Sharia Finance Watch has a new home

The superb Sharia Finance Watch site has moved. Find it here, and bookmark it. Here is what they are about:

Shariah Finance Watch is a blog that wants to educate the perils of the West conforming to the laws of Shariah. This type of banking and finance is a guise to instill Shariah laws into the west by changing the way we do business, from banking to loans. It is not "ethical" or "interest free" but restructured.

Understanding Shariah law is integral to understanding the dangers of Shariah-compliant finance. Shariah law is Islamic law dating back to the 9th century and is today the law of the land in Saudi Arabia, Iran, Sudan and the law under which the Taliban operates.

Shariah law authorities, some of whom are now being paid handsomely by Barclays, Dow Jones, Standard & Poors, HSBC, Citibank, Merrill Lynch, Deutschebank, Goldman Sachs, Morgan Stanley, UBS, Credit Suisse and others have the power to dictate Shariah compliance as deemed by “scholarly consensus” on matters of finance, family, penal law, apostasy, and war. Examples of authoritarian Shariah law include: requirement of women to obtain permission from husbands for daily freedoms; beating of disobedient woman and girls; execution of homosexuals; engagement of polygamy and forced child marriages; the testimony of four male witnesses to prove rape; honor killings of those, principally women, who have dishonored the family; death to apostate Muslims who chose to leave Islam; inferior status of non-Muslims, and capital punishment for those “slander Islam.”

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I work at a large law firm, and I actually told my coffee supplier, to whom we pay thousands a month for coffee and supplies, that I would not purchase a certain popular brand of coffee because of their sharia-compliant ownership group.

I just didn't think that was an appropriate business practice nor ethical for my law firm to engage in.

I was scared to death to tell him that. It was really hard opening my mouth in real life, rather than a blog, to take a stand.

But I did, and we do more business with him now than ever. He is now selling a competing brand instead. I'm not sure I influenced his thinking, but I feel proud that I stuck my foot out and helped him even be aware of the situtation.

Oddly enough, I find most of my local vendors to be quite conservative. Huh, I wonder why that is? /sarc off

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