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February 16, 2009

Gordon Brown wants UK to be the international financial center for Sharia products

After Dutch MP, Geert Wilders was declared "persona non grata" and deported from UK because his presence was threatening community harmony, I found that Times On Line had published back in March 2006, an article in which it was reported that British PM, Gordon Brown had:

given Muslim leaders private assurances that he wants to create a "level playing field" in the economy, so that more and more "sharia compliant" financial products can be offered to British Muslims.
so as to:

help make London the natural home for Islamic funds from around the world, and increase the inflow of investment from oil-rich Middle Eastern countries.
Of course, the present economic crisis has only deepened the problem, with the US also wanting to participate in this new financial market:

as American financial institutions report the losses that forced them to deplete their cash reserves, CEOs are begging for loans from oil-rich Middle East nations that have benefited from the rise in oil prices in recent years from $30 to nearly $100 per barrel. As one former Wall Street executive lamented, U.S. business leaders are "lining up to kiss the ring.". 
This would threaten free business if they are in conflict with Sharia Law. As Melanie Phillips puts it:

Acceptance of Sharia finance furthers the Islamist objective of gradually legitimising Islamic Sharia Law more generally in the west (...). The most important point to grasp is that Islam recognises no authority superior to sharia.
To know more about Sharia finance, check out the Shariah Finance Blog.


Posted by Eurabian at February 16, 2009 7:43 AM



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