David Cameron said that he requires investment. However, do the people of Europe know that the political leaders are selling the souls of the EU nations to Islam and China? Both the UK and the USA is currently in debt to China, at the same time as Islam is buying up your corporations, the result is that you will work for them.
As the bible predicts in the Aramaic, the deception will go as far afield as Mongolia and China.
As the bible predicts in the Aramaic, the deception will go as far afield as Mongolia and China.
I recommend that everyone keeps their eye on the Sharia Finance Watch blog and how your own statesmen and banks are selling the souls of the nations.
"Sheikh Yaquby is a leading exponent of the doctrine that Shariah-Compliant Finance is a repudiation of the capitalist system and that it must embrace not only the rejection of interest, but follow strictly the principles of “Islamic social justice” (in which man-made laws are replaced with allah’s law) and the entirety of “the teachings of the Quran and the Sunnah of the prophet” Mohammed.
Therefore, those who claim that embracing Shariah-Compliant Finance is pure capitalism and free enterprise must ignore the fact that Shariah Finance seeks to replace capitalism and free enterprise. This goes back to the earliest days of “Islamic economics” at the time of the founding of the Muslim Brotherhood in 1928 and has been echoed by the world’s most prominent Sunni Shariah scholar, Sheikh Yusuf al-Qaradawi, as well as Iranian President Mahmoud Ahmadinejad.
What is even more absurd about Sheikh Yaquby’s view on this is the fact that he is employed by some of the titans of capitalism. He is paid to sit on the Shariah advisory boards of the following Western financial institutions:"
• HSBC
• Dow Jones
• Citi Islamic Investment Bank
• BNP Paribas
• Lloyds TSB Bank
• Standard Chartered Bank
http://www.shariahfinancewatch.org
As Abba said in 2006, "LET MY PEOPLE GO"
13 comments:
All following info is from wikipedia
Sharia prohibits the payment or acceptance of interest fees for loans of money (Riba, usury), for specific terms, as well as investing in businesses that provide goods or services considered contrary to its principles (Haraam, forbidden).
(Of course western banks would abhor sharia financing).
Interest-free banking seems to be of very recent origin. The earliest references to the reorganisation of banking on the basis of profit sharing rather than interest are found in Anwar Qureshi (1946), Naiem Siddiqi (1948) and Mahmud Ahmad (1952) in the late forties, followed by a more elaborate exposition by Mawdudi in 1950.
(IMO, this is accountability and i positively love the idea of profit sharing).
In an Islamic mortgage transaction, instead of loaning the buyer money to purchase the item, a bank might buy the item itself from the seller, and re-sell it to the buyer at a profit, while allowing the buyer to pay the bank in installments. However, the bank's profit cannot be made explicit and therefore there are no additional penalties for late payment. In order to protect itself against default, the bank asks for strict collateral. The goods or land is registered to the name of the buyer from the start of the transaction. This arrangement is called Murabaha. Another approach is EIjara wa EIqtina, which is similar to real estate leasing. Islamic banks handle loans for vehicles in a similar way (selling the vehicle at a higher-than-market price to the debtor and then retaining ownership of the vehicle until the loan is paid.
(The above vs interest bearing loans. the above is cut and dry, while we all know how interest bearing loans have a tendency to change at will of the big bad western bankers).
I have investigated sharia banking and the fees are higher then interest rates. Its a bit like the 24 hour marriage in Islam, the man marries you for 24 hours to get what he wants and then the marriage is dissolved.
With Sharia Finance you actually own nothing, pay far too much, your paying rent and a mortgage at the same time.
There is no Islamic organization that lends you money without making a packet out of the person that accepts the deal. Anyone that thinks that they do requires their heads tested.
A person that has had a lot of experience of different financial packages can see straight through the figures if they look deeply at them.
I can see why the Jewish money changers might like the Sharia system, it means that they earn more money then they do with usury. That's why Western banking likes it as well.
If you think any money lender is going to earn less because it is Islamic think again.
Also because they own the deeds of the property until you have paid for it completely, it gives them more right to take the property from you and less hassle with the legal system.
So with the Islamic system you have less rights for paying more. Its a carbon copy of the Islamic religion.
Here is a write up by someone else who as looked into it.
"A prohibition of interest for “ethical” reasons is nonsense and to accept that “interest” is bad is itself a retrograde, unsophisticated step. But is interest really missing from Shariah finance? All banks have to make profit, so to be Shariah compliant Islamic banks resort to complex structures that have the effect of interest, but at higher cost. Assets are shuffled between buyer, seller and bank, so that the bank makes the same profit as it would do if it charged interest, just that it’s not called “interest”. Thus, the whole process is a charade, a hypocrisy in which the Australian government will be complicit if it is to continue on Sherry’s misguided path.
Neither is risk in Shariah finance reduced as Sherry claims. Professor El-Gamal references defaults on 10 Islamic Sukuk bonds in 2009.[5] In 2008, while the Dow was down 32%, the Dow Islamic index was down 39%."
http://thebattleoftours.blogspot.com/2010/06/article-on-sharia-finance.html
Islam is unique among the religions of the world in having a developed doctrine, theology and legal system that mandates warfare against unbelievers.
--- R. Spencer, 2006
You can't have sharia finance without Sharia law, they go hand in hand. What is going on at the moment is otherwise known as 'ECONOMIC JIHAD'
Lets be honest here...Jesus would probably condem both sharia finance and jewish usary. Most of us have never lived in an Islamic nation, therefore I firsthand knowledge of how it all works is usually limited to what articles we read, that are written by others and often those authors of the articles have a a hidden agenda to continue to get western styled society to hate muslims/persians and Islam as much as possible. Yes, there is a MASSIVE propagnada campaign being played, by most sides involved. But since we KNOW that Jesus despised Jewish usary tactics, then shouldnt all true Christians be focusing on that first and foremost when it comes to banking/finance/usary ?
I see it as a double edged sword. IMHO , the banksters do deserve make interest off of their loans to the people. The key is making sure that system is not abused to the point of absurdity and massively corrupted. People should not get loans for free though. If I were a bankster, I would think it would be wrong to loan massive amounts of money to people, without me recieving some sort of return on my loan, and as a individual in society, I dont mind paying interest on money if I need to borrow it. What bothers me is that the system is so monopolized and corrupted, that it is totally out of control and crooked.
Here is what i know from this life i lived.
*It is a vast array of christian sects that shove religion in people's faces.
*The one and only i issue i have from some "third world country" citizens is that they seem to lack boundary lines, they do not know when they have stepped over one, having said that, i have never ever been even remotely threatened by any 'third world country' citizen and there are tons and tons of them in the US. i am certain they do not overstep boundary lines with any intention of malice.
*Meanwhile there are sects of jews that control all avenues of society, and they expect everyone else to be in service to them, they hold themselves as superior to the rest of us, (This very false belief they have is absolutely going to be put to rest forever and for the good of all.) and this is where i have been brutally beaten time and time again. why? because they know i am here for the people, they know i work relentlessly for the people.
I implore these Jewish sects to surrender for your own salvation sake.
If you insist on your evil ways we will see about walling up the state of Israel for you to play your evil games on one another.
(Of course, innocent Israelis can take refuge over here in the great US of A) Most of the rest of us will not miss Israel.
To anon who says banks should charge interest.
Whether true or false a lot of retail giants love to boast about giving back to the community.
I say a company that has been around for a long time has been heavily supported by masses and masses of people and these companies, IMO, have an absolute civic duty to give back and this should be done through INTEREST FREE loans in effort to pump the economy.
**Businesses with anti-corruption laws in place, not big government, should lead countries.**
Just because people are poor does not mean they are not effective business leaders, many of us are stifled mercilessly.
I do not believe 'interest free loans" is the answer. That would result in many more people in society abusing the systems of money/ loanership. Everyone would think they have a right to get free loans to buy sofas, cars, t.v."s ..etc. IMHO , the answer is having proper checks and balances in place to monitor those who monoplize/control the usary/finance systems to ensure those systems do not turn into a massively corrupt venue that cannot be repaired. Its all about responsibility and accountability from all partys invovled.
When it comes to Elikiams opinions , I automatically assume she will be a bit more harsh on sharia finance/banking , democrats, muslims, etc , compared to western usary or republicans because this is a common factor amongst people who claim to be followers of christianity. I wonder if jesus would be more of a socialist or republican in his views and I wonder if Jesus would be more angered at islamic banking or jewish usary ?
Clarification; i did not say that interest free loans should be given for everything. I am talking about businesses supporting businesses, Clean Capitalism.
Newer businesses would not likely be able to afford interest free, i am talking about the long term, wealthy, successful businesses.
Well the Jesus of the bible was certainly socialist in more ways than one. And the Christ is certainly not happy with the USA.
As far as usury is concerned if it was implemented biblically, then all debts are meant to be written off after seven years. Hence, why the Jewish people keep paying the price for the Jewish money changers for not doing so. If I remember correctly, we also made a post on the fact that in the bible it is 1 in ten. e.g. 1%.
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