They are still teaching medicine, as far as I know.

    Greenberg, South Carolina, invested with billions in shariah financing. Cars are still traveling on the highways, and women drivers have their share of the road.

    This is not about religion.

    This is about sustaining a nation state in the face of a nation-state erasure caused by global financial needs.

    Where would you rather be in 2050? Would you ilke to live in a world that is only about Chicago or Detroit, or Palm Springs? Or do you want to make money and invest in a world? That would have to include Beijing, New Delhi, Abu Dhabi and other [gasp] cities where brown people live.

    By Blogger DBC, at 10:15 AM  

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