Showing posts with label sharia banking. Show all posts
Showing posts with label sharia banking. Show all posts
September 28, 2010
June 21, 2010
Sharia Creep Alert: What "Islamic" Finance Really Means
Apparently, some uppity dhimmis have had the nerve to figure out that seemingly modest demands for sharia-compliant loans and mortgages might lead to oh-I don't know-increasing sharia demands.
This has made Islamic financiers a little nervous, they want to keep the stupid dhimmis completely in the dark while they take over world financial markets.
Therefore, Islamic sharia banking is undergoing a 'rebranding'.
"Jo Divanna, managing director of Maris Strategies and a leading commentator on the subject, partly attributes this to a conscious effort by companies to widen their appeal by changing terminology."
"He says: “Islamic finance is undergoing a rebranding towards western markets by reducing the use of the term Islamic or sharia and focusing instead on the concepts of ethical and green.”“This is not to say they are lowering their standards,” he adds, but “simply redefining their image”.
"Another explanation for the surge of interest is dissatisfaction with conventional finance in the wake of the global financial crisis. So, might the inherently prudent principles of Islamic finance have prevented lending to people who were likely to default, for example?"
"According to sharia law, the selling of loans is not permitted, nor is interest-bearing debt more generally – all factors that contributed to the crisis."
You get that? If us stoooopid, uppity kufars had accepted Islam previously, we could have avoided the global financial meltdown as well!
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