Adam's Apple
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- Apr 25, 2004
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Shariah's Trojan Horse
Frank J. Gaffney Jr., Washington Times
December 4, 2007
Suddenly, a new national debate is beginning about the national security, economic and other implications of Persian Gulf potentates using their petrodollars to buy up strategic American assets.
Most recently, the emir of Dubai's purchase at fire-sale prices of 4.9 percent of the largest U.S. bank, Citigroup, caused a level of unease not seen since he tried to buy his way into many U.S. port facilities.
In recent years, the windfall revenues to the Persian Gulf oil-exporting nations have translated into an opportunity for the Islamists who dominate their societies to enlist the West's leading financial institutions as partners in promoting Shariah finance. In overseas capital markets and increasingly on Wall Street, "Shariah advisers" are hired at great cost to bless investment instruments as compliant with this religious code. As a result, three ominous things are occurring:
for full article:
http://www.washingtontimes.com/article/20071204/COMMENTARY03/112040012/1012
Related article:
www.centerforsecuritypolicy.org/home.aspx?=146&newsid=15541 Islamic Finance or Financing Islam?
Frank J. Gaffney Jr., Washington Times
December 4, 2007
Suddenly, a new national debate is beginning about the national security, economic and other implications of Persian Gulf potentates using their petrodollars to buy up strategic American assets.
Most recently, the emir of Dubai's purchase at fire-sale prices of 4.9 percent of the largest U.S. bank, Citigroup, caused a level of unease not seen since he tried to buy his way into many U.S. port facilities.
In recent years, the windfall revenues to the Persian Gulf oil-exporting nations have translated into an opportunity for the Islamists who dominate their societies to enlist the West's leading financial institutions as partners in promoting Shariah finance. In overseas capital markets and increasingly on Wall Street, "Shariah advisers" are hired at great cost to bless investment instruments as compliant with this religious code. As a result, three ominous things are occurring:
for full article:
http://www.washingtontimes.com/article/20071204/COMMENTARY03/112040012/1012
Related article:
www.centerforsecuritypolicy.org/home.aspx?=146&newsid=15541 Islamic Finance or Financing Islam?