Wednesday, May 07, 2008

Islamic Divorce Denied In Maryland

The information below the fold is an encouraging development that provides some anti-dhimmitudinal satisfaction. Nevertheless, the case may not have larger significance in the greater counter-jihad.
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Excerpt from the May 7, 2008 edition of the Baltimore Sun:
Saying "I divorce thee" three times, as men in Muslim countries have been able to do for centuries when leaving their wives, is not enough if you're a resident of Maryland, the state's highest court ruled yesterday.

Yesterday, the Court of Appeals rejected a Pakistani man's argument that his invocation of the Islamic 'talaq', under which a marriage is dissolved simply by the husband's say-so, allowed him to part with his wife of more than 20 years and deny her a share of his $2 million estate.

The justices affirmed a lower court's decision overturning a divorce decree obtained in Pakistan by Irfan Aleem, a World Bank economist who moved from London to Maryland with his wife, Farah Aleem, in 1985. ...
Irfan Aleem had lived for nearly twenty years at the top echelons of the bankings in the West. But when his wife filed for divorce in Montgomery County, Maryland, in 2003, Mr. Aleem decided to pursue a shari'a avenue to limit the cost of the settlement terms:
But before the legal process could be completed - and without telling his wife - Aleem went to the Pakistani Embassy in Washington and invoked the 'talaq', in effect attempting to turn jurisdiction of the case over to a Pakistani court that later granted him a divorce.
The Maryland Court of Appeals nullified his Aleem's plan, although
Muneer Fareed, secretary-general of the Islamic Society of North America, said that if Aleem had traveled to Pakistan and invoked his talaq there, it might have been recognized in a U.S. court under the concept of comity, under which nations accept the premise of a law in another country "whether or not we agree with the law or its spirit."
Read the entire article. Additional information about the case is here and here.

The above small victory for anti-dhimmitude, apparently achieved because Irfan Aleem didn't physically travel to Pakistan to invoke 'talaq', is encouraging. But, at the same time, another form of shari'a law — shari'a banking — continues to gain ground within Western nations.

From this source, an article entitled "The Silent Jihad Against the West" (Hat-tip to Infidel Bloggers Alliance):
Islamic Sharia banking is coming to the United States and other western nations, thanks to global banks such as Citigroup, HSBC, Deutsche Bank, Morgan Stanley and Goldman Sachs. Great Britain is now pledging to become the Islamic banking center of the world. Clearly the headlong rush by all global banks to enter the world of Islamic banking is well underway. Why do western banks seek to participate in Sharia banking; because it gives them a chance to enter the Islamic banking industry which has over $1.5 trillion available today and is growing at a steady and explosive rate of over 15% per year.

The implications for the west, and especially for the United States, are staggeringly destructive. Islamic banking working through global banks is doing for Islam what it could never do on its own: giving legitimacy to Sharia law and infiltrating it into the fabric of western society.

For those not familiar with Sharia Banking; it is a system which creates and sells services and products that are in strict accordance with Sharia law. Sometimes it is referred to in the Islamic culture as "Sharia finance". It dictates how the practices of banking, investment, bonds, loans, brokerage, etc, are to be conducted.
To insure compliance and to become "Sharia banking" compliant, banks must hire Sharia experts to review and approve each product and practice of the bank....There is a shortage of such Sharia experts so there is competition among banks to find such experts to sit on their boards of directors. By having an "expert" involved in banking decisions, this provides the legitimacy to each banking decision because it is made at the director rather management level. However, most of these Sharia experts" are from the radical Wahhabi school of Islam in Saudi Arabia and elsewhere, and they hold views diametrically opposed to the basic values of Western civilization.
Read the entire article.

For current developments in shari'a banking, please visit Shariah Finance Watch.

[Cross-posted to THE ASTUTE BLOGGERS]

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posted by Always On Watch @ 5/07/2008 06:03:00 PM  

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Tuesday, April 29, 2008

Shari'ah Law And Church's Chicken

The story below relates what happened to the Beasleys (Baltimore, Maryland) and illustrates just one aspect of how shari'ah-compliant finance can directly affect us here in the United States.
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From this source:
A Baltimore couple has filed a federal civil rights lawsuit against the Islamic investment bank that owns the Church's Chicken fast-food chain, alleging their franchise failed because the bank's strict adherence to the religious code of Shari'ah prohibited the couple from selling pork.
Read the entire article HERE.

(Hat-tip to Shariah Finance Watch, interviewed during the last hour of the April 25, 2008 edition of The Gathering Storm Radio Show. CLICK HERE to access the podcast and to learn more about shari'ah finance)

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posted by Always On Watch @ 4/29/2008 07:38:00 AM  

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Saturday, January 05, 2008

Shari'a Finance On The Rise

(All emphases by Always On Watch)

From this article in The August Review:
Simply put, “Islamic banking and finance” creates, sells and services products that are in strict accordance with Shari’a. In the Islamic culture, it is referred to as “Shari’a finance” and covers the practices of banking, investment, bonds, loans, brokerage, etc.

To insure Shari’a compliance, banks must hire Shari’a scholars to review and approve each product and practice as “halal”, the Muslim equivalent of kosher in Judaism. Because there is a shortage of such scholars, there is competition between banks to find the best expert to sit on their boards of directors. This provides the highest legitimacy to each ruling because it is made at the director rather management level.

It should be noted that most of these scholars are from the school of radical Wahhabi/Salafi Shari’a in Saudi Arabia and elsewhere, holding views diametrically opposed to the basic values of Western civilization.

Shari’a finance has many differences from orthodox banking: Notably, it cannot charge interest (usury) and it calls for alms giving (zakat). It also calls for avoidance of excessive risk and may not be associated in any way with gambling, drinking alcohol, eating pork, etc.

Zakat demands a tithe of 2.5 percent of revenue be donated to Islamic charity. If western banks follow this rule, their contributions will be staggering. It is certain that a portion of this money will end up in the hands of radical Muslims who are sworn to destroy the U.S. and replace its government with Shari’a law.

Shari’a finance is a recent phenomenon. There were very few Islamic banks prior to 1980. However, with the Khomeini revolution in Iran in 1979, Shari’a was summarily imposed throughout Iran and Shari’a finance took off.
The article concludes as follows:
International bankers have long ago proven themselves to be completely amoral when it comes to money. They bankrolled the Bolshevik Revolution in 1918 just as blithely as they bankrolled Hitler in the 1930’s. Fortunately for us, neither succeeded in conquering the world.

With Islam, odds of its succeeding are radically different. To start with, there are already 1.6 billion Muslims in the world, and it is the fastest growing religion in history. Secondly, the spread of Islam is richly financed by the oil that is extracted from mid-eastern countries. Thirdly, Islam has already infiltrated most of the west, especially in Europe.

And now, Islam has behind it the combined support and encouragement of the entire global banking community.

The unholy alliance between Islam and global banking may be the final leg on the age-old quest for global domination. Don’t be surprised at the silence of the global elite the next time you hear Islamist mobs chant “Death to America” – their goals are now intertwined.
Read the entire article HERE, and note the bibliographical links at the end:
Sharia’s Trojan Horse
Islamic Finance or Financing Islamism? (.pdf file)
Islamic Economics: What Does it Mean?
Federal Reserve speech to Islamic Financial Services Industry Seminar
Fed speech on Regulation and Supervision of Islamic Banking
Islamic banking rises on oil wealth, drawing non-Muslims
How the West Came to Run Islamic Banks
12th Annual World Islamic Banking Conference
University Islamic Financial
Islam and Mammon, Timur Kuran

See also Video Center, Islam/Shari'a on The August Review
Go to the original article to enable the links for the above bibliography.

The first of my two laws of history states as follows: It's always about the power, money and power being the same thing.

We are seeing a shift in that money-power, and the shift is accelerating.

[Cross-posted at THE ASTUTE BLOGGERS]

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posted by Always On Watch @ 1/05/2008 09:40:00 AM  

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