We bailed out AIG for this? They are promoting Sharia Finance for Muslims in America. Again why are Muslims given special rights? Why should they get separate loans?
Federal Reserve sued for funding Shariah products
A lawsuit has been filed against the Federal Reserve Board and U.S. Treasury Secretary Henry M. Paulson Jr. over Wall Street bailout money going to American International Group, which is funding Shariah-compliant insurance and products.
WND reported a week ago that AIG has benefited from two major bailout agreements with the U.S. government giving $152.5 billion in taxpayer dollars to the company. Then it confirmed it is stepping up its dealings with Islamic finance offering homeowners insurance that complies with Islam’s religious Shariah laws.
According to an announcement at the time, Risk Specialists Companies, Inc., or RSC, a subsidiary of AIG Commercial Insurance, was introducing its Shariah-compliant Takaful Homeowners Policy to the U.S.
The Shariah-compliant policy is underwritten through RSC member company A.I. Risk Specialists Insurance, Inc., in conjunction with Lexington Insurance Co. and in association with AIG Takaful Enaya.
We should have let AIG collapsed. Let their Jihadists allies help them. This is an example of the Corporatist-Islamic alliance.
Tags: AIG, Hank Paulson, sharia finance
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OT
Part 5 of Pickled Radish’s evil, racist diatribe is up at Brussels Journal.
http://www.brusselsjournal.com/node/3700
Enjoy!
OK, lessee, halal insurance is more of a “special right” than, say, kosher food. And less of an outrage than the bailout itself.
A market exists, a company tries to make some money off it. Isn’t that how capitalism is supposed to work?
I linked to this story a while ago in the first link dump. Where is my hat tip?
Doesn’t Sharia Financing fund terrorist?
A market exists, a company tries to make some money off it. Isn’t that how capitalism is supposed to work?
If they were making money off of it, why did they need a bailout? Any sharia doesn’t work for me.
Avid, yes it does. Sura is ok with that.
If they were making money off of it, why did they need a bailout?
1) Because they’re headed by idiots, crooks and liars. 2) They weren’t in this market before the bailout.
Avid, yes it does. Sura is ok with that.
So, if I sell a used Honda to a MooseLimb, some of that purchase price is going to The Terrorists. Right? There’s no proof that AIG makes any payments to Terrorists, Sharia compliant insurance or no. If you’ve got any, then perhaps you ought to contact the Feds.
Someone did, or it wouldn’t be an issue Su.
So would you mind your tax money going into Westboro Church charities? Or is it only Islamic fascist that you don’t mind supporting?
Think of it as taxpayer funded God hates fag signs vs rope to hang them with.
You have to be in a quandry over that one.
I say no to both.
Another company that Pipes once told me was being run my a “jihadi” is Ethan Allen. It is now run by a Kashmiri separatist as its CEO. That’s small potatoes compared to AIG etc. but still.
From the link Su evidently didn’t read.
“The Holy Land Foundation for Relief and Development, recently convicted for providing material support to Islamic terrorist organizations, is an example of an Islamic “charity” that qualifies for receipt of the zakat,” the lawsuit said.
Lex, need an editor?
lol, you opened yourself up for it!
NEW YORK, December 1, 2008 — Risk Specialists Companies, Inc. (RSC), a subsidiary of AIG Commercial Insurance, today announced it is introducing a Takaful Homeowners Policy, the first installment in Lexington Takaful Solutionssm, a series of Shari’ah-compliant (Takaful) product offerings in the U.S. The newly announced Takaful products are compliant with key Islamic finance tenets and based on the concept of mutual insurance.
Sharia compliant does not leave out the zakat.
Even if the zakat only goes to “good” charities that don’t want to blow people up, it is discriminatory in it’s “charity work”. ONLY muslim charities.
If “Christian compliant” anything meant that a portion of all money went to ONLY Christian charities, I’m sure Su would have a problem with that.
That was acceptable content. The ‘rules’ in blogging and commenting are less rigid than normal publishing, but you still go beyond the pale yourself…LOL.
re 13 Thanks for you great link and observation.
re 14 I there anything you can not understand?
Avid–higher mathematics. I cannot understand them at all;)
Even if the zakat only goes to “good” charities that don’t want to blow people up, it is discriminatory in it’s “charity work”. ONLY muslim charities.
So this is outrageous…
AIG has benefited from two major bailout agreements with the U.S. government giving $152.5 billion in taxpayer dollars to the company.
But this apparently isn’t, because you lot only noticed when the MooseLimbs got involved.
If “Christian compliant” anything meant that a portion of all money went to ONLY Christian charities, I’m sure Su would have a problem with that.
I have no trouble with Christians helping poor people. I have a big problem with them telling me how to live my life. Same with the Muslims. But of course this is going to slide right past you, since according to the wingnut groupthink I’m a terrorist-communist-fascist-MooseLimb-Nazischwein.
re 17 I do not think you are “a terrorist-communist-fascist-MooseLimb-Nazischwein” What do you mean by “you lot only noticed when the MooseLimbs got involved.”?
Isn’t it true that this “investment product” is an example of the establishment of religion by the federal government, as it actively has financed it? Yes of course. Does the US government bailout churches? No. Would it? No. Does it bail out Christian charities? No. So, on constitutional grounds, this is an outrage.
Then there’s the issue of laws relating to charities. Is it OK to subsidize terrorism? No. Do Islamic charities subsidize terrorism? Often (maybe most of the time) yes, if not directly, then by propagating Islamist principles such as the necessity of Sharia. Can such an “investment product” comply with the transparency required by charities? Well, maybe in theory, but it makes transparency much more difficult.
Is there any reason why the Muslims cannot give charity without the institutional apparatus? No reason. So, this whole thing is just creeping Sharia. It has symbolic significance as well as practical significance.
BTW, Sura, did you actually read the linked article? This is a slam-dunk on several grounds. And let me tell you something, if you think Muslims would NOT tell you how to live your life, you are deluding yourself. Islam makes Christianity look rabidly pro-gay. Separation of church and state does not exempt the mosque. Lean it already.
But of course this is going to slide right past you, since according to the wingnut groupthink I’m a terrorist-communist-fascist-MooseLimb-Nazischwein.
I’m much too shy to say something like that…I was thinking of something simple.
Like flake…
me: Even if the zakat only goes to “good” charities that don’t want to blow people up, it is discriminatory in it’s “charity work”. ONLY muslim charities.
Su: So this is outrageous…
me: Yup. Why aren’t you outraged?
Su quotes: AIG has benefited from two major bailout agreements with the U.S. government giving $152.5 billion in taxpayer dollars to the company.
Su: But this apparently isn’t, because you lot only noticed when the MooseLimbs got involved.
me: So now you’re a mind reader? I’ll remember next time to copy you on all of my thoughts about the socialization of our country. Now with the “sharia compliant” part, it is a whole new outrage.
me: If “Christian compliant” anything meant that a portion of all money went to ONLY Christian charities, I’m sure Su would have a problem with that.
Su: I have no trouble with Christians helping poor people. I have a big problem with them telling me how to live my life. Same with the Muslims. But of course this is going to slide right past you, since according to the wingnut groupthink I’m a terrorist-communist-fascist-MooseLimb-Nazischwein.
me: But Su, I was talking about YOU helping only Christian poor people and giving your money to a system that in order to pass inspection, has to be blessed by a Christian minister and a portion of the deal goes only to Christian charities. Maybe even one of those pray-the-gay-away-vigils or something that you hold a special place in your heart for, it doesn’t matter. Your taxes and you have no say, and godless unbelievers in the Christian way need not even ask for help. It is a condition of “Christian compliant”. I’m surprised to hear you would be ok with that.
About that “terrorist-communist-fascist-mooselimb-nazischwein” part- I’m with Tex. You give yourself way too much credit. Most just think you’re a dolt. It was also another example of the muslim apologist rep (proven here by your willingness to accept muslim law as a non-muslim and having no problem at all with the discrimination required for sharia compliance).
In case he missed it.