The New York Times published a disturbing article today in which illustrates the emergence of Shariah Finance globally at the expense of conventional finance.

While Western lenders are simply not lending these days, sukuk (Islamic bond) issuances are soaring. The long-term impact of this is negative for Western Civilization because it facilitates the acceptance in the West of Shariah. Remember, the whole purpose of Shariah Finance is to promote Shariah and the promoters of Shariah Finance consider their activity to be “dawah” operations. Dawah basically means missionary operations.

The Islamists will use their wealth to coax Westerners into accepting Shariah through the financial backdoor.

http://www.nytimes.com/2012/03/29/world/middleeast/islamic-lending-grows-as-western-banks-take-breather.html?_r=1

 

 

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