"The major banks of western Europe and the United States are getting into the business of lending money to Muslim institutions and individuals. The oil wealth of the Middle East and parts of Africa make lending in these areas attractive. In order to get into that business they have to set up boards of Muslim clerics and scholars called The Sharia Supervisory Committee. It's their job to oversee the loans and make sure that they are Sharia Law compliant. To be compliant they cannot, among other things, charge interest. Hence, an elaborate and convoluted process is undertaken by which the bank can collect a profit from the sale of the loan and get away with not calling it interest.
An important element of Sharia compliant financing is a form of obligatory, charitable contributions called zagat. This is a religious tax for assisting those that wage jihad for Allah. The amount of this tax is between 2.5% and 20%, depending upon the source of the wealth. Muslim charities that have benefited from zagat have ties to terrorist organizations that are hostile to the United States and Israel.
It gets even more insidious. You and I--and every other American tax payer--are helping to fund zagat. A.I.G. is big time into Sharia compliant financing and of course the money that they are lending comes from the U.S. Treasury in the form of a bailout. One of the members of the A.I.G. Sharia Supervisory Committee is Dr. Usmani; He is the son of student and dedicated disciple of the Mufti Usmani, who is the leading authority for Sharia compliant finance in the world. His book dedicates and entire chapter to explain why a western Muslim must engage in violent jihad against his own country or government.
So, a lawsuit has been filed by the Thomas Moore Center to stop the use of tax dollars to fund Sharia based Islamic religious activities on the basis that in so doing, the establishment clause of the First Amendment of the United States Constitution is violated. Richard Thompson, president and chief counsel of the Thomas Moore Center said, 'It's outrageous that A.I.G. has been using tax money to promote Islam and Sharia law which potentially provides support for terrorist activities aimed at killing Americans.'
Whether or not the suit is successful, it's anybody's guess; however, for the time being--how does it feel to be financing jihad when you write your check to the I.R.S.?
Was it Lenin or Osama bin Laden who said, "We will sell them the rope with which we will hang them."?
(Re
13:17).Edited notes: Who Are We Radio Commentary by Tom Tancredo
Sharia Financing (mp3 download/right click 'save as')
By the way, before you
SD
and Tom Tancredo (WizardofOz, PlastikBuddah, Alate_One, JWStipple, ThunderMuse,
Rusha, Kmoney/Count Iblis
)...ad hominem, please have some facts this time--just the facts.
Thank you in advance.
Sharia Financing