Shariah-finance market set to hit $1 trillion, as Ernst and Young promotes jihadists
Shariah Finance Watch Jun 10, 2010
By Christopher Holton
There can be no doubt that, unfortunately, the There can be no doubt that, unfortunately, the Shariah Finance industry is growing. Of course, just like the article linked below, the industry uses dishonest methods to promote itself, such as claiming-falsely, that "Islamic" finance is insulated from economic and financial crisis.
Nevertheless, industry insiders predict that the market for Shariah-Compliant products and services will hit $1 trillion soon. Sadly, they're probably right.
The accounting/consulting firm Ernst and Young is leading the parade and credits the Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) for future success.
The name of this organization seems harmless enough. It prompts visions of accountants poring over computer screens to make sure everything is right and proper.
But in reality, this is the face of AAOIFI: Mufti Taqi Usmani, Chair of AAOIFI Shariah Board
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The following is another article on the same topic by Alex Alexiev of National Review, one of the few honest magazines around.
Consider the board chairman of the Dow Jones Islamic Index (IMANX), one Mufti Taqi Usmani. Mr. Usmani is widely reputed to be one of the world’s top experts on sharia finance. Whatever his stockpicking abilities may be, they are dwarfed by his jihadist credentials. A key executive of Pakistan’s prominent Deobandi jihadist factory, the madrassa Darul Karoom Karachi (currently headed by his brother, Rafi Usmani), Taqi Usmani has openly advocated jihad by Muslims in the West, and just last month again publicly endorsed suicide bombing and the Taliban.
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