SHARIA FINANCE FOR DUMMIES (and boy, are they dumb!)

On Sharia Finance, Blankies and Axe Body Spray
Posted by Ann Barnhardt - January 21, AD 2012 10:46 PM MST

Writing about Sharia finance is oddly refreshing. Why? Because it is a chance to point out the abject stupidity – and guys, we’re talking full-on drooling imbecility here – of islam without anyone getting their head sawed off with a dull Ginsu-II or a child getting raped. Sharia finance is so monumentally stupid that it is actually hysterically funny. Have a few beers around a campfire and I could get you laughing so hard your ribs would ache.

Sharia finance CLAIMS to be lending without interest, because everyone knows that interest is all a sinister plot hatched by the JOOOOOOZ to keep down the white man. Wait. Keep down the black man. Wait, no. I’m getting so confused. Um, it definitely has something to do with the JOOOOOOZ, and I know this because all of the Ron Paul supporters tell me so. They also tell me that the World Trade Center was brought down by cold fusion-powered government tractor beams. They also tell me that the earthquake we had here in Colorado last year was actually the government (or was it the JOOOOOOOZ?) destroying the secret underground mega-city west of Trinidad, CO (Middle Earth is REALZ, yo!) with nuclear weapons, and that Ron Paul actually is the best friend and savior of the JOOOOOOOZ and if I weren’t such a Jew-loving, Zionist c*** I would see that. My email box is proof that truth is stranger than fiction, and that you really, truly can not make this stuff up. But I digress.

So the entire premise of Sharia finance is that there is NO INTEREST. If you borrow money, it is at zero percent, because the paying of interest is “haram”, which means “forbidden”, according to Sharia law. Got it? Good. Now, let me walk you through the reality of Sharia finance, and I warn you, don’t drink while you’re reading this, because if you do, you stand a good chance of spewing your Dr. Pepper out your nose, and I won’t be responsible for that.

Let’s say a person buys a $150,000 home on a 15 year mortgage at 5%. Purely for the sake of simplicity, let’s just say zero down. The amortization table shows that over those 15 years, or 180 months, at 5% interest, the monthly payment would be $1186.19 and that the total interest expense paid over the life of the mortgage would be $63,514.28. So, principal plus interest would be $213,514.28 for the $150,000 property.

Now here is an “interest-free” Sharia loan scenario. And bear in mind that I am dead serious here. I’m not making this up.

A musloid walks in to a Sharia-compliant lender and tells them that they want to buy a $150,000 property on a 15 year term. The Sharia-compliant lender then looks up what the going INTEREST RATE is. (Uh, Houston, we have a problem.) In our example, it is 5% on a 15 year mortgage. He then calculates the amortization table on a 15 year loan on $150,000 at 5%. (Uh, Houston, we've had some sort of major malfunction here.) He sees that the total interest expense would be $63,514.28. So, the Sharia-compliant lender then offers to buy the property at $150,000 and immediately sell it to the customer for . . . $213,514.28. The customer then sets up a note to repay the $213,514.28 in 180 equal monthly payments of $1186.19 at “zero percent”, because $213,514.28 divided by 180 is $1186.19. Voila! Zero interest!

That’s it. I’m not kidding. I’m not making this up. If I was going to make something up, I would make something up that wasn’t totally, completely, laughably stupid.

Um, soooooo, tell me Mister Musloid, what EXACTLY is the $63,514.28 markup? Uh, isn’t that . . . interest? How was that amount calculated? Uh, didn’t you ping the interest rate market to come up with that number? Yes.

Aren’t you paying the lender for the use of his money over the 15 year term? Yes.

Wouldn’t TRUE zero-interest lending mean that you paid a total of $150,000 for the property, and that your monthly payment would therefore be $150,000 divided by 180 months, or $833.33 per month? Yes.

And if you did a 30 year loan at true zero interest, your monthly payment would be $150,000 divided by 360, or $416.66 per month? Yes. THAT would be zero interest. Sharia finance is “zero interest” about as much as I am a bottle of 1964 Chateau Latour.

Over the Christmas holiday, I had the occasion to be around a two year old while traveling. There was a blanket nearby, and we inevitably fell into the old game of “hide under the blanket”. The toddler would pull the blanket over their head right in front of me, and then I would say, “Hey, where did she go? She was here just a minute ago. She just disappeared!” And then the toddler would pull the blanket off of her head and yell “HERE I AM!” and I would act like I had just witnessed some sort of miraculous manipulation of the fabric of space-time – probably having to do with a secret government cold fusion-powered tractor beam. You know the game. And you also know that toddlers at between the ages of three and four become self-aware, and possess enough cognitive sophistication to be able to perceive and extrapolate how OTHERS perceive THEM. And as soon as that intellectual benchmark is reached, the “hide under the blanket game” no longer works, because the child KNOWS YOU CAN SEE THEM.

This is pretty much the dynamic we are dealing with vis-à-vis the musloids. These people are intellectually and cognitively stunted due to 1400 years of inbreeding. As a result of this, they actually think that this Sharia finance “work around” is somehow valid or legit - AND THAT WE CAN'T SEE IT. They think that we non-musloids look at this and say, “My goodness! Yes . . . yes. That truly is a zero interest mortgage! Why didn’t we think of that?!”

The sad thing is that the politically correct morons who infest our culture think that it is somehow “tolerant” or “promoting diversity” to go along with the musloids and their intellectual retardation. And so, all of the megabanks are furiously scrambling to set up “Sharia-compliant” financial products, when the only appropriate response to such absurdity would be something along the lines of, “DO YOU THINK THAT I’M STUPID? GET THE HELL OUT OF MY OFFICE, AND TAKE YOUR BRAIN-DAMAGED NONSENSE WITH YOU. NOW. I’M BUSY.”

Finally, just a word about this in terms of the faux-religious con of islam. Have you noticed that musloids are constantly trying to cheat, deceive, and concoct “work-arounds” of ol’ allah? Sharia finance is merely trying to come up with a childish legalistic way to claim that they aren’t paying interest – but they obviously are. Islam also teaches that men can sin and do whatever they please on Mondays and Thursdays, because these are the two days of the week that allah is “inventorying the deeds of men”, and thus allah “is busy and isn’t watching you.”

I’m telling you, the stupid is STRONG with these people. What the hell kind of religion is built upon screwing over the diety? Oh, yeah - a “religion” that isn’t a religion at all, but a stupid, evil totalitarian political cult that uses faux-religious myths and motifs to control its cognitively damaged slaves. THAT kind of “religion”.

Guys, it is one thing to play “hide under the blankie” with a two year old. It is quite another to play that game with a 50 year old man wanting to buy real estate who smells of goat and Axe Body Spray, and also wants to kill you and take over your country.

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It's time to dump Grover Norquist...

...and here's why!

To the shrill left, he's a pariah because his famous anti-tax pledge prevents new revenues from flooding into the U.S. Treasury.

To most on the right, he's a hero for fighting for smaller government.

The truth about Grover Norquist, founder of Americans for Tax Reform, is that he is neither of these things.

Norquist’s Network & Iran: Another Heads-Up for the GOP?

Obama Justice Department secretly agrees to end investigation into international Islamic financial network with ties to Muslim Brotherhood and Saudi Prince

Thank God Republicans have a majority in the House!

The secrecy of the deal has prompted interest in Congress. Rep. Frank Wolf (R-Va.), chairman of the House appropriations subcommittee that oversees the Justice Department budget and author of legislation that created the National Commission on Terrorism in the 1990s, told Main Justice he planned to ask the department next week to release the documents. . .

Remember Obama bowing to the Saudi King?

While the department is staying mum on the settlement, the company at issue is linked to the royal family in Saudi Arabia, a powerful U.S. ally. It is a subsidiary of Dar Al-Maal Al-Islami Trust, known as DMI Trust, which was founded by Saudi prince Mohammed Al-Faisal Al-Saud.

Everything is screwed up in the Obama administration.

The settlement was negotiated by the Justice Department’s Tax Division, which has been without a confirmed director since the start of the Barack Obama administration.

Read the whole thing

DOJ insider: “By closing down these prosecutions, the evidence we’ve collected over the past decade that implicates most of the major Islamic organizations will never see the light of day.”

(PJM Exclusive) Did Obama and Holder Scuttle Terror Finance Prosecutions?

HAT TIP: ANN BARNHARDT
JIHAD:Works Both Ways (Yep. That's me and my AR)

Does President Obama know about the "6 mystery floors" planned for the Ground Zero Mosque?

Update: Rauf’s gang at the Cordoba Initiative tried to make their hidden website disappear. Of course, they weren’t successful; we’ve got the PDFs...

Ground Zero Mosque’s Hidden Websites: Follow the Shariah. . .

Follow the Shariah Index Project to solve the puzzle of the 6 mystery floors: We found two hidden websites with copiously deleted information, all about the Imam’s Cordoba Institute Shariah Index Project. . .

Numbered Documents, for everyone’s convenience!

Below, from the hidden websites, is the evidence Rauf tried to cover-up. We’ve even numbered the Shariah Index Project documents he mentioned, to make it easy for the Imam and his staff. . .

Let’s Review. All those numbers begin to add up:

The Ground Zero Mosque has at least 6 mystery floors. We suggest that they’ll be used by the Shariah Index Project.

The Shariah Index Project was built by at least 14 Shariah experts. We have the identities probably of 7 of them, and Rauf should reveal the other 7 right away.

The Shariah Index Project generated at least 16 documents and maybe a final book, and Rauf should release all of these – right away.

The issues at stake in the Ground Zero Mosque and the Shariah Index Project are not about Americans supporting the Constitution’s protection of religious freedom. Americans support that protection.

The issues at stake here are about Americans protecting the Constitution from Shariah-adherent groups using the protective guise of religious freedom to attack the Constitution itself – using a triumphal Ground Zero mosque as “the base” for a project to institutionalize Shariah in America.

FROM "MUSLIMS AGAINST SHARIA"

Whenever Feisal first considered building a mosque across from Ground Zero, he had the idea firmly in mind by 2004, when he wrote What's Right with Islam. The book was translated into many languages. In Indonesia's Bahasa, its title translates as "The Call from the WTC Rubble." Rauf promoted the book in December 2007 at a Kuala Lumpur gathering of Hizb ut Tahrir – a terror outfit banned in Germany since 2003, and also outlawed in Bangladesh, Jordan, Syria, Lebanon, Egypt, Tunisia, Turkey, and Saudi Arabia, among other places - and ideologically akin to the Muslim Brotherhood. Both seek to replace the U.S. Constitution with Islamic law [Sharia], and eventually impose Islam and Sharia law worldwide. Most North American Muslim Brotherhood organizations avoid widely publicizing that aim. The Hizb Ut Tahrir however, at a July 2009 Khalifah conference at a suburban Chicago Hilton, openly promised to replace capitalism with Islam and Sharia law.

Now, Imam Rauf is set to construct his dream project, wherefrom possibly the radical Islamists will start Islamization of America. This will not be a mere mosque, but a tower of terrorism to further flex the muscle of militant Islam right inside the heart of United States.

Hope Americans will realize this, before it is too late!

3 THINGS ABOUT ISLAM YOU PROBABLY DON'T KNOW

IGNORE AT YOUR OWN PERIL

1) Islam has NOT been "hijacked."
2) Striving to institute world-wide Shari'a Law is a religious DUTY.
3) Muslims are allowed to deceive non-Muslims if it helps Islam
(known as "TAQIYYA")

THE MOSQUEING OF AMERICA

Excerpted from Atlas TV Alert: Hardball Tonight UPDATE: HARDBALL CANCELS

Mosqueing the workplace

1. Greeley CO and Grand Island, Nebraska: JB Swift meat packing plants. Muslims get special break times. Non-Muslims protested because of the inconvenience caused to them.

2. DELL Computers: Nashville. In February 2005, thirty-one Muslims working at the Nashville, Tennessee plant of the computer firm Dell walked off the job after they were denied permission to leave their workstations and pray. Dell fired the Muslim workers, but CAIR took up their cause and began to pressure Dell to change its practices in order to accommodate Islamic prayer during the workday. Dell quickly caved. Within a month the corporation had agreed to reinstate the employees who had walked out, give them back pay, and allow them time on the job for Islamic prayer. Dell also agreed to give its managers training in accommodating Muslim demands in the workplace.

3. TARGET: in March 2007 Muslim cashiers at some Target store outlets in Minneapolis began to refuse to ring up pork products, causing delays as they had other cashiers handle the untouchable items or even told customers to ring them up themselves. Target Corporation finally opted for the path of least resistance, offering to allow the Muslim cashiers to wear gloves while operating the cash register, so as to avoid touching any of the offending pork, or to shift the recalcitrant, pork-hating cashiers to other jobs within the store.

4. FIRED for EATING BACON: Lina Morales, who for ten months held a job at Rising Star, a telecoms company in Florida. One fateful day in 2004 she was eating a bacon, lettuce, and tomato sandwich at work, and was summarily fired for violating a company rule against eating pork products on company premises. However, Morales said that she had never agreed to comply by any such rule, and indeed, “When I got hired there, they said we don’t care what religion you are.”

Special accommodation for Muslims:

5. In September 2007, the Indianapolis Airport announced that, as part of a $1.07 billion terminal renovation scheduled to be completed by November 2008, footbaths would be installed in a restroom used by cab drivers -- so that the drivers, almost all Muslims, could easily perform the rituals required before Islamic prayers. The floor-level sinks, which cost $400-600 each, would be financed through airport revenue. An airport spokesman, David Dawson, insisted, “These facilities are for everybody’s use.”

In schools:

6. In 2007 a public school, the Minneapolis Community and Technical College, announced plans to construct full preparation facilities for Islamic prayer – despite having prohibited a coffee cart from playing Christmas carols on campus the previous year. New York University followed suit in October 2007, as have many other public colleges and universities. Seventeen universities have announced plans to install footbaths, including Boston University, George Washington University and Temple University. And all of this is going on at the instigation of the MSA -- a Muslim Brotherhood organization.

7. Ridgeland School District 122 – comprising five schools in Oak Lawn, Illinois – blazed a trail when it banned pork from school cafeterias, so as to avoid offending Muslim students. (The possibility that non-Muslim students might be offended by having to conform their eating habits to Islamic dietary regulations was apparently not considered.) The pork ban even included Jell-O, since gelatin is made from pork products.

8. In San Diego’s Carver Elementary School, when over one hundred Somali Muslim students enrolled after a charter school closed in 2006, school officials scheduled breaks so that Muslim students could pray during school time, and even introduced sex-segregated classes to conform to Islamic sensibilities. Pork, of course, vanished from the school cafeteria, and Arabic classes were added to the curriculum. Investor’s Business Daily editorialized, “In effect, Carver administrators have carved out a school within a school expressly for Muslims, elevating them above Christian and Jewish students. They’ve had 15 minutes of instruction time taken away from them, so Muslims can roll out their prayer mats. It amounts to a special privilege afforded a specific religion, which plainly does not have our best interests at heart.”

Sharia finance

Barclays, Citibank, Credit Suisse, Deutsche Bank, Dow Jones, Goldman Sachs, HSBC Bank, Lloyd’s, Merrill Lynch, Morgan Stanley, and Standard & Poors have created “Sharia Advisory Boards,” staffed with Islamic clerics and scholars, in order to help them bring their financial practices into line with Islamic norms – so as to attract Muslim investors and help Muslims in the West find ways to avoid breaking Islamic law in their financial transactions.

A journalist who has exhaustively documented Sharia finance initiatives, Alyssa A. Lappen, reported that “among the perils of shari’a finance, according to a January [2008] analysis by Moody’s Investors Service are: A central role in investment decisions for shari’a scholars who are actually Islamic clerics; investors being forced to accept weak positions; short track records of major investors; multiple complex asset types; risky interest rates and new ventures; plus a lack of transparency combined with corporate management and risk control in the hosting Third World countries.”

The most important video you will see this year

Produced by ACT! for America, it is 6:42 in length: please watch the whole thing: Shariah Islamic Law in America and Europe: What the West Needs To Know