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One event, called the "Islamic Finance and Trade Conference", is also co-sponsored by the Muslim Council of Britain (MCB). The MCB is an umbrella organisation which has links with the JI and the Muslim Brotherhood. Since its creation, it has been a platform for Islamists and a vehicle for Islamist-inspired political pressure. It rejected the Muslim Marriage Contract intended to give British Muslim women more rights within Islamic marriage. It has also boycotted Holocaust Memorial Day because it claims, incorrectly, that the event does not mention non-Jewish victims of genocide. This raises serious questions about its claim to be anti-Zionist rather than anti-Semitic. Most recently, it supported its deputy secretary-general, Daud Abdullah, who was heavily criticised for putting his name to a declaration that supported violent jihad against Israel, calling instead for Islam to reign supreme in the region. 

An event in Scotland, "Etisal '09: Scottish Islamic Investment Expo", is organised and sponsored by the Scottish government and a group called the Scottish Islamic Foundation (SIF). The stated aim of the event is to build business links between Scottish banks and businesses and their sharia-compliant counterparts in the OIC countries. The chief executive of the SIF, Osama Saeed, is Scotland's leading Islamist and a Scottish National Party candidate for Glasgow South. 

His sympathy for Islamist principles is well documented. Of particular interest should be his description of the suicide murders of Hamas as "martyrdom operations" (he doesn't use inverted commas) and his assertion that an Islamic Caliphate represents a "perfect and just society" that should be interpreted as some sort of harmless equivalent to the EU. 

Rather than helping those Muslims who work towards adapting Islam to the basic principles of liberal democratic countries, the Saeeds and al-Haddads of this world strive for an exact inversion of this, and sharia banking is now a more significant part of their programme than ever before. It has one effect that is strong and unmistakable: it reinforces the perception of mutual incompatibility between the West and Islam. Muslims and Western governments alike have a duty to weigh this dangerous quality against sharia banking's highly dubious religious and economic credentials, before they dance away to the latest tune of the Islamist pied pipers.

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Kinana
July 1st, 2009
9:07 AM
these are excellent points by Micawber. i would just like to emphasise that as one Muslim scholar said: ‘Islam raises goodness throughout the society, throwing the burden of taking care of the needy people over every member of the society (as can be felt by thinking of the zakah (charity money) paid by all muslims to all muslims ‘ Here we should note that Muslim charity, even when it is not for jihad is for Muslims ONLY.

Micawber
June 29th, 2009
7:06 AM
A good article which, however, misses the point that Sharia banking is meant to enforce Sharia on non-Moslems by applying Sharia funds only to those businesses which comply with Sharia law (for example, no businesses which deal with alcohol, pork, music, films, theatre or any religions other than Islam). This has the effect of extending the control of Moslem-owned businesses in areas and eventually dominating. But, more crucial than anything else, is the role of Zakat. Zakat is one of the Five Pillars of Islam, defined as alms-giving or charity. It is an obligation upon all Moslems to give Zakat according to their incomes. This can be given either directly to imams, mosques or Islamic 'charities.' Koran 9.60 specifies those for whom Zakat is collected and the purpose to which it is to be applied:- 1. The poor 2. Those who collect Zakat (mosques, imams, 'charities') 3. To attract the hearts of those who have been inclined (towards Islam) (Da'wa) 4. To free those in captivity 5. For those in debt 6. For "ALLAH'S CAUSE" (i.e. for Majahidun, those fighting in 'holy battle' JIHAD) 7. For the wayfarer "Thus, monies collected for alms in Islam (and this includes all Islamic 'charities' and all Islamic institutions which must give a portion of their collections and/or profits to Zakat) are, indeed, used to fund terrorism..." "...any businesses and financial institutions that engage in and offer Sharia Compliant Finance run the risk of legal action as conduits and intermediaries in funding terrorism and sedition." In the US, the Government recently won the largest terrorist-funding case in US legal history against Holy Land Foundation, an Islamic charity. The expression "for Allah's Cause", used throughout the Koran and Hadiths, always refers to warfare, Jihad. http://www.saneworks.us/uploads/application/28.pdf 'Civil Liability and Criminal Exposure for US Financial Institutions and Businesses Engaged in Shari'ah-Compliant Finance' I recommend also: http://www.shariahfinancewatch.org

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