1. The West enticed by Islamic finance
You who think that everything related to the Shariah, "Islamic law" is necessarily in the eyes of Westerners a negative, think again : Islamic finance, which, as its very name, is ethical and religious rules of Islam, seems to have a bright future in the countries of Europe and the West. In fact, they, by the smell of petrodollars enticed, now see Islamic finance a way to replenish their coffers. The figures also do not they speak for themselves: "1000 billion in 2010, the stock provided by economists for Islamic finance. Number continues to increase for many years. From 2003 to 2007, it generated an increase of 15% " (Nuri Shakir). In France, the spokesman for the cause of Islamic finance is other than the Minister of Economy Christine Lagarde. In 2009, during a conference, it has stated that for "banks wishing to conduct operations in accordance with the provisions of sharia, the French territory is obviously ready to welcome them ... Consider the French territory as a haven. " The stakes in this operation? 120 billion euros in 2020 and thus catch City of London which led to "safe haven" for Islamic finance for already a decade.
2. An Islamic finance?
When we speak of "Islamic finance", some still wonder: "Why, there can finance itself" Islamic "finance is finance, period! "Error. Islamic banking complies with sharia, "Islamic law". Following the recent - and future? - Disasters that have hit the global finance some even try to make Islamic finance as a finance "ethics" , merely because it prohibits interest, uncertainty, speculation and aims at sharing of profits. This, frankly, a very idealized vision of Islamic finance. Thus, Charles Garrett (54 years), a contractor while supporting the Islamic finance, has had to admit that "contrary to popular belief, it is not an ethical finance" , but immediately adds : " [T] he principle founder of Islamic banking is the sharing of risks. Clearly, an investor who invests in a box take as much risk as the project director, unlike the conventional system. You contract a loan from your bank to finance your business. If your mailbox later goes bankrupt, you'll always be indebted. Now, in theory, your bank is a partner for the worst and the best ... especially for the better here. "And Xavier Ducros, a trader 38 years, added: " I worked on Islamic finance, where home ownership is a partnership between the bank and the customer. The bank buys the property, sells it to the customer with added value. Determining a repayment period of several years. The customer will own the freehold only when the total amount will be refunded. Meanwhile, the property will be condominiums. "And some to conclude too quickly that this is a topic from the Islam that seems to unanimity.
3. The imposition of Sharia law by petrodollars?
Indeed, what can we learn from this predominantly Islamic finance, except that it subsidizes it belongs in law (Islamic) until you have fully repaid your debt? What implications these "rules" could they be Islamic in the context of a public debt that is known generalized and chronic in Western countries? Does this mean that a State would, for example, indebted to Islamic banks s'appartiendrait not really until he fully repaid its debt? What impact this debt, that given the state of our finances, we know continuing and growing, he has the policy of our states? Financially linked to the Shariah, the Western States, in debt, do not they will eventually comply with other desiderata of Islamic law? So unanimously in favor of Islamic finance? Certainly not!
4. The testimony of Guy Milliere
Thus, Guy Milliere it puts us conveniently Warning: Militant Islam, he says, which includes radical Islam but is not limited to him, far from it now engaged in an offensive and planetary "his favorite instrument, lately, is not the headscarf or burqa much talked about, is not the minarets, but the finance Islamic the servants of a Europe that actively practice preventive submission, we try to present, as we noted, as an "ethical finance". "Investments , says Mr. Milliere made in the context of Islamic finance must comply with Sharia certain activities and ways to engage in its activities are illegal (haram). Are concerned not just gambling and alcohol, but also freedom of speech and religious freedom. Criticizing Islam is inconceivable, "said the Shariah. Place all religions on an equal footing is also inconceivable. All investments must be supervised by an office of the Sharia which is equivalent to re-introduce surveillance economic activities by religious. " Clearly, " want to attract capital by putting his finger in the gears of submission to the values and terms foreign to democratic capitalism entails the risk of being crushed by the gears entirely. "
Eric Timmermans
Sources:
- " Islamic Finance: parochial ... or minaret ", Aurélien Véron (President of the Liberal Democratic Party ), December 4, 2009
- " Far from the burqa, finance Islamic arrives to save the soldier France ... ", Nuri Shakir, 14 January 2010, Yahoo! Finance
- "The hidden Islamic finance" Guy Milliere, February 25, 2010, The 4 Truths
0 comments:
Post a Comment