Wednesday, November 05, 2008

U.S. Treasury Department To Hold Training Seminar In Shari'ah Compliant Finance

Below is a portion from the invitation:
Islamic Finance 101

Hosted by the U.S. Department of Treasury

In association with the Islamic Finance Project - Harvard Law School


November 6, 2008

1:00 p.m. to 5:00 p.m.

1500 Pennsylvania Avenue NW, Washington D.C

Seminar at the US Department of the Treasury:

“Islamic Finance 101″

November 6, 2008

1:00 p.m. - 5:00 p.m.

Department of Treasury, Washington DC

Purpose: This forum is designed to help inform the policy community about Islamic financial services, which are an increasingly important part of the global financial industry. The Department of the Treasury, working with Harvard University’s Islamic Finance Project, will host speakers from academia and industry to share information on the development of Islamic finance, both in the United States and globally. The primary audience of this seminar is comprised of staff from U.S. banking regulatory agencies, Congress, Department of Treasury and other parts of the Executive Branch. For some in attendance, this may be their first and only opportunity to learn formally about Islamic finance. We expect about 100 people in the audience. The presentations will be short and focused, directed toward policy makers rather than academics.
Read the rest HERE.

A background-and-fact sheet from USA - Stop Shariah is HERE.

Go HERE to read information about the coalition formed to protest the U.S. Treasury's seminar. A bit more about the protest:
Leading members of the Coalition will be holding a press conference at the National Press Club’s West Room at 10:00 a.m. They will be calling upon the Treasury to cancel the seminar it is co-sponsoring that afternoon with the country’s most prominent academic boosters of Shariah-Compliant Finance: Harvard University Law School’s Islamic Finance Project.

Thursday’s “seminar for the policy community” is entitled “Islamic Finance 101.” It will be held in Treasury’s headquarters building next to the White House and - judging by the slated speakers - it will amount to little more than a vehicle for promoting Shariah-Compliant Finance. Apparently, there will be no discussion of the seditious nature of Shariah, which explicitly seeks to destroy the government and Constitution of the United States in favor of a global theocracy.

Speakers will include Robert Spencer, renowned author and expert on Shariah law, Jihadwatch.org project of the David Horowitz Freedom Center; Frank Gaffney, Center for Security Policy; Dan Pollak for Mort Klein, Zionist Organization of America; Andrea Lafferty, Traditional Values Coalition, and others. Speaker updates will be listed at www.usastopshariah.org

Members of the Coalition include Concerned Women for America, ACT for America, Institute for the Study of Islam and Christianity, the Zionist Organization of America, Traditional Values Coalition, Center for Security Policy, Endowment for Middle East Truth, Unity Coalition for Israel, Let Freedom Ring, Christian Solidarity International, Tradition Family & Property Inc., Women United, Jewish Action Alliance, Florida Security Council, Society of Americans for National Existence and the Center for Security Policy.
Is the U.S. Treasury looking to infuse our financial infrastructure with shari'a-finance funds?

Another kind of bailout?

3 comments:

Anonymous said...

Sharia Finance Watch
is an excellent website dedicated to following shari’a compliant financial instrument infiltration.

Despite assurances of shari’a complaint financial instruments stability . . .the real story emerges:

Sharia Investment In The Real World: Pakistan seeks $10bn from expats to avoid bankruptcy via telegraph.co.uk

********
From a recent Jihadwatch.org thread, segment of video interview discusses Islamic financial instruments: Geert Wilders with Robert Spencer

Robert Spencer:

Yes they are. Yes. In many cases it’s because of very short sighted political or economic calculations. Of course, Sharia finance is a very grave problem with the wholesale buying up of so much of Western properties, Western capital assets. . .so many things. What would you say to bankers, to financiers, to economists who think that it’s a simple necessity to make various concessions and accomodations to deal with the Islamic world and Islamic finance?

Geert Wilders:

I say to them, to bankers as I say to other people that are accomodating . . .It sounds in the short term it might sound attractive to your business but in the long term you will pay the price and the price will be that you will have nothing to say anymore about your investment, about your bank . ..it will be gone entirely. It will be out of your hands. Don’t think you are dealing with a Swiss bank or Bank from the Caribbean whatsoever. You are dealing with a bunch of people that at the end of the day want to submit you, to rule you, and want to enforce on you their ideology. You will have nothing to say and you will have helped them making your own grave. This is something that people should be aware of, they should not do.

*****
Recent online articles about the tenuous nature of finance and it's vulnerability to shari'a takeover:



Beware Fool’s Gold — and Shari’a Finance via FrontPageMag.com By Alyssa A. Lappen

America Must Not Bail Out Sharia Finance via Jeffrey Imm, Anti-Jihad League of America 10-3-2008

The Threats of Sharia Finance via FrontPageMag.com By Jamie Glazov


Replace capitalism with Islamic financial system: cleric Oct. 12, 2008 via Breitbart.com

Islamic bankers see Sharia system strengthening as it overcame global financial meltdown 10/27/2008 via Factjo.com

Barclays secures funds from Qatar and Abu Dhabi 10/31/2008 via TimesOnline.com UK

‘Financial Terrorism’ Has To Be Considered 09/18/2008 via Pat Dollard

Islam Buys up The West, piece by piece 01/29/2008 via AtlasShrugs2000.typepad.com

Iran hails world financial crisis as ‘end of capitalism’ 10/15/2008 via Breitbart.com

Iran’s Khamenei: Rule Of Money In West Over video via BreitbartTV

Europe on the brink of currency crisis 10/26/2008 via Telegraph.co.UK

Sarkozy: “Arabic Is the Language of the Future” 10/14/2008 via The Brussels Journal

of Sharia finance, zakat and Islamic charities - fits Obama’s spreading the wealth 11/04/2008via Jillosophy.blogspot.com

Brown Aims for London to Dominate Islamic Banking and Finance via Bloomberg.com 13 June 2006

Islamic financial industry to benefit from UK debt ShariaBanking.net Monday, 02 April 2007

New sharia row over Chancellor’s plans for ‘Islamic bonds’ via MailOnline 17 February 2008

FSA encourages growth of Islamic finance in UK banking-business-review.com 29th November 2007

Islamic banking sought by U.K. via International Herald Tribune Published: WEDNESDAY, JUNE 14, 2006



HRW

Always On Watch said...

HRW,
Thanks for the comprehensive comment and all those links.

Shari'a finance is part of the economic jihad mentioned by OBL.

Of course, because the Bush administration wants the word "jihad" to be tabu, I shouldn't be mentioning that. **snerk**

Just the word shari'a makes me crazed. It's part and parcel of "fundamental" Islam.

Anonymous said...

Thanks AoW - always appreciate your insight.

Sharia and Marxism are two topics that trigger a most unpleasant Tourettes marathon which would embarrass a drunken sailor - along with a simultaneous obsessive compulsive rehash of bookmarked recent articles which connect the dots to the Ikhwan platform.

If even one reader begins to recognize this threatening pattern evolving at breakneck speed - then it's worth my spittle and angst for posting it.