Iranian President Mahmoud Ahmadinejad told Obama to choose Israel or choose Iran: “The support of both Israel and Iran can’t go hand and hand,” he said. Obama has already chosen Iran. See an important video below.
Ahmadinejad spoke at the 25th Session of Standing Committee for Economic and Commercial Cooperation (COMCEC) of the Organization of the Islamic Conference (OIC), and the little banty rooster took capitalism to the woodshed. Going in the back door, he tried to pump up the drive for Shariah Compliant Finance in the U.S., indeed throughout the West, through his admonishment of capitalism. God forbid, we have the Democrats echoing him. Forget choosing between Israel and Iran. That little sound bite is a diversion – all of Achmidinejad’s sound bites are diversions.
Addressing the same conference a day earlier,
Ahmadinejad said that capitalist excesses caused the global economic
meltdown and were un-Islamic, as leaders at a Muslim forum touted their
religion’s banking system a way to revive battered economies.
He also slammed investments
that pay interest, deemed usury by Muslims, and said they had
contributed to financial and social problems such as homelessness…
“Usury, which is entrenched in the capitalist
system, is perhaps the main reason why the system has gone bankrupt,”
Ahmadinejad said. “It is a way of accumulating capital without working.
Usury, according to the Koran, is fighting with Allah.”
One year ago, Frank Gaffney writing for the Washington Times, told us how it is happening in the U.S. with the Harvard Law School’s Project on Islamic Finance leading the way.
The department [U.S. Treasury] is hosting a half-day course entitled “Islamic Finance
101” on Thursday at its headquarters building.
Treasury’s self-described “seminar for the policy community” is co-sponsored with
the leading academic promoters of Shariah and SCF in the United States:
Harvard University Law School’s Project on Islamic Finance.
At the very
least, the U.S. government evidently hopes to emulate Harvard’s success
in securing immense amounts of Wahhabi money in exchange for conforming
to the Islamists’ agenda. Like Harvard, Treasury seems utterly
disinterested in what Shariah actually is, and portends.
Unfortunately, such submission – the literal meaning of “Islam” – is
not likely to remain confined long to the Treasury or its sister
agencies. Thanks to the extraordinary authority conferred on Treasury
since September, backed by the $700 billion Troubled Asset Relief
Program (TARP), the department is now in a position to impose its
embrace of Shariah on the U.S. financial sector.
The nationalization of
Fannie Mae and Freddie Mac, Treasury’s purchase of – at last count – 17
banks and the ability to provide, or withhold, funds from its new
slush-fund can translate into unprecedented coercive power.
From Australian Islamist Monitor:
SCF or Sharia Compliant Finance is now the hottest product in the
financial markets around the world. Wall Street in America is on board
big time with this Islamic Banking scheme, although you would think
Wall Street would be more careful especially as they are still enduring
the GFC (Global Financial Crises) and suffered badly after the 9/11
attacks on the World Trade Centre in 2001.
Ironic, isn’t it, that
Al-Qaeda used funds derived from Sharia Finance to finance the
terrorist act on America. But does Wall Street care? Not when your
mantra is “Greed is Good”. It is estimated that the annual profits
flowing into the Arab oil states is around one trillion dollars which
means the Arab banks are awash with money.
As we will see, part of the
profit of Sharia Compliant Finance must be paid as Zakat to Islamic
Charities. Now it is up to a board of Islamic clerics to decide which
charities are the beneficiaries of this money. [Zakat is paid by American banks instituting Shariah Compliant Financing].
Does the humanitarian side to Islam shine here and do we see billions
going to feed the hungry in Sudan, or build infrastructure in Gaza and
the West Bank to improve living conditions for the poor Palestinians?
No, in fact it is exactly the lack of this humanitarian side which
exposes the fraud in Islamic charity. Sadly, much of the money finds
its way into the hands of terrorist organizations like Hamas or
From Human Events: Sharia-Compliant Finance Funds Jihad:
Turn your clock back 70 years. Imagine that Wall Street banks and
brokerages sold Nuremberg-compliant bonds and stock funds in 1938.
American Nazi sympathizers bought financial instruments certified by
Berlin-based advisors as free of “Jewish profits” from, say, Salomon
Brothers and Bloomingdale’s.
In turn, a percentage of such funds’
gains underwrote pro-Nazi charities, like the German-American Bund, and
similar organizations in the Fatherland, like the Hitler Youth.
Seventy years hence, an analogous outrage grows on Wall Street, only this time for real.
finance (SCF) is expanding among banks and securities houses eager to
absorb the hundreds of billions of petrodollars cascading into the
Middle East, thanks to $100-per-barrel oil.
To lure this cash,
financial companies increasingly offer vehicles that neither pay
interest nor benefit from gambling, entertainment, alcohol, pork, or
anything considered “haram” or “un-kosher” in Islam. Bahrain’s
International Islamic Financial Market (IIFM) counts $97 billion in
Islamic bonds in circulation with another $66 billion forecast through
2008 — and SCF is not limited to the bond market.
SCF goes far beyond marketing to Muslims and Middle Easterners. IIFM
lists “wider sharia acceptance” among its goals. Selling
sharia-compliant investments legitimizes a barbaric theocratic
orthodoxy that should be defeated, not promoted.
What is your bank doing? I plan to find out about mine.
From the Tehran Times:
Assets held by fully Shariah-compliant banks or Islamic banking windows of conventional banks, rose by 28.6 percent, to $822b from $639b in 2008.
From Shariah Finance Watch:
Shariah-compliant Finance Helps Terrorist Banks in Iran:
If ever there was evidence of the sinister nature of Shariah-Compliant Finance, it can be found in Iran.
Iran is the world’s foremost terrorist-sponsoring nation, a country which sponsors Hezbollah, HAMAS and Al Qaeda.
Iran also supports the Taliban with weaponry in their fight against
NATO forces in Afghanistan. And it is common knowledge that Iran is the
principle supplier and training ground for insurgents in Iraq.
Shariah-compliant financing, funds terrorists. It is really, really simple:
…a boom in Islamic financing has added much-needed ballast to banks’
bottom lines. Iranian banks now hold $235bn of sharia-compliant assets,
which makes up 37.5% of total sharia-compliant assets worldwide.
In fact, The Banker’s Top 500 Islamic Institutions ranking, published
last October, shows Iran has more Islamic assets than all other
countries and its banks account for six of the top 10 Islamic
institutions worldwide. Bank Melli Iran has the most sharia-compliant
assets in the world at $48bn. The others in the top 10 are Bank Saderat
Iran, Bank Mellat, Bank Tejarat, Bank Sepah and Bank Keshavarzi.
The Australian Islamist Monitor turns the 2.5% zakat (donation to Islamic charities) into something easily understood: one dollar in very $40 dollars earned – goes to Islamic countries to support their
Shariah-compliant credit cards – see information here. You don’t even have to be Muslim to have a Shariah-compliant credit card. You can fund jihad when you buy your groceries. MasterCard and Visa process these cards.
Thanks to ACT! for America for the video