muslim world

Your tax money pays to expand Shariah economies

by RACHEL EHRENFELD, WND.com  |  published on January 12, 2013

Under Obama’s administration, the U.S. Agency for International Development, or USAID, bears little resemblance to the international aid agency that President John F. Kennedy initiated on Nov. 3, 1961.

USAID’s stated goal was to further “America’s foreign policy interests in expanding democracy and free markets while also extending a helping hand to people struggling to make a better life, recover from a disaster or striving to live in a free and democratic country.”

However, upon issuing the first USAID loan guarantee of $1.15 million to an Islamic bank in Indonesia in August 2011, the agency’s blog justified the move, stating: “The finance guarantee agreement builds on President Obama’s speech in Cairo, which called for deeper engagement with the Muslim world.”

The development of Islamic banking was made possible by Malaysia.

A recent Economist article, “Banking on the ummah,” reviewed the country’s Islamic banking industry and pointed out the lack of standardized regulations and transparency. But the piece ignored the country’s role in implementing the Muslim Brotherhood’s larger agenda to create a “parallel economy“ by first infiltrating and co-opting the Western economy.

Islamic banking is a concept that was slow to catch on until 1993, when Anwar Ibrahim – then Malaysia’s finance minister – helped to introduce newly invented ”Islamic banking windows” into conventional banks. This measure, which familiarized the clientele with and built confidence in the unknown Islamic banking system, proved central to the development of the global Islamic finance industry.

The establishment of an independent “Islamic economy” is an important factor in the Muslim Brotherhood agenda. Consequently, the development of Islamic banks is viewed as critical to facilitating the establishment of a global Islamic umma, or state.

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