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Shariah Finance
November 13th, 2008 by Andrew Drapper

Islamic protesters in EnglandIslamic courts meet every week in the UK and rule on divorces and financial disputes. There is a growing demand by senior Muslims that sharia be given legal authority! The Islamic Sharia Council is apparently flooded with work. Hearing about 50 divorce cases per month, and responding to as many as 10 requests every fatwas. (a fatwa is a religious verdict on a religious matter.)

There is a growing number of British Muslims using the dozens of sharia courts or councils across the UK. These courts are often set up in mosques, Islamic centers and even schools and operate under a clause in the Arbitration Act 1996 which makes binding the decision of an arbitration tribunal if both parties agree to submit their dispute to it.

If when you here of sharia law you think of barbaric floggings, stonings or even amputations and beheadings. Well you couldn’t be further from the truth. Well for now. How you heard of the ‘frog in the pan of water’? You can not start or with hot water, and if you are wanting to bring sharia law into a western country you cannot start off with beheadings and the persecution of Christians.

In the UK and probably in the USA these sharia courts deal mainly with mundane affairs like marriage, divorce and financial disputes. You can rest assured that it will not stay there. The purpose of the thin end of the wedge is to open up for the wedge that is being forced in to the crack. Before we welcome the thin end we probably ought to look at the whole wedge. If you look to a Islamic states such as Saudi Arabia and Iran we can see the end game for those who are seeking to bring sharia law into the UK.

These courts have been meeting for at lest 25years. But only in recent years has the pressure really been turned up to integrating sharia law into UK civil law, and it is not just marriages and divorce that they want to rule on.

“If sharia law is implemented, then you can turn this country (Britain) into a haven of peace because once a thief’s hand is cut off nobody is going to steal, once, just only once, if an adulterer is stoned nobody is going to commit this crime at all. We want to offer it to the British society. If they accept it, it is for their good and if they don’t accept it they’ll need more and more prisons.”

Dr Hasan general secretary of the Islamic Sharia Council

A survey by Policy Exchange found that 36 per cent of young British Muslims believed that a Muslim who converted to another religion should be “punished by death”. Even the Archbishop of Canterbury Dr Rowan Williams is in favour of the UK adopting certain aspect of sharia.

“The adoption of certain aspects of Sharia law in the UK seems unavoidable… Muslims should have a choice in legal disputes… UK has to face up to the fact that some of its citizens do not relate to the British legal system… Adopting parts of Islamic Sharia law would help maintain social cohesion”

Archbishop of Canterbury Dr Rowan Williams

You can here the BBC interview with Dr Rowan Williams here The Telegraph reports that:- “The British Government is believed to be planning to raise funds by issuing Shariah-compliant bonds in the Middle East, which would be the first time a Western country did so, but many British banks already provide financial services in accordance with Islamic law.” In fact Sharia-compliant finance is the next big thrust into western society.

Islamic banking or sharia-compliant finance as an industry is growing at 15pc a year and Britain is now a real center for Islamic finance. Just last week the US Treasury Department in collaboration with Harvard University’s Islamic Finance Project held an ‘Islamic Finance 101′ forum to teach sharia-compliant finance to the U.S. banking regulatory agencies, Congress and other parts of the executive.

Critics say it is opening a door to American funding of Islamic extremism. According to its announcement, the “Islamic Finance 101″ forum is “designed to help inform the policy community about Islamic financial services, which are an increasingly important part of the global financial industry.” I believe that this is just the opening of the door to more and more of our society becoming sharia-compliant i.e. under the Quran.

At to this Gordon Brown’s call for the oil-rich Gulf states to fund the bulk of an increased International Monetary Fund bailout fund we are becoming more and more department on Islamic money. Shariah Finance expert and Columbia MBA Joy Brighton describes the threat of financial institutions embracing Shariah Finance as a banking and investment product. It is a new form of cultural Jihad with terror supporting implications.

Columbia MBA Joy Brighton on Shariah Finance

For more information you can go to Act for America

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