How Shari’a-Compliant Financing Curtails Your Economic Freedom

Family Security Matters ^ | 4/29/08 | The editors

[captjanaway]

There has been much talk about Shari’a-compliant finance (SCF) in recent months, but many Americans are still in the dark about exactly what it is and what it portends for the American economy and the freedoms Americans enjoy.

This may be why the judge in the Holy Land Foundation trial in Dallas last fall declared a mistrial and five of six defendants face a retrial (one was found not guilty of most of the charges against him). Terror expert Douglas Farah surmised at the time that part of the reason might have been because “perhaps the prosecution tried to cram too much information in with a group of jurors largely unfamiliar with anything to do with the case.” And Steven Emerson of the Investigative Project on Terrorism had a heated exchange with Alan Colmes of Fox News’ Hannity & Colmes about whether the mainstream news media had even managed to get the story right.

[RightWhale]

What it means there is no second order wealth, so no economic growth.

[edcoil]

It has done so well for those living in the 7th century, look at their standard of living.

[MrB]

Their society cannot advance philosophically, legally, or scientifically because of their religion.

Their religion states that the koran is “complete and perfect”, so any study of concepts not covered is an apostasy (because of the “complete” claim).

[Minutemen]

Didn't have time to read it all but I think I see where the story was going. I will take a stab at it:

The libs are contending if we had sharia law and follwed Mohammeds words, we would have no money lenders profiting on loans thus we wouldn't be in this credit crunch mess we are in??

Close?

[KarlInOhio]

I found this section particularly apt:

How many Americans would approve of SCF if they knew its full implications? Deroy Murdock makes an apt comparison:

Turn your clock back 70 years. Imagine that Wall Street banks and brokerage houses sold Nuremberg-compliant bonds and stock funds in 1938. American Nazi sympathizers bought financial instruments certified by Berlin-based advisors as free of “Jewish profits” from, say, Salomon Brothers and Bloomingdale’s.

In turn, a percentage of such funds’ gains underwrote pro-Nazi charities, like the German-American Bund, and similar organizations in the Fatherland, like the Hitler Youth.

A lot of Shari’a-compliant finance just seems to be a way of hiding the interest, because Allah is easily fooled by a little tricky accounting.

[gracesdad]

“The libs are contending if we had sharia law and follwed Mohammeds words, we would have no money lenders profiting on loans thus we wouldn’t be in this credit crunch mess we are in??

Close?”

Nope.