The Islamic Development Bank of Saudi Arabia explains its mission this way: "The purpose of the Bank is to foster the economic development and social progress of member countries and Muslim communities individually as well as jointly in accordance with the principles of Shari'ah i.e., Islamic Law."
What's the big deal about Saudi-sponsored Sharia finance? See here.
Isn't it grand how Bosnia -- as the learned analysts assured us -- was a secular state that was going to shine as a beacon of Islamic moderation in Europe and the world, and have nothing -- nothing! -- to do with the global jihad or Islamic supremacism?
"Islamic Development Bank's delegation visits Bosnia," from Bosnian News via Emportal, November 11 (thanks to Europe News):
The delegation signed the launch of a USD 5 million USD worth credit line for Bosnia's exporting enterprises yesterday with Bosna Bank International, which is seen by both sides as the beginning of a successful financial collaboration.The FBiH Entity Prime MinisterM Nedzad Brankovic met last Friday in the Bosnian capital Sarajevo with a delegation of the Islamic Bank for Development from Saudi Arabia, led by Ahmad M. Al-Ghannam.
The delegation signed the launch of a USD 5 million USD worth credit line for Bosnia's exporting enterprises yesterday with Bosna Bank International, which is seen by both sides as the beginning of a successful financial collaboration....
Such deals are essential to offset the "imperialism" of those pesky, surrounded, Serbs.
From the BBC late in 2001:
Most Bosnian Muslims are determinedly secular.
But during the Bosnian war, when the West imposed an arms embargo, it was the Islamic countries, especially Iran, who gave the government army the guns they asked for.
Many Bosnians felt abandoned by the international community and a minority turned to radical Islam.
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