The UK shows promise in one area just as it sabotages itself in another. The latest: the Minister of State in the Department for Business and Trade, Lord Johnson “will lead a series of roundtables with the world’s leading Islamic banks to map out a path for the UK achieving its goal of becoming a global hotspot of Islamic finance.” The UK is discarding its Judeo-Christian identity and defying its own rule of law in permitting illegal, mostly Muslim migrants from Africa and the Middle East to enter the country at will. Given the rapid growth of its Muslim population, it’s no surprise that the UK is now seeking to become an Islamic (sharia) finance “global hotspot,” even after running its own economy into the ground.
Managing risk in these powerful foreign partnerships will become an issue as the economically crumbling UK looks for any avenue to build back its economy. For example, the funneling of billions of dollars from Islamic banks to al-Qaeda, al-Qaeda in the Islamic Maghreb, the Muslim Brotherhood, Hamas, and other jihad groups are well established. In fact, Islamic finance owes much of its foundation to unsavory jihadis, most notably Sayyid Abul Ala Maudaudi, a Pakistani Muslim scholar and Islamic jurist who was founder of the Jamaat-e-Islami in Pakistan, and Hassan al-Banna, founder of the Muslim Brotherhood in Egypt. Every business partnership involves both sides seeking its own interests, while negotiating an acceptable outcome for both parties. Is the UK in any position to effectively negotiate its interests in partnership with the world’s leading Islamic banks, particularly given its habit of kowtowing and subservience to Islamic groups?
Of course, the benefits of Sharia finance to Britain are being touted for its risk-sharing characteristics during turbulent economic times, and therefore the claim is that these partnerships will stabilize Britain’s economy in the long term. But there’s more than meets the eye to these partnerships. Dr. Zamir Iqbal, Vice President, Finance (Chief Financial Officer) of the Islamic Development Bank in Saudi Arabia, affirms the “integration of finance with Islamic morals and ethics,” which is another way of expressing the integration of the Sharia in every aspect of an observant Muslim’s life. The Sharia is regarded as a law above all others, is expansionary and supremacist, and rules every aspect of the Muslim life, from faith to finances.
Britain as a culture is poised to be on the losing end of the stick in tying itself to Islamic finance. Its plan is a boon and victory for Sharia states, and will end up further empowering the agenda-driven UK Islamic lobbies that have ties to many Sharia states.
“British business ministers announce working group on Islamic finance,” Arab News, March 28, 2023:
LONDON: The British Secretary of State for Business and Trade, Kemi Badenoch, and Minister of State in the Department for Business and Trade Lord Johnson announced on Monday the launch of new working group on Islamic Finance at a “Great British Iftar” at Lancaster House in London.
The working group will help realize the Secretary of State’s priority of making the UK an undisputed investment destination by ensuring the UK is a global hub for Islamic finance, a statement said.
Johnson will lead a series of roundtables with the world’s leading Islamic banks to map out a path for the UK achieving its goal of becoming a global hotspot of Islamic finance.
The inaugural Great British Iftar included ambassadors from Morocco, Malaysia and several other Muslim majority countries.
Senior executives from investment firms, CEOs of major British businesses, and founders and entrepreneurs of exciting British firms were also in attendance, as were Tees Valley Mayor Ben Houchen and government ministers.
Sheikh Hani Saad Mahmoud, Imam at the historic Al Azhar Mosque in Cairo, travelled from Egypt to lead prayers at sunset.
Badenoch gave a speech at the Iftar celebrating the flourishing trade and investment relationship with the Muslim world.
She made clear the amazing contribution business of all sizes make to the UK economy and the support her department can provide to make them the engines of British exports into new markets……
Hoi Polloi says
Will they meet in Manchester Cathedral where islamic celebrations are currently being held in order to publicly acknowledge and cement what is in fact their worship of mammon?
Hindu American says
It’s like watching a nation commit hara-kiri in slow motion while being egged on by its clueless leaders.
Aum says
UK submits to Islam – clueless clowns.
Barry Morgan says
Sir Winston Churchill once said, “Islam in a man in like rabies in a dog”. No truer words ever spoken!
SJ says
When are we going to fight back? What will it take? I’m waiting ….
OLD GUY says
The Muslim/islamic migration invasion successfully taking over the UK.