Monday, September 25, 2006

Islamic Plans and How They Fund Their Expansion

GS Don Morris,Ph.D.

September 25, 2006

The Pope makes a reference to a 14th-century Byzantine emperor's remark about Islam imposing itself by the sword, and to protest this linking of Islam and violence:

· In the West Bank and Gaza, Muslims attack and burn seven churches.

· In London, the ever-dependable radical Anjem Choudary tells demonstrators at Westminster Cathedral that the pope is now condemned to death.

· In Mogadishu, Somali religious leader Abubukar Hassan Malin calls on Muslims to "hunt down" the pope. The pope not being quite at hand, they do the next best thing: shoot dead, execution-style, an Italian nun who worked in a children's hospital.

"How dare you say Islam is a violent religion? I'll kill you for it" is not exactly the best way to go about refuting the charge. But of course, refuting is not the point here. The point is intimidation.1

In today's world, religious sensitivity is a one-way street. The rules of the road are enforced by Islamic mobs and abjectly followed by Western media, politicians and religious leaders.1 Of course we continue to be told that this is not mainstream Islam. It is a corruption of the faith by a few.

Some estimate that worldwide there are 1.5 billion people practicing Islam. If only a maximum of the intolerant Islamists are 1% of this population, this means 1,500,000 represent a direct threat to Western values. This is a large enough number to get my attention. Furthermore, if it is also true that the remaining Islamic people are moderates and believe their religion has been hijacked this begs the following question. You are 1,485,000,000 individuals-am I to believe that if you all stood up and demanded that these intolerant individuals cease and desist that you could truly have a religion that behaves in a peaceful and tolerant manner? We, the world citizens, could enjoy peace as would all of you. Your answer will demonstrate how we of another faith interpret your view of the future.

There are those who have said that their aim is to have Islam as the dominant religion in the world and that we should all live under Sharia Law. “ According to Syrian-born radical Islamist and the founder of the London branch of Hizb Al-Tahrir (the Islamic Liberation Party), Sheik Omar Bakri Muhammad, Muslims in the West have very serious responsibilities in preparing the people to embrace Islam or to accept the Islamic way of life.”2 Many others have documented the international aim of this mandate, from Emmanuel Sivan3 to Great Britain-based Islamic Truth Group4 to Indonesian Islamist cleric Abu Bakar Bashir5 to identify but a few. I submit for your consideration that we ought not to dismiss the claim of an “all Sharia World” in the future. Intimidation through terror has been a primary mode of operation for those prosecuting the war against the West. Perhaps we should take to heart their message; since 9/11 the intolerant ones have used terrorism in the following countries:

Afghanistan, Algeria, Bangladesh, Belgium, Chad, Chechnya, Dagestan, Denmark, East Timor, Egypt, England, Eritrea, Ethiopia, France, Germany, India, Indonesia, Ingushetia, Iran, Iraq, Israel, Jordan, Jordan-Iraq, Kabardino-Balkans, Kenya, Kosovo, Kuwait, Kyrgyzstan, Lebanon, Mauritania, Morocco, Netherlands, Nigeria, Pakistan, Gaza-Palestinian Authority, Philippines, Qatar, Russia, Saudi Arabia, Scotland, Somalia, Spain, Sri Lanka, Sudan, Syria, Tajikistan, Thailand, Tunisia, Turkey, United Arab Emirates, United Arab Republic, United States, Uzbekistan and Yemen

They are organized, well-trained, well funded and committed groups who seem to be moving toward an international alliance. All of this takes money, lots of money and it is no coincidence that a relationship exists between the quantity and quality of international terrorism and the ability of these groups to create and to generate the financial flow necessary to sustain these actions.

The Islamic finance sector is prospering due to a growing demand from investors, both Muslim and non-Muslim, and the flow of oil money from the Gulf.

Analysts estimate that the Islamic finance sector - which complies with Sharia law based on the Quran - is now worth up to $500 billion, compared to $200 billion two years ago.6

There are multiple reasons for this increase. For example, the incredible increase in a barrel of oil over the last two years has provided the necessary cash flow to also divest into other income producing financial ventures. Oil alone has lead the way. "There has been a huge inflow of oil wealth into Islamic investment funds which are, naturally enough, seeking Islamic ally-compliant vehicles, such as sukuks, in which to channel funds," said Neale Downes, a partner at Trowers and Hamlins.6

The old saying, “follow the money” is as true today as it ever was. It is not only Muslim based countries that are investing in Sharia Law driven industries; it involves also non-Muslim countries. “"The [Islamic finance] industry is doing better than ever," said Rodney Wilson, director of post-graduate Islamic studies at Durham University in the northeast of England.

"There is a lot of money flowing into the Islamic finance institutions and conventional banks, which are also offering Islamic finance products. It's obviously related to the high price of oil and the money flowing into the Gulf countries, including Saudi Arabia, Kuwait and the United Arab Emirates.
Islamic retail banks and investment funds now number in the hundreds and financial institutions in non-Muslim countries, including Citigroup, Deutsche Bank, HSBC, Lloyds TSB and UBS, are increasingly choosing to offer products that are compatible with Sharia law .”6

Islamic finance is growing, prospering in Southeast Asia and soon Japan. Earlier this month, the central bank of Malaysia said it planned to conduct Islamic financial business in international currencies to help increase investment from abroad. Investments into the Gulf region are increasingly complying with Sharia law such as the building of a so-called economic city north of Jeddah in Saudi Arabia at a cost of $27 billion. Japan will be the first major industrialized country to issue Islamic bonds if the Japan Bank for International Cooperation goes ahead with a plan aimed at attracting money from oil-rich Muslim countries. Earlier this month, the Kuwait Finance House launched the first sukuk in China to finance construction of a power station, whose profits will be shared among investors.6

Increase in oil price generates the monies enabling direct cash flow and it provides investment diversification. They are creating huge financial portfolios that unto themselves generate even more financial stability. We should take note and understand that the investments and monies are following primarily from countries willing to follow Sharia Law with respect to finances alone. I do hope that everyone understands the ramifications of this. In addition, it is becoming alarming to note that current non-Muslim countries are willing to set aside their social and democratic principles, their life values in exchange for “making a buck.” Some suggest that we are either so naïve, ignorant or politically correct to not see that it is their enemy who is going to fund our destruction.

This piece has been written as an alert for those in the West who still refuse to acknowledge the dangers ahead for us. Terrorism is the tactic of record for the moment; it is not the enemy. We need to clearly identify the enemy, understand the practical means it uses to fund all of its activities and take immediate and appropriate action to defeat them. I have offered non-military solutions in a previous piece-I encourage everyone to read it.7 By no means is it the answer; it is only a beginning!

Notes

  1. Tolerance: A Two-Way Street http://www.washingtonpost.com/wp-dyn/content/article/2006/09/21/AR2006092101513.html
  2. Tashbih Sayyed, Ph. D., Islamic Fascism”, Editor in Chief of Pakistan Today and The Muslim World Today
  3. Emmanuel Sivan, Eavesdropping on Radical Islam, Middle East Quarterly, March 1995.
  4. Great Britain-based Islamic Truth Group (ITG) http://www.discoverthenetworks.org/groupProfile.asp?grpid=6291
  5. Abu Bakar Bashir, Indonesian Islamist Abu Bakar Bashir: 'It is Not Democracy That We Want, but Allah-cracy!', MEMRI, September 8, 2006
  6. “Oil fuelling Islamic finance sector”, http://english.aljazeera.net/NR/exeres, September 24,2006.
  7. Morris, GS Don, “Solutions for Iran,” http://docstalk.blogspot.com/, September 14, 2006.

Other work can be found on www.PRIMERCT.org and www.SPME.com

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