Harvard Goes Halal - Part 2
Investor’s Business Daily editorializes on the biggest bribery scam in US history:
…Over the past few years, Harvard University has received millions in endowments from rich Saudi and Emirate sheiks. Now it’s returning the favor by Islamizing its campus and promoting the Shariah agenda of its new Arab masters……this weekend it hosted a $400-per-person conference on Shariah finance led by officials from Saudi Arabia and the United Arab Emirates.The goal of the forum — sponsored by Harvard’s Islamic Finance Project — is to “integrate” Islamic finance into the mainstream economy.That’s a tough fit, because Islamic, or Shariah, finance forbids investment in major Western industries, including those that derive substantial income from interest.Banking and insurance, as well as alcohol, tobacco or pork-related industries, are not considered “halal,” or allowable, under Islam. Entertainment is also unlawful.Shariah-compliant investments are monitored by paid Shariah law advisers who must “purify” certain returns by donating them to Islamic charities — including some that promote jihad and support suicide bombings.With $800 billion already in Shariah assets — and $1 trillion to $2 trillion in Arab petrodollars annually looking for an investment home — the potential for billions being siphoned off for terrorism is real……One prominent Shariah adviser is Sheik Yusuf al-Qaradawi[Qaradhawi]. He’s a paid adviser to Arcapita (formerly Crescent Capital), which happens to sponsor Harvard’s Islamic Finance Project along with Abu Dhabi Islamic Bank.Al-Qaradawi is an Egyptian who has advocated suicide bombings and described Shariah finance as nothing less than “jihad with money.”He heads the Islamic American University and is a proposed trustee of the Islamic Society of Boston. The director of Harvard’s Islamic Finance Project, S. Nazim Ali, is active in both the university and the Islamic Society. Ali is neither an economist nor a scholar. His background is in computers…Oh yeah, I love the idea of Qaradhawi deciding where it’s OK to put your cash. The entire concept is only decades old. The Center for Security Policy — the only group that seems to be focussed on this issue — held a press conference on Thursday. Miss Kelly has a post with some of the info on that, here.With trillions of dollars in play, men will find ways of normalizing the unthinkable. And once it’s here, there won’t be any way to get rid of it without massive damage to ourselves. It’s bad enough our economy is so on the hook to Red China that we excuse away almost everything and grant them all sorts of special favors, now we’ll have this thing out there hanging over our heads like the sword of Damocles. We’ll never be able to extricate ourselves.