What is the difference between the stated purpose of Shariah Islamic Finance and the real purpose as evidenced in recent, well-documented examples?
• While the stated purpose of Shariah finance focuses on issues of forbidden interest and prohibition against investments in pork and alcohol, this not the true focus of Shariah finance • For example, Shariah states that investments in banking are forbidden because the excess of interest income , yet in 2008 Muslims who appear to be Shariah faithful investors purchased 8.5% of Citibank this past year, purchased Barney’s clothing store which sells sexy “non-Islamic” western wear, hotels which serve alcohol, and have purchased thoroughbreds and racetracks, and hotels with gambling. All these activities are forbidden under Shariah, yet it appears it is these same investors who are demanding Shariah Islamic investments? Most of the transactions above are private deals, so no public disclousure of transparency is required or accessible. • Shariah Law is about control and creation of a one world Islam, and Shariah finance is a means of achieving that control through economics, finance and re
