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Eurabia Watch


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HOME > PUBLICATIONS > Shariah Finance: What Every Elected Official – And Citizen – Should Know

February 3, 2010

Shariah Finance: What Every Elected Official – And Citizen – Should Know

The Editors

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The global market for Islamic financial products is now in the trillions of dollars, with billions invested right here in the U.S. Businessmen may salivate over the prospect of these profits, but they come at a higher cost than many realize.
 
What too many Americans are unaware of is that many Middle Eastern investors are using their new financial power to force America to change the way it does business to comply with Islamic religious beliefs, called Shariah Compliant Finance (SCF). What’s even more worrisome is that American businesses that become SCF can unknowingly have their investment dollars sent as “zakat” (Islamic charitable) funds to terrorist entities or terrorist-sponsoring entities.
 
Unfortunately, Shariah Finance is rapidly growing in our nation. General Electric just recently issued a $500,000 Shariah Islamic Bond called a “Sukuk.” Goldman Sachs and Citigroup were the lead sellers of this Shariah Islamic GE bond.
 
  • What is Shariah Finance?
  • What is the connection between Shariah Compliant Products and Shariah Law?
  • Does Shariah Finance Violate US Securities Law?
  • Is there a connection between Sharia Banking and Terrorism?
  • Why are AIG, Citigroup and HSBC offering these instruments?
 
JOIN AN EDUCATIONAL FREE WEBINAR:
 
SHARIAH FINANCE:
WHAT EVERY ELECTED OFFICIAL SHOULD KNOW
 
Joy Brighton, former Wall Street trader and Columbia MBA, educates elected officials at all levels of government about this parallel banking system growing within America.
 
Next Webinar:
Wednesday, February 3, 2010
From 1:00 p.m. – 2:00 p.m. (EST)
 
(Please go here here to register for this FREE Webinar)
 
For more background on this troubling trend, click here and here.
 
Brought to you by the editors and research staff of FamilySecurityMatters.org.

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You are fools. The GE Capital sukuk was for $500 million not $500,000. Also your idea of where any impremissible income is donated is way off. That is always disclosed; in the case of GE Capital, it was donated to buildOn, Inc., a U.S. based, 501(c)(3) charity described as ”a non-profit organization that empowers primarily urban U.S. high school students through in-class and intensive after-school programs. In addition to tremendous contributions of community service in their own cities and neighborhoods, buildOn youth actually build schools and bring literacy to children and adults in developing countries around the world. buildOn programs are designed to build confidence and real-world capabilities in American youth while also empowering communities world-wide to overcome the crippling cycle of illiteracy, poverty and low expectations by opening the door to education.”

posted by: biafra27
Wednesday, February 3, 2010 at 10:22 PM

All people deserve very good life and personal loans or car loan would make it better. Just because freedom relies on money.

posted by: MARITZAOdonnell35
Thursday, November 3, 2011 at 05:21 PM