Shariah-Compliant Financing: How Muslims Invest In Pork & Porn

Shariah compliant financing is designed to keep infidels ignorant of what it is, how it works, and who is behind it. The closest I can come to explaining the conundrum, is:

Shariah_Compliant_Financing_10

1. It is against Shariah law to pay interest on borrowed funds, or to pay interest to a lender.

2. Shariah-compliant banking institutions assure Muslim customers (non-Muslim customers aren’t asking, and know nothing!) that profits and interest will not come to them through unclean, impure investments; i.e., tobacco, pornography, pork, gambling, drugs, alcohol, music and WESTERN DEFENSE (our military and it’s suppliers).

3. Not so obvious: Investments in these sectors are scrambled. Put the unclean in a fund with clean investments, shake it up, and like magic, no one can see the dirty stuff in there. Profits are gained from the dirty stuff, and all of it is sent to an Islamic “charity,” which has turned out to be jihadis, on more than one occasion. A Muslim advisor, some Sheiks, or other influential, powerful Muslim(s), ‘guides’ the banking institution: ‘Hey, it’s okay. Go ahead and invest in that profitable pork producer.’ (Envision drool down the beard, gleeful wringing of hands.) Again, when the pork investment is profitable, the profit must be kicked back to a Muslim “charity,” chosen by the Muslim guru(s).

Another instance of laws with no spine. ‘Oh, go ahead, throw some porn in there.’ We’re familiar with spineless laws in the U.S., too.

Doesn’t this leave you thinking that the impure profits would be attractive, desirable, too tempting to ignore, for funding jihad, or even a true charity, if there is such a thing within Islam? Try finding the number of annual dollars kicked back to some Muslim enemy of the U.S., enemies of women, children, gays and lesbians. If you find those dollars, let me know.

Shariah allows for a small portion of an investment’s income to come from prohibited sources, though a Shariah-Compliant fund cannot profit from this income. Instead, it must separately account for these earnings and donate them to a charity.” Source: Investopedia 

Scroll down the page for an incredible number of institutions enjoying their compliance to Shariah. Do you know where your dollars go?

Click the pic to visit MoneyJihad

Click the pic to visit MoneyJihad

Pam Geller on Seattle’s mayor attempting to institute Sharia law plan for Muslim home buyers 7-20-15:

Taxpayer dollars for Islamic finance is a violation of the establishment clause — it violates the separation of church and state, or in this case, mosque and state. No special rights for special (supremacist) classes.

Shariah is a unified whole — a guide to every aspect of human behavior. It doesn’t just involve interest and loans. The teachings of Islam regarding war against and subjugation of unbelievers are part of Shariah as well. The mayor of Seattle is opening the door to Shariah, and because he has already shown himself to be compliant, he will receive more demands for accommodation of Shariah in the future. This is a radical, intolerant, violent, misogynistic, antisemitic ideology, and he should not be kowtowing to it.

Seattle mayor’s Sharia-law plan for Muslim home buyers,” Puget Journal, Jul 18, 2015
New program for those prohibited from paying interest

The Seattle mayor’s plan is make “access” to Shariah-compliant financing easier for Muslims. Maybe a Muslim, driving for Uber, will deliver the homebuyer to one of the banks mentioned below. Obviously, the Muslim Uber driver will not make a profit. He will cover his costs –– only. (Honestly, how in the heck can this work?)

Home buyers using Shariah compliant “loans” do it this way:

This site, Halal, Inc. explains buying a home with no debt, no interest and no lien. The example is, the buyer finds a home, forms a “partnership” with Halal. The buyer invests $10,000 in the home. Halal pays a full $90,000. The total invested is $100,000. “Since the property is fully owned right from the beginning, there is NO debt, NO riba [interest], and NO lien.”

The buyer is renting the house, until there is no longer a balance due. Sounds like what most of us do, everyday, but we don’t consider our mortgage payment to be “rent.” See a better explanation from Guidance Residency, the largest US provider of Shariah-compliant financing: Declining Balance Co-ownership Program: 

The monthly payment consists of two portions; an amount that is allocated for acquisition of Guidance Residential’s equity and the other allocated as rent for use of the portion of the home they do not yet own. The acquisition amount helps in buying Guidance Residential’s shares of ownership over the predetermined period of time and the rent is the profit Guidance Residential earns from this co-ownership

The “rent” is profit to Guidance, yet Muslims cannot pay interest, and cannot receive profit from investments, so the ruse is, the rent portion isn’t something you own, it’s just rent. So, maybe Guidance is not owned by Muslims, but it doesn’t matter. In that event, under Shariah law, Guidance would have to had over their “profits,” which clearly isn’t happening if the “rent” is “profit.”  Mindboggling. Schemers. Maybe I’ve got it wrong. Splain it to me.

Money Advice Service (UK)

“Your bank will follow the advice of a panel of Muslim bank advisers to make sure that profit-generating activities are Sharia-compliant. Some of the profit the bank earns from these activities is returned to you, allowing you to grow your savings without earning interest. ~

Understanding Wall Street and Shariah-compliant financing: In 2009, I posted a video from ACT! For America featuring Joy Brighton, Shariah Finance Expert, Columbia MBA, ACT! For America. The transcript is below. See the video here.

You are being told that quote: Muslims have religious banking requirements, and if you create investments according to Shariah law, 1.2 billion Muslims, loaded with oil money, will beat a path to Wall Street”

However, the majority of Muslims world-wide, do not want to have anything to do with Shariah law, or Shariah finance. Every day, Muslim leaders are warning about the dangers of Shariah finance. There’s the Muslim Canadian Conference, the American Islamic Forum for Democracy, Muslims Against Shariah, and many other Muslim moderates in the west. But no one is listening.

Shariah banking was created by Sheiks, like al-Qaradawi, , a terrorist banned from entering the United States, and Great Britain, yet, as I speak, Al Quardawi, the international Islamic finance agent, how does he describe Shariah finance:

I like to call it Jihad with money because God has ordered us to fight our enemies with our lives and our money.” ~ Sheik Yousuf al-Qaradawi.

The danger of Shariah finance is not only that it is welcoming Shariah law into our society, but a percentage of this money must go to Islamic charities.

The problem is, since September 11th, twenty-seven Islamic charities have been identified by the US government as funders of terrorism. [as of 2009 – I count 70+ on this list as of July 2015). Yes, America needs investment dollars, but are we willing to trade national security for it, there are ways to accept oil money into our economy, and protect our democracy without opening up ourselves up to Islamic Sharia law.

New evidence shows that Al Qaeda financed September 11th attacks with funds received from Shariah banking. Is anybody listening?

Let me tell you what Wall Street is actually doing. First, they are marketing Shariah investments as a ‘Hot New Product,’ for all American pension funds, insurance and corporations. Second, they are hiring religious Sheiks to sit on advisory boards, overseeing where and how to invest dollars to comply with Islamic law. This is giving Muslim Sheiks a seat of power at corporate headquarters all over America.

Wall Street is welcoming Islamic law into our society through our banking system.

What is Wall Street not doing? First, Wall Street is not disclosing the connection between Shariah law, the Taliban, Al Qaeda and Iran. Second, Wall Street is not telling customers the jihadi background of the Shariah experts they are hiring. Third, Wall Street is not being clear if, how or where profits are being sent. Many of you are customers of these banking institutions who are offering Sharia bonds, mutual funds, hedge funds and insurance.

AIG, Arcapita, BNP Paribas, Bank of America, Citicorp, Barclay Capital, BlackRock Shariah Finance, Dow Jones Indexes, Deutche Bank, Goldman Sachs, HSBC Amanah, JPMorganChase, Merrill Lynch, Millennium Finance Corp, Morgan Stanley Capital, Paulson & Co., S&P Family of Shariah Indexes, Shariah Capital, UBS United Bank of Switzerland and Wachovia.

The above list is from the 2009 video linked above.

In 2011, the following are claimed to have joined the list — (In some cases, the entire institution is Shariah-compliant. In other cases, the overall institution is not Shariah-compliant but it has a division or subsidiary that is, or it offers a product that is Shariah-compliant. In still more cases, some of the entities listed below do not offer financial products at all, but play key roles in enabling Shariah Compliant Finance in the West.)

Amana Mutual Funds Trust, Ameen Housing Cooperative, Anchor Finance Group, Al-Baraka Bancorp, Beam Capital Management, Bloomberg, The BMB Group, Calyx Financial, Century 21, CIMB Group, Clearstream, The Coca-Cola Company, Credit Suisse, Deloitte, Devon Bank, Ernst & Young, Failaka Advisors, The Fairfax Institute, Gigh Council of North America, Fitch Ratings, GE Capital, Guidance Financial, Guidance Residential, Harvard Law School, HSBC, Idealratings.com, Imam Fund/Allied Asset Advisors, Ijara Loans, International Institute of Islamic Thought (IIIT), International Islamic Financial Market, International Shariah Research Academy for Islamic Finance (ISRA), Islamic Financial services Board (IFSB), KPMG, LARIBA, Moody’s Investor Services, Bank of New York Mellon, NASDAQ, Natwest, Royal Bank of Scotland (RBS), Shariah Capital, Standard Chartered Bank, Standard & Poor’s, Thomson Reuters, University Islamic Financial Corporation, Virji Investments, Wafra Investment Advisory Group, Wellington Management, Westlaw, Bank of Whittier, Wolters Kluwer Financial Services, World Islamic Economic Forum, Zayan Takaful.

Find more Shariah-compliant banking institutions here.

Thinking bank auditors stop/catch money going to undesirable, terrorist-designated organization is naive.

More from the video, Joy Brighton, Shariah Finance Expert, Columbia MBA, speaking:

They are branding Shariah law as legitimate and ethical.

What is driving the Shariah banking craze? Money and lots of it. The Middle East takes in over one trillion dollars a year in oil profits. This translates to billions of dollars lining the pockets of investment banks, law firms, insurance companies, and consultants. Today, lawyers and consulting firms are the key drivers in the Shariah banking craze; in fact, Harvard Law just hosted it’s 8th annual [2009] Islamic banking conference, where these firms learn that these markets are very ethical, and culturally important.

My colleagues were there. No one explained what Shariah law is, its link to terror, and human rights abuses. Harvard Law is even teaching the U.S. Treasury about the opportunities of Islamic banking.

I’ve had hedge fund managers, advisors, [inaudible], and bank CEOs say to me, if I don’t do this deal, someone else will. Make it illegal, and I’ll stop doing it.

Maybe this all sounds crazy, but no more crazy than September 11th would have sounded on September 10th. No more crazy than our government needing to bail out our economy to the tune of $700 billion, and the disasters of Bear Stearns, Fannie Mae, Freddie Mac, and Lehman Brothers.

Isn’t someone telling the government about this? Yes, we have. Over the past year, my colleagues and I have sat down with top officials the Securities and Exchange Commission (SEC), U.S. Treasury, the Attorney General’s office, aides to President Bush, and CEOs at banks. We have provided them with detailed documentation. The response from the Treasury Department?

“I don’t know what Shariah Law is, but it can’t possibly be what you say it is.” ~ Treasury Department office

Another senior Treasury official said:

“We are not responsible for disclosure or transparency. ~ Treasury Department Official

The SEC said:

“Wall street is disclosing. They are saying that these religious investments can’t invest in alcohol or pork.” ~ SEC official

Let me ask you, how would you react if your pension fund proudly invested in ethical, no alcohol mutual funds, and then you discover there’s a relationship between your investment and terrorists killing U.S. soldiers and civilians.

In my opinion, that’s securities and consumer fraud. We are selling our soul, and our security for money.

End video transcript

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