Robert Spencer

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Pamela Geller

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Bat Ye'or

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Brigitte Gabriel

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Daniel Pipes

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Debbie Schlussel

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Walid Shoebat

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Joe Kaufman

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Wafa Sultan

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Geert Wilders

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The Nuclear Card

Steve Chapman: Shariah Charade

Posted on 12 June 2012 by Emperor

Chicago Tribune editor Steve Chapman discusses the made up “Shariah” threat. How many articles like this are we going to have to see for people to be convinced that the USA under imminent threat:

Shariah charade

by Steve Chapman (Chicago Tribune)

In the 19th century, Catholicism was regarded by many people in this country as thoroughly incompatible with Americanism. They saw it as a hostile foreign element that would subvert democracy. Today, a majority of the justices on the Supreme Court are Catholic, and they are taken to be as American as Mountain Dew.

We’ve come a long way in religious tolerance. Or maybe not. The belief that Catholics are irredeemably alien and disloyal has given way to the fear that Muslims pose a mortal threat to our way of life.

That distrust is behind a push in state legislatures to forbid courts from applying Islamic Shariah law in any case. Arizona, Tennessee, Louisiana and Oklahoma have passed these bans, though the Oklahoma law was ruled unconstitutional by a federal appeals court.

In May, Kansas enacted its version, which doesn’t mention Shariah but prohibits state courts from basing decisions on any foreign laws or other legal codes. The point, however, is not in doubt. One supporter said the bill, which passed 122-0 in the House of Representatives, was needed because “they stone women to death in countries that have Shariah law.”

Does that mean we need anti-Shariah laws to keep women from being stoned to death with the cheerful blessing of American courts? Amazingly, no. It seems that our laws and Constitution take precedence on American soil no matter what the rules are in Iran.

The chief sponsor, Republican Rep. Peggy Mast, explained, “I want to make sure people understand there’s sometimes a conflict between other laws and the Constitution, and we need to assert our Constitution is still the law of the land.” That’s like asserting that the sun is hot: It will be true regardless.

The change will have about as much effect in Kansas as a ban on indoor co-ed field hockey. It turns out no one has been able to find a case where a Kansas court has actually employed Islamic strictures to reach a verdict.

If, for instance, a Muslim man marries a Muslim woman and then tries to divorce her by saying “I divorce you” three times, in accordance with Shariah, he will find he’s wasted his breath. State marriage law will govern in Kansas just as it has in other states when it conflicts with the dictates of Islam.

The problem with banning any consideration of Islamic law is that it interferes with the religious rights of Americans. If two Jewish merchants have a contract that calls for arbitration of disputes in a rabbinical court, state courts will generally enforce any judgment.

If a Muslim-owned company wants to lend or borrow money in accordance with the Islamic ban on interest, its choice should likewise be respected. If a Muslim wants to allocate his estate according to Islamic rules, what’s it to you? Outlawing such accommodation for Islam would illegally discriminate against one religion.

That problem is what led a federal appeals court to overturn the Oklahoma ban, overwhelmingly approved by voters in 2010 as an amendment to the state Constitution. The measure was a drone missile targeted specifically at Islam, in brazen defiance of the First Amendment.

Read the rest…

  • Steve

    How does it work with a standard cash loan not tied to an appreciating asset?

  • JT

    Jack Cope, the way you describe it I definitely see that the Islamic finance system is better. It’s just that I thought that anyone who buys a house under Islamic finance would not have to pay more than the market value of the house by the end of his agreement. But I now see that if that were the case, and the bank made no profit, then there would be no motivation for the bank to lend money at all. So the bank is allowed to make profit, but only because it’s also sharing in the risk.

    And you’re right about the current mortgage system and how someone who is just paying off the interest will not have ownership of any part of his house.

  • St.Djinn

    There are also the Sukuk (Arabic for deed or check) bond instruments based on asset-backed loans instead of pure monetary assets. Currently Sukuk tyle bonds manage around $ 1.3 trillion in global assets and have been “relatively” unscathed by the global financial crisis. They resemble Jewish Gemach ( interest-free loans) on the surface.

    There has been tremendous interest on Wall Street to bring Sukuk style bonds to the NYSE and a Paris based financial institution already offer the NYSE Euronext bond which lists Sukuk assets.

    What the ignorant in the U.S. don’t realize is that a modest percentage of U.S. treasury bonds held by our foriegn creditors are backed by Sukuk bonds. In essence Sukuk bonds are helping to keep the American Economy afloat.

    Hey I got another one for you….”Bond Jihad!”

  • http://thepenofawanderingstranger.com/personal/ Jack Cope

    Steve;

    There are many ways it works but the main ones have been shown above. Its often called ‘profit sharing’ where I am; the bank is effectively making an investment and becomes a partner. This of course helps somewhat as it in theory stops banks from making out ‘loans’ towards ideas that won’t turn a profit and means that the person taking the loan has the bank’s backing in what they do (since the bank won’t want to lose its money). It is all meant to safeguard the investor as well as the bank, creating a partnership, most of the time it works.

    The theory being that it all works towards the best interests of society as a whole. Sadly a lot of ‘Islamic’ banks ignore this and find themselves in a similar situation to other banks due to rash investments aimed at making a quick buck but, as a whole, the Islamic Finance sector is doing well compared to the others. There is also the fact that a number of ‘Islamic’ banks still manage to charge interest simply by working around the wording.

    And I do agree with the comment that a lot of the fuss against ‘sharia compliment’ finance is that its a system that competes with. That said, HSBC has one of the largest ‘Islamic Finance’ sectors in the world, all run by a woman ;-)

    Also JT, on the comment of Islamic finance being unfair as the house buyer pays more… speak to anyone with a mortgage and see how they also feel when they are only able to cover the mortgage interest of their house and effectively have no ‘ownership’ since the bank could chose to foreclose when a payment is missed…

  • rookie

    Steve, is that you in the background?

  • Steve

    Thanks, JT and Ali

  • SovietPower

    @Ali

    I’m not Muslim, but the Islamic system of finance sounds like a brilliant alternative to the rubbish one we currently have…

    I feel it is still developing, but it sounds like a really good idea. Seems much more fairer and humane…

  • RationalSkeptic

    Hmmmm..No interest you say? Islamic finance doesn’t sound all that bad…

    I would like to try it…..

  • Ali

    @Steve, Sharia financing works like this
    Let say you want to buy a 100,000 dollar home with 10% down then the person (or financier/bank) who is giving you loan pays 90,000 and you pay 10,000. This makes you 10% owner in the house and the bank 90%. You both decide a rent for the home and since the financier is 90% owner you pay 90% of the rent to the financier plus some additional money every month. As time passes your share will increase and your share of rent decrease to the point you own the home completely. Compared to regular finance, the rent part is equal to the interest but it is not called interest but rent. Then you must be wondering what is the difference, is it only in name, rent vs interest? No, the biggest difference is obvious when the housing market change dramatically. Let say you took a conventional loan 90,000 on a home and due to the recent collapse of housing bubble your home worth now is 60,000 in that case you still own the bank 90,000 even your home is worth 60,000. But in sharia complaint loan, since the bank/financier is also co-owner, he will also equally share loss. But on the other hand, if house value goes up and you decided to sell then the financier will make more profit. IMO, the latest scare mongering with respect to sharia is that the Banks are feeling threatened with the sharia model of financing. By scaring people of sharia in general, it is easy to kill this kind of financing model which is fair both the borrower and financier.

  • JT

    Steve, the bank and debtor buy the property together. The bank charges rent for the person to use the property, and the debtor buys the bank’s share over time. The bank makes a profit this way. It’s like investment (think Dragon’s Den) and the e

    The overall effect is the same. It is technically Sharia-compliant, as no interest is involved, but it’s worth mentioning that some Muslims (myself included) feel this still isn’t in keeping with the spirit of Islamic law as the person ends up paying more than the property is worth at the time.

  • Steve

    As an aside, how does islamic finance work? The place where I go to buy my wifes favourite donuts has recently been bought by a muslim family and there was an article in a local paper about them and in the interview they said they had received finance using sharia banking. If they aren’t paying interest on the loan how does the bank make any money from it?

  • mindy1

    I hate these paranoid nuts-where on earth do they get their paranoia from… :shock:

  • Al

    The way these loons would have it, just by making wudu or my salaat I would be threatening the very fabric of the United States Constitution. what a load of bull!

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