Jihad Comes To Wall Street

by Alex Alexiev - April 3rd, 2008 - National Review Online

Critics see sharia finance as a massive subversion campaign by radical Islam designed to legitimize sharia in the West, to undermine our markets, and ultimately to imperil our free-enterprise system and national security — all the while exposing banks to financial risks that make the sub-prime fiasco look like a walk in the park. For its proponents and ideological enablers — such as the well known suicide-bombing advocate, Sheikh Yusuf al-Qaradawi — sharia finance is nothing less than “Jihad with money.” As al-Qaradawi explains, “God has ordered us to fight enemies with our lives and with our money.” Unfortunately for Wall Street, it’s hard to argue with the good sheikh on that score. Far from being a guide to ethical investment, sharia finance is indistinguishable from sharia itself.

Sharia is a reactionary-to-the-core medieval Islamic doctrine that claims control over every aspect of every Muslim’s life. It imposes such “ethical” mandates on Muslims as the obligation to discriminate against women and non-Muslims; to kill homosexuals, adulterers, and apostates; to establish and maintain Muslim rule around the world; and to carry out violent offensive jihad against infidels. Notably, for those Muslims who cannot engage in physical jihad using force of arms, sharia requires that they support jihad financially. This is what sharia finance is all about.

Think either of the Democrat candidates for President are concerned with this new threat to free enterprise? This reminds me of the people in the early 90s who were warning of the growing threat to our future of the Islamo-fascist movement. Few paid attention then. Fewer still are paying attention to this threat now.

Incredibly, our efforts are focused on the concept on an unproven hypothesis. Man's use of carbon based fuels is causing global warming. An even more ridiculous hypothesis has been proposed. We can actually do something to change this. A cursory analysis proves that no action that is possible can make any significant impact, even if man were causing global warming. Though there is inherent in the analysis that actions themselves cannot reverse the problem a strong indication that man is not causing the warming anyway.

However if we can mobilize concern we can stop the destruction to our economic system of allowing our Islamo-fascist enemies control of key elements of our financial markets. When will we start to talk about this?