Thursday, March 31, 2011

Just Shariah Law & Sharia Finance - Nothing to see here, go back to your homes

HT CC via BCF Shariah complaint in Ohio
Eugene Volokh highlights an incident in Mansfield, Ohio, where the Mansfield High School forced a local Tea Party group to change venues after the group invited an “anti-Islam” speaker. According to the school, the event was canceled not because of the speaker’s message but because the school — in consultation with the police — decided that it “could not guarantee public safety.”
 Is There a Double Standard in Tim Pawlenty's Disavowal of Sharia-Compliant Mortgages?
Adam Serwer writes today about a state mortgage program set up in Minnesota during Tim Pawlenty's tenure that structured loans to avoid interest payments barred under Islamic law. He speculates it could become a problem for the ambitious Pawlenty among conservatives who "believe Sharia-compliant finance is part of a 'stealth jihad' to subvert the Constitution."
Canada woos Islamic finance
The Hockey Hall of Fame may seem like an unlikely venue for tonight's gathering of some of the global leaders in Islamic banking and insurance services.
But the location was chosen because it is ideal to introduce foreign investors to Canada, say the organizers of the event from Ittihad Capital Corporation, a Canadian company specializing in Islam-compliant financial services.
"We are a proudly Canadian firm," said Ittihad president Suhail Ahmad. "We want the foreign investors to walk away and understand that Toronto is a place where they want to do business."

No legal hurdles to Islamic financing: CMHC report

Canada's Muslim community has taken the first tentative steps to privately offering Shariah-compliant mortgage-like products, but the practice is still in its infancy.
Islamic financing is based on the principle that charging interest on loans is forbidden.

Ever wonder what a dhimmi is?