Go Back   David Icke's Official Forums > Main Forums > New World Order / Global Government

Reply
 
Thread Tools
Old 21-07-2009, 03:14 PM   #1
eternal_spirit
Inactive
 
Join Date: Jan 2007
Posts: 31,206
Likes: 6 (6 Posts)
Default Shariah Banking conquers Europe.


All over Europe Islamic banks are establishing branches, Western banks are offering Sharia-compliant financial services, and European governments are trying to outcompete each other in welcoming them.

Proponents of banking along the lines of Sharia (Islamic law) claim that the Islamic banking system is “more ethical” than the West’s capitalist system. This is not true. Unfortunately, however, in our age of crashing financial markets, many Westerners – not just the traditional anti-capitalist European left – seem very eager to buy that argument.




Early this month, even the Vatican newspaper Osservatore Romano voiced its approval of Sharia banking. “The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit which should mark every financial service,” the paper said in a downright stupid and “unethical” article published on March, 4.





The article, entitled “Islamic finance proposals and ideas for the West in crisis” [pdf] suggests that the basic rules of Islamic finance could relieve suffering markets and particularly international financial systems. It says that in the current atmosphere of crisis banks should take Muslims as an example and that the Islamic finance system may pave the way for the establishment of new rules in the Western world.




Islamic or Sharia banks differ from regular banks in two major ways. As commanded in the Koran, the charging of interest is prohibited in all monetary transactions. The other defining feature of Islamic banks is that they are supervised by a board of Islamic scholars and clerics whose job it is to ensure that the banks’ activities comply with Sharia law.


Its proponents argue that Islamic banking is “ethically superior” to the capitalist principles of the “materialistic” West because, as Giovanni Maria Vian, the editor of Osservatore Romano says, Sharia banks take “the human dimension of the economy” into account.
The two dirty secrets of Islamic banking, however, are that, like all banks, Sharia banks do charge interest – they just give it another name and that the clerics supervising the banks have ties to extremist, even terrorist, groups which work towards the Islamization of Europe and world dominance.
Helena Christofi, an expert on Sharia banking, explains that Islamic banks extend a type of Islamic “credit,” called murabaha, that shifts risk to the borrower in a manner similar to interest.




“An Islamic bank granting murabaha credit to a customer for an automobile, for example, would purchase the automobile for the customer for $15,000 and the customer would owe the bank $20,000 in a year’s time.



Similarly, under the ‘diminishing musharaka’ credit, the Islamic version of a mortgage, the bank and the customer purchase the property together. The customer must make monthly payments to the bank and pay a monthly rental fee, both based on the portion of the purchase price the bank still owns. Ironically, the interest this amounts to ranges between one and two percent higher than the interest on a conventional mortgage.



Although the resale price of the vehicle and the rent paid on the house are akin to simple interest charges, the banks’ sharia boards legitimate the charges by renaming them ‘commissions’ or ‘profits.’”
The Sharia boards supervising the Islamic banks and Sharia-compliant financial services offered by regular European banks are composed of members of the European Council for Fatwa and Research.



This Council is headed by Sheik Yousef Al-Qaradawi, a leader of the Muslim Brotherhood and instigator and financier of terrorism in Europe and the Middle East. Both Al-Qaradawi and the Council have expressed their hope that “Islam will return to Europe as a conqueror.”


With ever larger Muslim populations there is a growing internal demand for an “ethical alternative” to conventional banking for Muslims. A 2006 poll by Lloyds Trustee Savings Bank in Britain found that over 75% of British Muslims want Sharia-compliant banking products, while in 2005 Mufti Abdul Barkatullah, Sharia adviser to Lloyds TSB and an imam at a North London mosque reported that 20% of inquiries into Islamic products at Lloyds TSB came from non-Muslims who have bought the argument that conventional capitalist banking is somehow unethical.


Alun Williams, marketing director of the Islamic Bank of Britain, established in 2004 and one of the first Sharia banks in Europe, told The Guardian (April 2, 2005):
“Our biggest appeal outside the Muslim community will be to those who feel disenfranchised by, and bitter about, mainstream banks. […] Non-Muslims are fascinated by us, the more so because we intend offering […] an ethical dimension.”
That was four years ago.



Meanwhile, Islamic banking has boomed all over Europe and interest from non-Muslims has grown in the wake of the financial crisis, which some, such as the Vatican paper, claim is due to the free-market model having “grown too much and badly in the past two decades.”
Sharia principles, however, not only prohibit the collection and payment of interest and investing in companies involved in gambling, alcohol, tobacco, pornography and the production of pork, but also forbid women from opening bank accounts without their husband’s approval. How “ethical” the latter is for the non-Muslims “fascinated” by Sharia banking is unclear.



However, Western banks offering Sharia-compliant services to non-Muslims do not seem to insist on barring women. According to Christofi,
“The justification for replacing capitalism with the Islamic model is based on an intentional corruption of Sharia law, but the banks’ clerics don’t seem to mind undermining their theological philosophy, since the ethical image their misrepresentation has created for Islamic banking has managed to spread Islamic ideology to non-Muslims in Britain.


According to Al-Qaradawi, Islam’s ideological infiltration into the West will be the vehicle through which it will establish an Islamic government over the entire globe.”
Although Al-Qaradawi and other members of the European Council for Fatwa and Research are connected to Islamist circles, the British government continues to promote the UK as a hub for Islamic banking.


Western governments welcome Sharia-compliant banking because of the huge sums this attracts from Muslim immigrants, “ethically”-driven non-Muslims, and investors from Muslim countries.
In December 2008, the French Senate looked at ways to eliminate legal hurdles for Islamic financial services and products in France. French Finance Minister Christine Lagarde announced France’s intention to make Paris “the capital of Islamic finance” and said several Islamic banks would open branches in the French capital in 2009.



French sources estimate this area of the financial market is worth from 500 to 600 billion dollars and could grow by an average 11 percent a year.
In July 2007, Wouter Bos, the Dutch Finance Minister (and leader of the Dutch Labour Party), said the Dutch government actively encourages Islamic banking, despite the risk that this acts as a Trojan horse in the Western banking system for groups linked to terrorists.


“In the first place because Islamic banking meets a demand from the Muslims living in the Netherlands. In the second place because we see an opportunity here for the Dutch financial sector. A third reason is that banning Islamic banking from the perspective of fighting terrorism will have a counter-productive effect.



Denial of an actual need can lead to money-flows running via alternative channels out of the sight of the government.”
Switzerland, too, wants its share of Sharia banking. Years ago, Swiss banks already opened branches in the Middle East, offering worldwide Sharia-compliant financial products to wealthy Arabs.
In October 2006, the Swiss authorities granted a banking license to the first Switzerland-based bank that operates according to Sharia principles. Others have followed. “There are simply not enough financial products being created in the West for Muslim clients,” says John Sandwick, managing director of Swiss asset management firm Encore Management. “If no effort is made whatsoever, I am afraid the world will pass Switzerland by in the race to control the rich prize: which today is worth hundreds of billions, but in the future will be trillions of dollars of Islamic wealth.” Michael Fouad Chahine of Credit Suisse says “The development of Islamic banking has so far been limited to countries with a higher percentage of Muslims. But this is changing as more international regulators accept the importance of Sharia. It is now also accepted as socially responsible banking.”
How “socially responsible” and “ethical” is it to try to grab a share of the billions of dollars amassed by rich Arabs, while turning a blind eye to the fact that a substantial part of the money is used to promote terrorism and the establishment of an Islamic government over the entire globe?
In one of his sermons, Sheikh Al-Qaradhawi, one of the supervisors of the Sharia-compliant financial services offered in Britain, speaks of “the conquest of Rome.” In view of the recent article of the Osservatore Romano, Al-Qaradhawi’s words sound rather ominous:


“The city of Hirqil [Constantinople] was conquered by the young 23-year-old Ottoman Muhammad bin Morad, known in history as Muhammad the Conqueror, in 1453. The other city, Romiyya [Rome], remains, and we hope and believe [that it too will be conquered]. This means that Islam will return to Europe as a conqueror and victor, after being expelled from it twice […]. In one of my previous programs, I said that I think that this conquest [of Rome] would not be by the sword or armies, but by preaching and ideology. Europe will see that it suffers from materialistic culture, and will seek an alternative, it will seek a way out, it will seek a lifeboat. It will find no lifesaver but the message of Islam.”
Will the Vatican Bank be the next to go Sharia?


http://news.ronatvan.com/2009/04/18/...nquers-europe/
related topics
eternal_spirit is offline   Reply With Quote
Old 21-07-2009, 03:20 PM   #2
decim
Senior Member
 
Join Date: May 2009
Posts: 16,137
Likes: 2,985 (1,695 Posts)
Default

Kool a NWO.
__________________
DISCLAIMER: Reader discretion advised. The above post is entirely fictional, for entertainment purposes only. Any similarities to real life events, animals, humans, persons, politicians, or any other form of organisation entity living, dead or in any other state of existence are coincidental. Any opinion, comment or statements related or attributed to this username are not necessarily nor implied to be those held by the ip/computer/username or other electronic media device or service owner/user.
decim is offline   Reply With Quote
Old 21-07-2009, 03:22 PM   #3
eternal_spirit
Inactive
 
Join Date: Jan 2007
Posts: 31,206
Likes: 6 (6 Posts)
Default

More sources - Google search - key words - Shariah Banking conquers Europe.


1. Sharia Banking Conquers Europe | The Brussels Journal

"Sharia Banking Conquers Europe. From the desk of Thomas Landen on Tue, 2009-03- 24 12:53. All over Europe Islamic banks are establishing branches, ..."
www.brusselsjournal.com/node/3837

2. First Sharia Bank in Switzerland | The Brussels Journal

"Other European countries also have Sharia banks, but contrary to the Swiss bank, which will cater mainly to non-Swiss residents, these cater mainly to ..."
www.brusselsjournal.com/node/1479

3. Joels Trumpet » Blog Archive » Sharia Banking Conquers Europe

"46 Responses to “Sharia Banking Conquers Europe”. Greg Says: March 24th, 2009 at 8:05 pm. Sharia banking in the EU. ..."
www.joelstrumpet.com/?p=1845

4. Joels Trumpet » 2009 » March

"Sharia Banking Conquers Europe. Tuesday, March 24th, 2009. Brussels Journal: All over Europe Islamic banks are establishing branches, Western banks are ..."
www.joelstrumpet.com/?m=200903

5. Sharia Banking Conquers Europe - Hudson New York

"24 Mar 2009 ... Sharia Banking Conquers Europe. All over Europe Islamic banks are establishing branches, Western banks are offering Sharia-compliant ..."
www.hudsonny.org/2009/03/sharia-banking-conquers-europe.php

6. Sharia Banking Conquers Europe | Romanian National Vanguard News ...

"All over Europe Islamic banks are establishing branches, Western banks are offering Sharia-compliant financial services, and European governments are ..."
news.ronatvan.com/2009/04/18/sharia-banking-conquers-europe/

7. Britain's Sharia Courts creates an “institutionalized atmosphere ...

"30 Jun 2009 ... Sharia Banking Conquers Europe All over Europe Islamic banks are establishing branches, Western... Britain's Racial Suicide Rate Growing ..."
news.ronatvan.com/2009/06/30/britains-sharia-courts-creates-an-%E2%80%9Cinstitutionalized-atmosphere-of-intimidation%E2%80%9D/

8. Sharia Banking Conquers Europe - Stormfront

"Sharia Banking Conquers Europe Islamic or Sharia banks differ from regular banks in two major ways. As commanded in the Koran, the charging ..."
www.***************/forum/archive/index.php/t-584317.html

9. Anti-Semitism / Sharia Finance vs. Jewish Banking & Population ...

"Sharia Banking Conquers Europe, Dragonboat27, Newslinks & Articles, 14, 03-26- 2009 02:34 AM. Help: Need Info on Jews in Banking, Finance, ..."
www.***************/forum/showthread.php?t=598899

10. Sharia Banking // BlogCatalog Topic // BlogCatalog

"ritubpant has dugg: Sharia Banking Conquers Europe · onthewriteside has stumbled : Britain&039;s a world-leader in sharia banking | Qatar Living ..."
www.blogcatalog.com/topic/sharia+banking/

11. Shariah Finance Watch » Blog Archive » Bailout Fallout: Uncle ...

"Shariah Banking Conquers Europe · Dear Mufti M. Taqi Usmani… » ... As members of the AIG Takaful Shariah Advisory Board, they really work for you and me, ..."
www.shariahfinancewatch.org/blog/2009/03/26/bailout-fallout-uncle-sams-shariah-board/

12. BANK SYARIAH - SHARIAH BANK - ISLAMIC BANK: August 2008

"... in Islamic banking in Europe, Al-Qaradawi's hope that Islam conquers Europe ... Bank Al-Taqwa is connected to another Islamic banking entity in Europe ... JARINGAN KANTOR BANK SYARIAH DI INDONESIA - INDONESIA SHARIAH BANK NETWORK ..."
http://shariahbank.blogspot.com/2008_08_01_archive.html
13. Banking :: Writings by Islamist Watch

"Sharia Banking Conquers Europe, Brussels Journal, March 24, 2009. Forget bonus outrage, what about 'ShariAIG'? Jewish World Review, March 20, 2009 ..."
www.islamist-watch.org/topics/20/banking

14. Banking :: Writings by Islamist Watch from 2009

"Sharia Banking Conquers Europe, Brussels Journal, March 24, 2009. Forget bonus outrage, what about 'ShariAIG'? Jewish World Review, March 20, 2009 ..."
www.islamist-watch.org/topics/20/banking?year=2009

15. The Beast From The East - Home

"Sharia Banking Conquers Europe. All over Europe Islamic banks are establishing branches, Western banks are offering Sharia-compliant financial services, ..."
www.beastfromtheeast.org/

16. IsraelSupporter.com (IsraelSupporter) on Twitter

"Politicians Fret as Muslim Population Swells in Europe Amid Little ... Sharia Banking Conquers Europe: http://tr.im/hPSK #tcot #israel7:19 AM Mar 26th from ..."
twitter.com/Israelsupporter

17. Joels Trumpet

"Sharia Banking Conquers Europe. Tuesday, March 24th, 2009. Brussels Journal: All over Europe Islamic banks are establishing branches, Western banks are ..."
www.joels-trumpet.com/index.php?s=westerners

18. 28th March:Luton Demo-Respect the Troops AND Show Jihadists what ...

"24 Mar 2009 ... Home · MET- Police not ready for a “dirty bomb” as London hosts the G20 in April ; Sharia banking conquers Europe · All homosexuals should be ..."
keeptonyblairforpm.wordpress.com/2009/03/24/28th-marchluton-demo-respect-the-troops-and-show-jihadists-what-true-brits-think-of-them/

19. Think-Israel

"With the Muslim Brotherhood directly involved in Islamic banking in Europe, Al- Qaradawi's hope that Islam conquers Europe either by "ideology" or "by the ..."
www.think-
http://keeptonyblairforpm.wordpress....think-of-them/
20. OpinionEditorials.com – How Do You Solve a Problem Like Sharia ...

"How did Europe become home to an estimated 20 million Muslims in a mere three decades? ... that the introduction of Sharia Law, together with special bank holidays for .... Because they will burst in to conquer, and they will conquer by ..."
www.opinioneditorials.com/guestcontributors/msheppard_20060918.html

Last edited by eternal_spirit; 21-07-2009 at 03:25 PM. Reason: fixed links
eternal_spirit is offline   Reply With Quote
Old 21-07-2009, 03:29 PM   #4
decim
Senior Member
 
Join Date: May 2009
Posts: 16,137
Likes: 2,985 (1,695 Posts)
Default

Although the resale price of the vehicle and the rent paid on the house are akin to simple interest charges, the banks’ sharia boards legitimate the charges by renaming them ‘commissions’ or ‘profits.’”

Peace be upon them.
__________________
DISCLAIMER: Reader discretion advised. The above post is entirely fictional, for entertainment purposes only. Any similarities to real life events, animals, humans, persons, politicians, or any other form of organisation entity living, dead or in any other state of existence are coincidental. Any opinion, comment or statements related or attributed to this username are not necessarily nor implied to be those held by the ip/computer/username or other electronic media device or service owner/user.
decim is offline   Reply With Quote
Old 21-07-2009, 03:35 PM   #5
eternal_spirit
Inactive
 
Join Date: Jan 2007
Posts: 31,206
Likes: 6 (6 Posts)
Default

Quote:
Originally Posted by decim View Post
Although the resale price of the vehicle and the rent paid on the house are akin to simple interest charges, the banks’ sharia boards legitimate the charges by renaming them ‘commissions’ or ‘profits.’”

Peace be upon them.
So it's the usual Islamic semantics and lies? Like - when Mohammed said "kill the kaffirs" many Muslims deny that it really says what it means.

Last edited by eternal_spirit; 21-07-2009 at 03:36 PM.
eternal_spirit is offline   Reply With Quote
Old 21-07-2009, 03:41 PM   #6
decim
Senior Member
 
Join Date: May 2009
Posts: 16,137
Likes: 2,985 (1,695 Posts)
Default

All Usury SUCKS & BLOWS.

talmudic & talebanesque.

banks hoover up our lives, leaving you all the fluff & crud behind the fridge.

Quote:
Originally Posted by eternal_spirit View Post
So it's the usual Islamic semantics and lies? Like - when Mohammed said "kill the kaffirs" many Muslims deny that it really says what it means.
__________________
DISCLAIMER: Reader discretion advised. The above post is entirely fictional, for entertainment purposes only. Any similarities to real life events, animals, humans, persons, politicians, or any other form of organisation entity living, dead or in any other state of existence are coincidental. Any opinion, comment or statements related or attributed to this username are not necessarily nor implied to be those held by the ip/computer/username or other electronic media device or service owner/user.
decim is offline   Reply With Quote
Old 21-07-2009, 03:43 PM   #7
islamvslizards
Senior Member
 
Join Date: Jul 2008
Location: UK
Posts: 3,408
Likes: 0 (0 Posts)
Default

Quote:
Originally Posted by eternal_spirit View Post
So it's the usual Islamic semantics and lies? Like - when Mohammed said "kill the kaffirs" many Muslims deny that it really says what it means.
yet when asked to provide proof of this you do not oblige?

and please, we live in a free society. is the rule 1 islamic bank = 1 western bank closes down?

no

so whats the fuss?
__________________
Real Eyes Realise Real Lies


islamvslizards is offline   Reply With Quote
Old 21-07-2009, 03:49 PM   #8
eternal_spirit
Inactive
 
Join Date: Jan 2007
Posts: 31,206
Likes: 6 (6 Posts)
Default

Quote:
Alun Williams, marketing director of the Islamic Bank of Britain, established in 2004 and one of the first Sharia banks in Europe,
Sneaky, bet not many people knew that.
So maybe all the blather about the banks bailout etc etc, was the reason to covertly bring in "Sharia banks". Meh!
eternal_spirit is offline   Reply With Quote
Old 21-07-2009, 03:51 PM   #9
islamvslizards
Senior Member
 
Join Date: Jul 2008
Location: UK
Posts: 3,408
Likes: 0 (0 Posts)
Default

Quote:
Originally Posted by eternal_spirit View Post
Sneaky, bet not many people knew that.
So maybe all the blather about the banks bailout etc etc, was the reason to covertly bring in "Sharia banks". Meh!
possibly - the banks are funded and run by wahabbis so i would be wary of any dealings with them
__________________
Real Eyes Realise Real Lies


islamvslizards is offline   Reply With Quote
Old 21-07-2009, 08:48 PM   #10
eternal_spirit
Inactive
 
Join Date: Jan 2007
Posts: 31,206
Likes: 6 (6 Posts)
Default

Quote:
defining feature of Islamic banks is that they are supervised by a board of Islamic scholars and clerics whose job it is to ensure that the banks’ activities comply with Sharia law.
Guess all the top saving returns Gold cards or whatever will go to Muslims. How can they apply Shariah to none Muslims.
Anyone make sense of this?
eternal_spirit is offline   Reply With Quote
Old 21-07-2009, 08:54 PM   #11
whiterain
Senior Member
 
Join Date: Apr 2008
Posts: 4,333
Likes: 192 (100 Posts)
Default

i thought certain islamic banks were not allowed to charge interest like western banks as usury is still viewed as a crime?
__________________
Usually just thinking out loud
whiterain is offline   Reply With Quote
Old 21-07-2009, 08:57 PM   #12
eternal_spirit
Inactive
 
Join Date: Jan 2007
Posts: 31,206
Likes: 6 (6 Posts)
Default

Quote:
Originally Posted by whiterain View Post
i thought certain islamic banks were not allowed to charge interest like western banks as usury is still viewed as a crime?
Semantics - the end results are the same, I suggest re read the artcilce.

The two dirty secrets of Islamic banking, however, are that, like all banks, Sharia banks do charge interest – they just give it another name and that the clerics supervising the banks have ties to extremist, even terrorist, groups which work towards the Islamization of Europe and world dominance.
eternal_spirit is offline   Reply With Quote
Old 21-07-2009, 09:17 PM   #13
leviathanstaar
Senior Member
 
Join Date: Jan 2009
Posts: 1,422
Likes: 1 (1 Post)
Default

I dont hate islam, Allah, muhammed, or even thier overt overuse of the word "verily".

I do say I'm getting tired of Shariah law beleivers calling for it every place they go


Does anyone realize how badly western powers would abuse Shariah law?

It would be a nightmare.

Not the just the Shariah law, but the the very fact of how badly it would be abused.
__________________
Yesterday, upon the stair,
I met a man who wasn’t there.
leviathanstaar is offline   Reply With Quote
Old 21-07-2009, 09:57 PM   #14
rosix
Inactive
 
Join Date: Apr 2009
Posts: 778
Likes: 1 (1 Post)
Default

somehow the Rothschilds are involved..!

regardless there's treachery afoot!!
rosix is offline   Reply With Quote
Old 21-07-2009, 10:02 PM   #15
aitch
Inactive
 
Join Date: Jul 2007
Posts: 177
Likes: 0 (0 Posts)
Default

Quote:
Originally Posted by eternal_spirit View Post

All over Europe Islamic banks are establishing branches, Western banks are offering Sharia-compliant financial services, and European governments are trying to outcompete each other in welcoming them.

Proponents of banking along the lines of Sharia (Islamic law) claim that the Islamic banking system is “more ethical” than the West’s capitalist system. This is not true. Unfortunately, however, in our age of crashing financial markets, many Westerners – not just the traditional anti-capitalist European left – seem very eager to buy that argument.




Early this month, even the Vatican newspaper Osservatore Romano voiced its approval of Sharia banking. “The ethical principles on which Islamic finance is based may bring banks closer to their clients and to the true spirit which should mark every financial service,” the paper said in a downright stupid and “unethical” article published on March, 4.





The article, entitled “Islamic finance proposals and ideas for the West in crisis” [pdf] suggests that the basic rules of Islamic finance could relieve suffering markets and particularly international financial systems. It says that in the current atmosphere of crisis banks should take Muslims as an example and that the Islamic finance system may pave the way for the establishment of new rules in the Western world.




Islamic or Sharia banks differ from regular banks in two major ways. As commanded in the Koran, the charging of interest is prohibited in all monetary transactions. The other defining feature of Islamic banks is that they are supervised by a board of Islamic scholars and clerics whose job it is to ensure that the banks’ activities comply with Sharia law.


Its proponents argue that Islamic banking is “ethically superior” to the capitalist principles of the “materialistic” West because, as Giovanni Maria Vian, the editor of Osservatore Romano says, Sharia banks take “the human dimension of the economy” into account.
The two dirty secrets of Islamic banking, however, are that, like all banks, Sharia banks do charge interest – they just give it another name and that the clerics supervising the banks have ties to extremist, even terrorist, groups which work towards the Islamization of Europe and world dominance.
Helena Christofi, an expert on Sharia banking, explains that Islamic banks extend a type of Islamic “credit,” called murabaha, that shifts risk to the borrower in a manner similar to interest.




“An Islamic bank granting murabaha credit to a customer for an automobile, for example, would purchase the automobile for the customer for $15,000 and the customer would owe the bank $20,000 in a year’s time.



Similarly, under the ‘diminishing musharaka’ credit, the Islamic version of a mortgage, the bank and the customer purchase the property together. The customer must make monthly payments to the bank and pay a monthly rental fee, both based on the portion of the purchase price the bank still owns. Ironically, the interest this amounts to ranges between one and two percent higher than the interest on a conventional mortgage.



Although the resale price of the vehicle and the rent paid on the house are akin to simple interest charges, the banks’ sharia boards legitimate the charges by renaming them ‘commissions’ or ‘profits.’”
The Sharia boards supervising the Islamic banks and Sharia-compliant financial services offered by regular European banks are composed of members of the European Council for Fatwa and Research.



This Council is headed by Sheik Yousef Al-Qaradawi, a leader of the Muslim Brotherhood and instigator and financier of terrorism in Europe and the Middle East. Both Al-Qaradawi and the Council have expressed their hope that “Islam will return to Europe as a conqueror.”


With ever larger Muslim populations there is a growing internal demand for an “ethical alternative” to conventional banking for Muslims. A 2006 poll by Lloyds Trustee Savings Bank in Britain found that over 75% of British Muslims want Sharia-compliant banking products, while in 2005 Mufti Abdul Barkatullah, Sharia adviser to Lloyds TSB and an imam at a North London mosque reported that 20% of inquiries into Islamic products at Lloyds TSB came from non-Muslims who have bought the argument that conventional capitalist banking is somehow unethical.


Alun Williams, marketing director of the Islamic Bank of Britain, established in 2004 and one of the first Sharia banks in Europe, told The Guardian (April 2, 2005):
“Our biggest appeal outside the Muslim community will be to those who feel disenfranchised by, and bitter about, mainstream banks. […] Non-Muslims are fascinated by us, the more so because we intend offering […] an ethical dimension.”
That was four years ago.



Meanwhile, Islamic banking has boomed all over Europe and interest from non-Muslims has grown in the wake of the financial crisis, which some, such as the Vatican paper, claim is due to the free-market model having “grown too much and badly in the past two decades.”
Sharia principles, however, not only prohibit the collection and payment of interest and investing in companies involved in gambling, alcohol, tobacco, pornography and the production of pork, but also forbid women from opening bank accounts without their husband’s approval. How “ethical” the latter is for the non-Muslims “fascinated” by Sharia banking is unclear.



However, Western banks offering Sharia-compliant services to non-Muslims do not seem to insist on barring women. According to Christofi,
“The justification for replacing capitalism with the Islamic model is based on an intentional corruption of Sharia law, but the banks’ clerics don’t seem to mind undermining their theological philosophy, since the ethical image their misrepresentation has created for Islamic banking has managed to spread Islamic ideology to non-Muslims in Britain.


According to Al-Qaradawi, Islam’s ideological infiltration into the West will be the vehicle through which it will establish an Islamic government over the entire globe.”
Although Al-Qaradawi and other members of the European Council for Fatwa and Research are connected to Islamist circles, the British government continues to promote the UK as a hub for Islamic banking.


Western governments welcome Sharia-compliant banking because of the huge sums this attracts from Muslim immigrants, “ethically”-driven non-Muslims, and investors from Muslim countries.
In December 2008, the French Senate looked at ways to eliminate legal hurdles for Islamic financial services and products in France. French Finance Minister Christine Lagarde announced France’s intention to make Paris “the capital of Islamic finance” and said several Islamic banks would open branches in the French capital in 2009.



French sources estimate this area of the financial market is worth from 500 to 600 billion dollars and could grow by an average 11 percent a year.
In July 2007, Wouter Bos, the Dutch Finance Minister (and leader of the Dutch Labour Party), said the Dutch government actively encourages Islamic banking, despite the risk that this acts as a Trojan horse in the Western banking system for groups linked to terrorists.


“In the first place because Islamic banking meets a demand from the Muslims living in the Netherlands. In the second place because we see an opportunity here for the Dutch financial sector. A third reason is that banning Islamic banking from the perspective of fighting terrorism will have a counter-productive effect.



Denial of an actual need can lead to money-flows running via alternative channels out of the sight of the government.”
Switzerland, too, wants its share of Sharia banking. Years ago, Swiss banks already opened branches in the Middle East, offering worldwide Sharia-compliant financial products to wealthy Arabs.
In October 2006, the Swiss authorities granted a banking license to the first Switzerland-based bank that operates according to Sharia principles. Others have followed. “There are simply not enough financial products being created in the West for Muslim clients,” says John Sandwick, managing director of Swiss asset management firm Encore Management. “If no effort is made whatsoever, I am afraid the world will pass Switzerland by in the race to control the rich prize: which today is worth hundreds of billions, but in the future will be trillions of dollars of Islamic wealth.” Michael Fouad Chahine of Credit Suisse says “The development of Islamic banking has so far been limited to countries with a higher percentage of Muslims. But this is changing as more international regulators accept the importance of Sharia. It is now also accepted as socially responsible banking.”
How “socially responsible” and “ethical” is it to try to grab a share of the billions of dollars amassed by rich Arabs, while turning a blind eye to the fact that a substantial part of the money is used to promote terrorism and the establishment of an Islamic government over the entire globe?
In one of his sermons, Sheikh Al-Qaradhawi, one of the supervisors of the Sharia-compliant financial services offered in Britain, speaks of “the conquest of Rome.” In view of the recent article of the Osservatore Romano, Al-Qaradhawi’s words sound rather ominous:


“The city of Hirqil [Constantinople] was conquered by the young 23-year-old Ottoman Muhammad bin Morad, known in history as Muhammad the Conqueror, in 1453. The other city, Romiyya [Rome], remains, and we hope and believe [that it too will be conquered]. This means that Islam will return to Europe as a conqueror and victor, after being expelled from it twice […]. In one of my previous programs, I said that I think that this conquest [of Rome] would not be by the sword or armies, but by preaching and ideology. Europe will see that it suffers from materialistic culture, and will seek an alternative, it will seek a way out, it will seek a lifeboat. It will find no lifesaver but the message of Islam.”
Will the Vatican Bank be the next to go Sharia?


http://news.ronatvan.com/2009/04/18/...nquers-europe/
related topics
You've made almost 15,000 posts Eternal_Simpleton, can I ask :
Do you have nothing else to talk about except Islamophobic bullshit?

Last edited by gilly; 22-07-2009 at 04:12 AM. Reason: Personal insult
aitch is offline   Reply With Quote
Old 21-07-2009, 11:14 PM   #16
gilly
Banned
 
Join Date: Jan 2009
Location: Preston, Lanc's, UK
Posts: 9,449
Likes: 1 (1 Post)
Default

Please avoid making personal insults towards other members!

Thanks.
gilly is offline   Reply With Quote
Old 22-07-2009, 12:14 AM   #17
cheeb
Banned
 
Join Date: Feb 2007
Location: Forest of Dean, England
Posts: 2,650
Likes: 1 (1 Post)
Default Good On Ya' Man...!!!

Quote:
Originally Posted by aitch View Post
You've made almost 15,000 posts Eternal_Simpleton, can I ask :
1) Do you have nothing else to talk about except Islamophobic bullshit?

If You Read Eternals Posts They Are Not Particulary Anti Islam...

Most Of His Earlier Stuff Was Anti Talmudic...

And Not In Favour Of Aleistair Crowley Too Much...!!!


I Reckon He Has Seen Through The Religious Bullshit...

By "Researching" It To A Point Where Most People Wouldn't...

He Is Well Balanced...

He Has Got A Chip On All Three Shoulders...!!!


(That's A Joke Eternal Spirit...)


cheeb is offline   Reply With Quote
Old 22-07-2009, 07:32 AM   #18
paulstott
Senior Member
 
Join Date: Sep 2008
Location: Hackney Hardcore
Posts: 247
Likes: 0 (0 Posts)
Default

Quote:
Originally Posted by rosix View Post
somehow the Rothschilds are involved..!
In Islamic banking?
paulstott is offline   Reply With Quote
Old 22-07-2009, 01:38 PM   #19
rosix
Inactive
 
Join Date: Apr 2009
Posts: 778
Likes: 1 (1 Post)
Default

Quote:
Originally Posted by paulstott View Post
In Islamic banking?
you're naive to think that any form of banking is allowed to exist in European society without their unequivocal will for it to exist
rosix is offline   Reply With Quote
Old 22-07-2009, 09:32 PM   #20
eternal_spirit
Inactive
 
Join Date: Jan 2007
Posts: 31,206
Likes: 6 (6 Posts)
Default

Quote:
Originally Posted by cheeb View Post

He Is Well Balanced...

He Has Got A Chip On All Three Shoulders...!!!


(That's A Joke Eternal Spirit...)



Have enough for a chip butty soon
A few weeks ago, we reported here that there are 85 Shariah courts operating in the UK:
http://www.shariahfinancewatch.org/b...-closed-doors/
Now the news is getting worse.
The Shariah authorities in Great Britain admit that 5% of their proceedings involve non-Muslims, and there is at least some suggestion that these folks have been intimidated in some way to end up in Shariah court.
This is one of the worst cases of Creeping Shariah that we have ever seen; citizens of one of the most significant Western nations are basically denied due process under the law and are having justice dispensed by a foreign law. This is shameful and it absolutely must be stopped.
We must be vigilant to ensure that this does not come to the USA, where there are Shariah arbitration panels and tribunals also operating:
http://www.express.co.uk/posts/view/...-sharia-courts


As we reported on Friday, Hizb ut-Tahrir held its conference outside of Chicago yesterday. They were met by protests…
http://abclocal.go.com/wls/story?sec...cal&id=6922880
Note also that, while Hizb ut-Tahrir claims to seek the overthrow of capitalism and the establishment of a caliphate by “peaceful” means, Guy Benson of National Review has uncovered that the organization has in fact endorsed jihad as a legal obligation…
http://media.nationalreview.com/post/?q=ZjU4MmZjOGI2MGJmMGFlYTAzOWQ2NzE1Z

More related articles

http://www.shariahfinancewatch.org/b...y/shariah-law/

Last edited by eternal_spirit; 22-07-2009 at 09:34 PM.
eternal_spirit is offline   Reply With Quote
Reply

Bookmarks

Tags
britain, europe, islamisation

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT. The time now is 11:42 PM.


Shoutbox provided by vBShout (Lite) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.