(Compiler's note: Sort this web page on Shariah for additional details)
In recent months, a growing number of U.S. commercial banks, hedge funds and other financial institutions have begun promoting products described as “Shariah-Compliant.” By so doing, they hope to attract some of the immense petro-wealth now accumulating in the Islamic Middle East. Neither the management nor shareholders of the firms engaged in such Shariah-Compliant Finance (SCF) appear to admit, however, the civil and criminal exposure to which they are exposing themselves – and the serious dangers this practice entails for their country.
The problem lies with “Shariah.” This is the term used by the most powerful – and virulent – Islamic authorities to describe their theo-political-military doctrine. Its stated purpose is to replace sovereign, secular nations like the United States with a transnational Islamic order governed by a ruling authority, the Sunni’s Caliph or his Shiite counterpart, with Shariah as its foundational law or constitution. Under Shariah Law, violent means are ordered if necessary to effect the world’s submission to Islam. ...
