Jihad Comes to Wall Street

Shari’a financing involves the use of so-called “advisors” to certify that transactions comply with the tenets of shari’a law’s medieval behavioral code. Worryingly, nearly every one of these advisors works for organization directly or indirectly associated with the radical Wahhabist or Salafist schools of Islamic thought. — Center for Security Policy, Nov 28, 2007

Alex Alexiev writes in the National Review Online this morning:

If you’ve seen Geert Wilders’s film Fitna [Ed. — You can view it here], you may not have noticed a single headline amongst all the bombings, beheadings, and earnest expressions of Islam’s eventual world domination: Halal-fund: investments for Muslims

Fitna

… But the investment vehicles referenced are an essential part of radical Islam’s efforts to insinuate itself into Western societies in order to destroy them from within. And Wall Street, barely out of the woods from its disastrous run-in with sub-prime mortgages — and having lost one of its historic investment houses, Bear Stearns, in the process — is now chasing the very kind of “sharia finance” against which Wilders’s movie warns, a business line that may eventually wind up being even more calamitous than the subprime-mortgage fiasco.

Far from being a legitimate investment vehicle, sharia finance facilitates religiously sanctioned support for terrorist organizations — as well as providing radical Islamists with highly paid sinecures as sharia-finance board advisors in the sanctum sanctorum of capitalism, all the while that they are pursuing a subversive campaign to destroy it.

Consider the board chairman of the Dow Jones Islamic Index (IMANX), one Mufti Taqi Usmani. Mr. Usmani is widely reputed to be one of the world’s top experts on sharia finance. Whatever his stockpicking abilities may be, they are dwarfed by his jihadist credentials. A key executive of Pakistan’s prominent Deobandi jihadist factory, the madrassa Darul Karoom Karachi (currently headed by his brother, Rafi Usmani), Taqi Usmani has openly advocated jihad by Muslims in the West, and just last month again publicly endorsed suicide bombing and the Taliban.

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