Eurabia Alert: "Brown to boost Islamic banking," from the TimesOnline, with thanks to Charles Martel:
GORDON BROWN is drawing up plans to turn Britain into the most Islam-friendly economy in the western world.The chancellor has given Muslim leaders private assurances that he wants to create a “level playing field” in the economy, so that more and more “sharia compliant” financial products can be offered to British Muslims.
To comply with sharia law, financial products must not charge or earn interest, which is regarded as usury.
Brown hopes his proposed changes would remove barriers to many British and foreign Muslims participating fully in the financial system. They would help make London the natural home for Islamic funds from around the world, and increase the inflow of investment from oil-rich Middle Eastern countries.
Now they will have a place to invest their welfare payments. This will make it easier to save for retirement and terror donations.
They would help make London the natural home for Islamic funds from around the world, and increase the inflow of investment from oil-rich Middle Eastern countries; this in addition to being the natural home for radical Islamists and their associated terrorists.
Money talks, enough said.
Oh, but for the love of money evil would have a hard time finding as many places as it does to take root...
It is not distant from the supporters of the Dubai Ports deal. They can't bother to figure out how to reduce the take of the Arab and Muslim oil states. That would take too much thought, too much trouble. All they can think of is how to provide goods (armaments, Fauchon and Hediard food flown in for the Saudi and other Arab oil profiteers, hotels and private palaces elegant in some cases, contenders for the world vulgarity championship in others) and services (public relations experts, doctors, call girls, gambling dens, crews for the yacht) so as to soak up some of those petrodollars.
And of course, we as the peoples and nations of the Infidel world have a stake in diminishing those revenues that flow to adherents of a belief-system that does not wish us well. Our interests are clear. But the interests of those government officials, or former officials, who do the bidding of the Saudis, or the U.A.E. subjets, or the Kuwaitis, or others, are geared to "recycling petrodollars" for their own private benefit, or that of their friends, their relatives, the corporations for which they work, and not in diminishing those petrodollars.
Our interests, and those of our unimaginative, stolid, stupid, timid -- at least as many have shonw themselves to be -- political figures, are quite different.
We don't want to attract Arab "investments" to London. We don't want to sell control of companies that manage our ports to a government-owned entity when that government is Dubai, a member of the U.A.E. We want the governments of the Western world to concentrate on getting us off gas and oil, and figuring out ways to take away some of the sums that the Arabs and other Muslims have accumulated. Helping make London a center for Islamic banking is not the way to do it.
Well, Brown has imposed the highest ever taxes on the UK, and still needs more mugs to finance the public sector pension liability.
So what could be more smarter than to invite more rats onto the sinking ship?
Britain is about to tank big time, houseprices are so high that no-one can afford to buy anymore,(see www.housepricecrash.co.uk) resulting in an inflexible workforce and retail sales crashes (as all the cash goes towards the roof over their heads!) and jobs are being lost at a phenomenal rate per week.
The only business that works for the UK is their financial services sector, and so, it makes perfect sense for Brown to attract the money and then tax it.
Gordon Brown is incompetent. Two major blunders:
1) He sold a massive portion of UK gold reserves when gold was at a low price. Gold has since shot up in price.
2) He has helped nearly destroy UK private pension schemes by a £5 billion a year tax grab on their assets while refusing to address the massive unfunded public sector pension liability.
Oh, and it looks like he will be the next PM after Blair goes.
And of course, we as the peoples and nations of the Infidel world have a stake in diminishing those revenues that flow to adherents of a belief-system that does not wish us well.
Absolutely. But I also don't discount the other obvious motive for Brown here:
This is clearly an exercise in vote-catching, too.
It's been seriously suggested that huge expansion of the number of employees in the UK public sector, instigated largely by Brown, was undertaken primarily for the purpose of producing a class of voters who would be loyal to Brown. And from what I hear of the man this is very likely true. So this would be in keeping with his known modus operandi.
Brown would certainly sell the shirt of his grandmother's back to fulfill his lifetime's ambition of being Prime Minister. Disgusting but true - there we are. (Brown's ambitions have caused much bad blood between him and Blair - he wants Blair to step down and annoint him as his successor.)
I am afraid the British political system has been very badly corrupted - here is another example.
Islamic banking, prohibiting interest on money lent, is yet another example of how Mohammed seriously misunderstood Mosaic law and perverted it into an absolutist dogma. The prohibitions against usury found in Mosaic law, Exodus 22:35 and Leviticus 25:35-37, are laws given to Moses by Yahweh out of compassion for the poor.
The prohibitions against usery are not absolute prohibitions aganst interest being charged, but against punitive interest being charged against those least likely to repay. Yahweh was concerend that punitive interest could be used against the poor to guarantee default and confiscation of whatever goods the poor possessed. Yahweh nonetheless recognized the time value of money.
Along comes Mohammed and in his simplistic understanding, or misunderstanding, of most everything Mosaic (and Christian for that matter), declared, because a little birdie told him so, that any and all interest was usury and haram. Ergo, Allah hath revealed unto him that whoever shall charge interest shall be summarily punished in whatever way approriate. No doubt Mohamed found interest free money just another way to confiscate the wealth of others.
It is interesting to see how Sharia compliant banking has had to adapt to the reality that money does indeed have a time value, this not just being some unproven economic theory of Adam Smith. To avoid calling money paid in consderation of money great contortions are made to avoid the word interest, just as we know "points" on a loan are in reality prepaid interest to obtain a lower rate of interest on the loan. Yet if these "non-interest" payements are treated for tax and accounting purposes as interest, then it is interest.
Now if Allah's law that money does not have any time value, yet the Islamic scholars who have developed Sharia compliant banking laws nonetheless had to fabricate a time value into money lent, how could Allah know best?
A financial system without interest? The Moslems are such tiresome phonies, decoupled from reality, full grown children.
Finance without interest makes as much sense as the "Sharia law" or "Islamic religion"... fantasy-based contraditions in terms all.
MORE KORANS MORE HADITHS MORE SIRATS MORE MOSLEMS MORE ISLAM MO MO
Wait. I forgot. As a rapacious military-political ideology, Islam is founded on the fantastic.
And the fibbing and self-delusion was kicked off when the awful Mohammed came down to town from his mountain cave, and proceeded to tell a real whopper about his supposed private meetings first with Gabriel, and later with the Big Guy himself.
And that sura about his night journey to the 7th Heaven, now that was a real knee-slapper.
Mo, you make me want to cry I laugh so hard. What a load of pure crap Islam is.
This government can be summed up in one word.
Quite simple.
Greed.
All the corruption, sleaze, duplicity etc stem from that.
http://www.newenglishreview.org/blog_display.cfm?blog_id=173
GW
Thanks for the link - reading now.
Of course, in fairness one has to add that neither party impresses.
Right. Gordon Brown is a favorite to become the next Prime Minister. May heaven help us!
You will notice that no Islamic countries have been becoming any friendlier to Britain in any way, shape or form (except possibly as taqiyya to facilitate jihad war). Meanwhile the Brits climb ever ever further out onto the proverbial limb, passing the Muslims the saw they need to cut that branch off with). I'm convinced for example that Iran couldn't care in the least WHAT fiscal policies this guy Brown is putting into effect (even if they ARE dhimmitude served up on a golden platter).
We can only hope that Adam Smith's 'invisible hand' will knock some sense into Gordon Brown and his bureaucratic ilk before the UK becomes an anglo-infidel graveyard...
Yojimbo, you are not wrong.
That link should lead to a varied selection, some of which will be of interest.
its quite obvious that Gordon Brown doesnt give a damn about the indigenous English.
its time for England to wake up and declare independence.
Granny Weatherwax, apropos your link, have you seen the cover of the new Private Eye?
:-)
http://www.private-eye.co.uk/pages.php?page=cover&
Yojimbo, or may I call you "Yo" --
If the Pseuds Corner department still exists at Private Eye, it could be filled up week after week, with comments on Islam, by the Archbishop of Canterbury, Ken Livingstone, Tony Blair, Karen Armstrong, and so many others. Someone should tell them to think about it. Charlie-Hebdo has firmly chosen to be on the side of mockery of Islam. The Onion too. Why not make sure that Private Eye does the same?
The Onion piece was inspired.
Private Eye might not be unsympathetic, judging by their willingness to run this lookalike:
http://www.private-eye.co.uk/sections.php?section_link=lookalikes&
Aha - if anyone's got any good examples of pseudery (if that's the word):
They seem to look for the really pretentious, particularly if there's a touch of battiness. (There might be room for a few mullahs of the bananaphobic or Tom-and-Jerry-are-a-Zionist plot variety here.)
After all, the raison d'etre of a publication like this is to poke fun at anything that seems to merit it. They can't welcome the prospect of a society where so much could become off-limits to humourists.
Private Eye, by the way, also likes to poke fun at the acting profession:
I haven't read Private Eye regularly for some years. I appear to be missing quite a lot.
Thanks for that.
Good god. This is ridiculous. Some time ago, I read "Using credit cards is un-Islamic: Scholars" and thought that was just the lunatic fringe, but these people really mean it. Now, if they offer interest-free loans and accept interest-free deposits, how much are you willing to bet that the banks will be giving out a tad bit more loans than they'll get deposits?
I wonder what the great wizard Sauron of Mordor .. *cough* , ahem - i mean Al Sistani, has to say about this topic
http://www.sistani.org/html/eng/menu/2/books/2/?lang=eng
It is not permissible for a Muslim to buy products of the countries that are in a state of war with Islam and Muslims, for example, Israel.
Question: In the West, it is possible for a person to open a variety of current accounts with high or low interest rates equally without any difficulty in both the cases. Is it permissible to open accounts with high interest rate with the understanding that the person will not demand the interest, if the bank denies it to him?
If it is not permissible, is there a solution that would allow them to open such an account knowing well that they, in their heart, are seeking the best interest?
Answer: They are allowed to open the account in the bank and it is [also] permissible for them to deposit in it with the condition of earning the interest, if the bank is financed by non-Muslim governments or people.
Question: A Muslim builder or contractor is approached for building a place of worship for non-Muslims in a non-Muslim country. Is it permissible for him to accept that job?
Answer: It is not permissible because it involves promoting the false religions.
Question: Is it permissible to buy goods from companies that allocate part of their profits to supporting Israel?
Answer: We do not allow that.
Question: Is it permissible for a holder of a law degree to become a judge in non-Muslim countries in which he acts according to their laws?
Answer: It is not permissible to administer judgement for those who are not qualified, and [it is not permissible to judge] based on non-Islamic laws.