Just added new section on the site with you tube videos to show what “they” (our enemies) are saying about Sharia Finance, as a centre of terrorist funding etc
We have also discovered articles like the one below on http://www.shariahfinancewatch.org:
Unfortunately, the British continue to invite the financial jihadists into their investment houses and banks, determined that this will attract shiploads of petrodollars without impacting British culture, society and security.
Before dismissing the notion that Shariah finance could introduce nefarious elements into a Western host nation, readers should remind themselves that the whole purpose of Shariah finance is to promote Shariah and Islam and, in 2009, at the World Islamic Economic Forum in Kuala Lumpur, the keynote speaker called on Islamic financial institutions to continue their “dawa” operations. Dawa is known by a few different descriptions:
• “missionary work”
• “civilizational jihad”
• “pre-violent jihad”
At any rate, the British people are perhaps the West’s leading unwitting victims of these dawa operations and have been for years. Two years ago, the Archbishop of Canterbury actually declared that Britain’s common law legal system must incorporate shariah. He basically considered the insinuation of shariah into British common law to be harmless. Why?
Because Britain had already embraced shariah-compliant finance with no ill-effects.
And therein lies the danger.
The latest evidence of the bridgehead that the financial jihadists have established in the UK comes in the form of two developments:
First of all, the Islamic Bank of Britain (IBB) (which was actually conceived in Qatar) has created a new product and service tailored to financial advisers. Note that IBB’s Shariah Supervisory Board is dominated by members of the Jihadist Taqi Usmani-led AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions).
The second example involves Britain’s national penson scheme, NEST, or National Employment Savings Trust.
Note that the financial services conglomerate HSBC is instrumental in facilitating the Shariah finance aspect of NEST and that our very own Dow Jones is also playing an indirect support role in the scheme. This is certainly no accident since, until relatively recently, both HSBC and Dow Jones retained Mufti Taqi Usmani (an outright Jihadist) as chair of both their Shariah advisory boards. When Usmani’s Jihadist ties and sympathies came to light, both HSBC and Dow Jones removed him from their boards…and shamelessly replaced him with his son…
And this from The Telegraph:
US feared British “Sharia banks” would finance terrorist groups.
Britain’s enthusiastic support for “sharia banking” raised concerns in Washington that the City Of London coule become a centre of terrorist funding, leaked documents show.
Financial reforms pushed through by the Labour government allowed Islamic banks to flourish in Britain, amassing assets valued at more than £12 billion.
To comply with Islamic law, their financial products do not pay or charge interest, and the banks cannot invest in alcohol, tobacco or gambling firms. But while government officials have promoted Britain’s status as the most Islamic-friendly economy in the Western world, cables obtained by WikiLeaks show that the US feared the banks could be used to channel funds to terrorists.
The State Department was so concerned that it ordered US diplomats in London to compile a report on the activities of sharia banks in Britain. The cable, sent from the office of Condoleezza Rice, George Bush’s then Secretary of State in June 2006, requested information on “Islamic financial institutions’ vulnerability to exploitation for illicit or terrorist purposes, such as structuring accounts to mask illicit activity or money laundering”. The US had particular suspicions that “charitable donations”, which Islamic banks are obliged to make to comply with sharia, could be funnelled to al-Qaeda sympathisers.
Washington was also keen to discover whether British regulators and anti-corruption investigators had the “capacity” and “effectiveness” to monitor Islamic banks. Information on the types of customers who have accounts with these banks was also requested.
While the report compiled by the US embassy remains secret, a separate cable sent two months later on Aug 17 2006 claims the British Government was aware of “profound shortcomings” in the regulation of charities with links to terrorist groups overseas.
Stuart Young, a Home Office official, allegedly told US diplomats that the Charity Commission was “completely out of its depth” in how it dealt with groups suspected of funding terrorists. Its officials would have “already trampled over the crime scene” by the time they contacted police, he was reported to have said. Regulations covering charity financing have since been tightened.
The two cables highlight the controversial nature of Labour’s policy of promoting London as a hub of Islamic finance. Britain was the only country in western Europe for which the US requested intelligence on the activities of sharia banks.
Almost all the 20 other countries to which the cable was sent are Muslim-majority nations in North Africa, the Middle East and Asia. Research in 2009 found that Britain’s Islamic banking sector is the biggest in Europe, and larger than many Muslim nations, including Pakistan.