This morning the Coalition to Stop Shariah, spearheaded by Frank Gaffney of the Center for Security Policy, held a press conference at the National Press Club in Washington to protest against the Treasury Department's "Islamic Finance 101" seminar. My remarks are above.
Thou has spoken the truth, O Robert Spencer.
I wonder if islamo-fascists will try to respond what you say with evidence and logic, or will they tag you as islamophobe as usual?
Ok. Scratch that. We all know how they will answer.
Mr. Spencer, What you are doing may not bring you happiness, but I am very thankfull for your efforts.
Keeping the "legal" stealth jihad at bay!
Kudos to Robert and all in the effort.
Robert Spencer is a courageous man that is showing us the way forward.
All -
Just to make you aware, the Anti-Jihad League of America has a blog posting on today's press conference of the Coalition to Stop Shariah at:
http://anti-jihad.org/blog/2008/11/coalition-conference/
Regards,
Jeffrey Imm
Anti-Jihad League of America
http://www.anti-jihad.org
There is an on-line petition at:
http://www.petitiononline.com/qxyz1108/petition.html
Robert
Just as you are a major authority on Shariah itself, along with other illustrious figures like Srdja Trifkovic, Bat Yeor, Ali Sina, et al, who are the leading people who understand Shariah finance inside-out (beyond the platitudes about zakat and jiziya)?
I'm not a finance or business major, but just tossing interest free banking in my mind itself creates major questions. Like say a bank were to offer its Muslim customers interest free loans (and investments), wouldn't it be doing the following:
1. Allowing Muslims to borrow money either free of charge, or with a fixed charge, as opposed to the interest that would grow with the length of time the loan was in effect;
2. Since such deals would create obvious cash flow problems for the bank, since there would be too many customers happy to take loans with such terms but very few who'd want to deposit cash with such low returns, such a bank would alleviate its burden by charging normal, or even higher interest to those not participating in the above program i.e. Infidel customers.
3. As a result, what Infidels will be paying in terms of interests on loans, would be a disguised Jiziya to enable the bank service its Muslim customers without going into the red.
Is this a correct interpretation of how such programs would work? Or do work? If this program is being conceived in the context of the current financial situation, how does it help things at all (other than Islamic cash flowing in, obviously with Islamic prayer beads attached?) That looks like the last thing our financial institutions should be doing to get a handle on their situations.
It looks to me as though I find myself in the position of thanking America in advance for saving Europe's behind for the nth time!