Thursday, October 31, 2013

England to become first Non-Muslim nation to implement Sharia compliant financing...

The United Kingdom announces Sharia Compliant financing

October 31, 2013


According to the BBC, Prime Minister David Cameron has announced that the United Kingdom will become the first non-Muslim country to issue Islamic bonds. The UK will also create a new Islamic index on the London Stock Exchange in an attempt to attract Islamic investors. The announcements were made at the World Islamic Economic Forum in London. According to Cameron:
“There are some countries which naturally look inwards, pull up the drawbridge and refuse to recognize that the way the world is changing affects their future success. But Britain will not make that mistake.”
As reported on Tavern Keepers, the UK also recently reached a deal with China to become one of the only nations able to invest on the Chinese mainland and trade in the Chinese Yuan.

While Cameron may be trying to “keep the drawbridge down,” Shariah Finance Watch reports that the practice has serious risks:
Shariah finance has a political objective: to legitimize shariah in the West. Evidence indicates that shariah-compliant finance provides financial support to extremism and terrorism.Shariah-compliant financial institutions employ shariah scholars, many of whom have been shown to be extremists, even to the point of advocating suicide bombing and jihad against America. Among the decisions these scholars make is the donation of 2.5% or more of annual earnings to Muslim charities. {emphasis ours}
In contrast, Wahlid Shoebat has provided an excellent quote by Sir Winston Churchill, who had some experience dealing with extremists:
Individual Moslems may show splendid qualities, but the influence of the religion paralyzes the social development of those who follow it. No stronger retrograde force exists in the world. Far from being moribund, Mohammedanism is a militant and proselytizing faith. – Sir Winston Churchill, 1899

Image credit: Official portrait at 10 Downing Street website


About the Author ()

John is an educator and a news enthusiast, as well as co-owner of Tavern Keepers. He was formerly an intern with Mercury One, doing daily research for The Glenn Beck Show as well as other products of TheBlaze. He now writes for Tavern Keepers, Right Side News, and He is also preparing to pursue a doctorate in Instructional Technology and works with online software companies to develop instructional aids.

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