Green Energy
From Mortgage Strategy:
A government organisation is looking to educate financial institutions in a bid to help the UK become a global provider of Islamic finance.
UK Trade & Investment, which incorporates the work of the Foreign & Commonwealth Office, has leant its support to a breakfast briefing hosted by the Association of Corporate Treasurers.
The aim of the briefing is to give financial companies more understanding of Islamic finance by explaining whom it applies to, how it can complement existing financial services strategy, and what the benefits are.
Sharia Islamic law forbids the practice of making money from money, such as charging or paying interest.
Sharia-compliant mortgages involve the bank buying the property with the buyer then buying it back and renting it at a slightly inflated price. Buyers also have to be sure that the money the bank is using to buy the property has come from permissible sources.
Note that Sharia Finance, as explained here, is mere slight of hand. The real purpose of Islamic Finance is not to rent properties at inflated prices for banks to make money, but for extorting 3%-20% of all financial transactions and diverting them to "Islamic charities" in the form of Zakat payments.
Sharia Finance is better described as Jihad Finance and anyone who supports it is a dhimmwit.
- London Steps Up Islamic Finance Ambitions
Selling Them The Rope To Hang Us From Sailan Muslim: Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach...
- London Precipitates Sharia Finance
Britain's government keeps up its efforts to turn London into a sharia finance central (via Intl. Business Times): Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub...
- Islamic Banking - Growth And Prospects
Check out this article from ABC Australia. It reads like a Press Release from the Saudis. From ABC Austalia: The Islamic banking industry is now worth almost an estimated US$1 trillion and is widely considered to be one of the fastest growing sectors...
- The Threats Of Sharia Finance
Sharia Finance is shrouded in mystery, BUT, it is not that hard to understand. It is, basically, a form of racketeering in which a designated percentage of the money is donated to charity (Zakat). Many of these charities are what we Westerners would...
- What Is Sharia Finance?
It is a stupid way of swindinling Allah if this article is correct. Allah must be too stupid to realize that the whole system is based upon the goal of paying the same interests rates, and achieving the same results as Westerners, while using a slightly...
Green Energy
UK Looks To Become A Global Provider Of Islamic Finance
From Mortgage Strategy:
A government organisation is looking to educate financial institutions in a bid to help the UK become a global provider of Islamic finance.
UK Trade & Investment, which incorporates the work of the Foreign & Commonwealth Office, has leant its support to a breakfast briefing hosted by the Association of Corporate Treasurers.
The aim of the briefing is to give financial companies more understanding of Islamic finance by explaining whom it applies to, how it can complement existing financial services strategy, and what the benefits are.
Sharia Islamic law forbids the practice of making money from money, such as charging or paying interest.
Sharia-compliant mortgages involve the bank buying the property with the buyer then buying it back and renting it at a slightly inflated price. Buyers also have to be sure that the money the bank is using to buy the property has come from permissible sources.
Note that Sharia Finance, as explained here, is mere slight of hand. The real purpose of Islamic Finance is not to rent properties at inflated prices for banks to make money, but for extorting 3%-20% of all financial transactions and diverting them to "Islamic charities" in the form of Zakat payments.
Sharia Finance is better described as Jihad Finance and anyone who supports it is a dhimmwit.
- London Steps Up Islamic Finance Ambitions
Selling Them The Rope To Hang Us From Sailan Muslim: Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub for a fast-growing Islamic finance sector that is expected to reach...
- London Precipitates Sharia Finance
Britain's government keeps up its efforts to turn London into a sharia finance central (via Intl. Business Times): Britain is encouraging banks through a task force to establish sharia-compliant products, aiming to position London as a Western hub...
- Islamic Banking - Growth And Prospects
Check out this article from ABC Australia. It reads like a Press Release from the Saudis. From ABC Austalia: The Islamic banking industry is now worth almost an estimated US$1 trillion and is widely considered to be one of the fastest growing sectors...
- The Threats Of Sharia Finance
Sharia Finance is shrouded in mystery, BUT, it is not that hard to understand. It is, basically, a form of racketeering in which a designated percentage of the money is donated to charity (Zakat). Many of these charities are what we Westerners would...
- What Is Sharia Finance?
It is a stupid way of swindinling Allah if this article is correct. Allah must be too stupid to realize that the whole system is based upon the goal of paying the same interests rates, and achieving the same results as Westerners, while using a slightly...