Monday, March 20, 2006
Most British Muslims Want Islamic Banking, Treasury Keen To Understand Development Of Islamic Financial Products
The title of this report is "Britain Aims to Become Europe's Most 'Islam-Friendly' Economy", and to be honest, it's a better opening line than I could come up with :
London (CNSNews.com) - As more and more British banks offer special services to Muslims, the government says its wants to make the United Kingdom the most Islam-friendly economy in Europe.Yeah, I mean, why the hell should Muslims integrate into British society and use our "dirty" Kufr banking systems [insert roll eyes smilie here].
Treasury officials said they wanted to create a "level playing field" for banks selling financial products that comply with Islamic law (shari'a.)
In addition to providing for the 1.8 million Muslims who live in Britain, Treasury spokesman Tom Youldon said the government would continue to promote the country as a center of Islamic finance for Muslims based abroad.
According to government estimates, global assets controlled by Islamic banks stand at around $500 billion and are growing at a rate of 10-15 percent a year.
"Shari'a-compliant" finance forbids any form of interest - called "usury" in the Koran. Although a Muslim cannot earn interest, Islamic institutions can pay investors a share of profits, as earning a profit is not prohibited.
All partners in a business venture must share risk equally and Muslims cannot invest in businesses dealing in alcohol, gambling or pornography.
To get around these restrictions when selling mortgages, for example, a bank will buy a property and then rent it back to its customer for a set number of years.
Currently, the Islamic Bank of Britain is the only fully Islamic retail bank here, but several British banks have begun to offer a line of shari'a-compliant products in the last year or so.
Humayon Dar, an economist specializing in Islamic finance, said most British Muslims wanted Islamic banking, but only if it came with the convenience they were used to getting from other banks.
He said he personally favored Western banks offering shari'a-compliant services over the creation of small Islamic institutions.
Ashraf Piranie, financial director at the Islamic Bank of Britain, said many laws relating to purchasing and leasing commercial property were unfair to Muslim business owners.
They were either forced to pay a higher rate of tax when using shari'a-compliant business arrangements or to compromise their religion.
Piranie said his bank had been in talks with the government and predicted tax rules would be adjusted once Chancellor Gordon Brown unveils the government's 2006 budget on Wednesday.
"Thankfully the Treasury has been very keen to understand the issues facing the development of Islamic financial products," he said.
While analysts agree that the core of Islamic banking will probably remain in the Middle East, many argue that London is a natural magnet for such activity.
Rodney Wilson, a professor of economics at the University of Durham, said that since the city is already a major financial center, many Middle Eastern bankers were already comfortable with doing business there.
One problem Islamic financing in the West faced was the shortage of people knowledgeable in shari'a who were able to help structure complex deals, he said.
Another was that while a particular scholar may be qualified in terms of religion, his English may not be good enough to understand complicated contracts.
Hamid Yunis, a lawyer with the London firm of Taylor Wessing, said Islamic financing was flexible enough to tackle projects of almost any size.
Last year, his firm helped an international consortium buy a $250 million office complex in the heart of London in a shari'a-compliant deal that used a form of Islamic bonds as equity.
"In Islam, there's a saying that in matters of [business] dealings, everything is possible - unless it's prohibited," he said.
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---------------I wonder if the government would like to 'understand' and be 'most friendly to' other parts of Shari'a, such as the murder of those who renounce Islam, or the perhaps the inherent joy of stoning a woman to death for apparent adultery.
---------------now come on jonz, both you and I know that those things aren't really in the quran, only the "distorted" edition, which is rejected by 99.999999%...ahh, who am i kidding
- Interview With Brigitte Gabriel - Must Watch Video - Brigitte Talks Of Her Life Growing Up As A Christian In Lebanon And The Muslim Mentality Towards Christians And Jews In The Middle East
- "Conservative leader David Cameron likens Islamist extremists to Nazis. [..] In a Foreign Policy Centre speech he also said a strain of Islamist thinking had developed, offering redemption through violence."
Protests / Riots
- London Cartoon Protest [3rd Feb 2006]. This Video Was Recorded From Within The Crowd Of The Muslim Cartoon Protesters And Is A Must Watch For Every Briton [Via Nefafoundation.org]
- A Mob Of Muslims Break Up An MCB Meeting [19/04/05] - The Police Use Very Soft Tactics To Disperse the Mob And No Arrests Are Made. Minor Scuffles Break Out About 8 Minutes 30 Seconds In And Iqbal Sacranie [MCB Head] Is Confronted A Couple Of Times
- Beware The Thought Police - Newsnight Discussion Over The Cartoon Protest. I Have Posted This Specifically For The Clip [1:30 seconds in] Where The Policeman Tells A Bystander That He Isn't Allowed To Object To People Calling For His [And Our] Murder.
- They're Angry And They Don't Know Why - Students Are Interviewed About The Motoons. Classic Moment 35 Seconds In, Watch The Face Of The Guy Next To The Interviewer.
Major Islamic Terror Attacks And Tributes
- High Definition Footage Of The 9/11 Islamic Terror Attacks - [Due To High Quality And Short Length Video Will Stutter Until Fully Downloaded]
- This Documentary Captures The Gripping Stories Of Six Israelis Whose Lives Were Turned Upside Down By Terrorist Attacks
- 9/11 Tribute With "Live And Let Die" [Guns And Roses] Playing In The Background. In My Opinion This Is The The Best Short Tribute To The 9/11 Victims I Have Seen To Date
- Tribute To The Firefighters Of New York Based Mostly Around The Unique Footage From Inside The WTC Taken By The Naudet Brothers - 2 Hour Documentary
- Abu Abdullah, "British" Muslim Convert Tells How He Would Like To See Western Leaders Murdered Along With More Terror Attacks On Brits And Americans(Must Watch)
- Baber Siddiqi Explains How Groups Such As Hizb Ut Tahrir Use British Universities To Recruit And Brainwash Students To Islamic Extremism
- "Two British-born Muslims, from a radical Islamist sect, talk to Newsnight about their extremist beliefs. [..] In a controversial film, they speak to Richard Watson arguing that British citizens are now seen as legitimate targets."
- Abu Izzadeen, Al Ghurabaa Member Praises July 7th Terrorists And Mocks Terror Victims (I Believe It Is The Same Guy From Above Clip)
- The Seeds Of Hatred - The Real "Root Causes" - Teachers Applaude Toddlers Who Want To Become Suicide Bombers, Music Videos Which Call For "Martyrdom", Footage Of Terrorist Training Camps For Children And Other Examples Of Muslim Incitement Against Jews
- The Popular Use Of The Word "Shahada" - A Compilation Of Clips Showing "palestinian" Muslims Teaching Their Children To Yearn For Death
- 14 Year Old "palestinian" Muslim Boy Is Caught By IDF Soldiers On His Way To Carry Out A Suicide Terror Attack Against Jewish Civilians. Troops Disarm And Rescue The Boy
- Iranian Children Are Brainwashed As Part Of International "Quds Day" [The Lady In The Video Uses A Puppet To Warp The Youngsters Minds]
- Bahrainian Children Protesting Outside A UN Building Discuss How They Would Like To Murder Bush, Sharon, Jews And Other "Infidels". [The Boy In The Picture (He Is Roughly 5 Years Old) Is Saying "We Must Fight Against The Jews And Reclaim The Al Aqsa Mosque"
- A Young Muslim Girl Asks For The Children To Be Given Guns So That They Can Exterminate "The Jews" (Aired On Official PA TV)
- A Short Video That Exposes How The "palestinian" Muslim Leaders Teach Their Children To Take Up Arms And Die For "The Cause"
- Must Watch Video - Muslim Childrens Pro-Terrorism Graduation Day (Children Dress Up As Their Favourite Suicide Bomber/Terror Leader)
Jihad In America
- A Clip From Steve Emerson's 'Jihad in America'. Originally Aired On PBS In 1994 But Suppressed By CAIR, The Documentary Reveals How Islamic Terror Organisations Infiltrated The US And Preached Violent Jihad Freely Against Americans
- Muslim Jihadis Rally In New York, Call For The Extermination Of Jews And Repeteadly Declare Support For Islamic Terrorism
Sermons Of Hate / Discussions
- It's The Religion Of Piece And He'll Kill You To Prove It - Must Watch - Sheikh Bakr Abd Al-Razzaq Al-Samarai, Preaching At The Abd Al-Qadir Al-Gaylani Mosque In Baghdad
- Sheik Ibrahim Mudeiris - Friday Sermon In A "palestinian" Mosque. Video Is Mostly An Anti-Jewish Hate Speech. At The End The Sheik Declares That The Muslims Will Rule America And Britain
- 3 Ex-Terrorists Speak Out About The Muslim Mindset Regarding Non-Believers, Support For Terror Groups Amongst Muslims In The West And Much More - Must Watch Video!
Islamic Terrorist Organisations
- A Short Clip About Hamas, Their Terrorist Attacks And Ideology. Roughly Halfway Through The Video There Is A Brief Shot Of The Official Hizb Allah Salute. You Might Recognise It As The Nazi Salute
- Unholy Asylum - Short Clip Regarding The Siege Of The Church Of The Nativity Carried Out By "palestinian" Muslim Terrorists
- Various Clips Of Destroyed Churches, Burned Bibles And The General Aftermath Of The Anti-Christian Riots In Egypt Last Year
- PALLYWOOD - Must Watch Video - Children Fake Injuries, Doctors Coach Women To Claim They Were Forced To Give Birth At Checkpoints, People Rise From The Dead And Other Scenes Staged By "palestinian" Muslims For Western News Media
- Emmad El-Faluji, "Palestinian" Minister Of Communications Reveals The Real Strategy Behind The "Palestinan" Violence. He Explains That The Intifadeh Was Not A Spontaneous Response To Ariel Sharon's Visit To The Temple Mount. Rather, It Was A Pre-Planned, Coordinated Attack Against Israel To Stall The Peace Process
The Unreported Jihad Against The Serbs
- Sky News Report About The Jihad Against The Serbs During The 90's. Details Arab Muhajideen Inciting The Genocide Of Serb Christians, Serb Prisoners Executed (Beheaded) By Bosnian Muslims [Cut From Footage], Churches Desecrated And Much More. Everything The MSM Didn't Want You To See
- British Muslims Recruited By Arab Muhajideen For The Bosnian Muslim Jihad [Against The Serb Christians] Talk About Their Joy In Fighting The "Holy War" For Allah, Declare Their Pleasure In Seeing Serbs Massacred And State That Killing Serb Infidels Is Like A "Great Holiday" For Muslims [Footage Of Mass Graves Of Serb Civilians Removed From Clip]
Terror Attacks Celebrated In The Islamic World
- "Palestinian" Muslim Terrorist Scum Celebrate The Bombing Of An Israeli Pizza Parlour By Devoting A Shrine To The Mass Murder. The Shrine Was Created At A Nablus University
- High Quality Footage Of Haj Amin Al Husseini Meeting With Hitler And Assessing His Muslim Nazi Troops. Report Also Details Influence Of Nazism On The Modern Islamic World [Video Is In German]
"Miracles" Of Allah (The Frickin Merciful)
- If A Roaring Lion Doesn't Convince You That Allah Exists, Then What Will? (Lion Roars At The End, Clip Also Contains Several Other Pics Of Allah's Miracles. Such As Clouds And Trees)
Off Topic Blogs
- Infidel Bloggers Alliance
- KIC - Israeli Current Affairs
- Drunken Blogging
- Simply Jews
- Islamic Evil
- Little Green Footballs
- Jihad Watch
- Sunni Triangle
- Biased BBC
- (WWII Era)
- Fatah Police Do The Nazi Salute
- Hezbollah Hitler Youth Style Rally
- Fateh Youth Members Do The Nazi Salute
- Entire Iranian Crowd Do Nazi Salute In Germany Vs Iran Football Match During German National Anthem, In Germany! (9/10/2004) alt pic 1alt pic 2
- Hezbollah Nazi Salute
- Lebanese Islamonazi Rally
- Various Pictures Of Muslims Doing The Nazi Salute
- Must Listen To Clip - The 5 Deceptions Of Islam - Why The G-d Of The Christians And Jews Is Not Allah, Debunking The Religion Of Peace Myth, Jesus In Islam and more
- Memri - Translated Arab/Islamic media
- Arutz Sheva - Israel National News
- Middle East Info
- Israel21c - Israeli high tech news
- Cage - Coalition Against Global Extremism
- Israel Insider
- Camera - Committee For Accuracy In Middle East Reporting In America
- PMW - Palestinian Media Watch
- The Official Website of the Prophet Mohammed - Beware of Cheap imitations!
- Jewish Task Force
- Masada 2000
- Palestine Facts - Great resourse on the Israel/"Palestine" conflict
- American victims of Islamic terrorism
- TheReligionofPeace.com - List of islamic terror attacks since 9/11
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