America, which is renowned for its extremism towards Islam and being like a grouchy granny she was lately, is now talking incoherent again by warning its citizens about institutions and banks which claimed to be managing finances in accordance with the Islamic shariah.
The ailing US claimed that such an institution or bank posed danger to the national security of the US, because they are supporting as well as financing all forms of violence. The same call was also made by conventional banks in the West. They charged that those institutions could threaten the economy of Europe and the West.
They alleged that Islamic institutions and banks were having a part in financing violence acts, always referred to as "terrorism". The organizations of The Right Alliance of the USA which is notorious for being radical, also called for a formation of a special congress to debate and express the danger of those institutions and banks.
One of the leaders of the US organizations who are known for his extremism towards Islam, Brigitte Gabriel, said, “The orthodox Muslims are attempting to form institutions and banks which claimed to be managing finances in accordance with the Islamic shariah in order to bring the economy of the West down and fight us.”
The US assessed that property management in accordance with the shariah is a radical political doctrine and is a very dangerous issue, besides being a player in the financing of the “terrorist movement”.
“The shariah banks’ investments in the US today have already reached $800 millions, meaning millions of dollars from those profits are used to finance the terrorist movement. The movement that causes destruction and threatens the US economy,” one of the radical organizations in the west claimed.
This is just one of their pathetic attempts to discredit Islam and Jihad as well as to disunite the Islamic ummah. In the current breakdown of the global capitalist market condition, Islamic Finance continues to appeal to businessmen. Even the non-Muslims are venturing into islamic finance. Believe me America, those people are not stupid!
Islamic Banks Flooded With Bankers
Islamic banks were now flooded with customers to deposit their money in the banks. They felt that the Islamic banks would get away unscathed from the liquidity crisis that is crushing the world at present.
There are a number of reasons behind the effectiveness of Islamic banks in evading the losses caused by the global crisis, namely by managing those banks in accordance with the system of the shariah which forbids interests and does not allow dependency on bank loans.
An Islamic bank officer in England, Stephen Amos, verified the impending significant increase of Islamic bank customers. According to him, there have been an increase in the number of customers lately, not only from the Muslims but also from amongst the non Muslims.
An expert in economy from Bangladesh, Azizul Haq, said, "Islamic banks could save the world in finding solutions which are effective in solving financial problems."
At the moment, at least 300 Islamic banks have already spread all over the world. Their assets have been estimated to reach $800 million. Experts in economy estimated that by the year 2013, the assets of the Islamic banks would reach trillions of dollars.
The ailing US claimed that such an institution or bank posed danger to the national security of the US, because they are supporting as well as financing all forms of violence. The same call was also made by conventional banks in the West. They charged that those institutions could threaten the economy of Europe and the West.
They alleged that Islamic institutions and banks were having a part in financing violence acts, always referred to as "terrorism". The organizations of The Right Alliance of the USA which is notorious for being radical, also called for a formation of a special congress to debate and express the danger of those institutions and banks.
One of the leaders of the US organizations who are known for his extremism towards Islam, Brigitte Gabriel, said, “The orthodox Muslims are attempting to form institutions and banks which claimed to be managing finances in accordance with the Islamic shariah in order to bring the economy of the West down and fight us.”
The US assessed that property management in accordance with the shariah is a radical political doctrine and is a very dangerous issue, besides being a player in the financing of the “terrorist movement”.
“The shariah banks’ investments in the US today have already reached $800 millions, meaning millions of dollars from those profits are used to finance the terrorist movement. The movement that causes destruction and threatens the US economy,” one of the radical organizations in the west claimed.
This is just one of their pathetic attempts to discredit Islam and Jihad as well as to disunite the Islamic ummah. In the current breakdown of the global capitalist market condition, Islamic Finance continues to appeal to businessmen. Even the non-Muslims are venturing into islamic finance. Believe me America, those people are not stupid!
Islamic Banks Flooded With Bankers
Islamic banks were now flooded with customers to deposit their money in the banks. They felt that the Islamic banks would get away unscathed from the liquidity crisis that is crushing the world at present.
There are a number of reasons behind the effectiveness of Islamic banks in evading the losses caused by the global crisis, namely by managing those banks in accordance with the system of the shariah which forbids interests and does not allow dependency on bank loans.
An Islamic bank officer in England, Stephen Amos, verified the impending significant increase of Islamic bank customers. According to him, there have been an increase in the number of customers lately, not only from the Muslims but also from amongst the non Muslims.
An expert in economy from Bangladesh, Azizul Haq, said, "Islamic banks could save the world in finding solutions which are effective in solving financial problems."
At the moment, at least 300 Islamic banks have already spread all over the world. Their assets have been estimated to reach $800 million. Experts in economy estimated that by the year 2013, the assets of the Islamic banks would reach trillions of dollars.
