IBD Article
Propaganda: The global warming alarmist in chief has unveiled the environmentalists' real objective. And no, protecting the planet is not their top concern.
ACT for America
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On Friday and yesterday we emailed you Action Alerts about AIG offering a shariah-compliant insurance product. Last month the Treasury Department hosted a forum designed to educate government and private sector attendees on the Islamic finance market.
Today, we report to you the UK Financial Times story that “Saudi Arabia’s top cleric” has called for “Muslim countries to renounce capitalism and form an Islamic economic bloc that adopts interest-free finance.”
Apart from the fact that shariah “interest-free finance” is frequently disingenuous (in that the financial investments are often structured to provide a profit but the profit is not called “interest”), the pronouncement from Grand Mufti Abdelaziz Al al-Sheikh is but another reminder of the growing threat of “cultural jihad” to the West.
Remember, one of the world’s leading authorities on shariah-compliant finance has termed it “jihad with money.” Stay tuned in the weeks to come as we provide more information and education about shariah-compliant finance.
Top Saudi cleric cites crisis to press for sharia finance
By Abeer Allam in Arafat and Reuters
The Financial Times (UK
Published: December 7 2008 23:16 | Last updated: December 7 2008 23:16
http://www.ft.com/cms/s/0/6aeb1b9a-c4a0-11dd-8124-000077b07658.html
Saudi Arabia’s top cleric has used his annual sermon to Muslim pilgrims assembling for hajj to urge Muslim countries to renounce capitalism and form an Islamic economic bloc that adopts interest-free finance.
Click link above to read more
Propaganda: The global warming alarmist in chief has unveiled the environmentalists' real objective. And no, protecting the planet is not their top concern.
Green Comes Clean
ACT for America
Visit our News page
On Friday and yesterday we emailed you Action Alerts about AIG offering a shariah-compliant insurance product. Last month the Treasury Department hosted a forum designed to educate government and private sector attendees on the Islamic finance market.
Today, we report to you the UK Financial Times story that “Saudi Arabia’s top cleric” has called for “Muslim countries to renounce capitalism and form an Islamic economic bloc that adopts interest-free finance.”
Apart from the fact that shariah “interest-free finance” is frequently disingenuous (in that the financial investments are often structured to provide a profit but the profit is not called “interest”), the pronouncement from Grand Mufti Abdelaziz Al al-Sheikh is but another reminder of the growing threat of “cultural jihad” to the West.
Remember, one of the world’s leading authorities on shariah-compliant finance has termed it “jihad with money.” Stay tuned in the weeks to come as we provide more information and education about shariah-compliant finance.
Top Saudi cleric cites crisis to press for sharia finance
By Abeer Allam in Arafat and Reuters
The Financial Times (UK
Published: December 7 2008 23:16 | Last updated: December 7 2008 23:16
http://www.ft.com/cms/s/0/6aeb1b9a-c4a0-11dd-8124-000077b07658.html
Saudi Arabia’s top cleric has used his annual sermon to Muslim pilgrims assembling for hajj to urge Muslim countries to renounce capitalism and form an Islamic economic bloc that adopts interest-free finance.
Click link above to read more
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