As I explained in an entry last April, sharia financing is a technical tool designed to introduce sharia law into the West via the economy. Last week the Coalition to Stop Shariah held a press conference at the National Press Club to protest the fact that the Treasury Department appears to be not only condoning sharia financing, but giving its employees training courses on it.
As Kyle Schindler of the Endowment for Middle East Truth noted at the press conference: "it is supremely ironic that the Treasury Department, [the] government agency responsible for prosecuting charities which fund Islamic terrorism is now considering a financial system which will mandate banks and investment products [to] donate to those charities."
As Treasury is now directly engaged in much of what Wall Street does, its openness to sharia financing can be extremely harmful.
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