Studying Islamic Finance

السلام والازدهار العدالة المجتمعي
You are visiting a blog associated with an online noncredit course studying the topic of Islamic Finance, moderated by John Wiley Spiers. Feel free to participate in our discussion, and if you are interested in taking the course visit http://www.johnspiers.com/Islamic_Finance/Welcome.html

Saturday, September 22, 2012

Shariah Finance & Terrorism

Since acts of terror are forbidding in Islam, financing terror is not Islamic.  By definition, anyone engaging in terror or financing it is in defiance of Islam.  No doubt some Moslems engage in terrorism, but it is expressly against their religion.  Some Christians engage in terrorism when it is against their religion.  It has always been thus.  Nonetheless, people try to tie Shariah Finance to terrorism.



But allowing Shariah-compliant finance in the U.S. is green-lighting a seditious system that supports jihad, said Frank Gaffney, founder and president of the Center for Security Policy in Washington, D.C.
"If you understand what Shariah is, you understand that it is a pretty awful system. Not something that you'd want insinuated in your society and becoming a major feature of your economic system," Gaffney said.

"Shariah (Islamic law as dictated by the Koran) governs all aspects of life, from the personal practice of the faith to how you relate to your family to how you relate to your business partners, to your community ... all the way up to how the world is run, and it is all one seamless program. You can't say 'I'll take the personal pietistic practice ... and skip the beheading and the flogging and the stoning and the global theocracy,'" he said.


Gaffney makes money saying such things.  His reference to pietistic practice is Catholic, and as a cafeteria Catholic himself, Gaffney fears there may be a religion where people actually act on their beliefs.  Isn't Christianity supposed to encompass the believer  "from the personal practice of the faith to how you relate to your family to how you relate to your business partners, to your community ... all the way up to how the world is run, and it is all one seamless program.?"

Nice attempt there tying in ethical investing with flogging, beheading and stoning.  Given that there are Sunni, Shi'ite, Wahabi and so on versions of Islam, the chance of a global Moslem theocracy are about as likely as a global Christian theocracy, a unity Gaffney is supposed to pray for.

I grew up around Irish Catholics, and there was always a kid like Gaffney, trying to stir things up, what the Church calls controversialists.  I had no idea there was money in it, that when such a kid grows up there would be big bucks available to open a "think tank" and make money saying crazy, damaging things.

No comments:

Post a Comment