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A very important press release from the Center for Security Policy. For more information, go to USA-StopShariah.org and see this illuminating article by the indomitable Frank Gaffney.
Washington, DC - November 4, 2008: A new coalition of public policy organizations, human rights activists and religious groups is being launched to oppose and counter the stealthy insinuation into this country of the seditious theo-political-legal program adherents to authoritative Islam call Shariah. The first focus of this Coalition to Stop Shariah will be to challenge the U.S. Treasury Department's embrace of an instrument of that program described by its leading practitioners as "financial jihad," but marketed in the West as "Shariah-Compliant Finance (SCF)" or "Islamic finance."At 10:00 a.m. on Thursday, 6 November, leading members of the Coalition will be holding a press conference at the National Press Club's West Room. They will be calling upon the Treasury to cancel a seminar it is co-sponsoring that afternoon with the country's most prominent academic boosters of Shariah-Compliant Finance: Harvard University Law School's Islamic Finance Project.
Thursday's "seminar for the policy community" is entitled "Islamic Finance 101." It will be held in Treasury's headquarters building next to the White House and - judging by the slated speakers - it will amount to little more than a vehicle for promoting Shariah-Compliant Finance. Apparently, there will be no discussion of the seditious nature of Shariah, which explicitly seeks to destroy the government and Constitution of the United States in favor of a global theocracy.
The Coalition to Stop Shariah speaks for peoples of all faiths and political affiliations who do not want to submit to the jihadist doctrine of Shariah. Its members have joined forces to oppose those seeking to impose Shariah's intolerant, barbaric code in America through the stealthy penetration of, among other things, our culture, legal system and capital markets. The Coalition is particularly concerned about the possibility that the Treasury Department will use the vast powers it has been given to cope with the subprime financial crisis as a means of promoting Shariah-Compliant Finance - a fear only heighted by the fact that the host of Thursday's seminar is the same Treasury official responsible for the $700 billion Troubled Asset Relief Program (TARP), Assistant Secretary Neel Kashkari.
The Coalition to Stop Shariah calls on the Treasury Department to cancel this indoctrination session, to cease its efforts to promote Shariah-Compliant Finance and to recognize Shariah for what it is - sedition - and treat it accordingly by, among other things, banning its application to U.S. financial institutions and products.
Posted by Robert at November 4, 2008 9:15 AM
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O, how I dread the directions that an Islamophilic Obama Administration would take in respect to Sharia-Compliant Finance!
From bad to significantly worse -- reminds me of the anecdote about two Nineteenth-Century Russian Jews, one old, one young: the younger asks the elder, "Old man, why do you pray for the Tsar?"; to which the older man responds, "Son, I have lived long enough to know that the next Tsar is always worse, so I pray for the Tsar!"
Posted by: John C![[TypeKey Profile Page]](http://www.jihadwatch.org/nav-commenters.gif)
at November 4, 2008 9:37 AM
Anyone one know how one can get into the presser at the National Press Club or if it is going to be broadcast on C-SPAN?
at November 4, 2008 10:01 AM
I certainly hope they can get some vocal Muslims to protest this instrument being given to the Islamists ... maybe like those brave women in Canada that protested Shariah being introduced into the family courts. Surely there are those who can see what a boondoggle SCF is for the Muslim customer, and how it will be coercively shoved down their throats and used to establish precedence (and financial support) for further "Shariah-compliant" abominations.
Posted by: dry_heavz_4_alla at November 4, 2008 11:03 AM
Since Sharia is anti-US Constitutional, in violation of First Amendment’s separation of church/mosque and state, then any Sharia-compliant banking at the US Treasury level should be unconstitutional as well. They can’t stop private banking from adopting sharia compliant financial instruments, but this would not apply to Treasury’s policy except in policing those credit instruments. The conundrum those sneaky Islamists are eager to exploit, would then force Treasury into complying with Sharia to enforce sharia-compliant financial instruments, which gives them one foot into Treasury. I would expect this to eventually reach ruling at the Supreme Court, which likely rules Sharia banking is unconstitutional at Treasury, since it violates the First Amendment.
Posted by: Battle_of_Tours at November 4, 2008 1:45 PM
Be careful of Neel Kashkari. He is a Hindu Brahmin's Kashmiri though born in US.They are very savvy otherwise.His father is an Engineer who migrated to US in 1950. Its worth noting that in 1947/48 Kashmir was invaded during the time of Maharajah of Jam-mu & Kashmir by newly formed Pakistan in 1947 under the command of an English military officer with the help of troops and Kabailias(Baluchs & Pashtuns-who are still a problem)and that is the Pakistan Occupied Kashmir-POK .The affinity of ISI elements with the trouble makers starts from that time. That disturbance drove many Hindu Kashmiris to migrate and some went to UK and US.This was despite the fact that around that time Kashmiri Hindus and Kashmiri Muslims were very closely attached to each other.For this plight Kashmiri Hindus blame Non-Kashmiri Hindus of rest of India as was taught to them by Kashmiri Muslims.(Part of disinformation and Jihad).But Muslims were still in majority there.The medium of instruction in schools was 'Urdu Kashmiri'script.The father must be instructed in that and must be very well adept and at home with it even today.It has a mixture of Persian ,Arabic and Urdu.They are only ritualistically Hindu.They have tremendous Muslim influence in their daily life.A lot of this influence must have passed on to the son from father. Does it explain his Trust in Sharia ?.
Posted by: Kash225 at November 4, 2008 2:55 PM
Don't expect the banks to self-regulate; they will follow the path of greatest profit. It will fall on the Treasury to limit the spread of SCF.
I would love to think that we can boycott institutions that promote SCF, but it gets difficult. I'm reminded of a coworker who, for some reason I can no longer recall, decided that he needed to boycott products from Nestle'. He quickly realized that his decision would lead to starvation and modified his form of protest. Likewise I have seen where CitiBank promotes SCF and hence I would prefer not to bank with Citi. Citi administers my company's voluntary investment plan (yep, my 401k). My company issued credit card, which I am compelled to use for company travel and expenses, is from Citi. My Mother has chosen a Citi credit card for reasons convenient for her having nothing to do with SCF.
I hope the Treasury handles this properly. Here is a perfect example of how Obama appointed justices may subvert the constitution. SCF is clearly unconstitutional - who thinks an Obama populated Supreme Court would see it as such?
Posted by: Richard at November 4, 2008 2:59 PM
BCCI was a Sharia bank.
"BCCI's policy was determined by Muslim interests and ideals, and anchored in the desire to increase the economic power and political leverage of local Muslim communities by exploiting their lucrative and sometimes illict activties. . .
The strength of BCCI in Muslim communities stemmed from its Islamic banking practices, which do not permit interest payments. The Koran forbids "usury" (interest), therefore the law of the land in both Pakistan and Iran follows the Koran. . .
BCCI became the conduit for approximately $1 billion of unrecorded Islamic banking deposits to be used under contractual stipulation for community investments according to Islamic law.
Such massive infusion of unrecorded deposits from Arab, primarily Saudi, investors provided BCCI with a distinct advantage over its Western counterparts."
- "Evil Money" by Rachel Ehrenfeld
at November 4, 2008 3:24 PM
"Sharia-Compliant Finance!"
It's been available in the US for more than 23 years.
So now why all the sudden do you have a problem with it?
And just how is it "Unconstitutional"?
Interested...
Abdullah Mikail
Posted by: Abdullah Mikail at November 4, 2008 5:50 PM
Abdullah Mikail's questions have already been addressed here.
I am recommending that he be ignored untill he begins to contribute in a meaningfull, and sincere way.
Posted by: Larry at November 4, 2008 6:15 PM
Sharia does not belong in America.
Posted by: Laura at November 9, 2008 1:36 AM
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