World Bank

Asalaamalikum,

I am happy to see Paul Wolfowitz resign. Inshallah there will be a shift of balance in world powers. The funny thing is that the past two World Bank presidents have been Jews who were strong supporters of pro-Israel.

I also find it odd that Wolfowitz was dating a Arab Muslim British woman. I don't think she was a practicing Muslim, because if she was she would of known that a Muslim woman can not marry (for God's sake even date) a kuffar. It's indeed sad. May Allah swt guide her. Below is some info about her.

Shaha Riza

-Oxford-educated Arab Muslim British citizen
-Promotes freedom-women's rights link in the Arab world
-Worked for the Iraq Foundation, set up by expatriates to overthrow Saddam Hussein after the first Gulf War
-In her 50s, divorced and has an adult son
-Apparently started dating Wolfowitz some time after he separated from his wife in 2001
-Worked eight years at World Bank before Wolfowitz became president
-Relationship with Wolfowitz, a Jewish conservative, has drawn gossip
-Speaks Arabic, French, Italian, Turkish and English

Source: http://english.aljazeera.net/NR/exeres/0C24C0F8-EEDE-4ADC-AB1B-0B4DAADD336C.htm


Brief Background of what World Bank is:

The World Bank is one of the world’s largest sources of funding and knowledge to support governments of member countries in their efforts to invest in schools and health centers, provide water and electricity, fight disease and protect the environment.

The World Bank is not a "bank" in the common sense. The World Bank is an international organization owned by the 184 countries¾both developed and developing¾that are its members.

Since it was set up in 1944 as the International Bank for Reconstruction and Development. The number of member countries increased sharply in the 1950s and 1960s, when many countries became independent nations. As membership grew and their needs changed, the World Bank expanded and is currently made up of five different agencies.

All support to a borrowing country is guided by a single strategy (in the case of Afghanistan it is the 'Transitional Support Strategy') that the country itself designs with help from the World Bank and many other donors, aid groups, and civil society organizations

While it lends and even manages funds much like a regular bank, the World Bank is different in many important ways. It is owned by 184 countries. The financial support and advice the World Bank provides its member countries is designed to help them fight poverty. And unlike commercial banks, the World Bank often lends at little or no interest to countries that are unable to raise money for development anywhere else.

Countries that borrow from the World Bank also have a much longer period to repay their loans than commercial banks allow. In some cases, they don’t have to start repaying for 10 years.

Basically, the World Bank borrows the money it lends. It has good credit because if has large, well-managed financial reserves. This means it can borrow money at low interest rates from capital markets all over the world and channel it to developing countries, often at much lower rates of interest than what markets would charge these countries.
 

al-fajr

...ism..schism
Staff member
'wolfowitz' 'wolfowitz' 'wolfowitz'

say it a couple of times (fast) and..........:tongue: gets me every time!! :D

...ok sorry :SMILY231:
 

ShyHijabi

Junior Member
Salaam,

Wolfowitz's ethnic background is incidental. He was fired due to inappropriate use of funds...namely giving his girlfriend a good chunk of money from the coffers of the bank.

It it no secret that a lot affluent Jewush families have business degrees...usually in financial management. The fact that the last few presidents of the Wold Bank is likely due to a large percentage of educated Jews have degrees specializing in that field.


~Sarah
 

Abdul Hasib

Student of Knowledge
Shaha Riza isn't a practising Muslim because I saw a picture of her on BBC News yesterday.

Man I never knew she was from a Muslim Background! :SMILY23: The Ummah is on it's verge of destruction.

Our Nabi (SAW) said that Muslims will not take their Salat seriously after a long time after the Sahabi and our Nabi, AND the caliphates.

May Allah bring us back to our honor and our pride, BACK TO OUR DEEN AND OUR ISLAM!
 
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