Saturday, August 09, 2008


Understanding Shariah law is integral to understanding the dangers of Shariah-compliant finance. Shariah law is Islamic law dating back to the 7th century and is today the law of the land in Saudi Arabia, Iran, Sudan and the law under which the Taliban operates. Recent polls reveal that only 10-15% of Muslims worldwide want to live under this all-encompassing system of Islamic jurisprudence that covers all aspects of a Muslim's life including religious, social, political, and military obligations. However, with a current population of 1.5 billion Muslims, this translates to a huge pool of Jihadist recruits and supporters - a base of approximately 150 - 225 million Muslims.

Shariah law authorities, some of whom are now being paid handsomely by Barclays, Dow Jones, Standard & Poors, HSBC, Citibank, Merrill Lynch, Deutschebank, Goldman Sachs, Morgan Stanley, UBS, Credit Suisse and others have the power to dictate Shariah compliance as deemed by "scholarly consensus" on matters of finance, family, penal law, apostasy, and war. Examples of authoritarian Shariah law include: requirement of women to obtain permission from husbands for daily freedoms; beating of disobedient woman and girls; execution of homosexuals; engagement of polygamy and forced child marriages; the testimony of four male witnesses to prove rape; honor killings of those, principally women, who have dishonored the family; death to apostate Muslims who chose to leave Islam; inferior status of non-Muslims, and capital punishment for those "slander Islam."


1. Italy: Executions on the rise in Iran and Saudi Arabia, says rights group
2. Marseilles: Man Breaks Wife's Nose For Lifting Veil in Heat Sent to Prison
3. Iran hangs 29 convicted criminals in Tehran
4. Iran: Sixteen Christian converts arrested
5. Saudi Arabia: Academic gets 600 lashes for 'phone relationship' with female pupil
6. Saudi bans sale of pet dogs and cats
7. Tyson drops Labor Day holiday for Eid al-Fitr
8. Man set on fire for marrying Muslim girl
9. Saudis to Christians: Get out!
10. Saudi judge held with drugs in Dubai
11. State Dept. 'going out of its way' to accommodate Muslims
12. AP IMPACT: Harsh justice under resurgent Taliban

13. Thai developers plan to issue Islamic property bonds
14. Centers fight for Islamic finance as oil boom
15. Shariah-compliant credit cards become more common
16. Australia: Police accuse Muslim charity of terrorist links
17. Boston Properties may buy more with Middle East partners
18. JP Morgan Islamic Unit Executive Arrested
19. First UK Halal/Shariah Car Insurance Launched
20. Judging Temasek's growing role in Merrill Lynch
21. Who is buying up Britain?
22. ETFS makes precious-metal trackers Shari'ah compliant
23. MasterCard Creates an Islamic, Shariah compliant Debit Card
24. Kuwait Triples Investment in Japan, Highlighting Sovereign Wealth Flight From U.S. Assets
25. Dubai firms buy 20% stake in Cirque du Soleil

1. New book by Andrew Bostom shows history of Muslim religious violence
2. UK Poll: Killing for religion is justified, say third of Muslim students
3. Exposing Terror Financing by Andrew Cochran
4. MPAC Tried to Block Testimony of Steven Emerson
5. Emerson Exposes Radical Ties of State Department Outreach Partners
6. UAC (United American Committee) confronts 'subway jihad' in New York City
7. You Still Can't Write About Muhammad By ASRA Q. NOMANI
8. European Muslims Debate: Should Gays Be Executed? By Bruce Bawer

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