A state-run Islamic bank in Thailand will soon issue an Islamic bond (sukuk).

There are obviously a few aspects of this worthy of commentary:

• Islamization has progressed enough in Thailand at this point that state-run banks are Shariah compliant.

• The fact that Shariah Finance has taken hold in Thailand, a country with approximately 4.6% Muslim population, can only be because of pressure from wealthy Islamic nations and interests pressuring the 96% Buddhist nation to embrace any aspect of Shariah.

• It should be noted that while the financial jihadists are at work in Thailand, violent Jihadists are as well. Southern Thailand has been wracked by an Islamic insurgency since 2004 and nearly 5,000 people have been killed by the violence.

http://www.xe.com/news/2012/03/28/2572533.htm?utm_source=RSS&utm_medium=TL&utm_content=NOGEO&utm_campaign=News_RSS_Art6

 

 

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