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Just as we reported of the atheist professor who admitted Islam gets a pass because he’s afraid — so it seems here.
Instead of looking the Central Bank of Kuwait in the face and challenging them, Ms. We can fix our banking systems by first restoring the Glass-Steagall Act, once again separating commercial and investment banking.
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We don’t need to tell the people who finance Islamic terrorism and the suppression of their own people their financial system is a model to be followed.
Ladies and Gents, make sure that your financial institution and investments do not have any collusion with Sharia-compliant finance.Where are the job opportunities being created via Sharia-compliant finance for Muslim small business owners? Where are the great universities financed by Sharia compliance that promote the education of women across the Islamic world and the development of new technological innovations? Lagarde represents this growing Western sense of appeasement to the Islamic world.Heck, why do you have all these Muslims living in refugee camps if Sharia-compliant finance is such a well-run means of capital formation? Lagarde was speaking in Kuwait City — that place would be nothing, save not for the service and sacrifice of the U. Instead of strengthening our own financial systems and monetary policies, they’d rather acquiesce to a system anathema to everything we hold dear: individual freedoms and liberties.We can ensure nefarious financial practices are not rewarded with government largesse.We can get back to sound monetary policy and not allowing an agency such as the Federal Reserve to usurp more of the enumerated powers that should be within our Congress, our legislative branch.“Islamic finance has, in principle, the potential to promote financial stability because its risk-sharing feature reduces leverage and its financing is asset-backed and thus fully collateralized,” Lagarde told an Islamic finance conference in Kuwait.Islamic banks also offer profit-sharing and loss-bearing accounts that can help mitigate losses and contagion in the event of banking sector distress, she said. to higher total loss-absorbing capital, one of the key objectives of the new global regulatory reform,” Lagarde told the one-day event organised by the IMF and Central Bank of Kuwait.Then again, something tells me if Chase Bank were to go Sharia-compliant, Serena Williams couldn’t be spokesperson unless she was wearing a burkha.And if Sharia-compliant finance is so great, then why are hundreds of thousands of Muslims fleeing the Middle East?Hmm, I kinda consider beheadings, crucifixions, rape of young girls and selling women into slavery as harmful to society. Also, consider that the European Union (EU) is about to institute labeling on certain products emanating out of Israel — spare me the West Bank occupation blather.I don’t know about y’all, but I’ve just about had it with these Islamapologist idiots who’ll embrace something as antithetical to Western principles and values as Sharia compliance. So here we are in the Western world supporting boycotts, divestment and sanctions (BDS) against Israel — while the IMF is advocating support for Sharia-compliant Islamic finance.