Seattle: Dem mayor introduces sharia law plan for Muslim home buyers

Muslim immigration leads to sharia. via Seattle mayor offers plan to help followers of Sharia law buy houses – Puget Sound Business Journal. h/t Jane

Creepy:  Sharia law introducing Seattle Mayor Ed Murray.

For some Muslims, it can be hard to buy a house, and Mayor Ed Murray plans to do something about it.

On Monday, Murray’s housing committee released its recommendations for ways the city can increase housing in the city. Most ideas were what you’d expect, including increasing the city’s housing levy and implementing new rules and regulations to foster development of market-rate and lower-income housing.

One suggestion would help followers of Sharia law buy houses. That’s virtually impossible now because Sharia law prohibits payment of interest on loans. The 28-member committee recommended the city convene lenders and community leaders to explore options for increasing access to Sharia-compliant loan products.

More and more lenders are offering Sharia-compliant financing, according to a USA Today report. The sector has grown to more than $1.6 trillion in assets worldwide over the past three decades, and analysts see potential for continued growth as the number of Muslims in the United States and Europe grows.

It’s unclear how many Muslims in Seattle would benefit from Murray’s plan. The Washington state chapter of the Council on American-Islamic Relations (CAIR) estimates more than 30,000 Muslims live in the greater Seattle area, and Chapter Executive Director Arsalan Bukhari on Tuesday said it’s “fairly common” for some not to seek loans.

CAIR has been identified as a terrorist organization by the UAE. Many of CAIR’s leaders have been jailed or deported on terror crimes. [see Gallery of Terror-Linked CAIR Leaders]

Based on what he called “rough anecdotal evidence,” Bukhari estimated a couple hundred people aren’t borrowing money for houses due to their religion. He said this includes even high-wage earners, such as the more than 1,000 Muslims who work for Microsoft (Nasdaq: MFST) and more than 500 Amazon.com (Nasdaq: AMZN) employees.

They could easily qualify for home loans but opt not to apply “simply because they don’t want to pay interest,” Bukhari said.

So called sharia mortgages are a scam and Muslims are still leveraging the tax benefits of the mortgage interest payment.

Murray will send legislation based on the committee’s ideas to the City Council for consideration. During a press conference, he said he wants to help Muslims.

“We will work to develop new tools for Muslims who are prevented from using conventional mortgage products due to their religious beliefs,” Murray said.


 Their religious beliefs also call for killing those who leave Islam, killing gays (another of Murray’s favorite groups), having four wives, marrying children, and waging jihad. Is Murray going to help Muslims enjoy those aspects of their religion too?

Saudi prince pledges $32B to spread Islam in America and the West

via Arab Bill Gates Could Turn ‘Shariah Creep’ Into Full Trot – Investors.com.

Saudi Prince Alwaleed bin Talal, a senior member of the Saudi monarchy, says he’ll pledge his $32 billion fortune to charity. In light of his past donations, this is a highly concerning development.

Alwaleed says he will model his endowment on the Bill and Melinda Gates Foundation, only with a twist: Much of his philanthropic work will help “foster cultural understanding” of Islam in America and the West.

That means promoting the kingdom’s brand of Islam, while censoring criticism of Islam.

Published reports and books reveal Alwaleed already has pledged millions to radical Muslim Brotherhood front groups that have a secret plan to Islamize America and spread Shariah law throughout the West. These pro-jihad groups can now count on a massive and virtually endless infusion of cash to their war chests.

Alwaleed has extensive ties to Brotherhood leaders. For example, he tapped “tele-Islamist” Tariq Al-Suwaidan, widely reported to be a leader of the Muslim Brotherhood in Kuwait, as the channel director of his Islamic religious TV outlet Al Risala.

The network’s “Supreme Advisory Committee” has included Abdullah Omar Naseef, whom ex-federal prosecutor Andrew McCarthy says is “a major Muslim Brotherhood figure” who has helped raise funds for al-Qaida.

Alwaleed made headlines after 9/11 when he donated $10 million to the World Trade Center fund only to have then-New York mayor Rudy Giuliani return the check. After presenting the money, the Saudi billionaire issued a press statement blaming the terrorist attacks on U.S. support for Israel while “our Palestinian brethren continue to be slaughtered at the hands of the Israelis.”

The next year, Alwaleed donated a whopping $27 million to a Saudi telethon for the violent Palestinian intifada against Israel, according to the Clarion Project.

Also in 2002, he gave $500,000 to the Washington-based Council on American-Islamic Relations, which federal authorities have linked to the Muslim Brotherhood and Hamas.

In 2005, moreover, he spent $40 million to expand Islamic studies at U.S. colleges — donating $20 million to Harvard University to create a campuswide Shariah law studies program, while pumping another $20 million into Georgetown University for a “Muslim-Christian understanding” program run by notorious Islamic apologist John Esposito.

Despite fawning press reports, Alwaleed’s charitable pledge is no cause for celebration. It’s cause for alarm. His billions will finance Islamist pressure groups who exist to force Western civilization to yield to Islamic no-go zones, Shariah courts and blasphemy laws.

If unmatched by patriotic philanthropists, the Saudi prince’s huge endowment could be a major setback for state and local efforts to push back against Islamization.

Rhode Island: Muslim wants $32K in student loan interest wiped out because sharia forbids

Not sourced from The Onion. via Muslim Student Loan Interest Discount | The Daily Caller. h/t TROP

Steve Rhode, the Get Out of Debt Guy, has advised a Muslim man seeking financial advice not to try to use Islam as a crutch to get out of paying half of what is now a $64,000 student loan debt.

“Dear Steve,” the Seattle, Wash. man going by the name Amir wrote to Rhode in a missive published this week, “I had two citi-student loans and at some point in time within the last 5 years they went to Navient.”

Amir explained that he had unsuccessfully asked the loan servicing company to lower his payoff amount to $32,000, even though the actual amount he owes is $64,000 “because of deferment and interest.”

The dismayed student loan borrower also noted that he “was born into Islam” but only took a serious interest in the religion in 2012. One thing he has learned since then, he said, is that “dealings with interest” are “strictly forbidden” under Islam.

“I am offering to pay off the original amount I owe,” Amir graciously offered. As for the rest, he wants his creditors to acknowledge that his “awareness and conditions have changed” since he accepted the loan.

“Can I get the interest wiped out and close this account and case with just paying the original amount borrowed?” Amir asked.

Rhode then responded by having exactly none of Amir’s plea for a religion-based student loan discount.

“Asking any lender to adjust their terms and conditions after the fact for religious reasons is just not going to happen,” the Get Out of Debt Guy bluntly declared.

Rhode told Amir that the lesson to take from the situation is that “the damage caused by deferment is enormous” because accruing interest “just puts the debt in turbo.”

He also noted that Navient (formerly Sallie Mae) will settle loans but achieving a settlement typically requires either intercession by a debt expert or grave delinquency.

Noting that he has previously written about Islam and debt, Rhode also suggested that Amir’s mosque might be able to provide funding for his loans from Zakat, “obligatory charity for Muslim followers.”

Rhode also explained that an imam advised him that Muslims who choose to borrow with interest “are obligated to repay their entire debt and if they don’t they will prohibited from entering paradise when they die.”


A few threats of jihad or calls from terrorist CAIR and who knows what could happen.

 

‘Good chance lamb you buy at Whole Foods is halal, even though it’s not branded’

As so-called sharia finance grows in the West, so too do beheadings, honor killings and dhimmitude. And more powerful, better-funded jihad groups. There is a direct correlation.

“There’s a good chance that piece of lamb you are buying at Whole Foods is halal, even though it’s not branded as halal,”

via Shariah financing growing popular in the West. h/t Dee

CHICAGO — Ahmed Irfan Khan was poised to transform his family’s small but successful slaughterhouse into a specialty-meat selling juggernaut.

Just one thing stood in his way: His faith.

Khan’s thriving business in Chicago’s old stockyards — which sells halal meat — protein slaughtered in a way prescribed by Islamic law — might have made him attractive to Main Street investors. But his strict adherence to his Muslim faith made going down that path complicated.

From Khan’s website:

located minutes from downtown Chicago (Behind white Sox US Cellular field)… Animals are Hand slaughtered by Muslims

Back to the story:

Under Islamic law, collecting or paying interest is prohibited, making it difficult for Khan to borrow the roughly $2 million needed to expand his company, Barkaat Foods.

But Khan was ultimately able to get the capital for his business — and stay true to his faith — with the help of a traditional bank and a boutique venture capital firm willing to hammer out arrangement that Khan said was “Shariah compliant.”

In the Barkaat deal, the Chicago-based venture capital firm Prairie Street Capital borrowed from Ohio’s FirstMerit bank on standard terms. Prairie Street then entered into what is known in Arabic as a murabaha, a deal that is effectively structured as a lease-to-own agreement. The firm rents back equipment and the building to Barkaat at a marked up rate.

A Chicago investment bank, Sikich, assisted Barkaat in brokering the deal.

Michael Barry, president of Prairie Street Capital, said his firm was enticed by Barkaat, even as the Midwest has seen several mainstream meat producers go out of business in recent years. With the U.S. Muslim population projected to grow by 35% in the next 20 years, Barkaat was uniquely positioned, Barry said.

“We saw a business that we felt good about owning, we felt good about being part of,” Barry said. “It’s a business we can add value to and we could make money with. It’s what drove us to the decision.”

Khan, whose first career was in IT, knows first-hand the demand for his product. When his family moved to Chicago from Bombay in the mid-1980s, they struggled to find halal meat.

For years, he looked for slaughterhouses, like the one he eventually bought in 2009, that would let him come in and slaughter his own lamb or goat, so that he could be assured his family was eating authentic halal meat.

Already, Khan is selling his meat directly to thousands of Muslim customers throughout the country, who buy his lamb, goat and veal, and have it shipped to them. (With the $2 million cash infusion, he plans to buy new equipment and retrofit parts of his slaughterhouse, so that he can begin slaughtering cattle as well.)

While most of his customers shop online, many come to check out his facility in person. Earlier this month, hundreds of Muslim families came to his slaughterhouse to kill lambs themselves to mark the holy day of Eid al-Adha.

Non-Muslims are also his customers, with much of his product being sold to a Wisconsin meat company that sells high-end organic meats to grocers.

“There’s a good chance that piece of lamb you are buying at Whole Foods is halal, even though it’s not branded as halal,” Khan said.

Some critics, including the conservative Center for Security Policy, warn that Americans should be wary of Shariah-compliant financing. They charge that certain aspects of Shariah are draconian, including requirements that women seek permission from their husbands before doing something as mundane as getting a driver license and calls for capital punishment for those who slander Islam.

“Islamists are attempting to impose Shariah Compliant Finance (SCF) on Western institutions to use our own financial strengths against us,” the group writes on its blog dedicated to the issue, Shariah Finance Watch. “The most serious problem with SCF is that it legitimates and institutionalizes Shariah law… a theo-political, legal doctrine violently opposed to Western values.”

Chris Geier, partner-in-charge at Sikich, the investment bank that helped broker the Barkaat deal, said such criticism is unfair.

“This is a company in the U.S., legally domiciled, approved by the USDA to do business the way they are doing it,” Geier said of Barkaat. “We try to help companies and support their business plan and therefore support this economy. It is done without a belief about what they do religiously.”

Which economy? The sharia economy? The economy of jihad? Geier does not care if his clients use the money to fund jihad. It’s all about the money.

Meanwhile, Khan is elated that sharia is creeping along in the U.S.

Khan said he’s unfazed by the criticism, and instead said his deal shows that American financial institutions are beginning to see Islam in granularity that they hadn’t before.

“It’s progress when you can find a way to do business and stay true to your beliefs,” he said.

 


From a 2010 post:

Barkaat’s biggest single customer is Strauss Brands, a Franklin, Wisconsin based purveyor of lamb and veal which has made a name of itself producing free raised animals, which graze in pastures with their mothers, rather than being confined to crates, or held on tethers.“Our secret is authenticity,” Strauss advertises.

After each slaughter, most of the meat is shipped to Strauss’ Wisconsin facility for further processing, and sold under the Strauss label. In Chicago, you can buy Strauss brands, which may have been slaughtered at Barkaat, through Whole Foods, and through Caputo’s Fresh Markets. It’s also available through Costco online.

DC: American University now teaching sharia finance course

200px-American_University_Seal

via American University Offers Islamic Finance Course.

Islamic Finance is growing at a rate of 50 percent higher than conventional finance with a $2 trillion industry that is has finance houses across the world capitulating and hankering after a piece of the halal pie. To capitalize on the trend and educate local students, an undergraduate level course on Islamic finance started this week at the American University in Washington D.C. taught by an expert in the field, Professor Ghiyath Nakshbendi.

The course provides students with an overview of the principles of Islamic finance and its evolution over the centuries with emphasis on the last four decades. The different products are presented and discussed with reference to the modern conventional products in the marketplace. Coverage of the current Islamic capital markets and the institutions that are the major players in that market is undertaken. Issues related to insurance, accounting and auditing, and ethical concepts are covered. The course is only open to juniors or seniors.

“Being the first ever course offered in Islamic finance around the DC area (as far as I know), we are trying to get more students registered for the course, so that we could offer it regularly in the coming semesters,” comments Amin Mohseni, Assistant Professor of Economics at the American University. The course currently has 17 students and is held on Wednesdays at 2:35-5:15.

According to Wikipedia:

American University (AU or American) is a private, coeducational, liberal arts curriculum, doctoral,[5] and research-based university in Washington, D.C., United States, affiliated with the United Methodist Church,[5] although the university’s curriculum is secular.

Or not so secular.

Oregon: Terror-funding Islamic charity pleads guilty to tax fraud

Barack Hussein Obama and Eric Holder exonerate a Muslim convicted of funding al Qaeda. via Oregon Islamic charity pleads guilty to tax fraud | KOIN.com. h/t Money Jihad.

PORTLAND, Ore. (AP) — An Oregon-based Islamic charity has pleaded guilty to tax fraud in a plea agreement that includes dropping criminal charges against the foundation’s former head, U.S. Attorney for Oregon Amanda Marshall announced Tuesday.

Pete Seda is the former head of the U.S. branch of Al-Haramain Islamic Foundation based in Ashland. A federal appeals court last summer overturned his 2010 conviction on charges he smuggled money out of the country to help Chechen rebels fight Russian forces.

On Tuesday, the charity pleaded guilty in U.S. District Court in Eugene to one count of filing a false tax return with the Internal Revenue Service. The group was placed on probation for three years, and it agreed during that time not to resume operating as a tax-exempt charity in the U.S., prosecutors said.

The charity failed to report to the Internal Revenue Service that a $150,000 donation in 2000 went overseas to Saudi Arabia and was meant to be sent to Chechnya, prosecutors said. The charity falsely reported on its tax return that the money was used partly to buy a building in the U.S.

The foundation was disbanded after the U.S. government declared it was a terrorist organization and froze its assets.

The charity doesn’t even exist anymore so how can it be placed on three years probation? Or does it exist and has it been operating funding jihad as a designated terrorist org all along? In fact, the terrorist-loving, patriot-hating IRS is only banning the terror-funding Muslim charity from operating as a tax exempt org. Apparently it can operate otherwise.

A message left Tuesday evening with a lawyer representing the charity was not immediately returned.

Also known as Pirouz Sedaghaty, Seda worked for many years as a tree surgeon in Ashland, where he operated the Al-Haramain Islamic Foundation and was an outspoken proponent of the peaceful aspects of Islam.

A jury convicted the Iranian-born U.S. citizen in 2010 of using the foundation to help smuggle $150,000 to Saudi Arabia in 2000 and signing a fraudulent tax return to cover it up. During the trial, Seda blamed the tax return on his accountant and maintained the money was for humanitarian aid.

At Seda’s 2011 sentencing, a federal judge said there was no proof directly linking him to terrorism, but the judge said he had no doubt the money went to Islamic fighters in Chechnya, as the prosecution maintained.

In August 2013, the 9th U.S. Circuit Court of Appeals in San Francisco overturned the conviction, saying the government turned what was really a tax fraud case into a terrorism case. The court said the defense was given incomplete versions of classified documents.

Eric Holder, the 9th Pillar Sharia Court, and the IRS – infidels don’t have a chance against them.

Landmark Terror Financing Trial Begins in New York

via The Tower.

The terror financing trial of the Arab Bank, based in Amman, Jordan, began yesterday in Federal District Court in Brooklyn.

The New York Daily News reports:

The plaintiffs suing Arab Bank for facilitating money transfers to charities controlled by Hamas and suicide bombers are 300 victims and family members of 24 terrorist attacks in Israel between March 2001 and September 2004.

“We intend to prove the bank knowingly provided financial services to senior Hamas leaders and operatives and to the families of suicide bombers,” said Gary Osen, attorney for the plaintiffs.

According to the report in The New York Times the case will revolve around how much officials of the bank knew that they were knowingly providing services to Hamas, a designated terror organization. For example Hamas spokesman Osama Hamdan maintained an account at the bank and ” at least three wire transfers” made to his account “were earmarked for Hamas” and were approved by officials at the bank.

The plaintiffs allege that charities like the Saudi Committee sent payments to terrorists and their families that the bank processed, pointing to a Saudi Committee spreadsheet that listed “the names of martyrs and their beneficiaries, as well as the martyrs’ causes of death,” according to an order from Judge Gershon.

The plaintiffs also have as evidence ads like one that ran in an Arab-language newspaper in 2002: “The relatives of the martyrs, whose names hereby follow, are requested to head for the Arab Bank branches in their places of residence in order to receive the tenth payment from the honorable Saudi Committee — a sum of 5,316.06 USD for each family.”

Payments of $5316.06 were typically made to families of “martyrs.”

In pre-trial proceedings the Arab Bank refused to turn over a number of documents demanded by the court leading Judge Nina Gershon to rule that she would instruct the jury that due to the refusal the jury “’may, but is not required to, infer’ that the bank provided financial services to designated terrorist organizations and individuals.”

Last month The New York Times reported on the dubious tricks major banks have used to continue doing business with Iran in violation of existing sanctions.

In his profile of Nitsana Darshan-Leitner, The Woman Who Makes the Jihadis Squirm that appeared in the February 2014 issue of The Tower Magazine, editor David Hazony explained the difficulty of suing banks for terror ties, “Yet the biggest challenge has clearly been fighting against corporations and banks. Suddenly you find yourself facing massive teams of well-heeled lawyers who have long ago mastered the tactics of high-stakes litigation on behalf of wealthy clients who exist only to preserve and build their wealth.”

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