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Islamic Cultural Jihad – Shariah Compliant Finance

July 11, 2009

If we allow Sharia Finance to gain a foothold in our economy …We will be financing our own murders.


Embedded videos

Link @YouTube
Frank Gaffney of the Center for Security Policy discusses the start of the COALITION TO STOP SHARIAH ( at the National Press Club in Washington, DC.

This second video continues where the above video left off.

Link @YouTube
Best-selling author Robert Spencer of discusses the start of the COALITION TO STOP SHARIAH at the National Press Club in Washington, DC.


We are Americans opposed to the stealth jihad being waged in this country by those who promote Shariah – authoritative Islams theo-political-religious program for establishing a global theocracy. As such, Shariah and its espousal of violent and stealthy jihad constitute sedition. We are determined to resist efforts now underway to create parallel Muslim societies and otherwise to insinuate Shariah into this country via its mosques, prisons, campuses, media, government and financial institutions.
Of particular concern is the progress being made to establish Shariah-Compliant Finance (SCF) within Western, and most recently, U.S. banks and other institutions that trade securities. Islamic finances leading Shariah authorities have made plain that they consider SCF to be jihad with money, financial jihad and a means of promoting their objective of destroying the Wests economic system and replacing it with an Islamic one.

Incredibly, in recent days, the U.S. Treasury Department has begun embracing Shariah-Compliant Finance. Deputy Secretary of the Treasury Robert Kimmitt has professed an interest in studying the salient features of Islamic banking to ascertain how far it could be useful in fighting the ongoing world economic crisis. According to a press report out of Saudi Arabia, he has declared that experts in the Treasury Department are currently learning the important features of Islamic banking.

…….The Coalition to Stop Shariah calls on the Treasury Department to cancel this indoctrination session, to cease its efforts to promote Shariah-Compliant Finance and to recognize Shariah for what it is – sedition – and treat it accordingly by banning its use in U.S. financial institutions and products.

Fact Sheet on U.S. Treasury Endorsement of Shariah Compliant Finance

Federal Lawsuit Filed Against Treasury Secretary to Stop AIG Bailout Financing of Terrorist Activities” -Society of Americans for National Existence (SANE) December 15:

ANN ARBOR, MI – A federal lawsuit was filed this morning against U.S. Treasury Secretary Henry M. Paulson, Jr. and the Federal Reserve Board to stop all bailout funds from going to American International Group, Inc. (“AIG”). According to the lawsuit, the U.S. government, through its ownership of AIG, is not only violating the Constitution, but also promoting and financing the destruction of America using American tax dollars.

The basis of the lawsuit is that AIG intentionally promotes Shariah-compliant businesses and insurance products, which by necessity must comply with the 1200 year old body of Islamic cannon law based on the Quran, which demands the conversion, subjugation, or destruction of the infidel West, including the United States. To help achieve these objectives and with the aid of federal tax dollars, AIG employs a three-person Shariah Advisory Board, with members from Saudi Arabia, Bahrain, and Pakistan. According to AIG, the role of its Shariah authority “is to review [its] operations, supervise its development of Islamic products, and determine Shariah compliance of these products and [its] investments.”

Of particular significance is the Pakistani Board member, Dr. Muhammed Imran Ashraf Usmani. Dr. Usmani is the son and devoted disciple of Sheik Mufti Taqi Usmani, the leading authority on Shariah financing who, in 1999, authored a book dedicating an entire chapter on why a Western Muslim must engage in violent jihad against his own country – even if Muslims are given equality and freedom to practice their religion and to proselytize.

The lawsuit was filed in the Federal District Court for the Eastern District of Michigan on behalf of Kevin J. Murray, a former Marine infantryman who served two tours of duty in Iraq. Murray is represented by the Thomas More Law Center, a national public interest law firm based in Ann Arbor, Michigan, and David Yerushalmi, an associated attorney who specializes in litigation and is an expert on Shariah law and Shariah compliant financing. Mr. Yerushalmi also serves as general counsel to the Center for Security Policy in Washington, D.C.

According to the lawsuit, use of taxpayer funds to acquire ownership of a business that intentionally promotes, endorses, supports, and funds Shariah-based Islamic religious practices violates the Establishment Clause of the First Amendment to the U.S. Constitution.

Richard Thompson, President and Chief Counsel of the Thomas More Law Center, commented, “This lawsuit not only raises significant constitutional issues, it also shines a light on serious national security issues that our own government has created by direct financial support and ownership of a business that supports anti-American, radical Islamic activities. Make no mistake, there is an internal cultural jihad underway against our great nation, and I fear that many of our political leaders are unwittingly complicit in it.”

On September 11, 2001, Islamic terrorists, guided by principles of Shariah-mandated jihad against “infidels,” attacked and killed thousands of innocent American civilians. Shortly thereafter, the U.S. went on the offensive by engaging Islamic terrorists overseas in Iraq and in Afghanistan. As in the past when our Nation faced great crisis, American servicemen were called to action, and Kevin Murray answered the call. From March to October 2003, Murray – a U.S. Marine – was deployed overseas in support of Operation Enduring Freedom and Operation Iraqi Freedom.

Yet today, Murray’s federal tax dollars are being used to advance the very cause of global jihad he and his fellow servicemen were placed in harm’s way to overcome. Shariah explicitly demands the murder of infidels like Kevin Murray and the destruction of the United States, which Murray took an oath to defend. Shariah is the same law that is used to justify beheadings, stonings, and amputation for petty crimes in places like Saudi Arabia, Iran, and Sudan, which Americans deplore.

Nevertheless, AIG acknowledges and boasts its promotion of Shariah law and Shariah-based business practices. AIG itself describes “Sharia” as “Islamic law based on the Quran and the teachings of the Prophet [Mohammed].”

In further support of the federal government’s endorsement of Shariah, the U.S. Treasury department co-sponsored a seminar in November of this year entitled “Islamic Financing 101” to promote Shariah financing among American institutions. The Seminar was jointly sponsored by Harvard University, one of the many American universities and colleges receiving millions of dollars from oil-producing countries to influence their Middle East programs, which are often staffed with professors who are anti-American, anti-Israeli, and pro-Islamic.

“It is clear,” said Thompson, “oil money is purchasing the sovereignty of the United States and whatever loyalty to America these greedy financial institutions, corporations, and universities have left. It’s up to the American people to take back their country from those who so easily betray its interests.”

The federal lawsuit challenges that portion of the “Emergency Economic Stabilization Act of 2008” that appropriated $40 billion in taxpayer money to fund and financially support the United States government’s majority ownership interest in AIG, which engages in Shariah-based Islamic religious activities that are anti-Christian, anti-Jewish, and anti-American.

According to the lawsuit, through the use of taxpayer funds, the U.S. government acquired a majority (79.9%) ownership interest in AIG, and as part of the bailout, Congress appropriated and expended an additional $40 billion of taxpayer money to fund and financially support AIG and its financial activities. AIG, which is now a government owned company, engages in Shariah-compliant financing, which subjects certain financial activities, including investments, to the dictates of Islamic law and the Islamic religion. This specifically includes any profits or interest obtained through such financial activities.

An important element of Shariah-compliant financing is a form of obligatory charitable contribution called zakat, which is a religious tax for assisting those that “struggle [jihad] for Allah.” The amount of this tax is between 2.5% and 20%, depending upon the source of the wealth. The zakat religious tax is used to financially support Islamic “charities,” some of which have ties to terrorist organizations that are hostile to the United States and all other “infidels,” which includes Christians and Jews.

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. Thus, as a direct consequence of the taxpayer funds appropriated and expended to purchase and financially support AIG, the U.S. government is now the owner of a corporation engaged in the business of collecting religious taxes to fund interests adverse to the United States, Christians, Jews, and all other “infidels” under Islamic law

Continued Thompson, “This lawsuit is as much about protecting constitutional principles as it is about protecting our national security and preventing another 9/11 – whether it be overt through flying planes into buildings or covert through appropriating taxpayer money to fund an Islamic cultural jihad.”…

PDF of Legal Complaint to Department of Treasury: Murray v Paulson et al

Now that you are all caught up, here is the latest news. Obama appointee Geithner has no respect for the US Constitution. Shocker! Timmy Geithner and the Fed tried to get the case dismissed before it even went to trial.

To no avail!

Washington Times editorial:


Regardless of jihad, there is no dispute that, as U.S. District Judge Lawrence P. Zatkoff wrote on May 26, “AIG is the market leader in Sharia-compliant financing, which features financial products that comply with the dictates of Islamic law.” It’s undisputed that the government, as a result of last fall’s bailout, now owns 77.9 percent of the “aggregate voting power of the common stock” of AIG. Furthermore, Judge Zatkoff wrote, “after the government acquired a majority interest in AIG … the government co-sponsored a forum entitled ‘Islamic Finance 101.’ ”

Why is all this important? Because in the case of Kevin J. Murray v. Timothy F. Geithner and Board of Governors of the Federal Reserve System, Mr. Murray argues that if the government owns AIG and AIG extensively practices Shariah-compliant finance, then the government effectively is supporting Islam. That would be unconstitutional.

Mr. Geithner and the Fed filed a motion for the judge to dismiss the case immediately before coming anywhere near a full trial. In a devastating 16-page decision, Judge Zatkoff slapped down Mr. Geithner and company, allowing the case to go forward. The judge acknowledged that the government bought AIG only to stave off an apparent crisis.

The money quote:

He then wrote:
“Times of crisis, however, do not justify departure from the Constitution.”

Smack down! My faith in our justice system has been restored. Send U.S. District Judge Lawrence P. Zatkoff to the US Supreme Court. He is badly needed.


End U.S. Ownership of Sharia Business Now
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  1. July 12, 2009 12:13 am
    I think aig is a problem for having a unit in there company which they have not had investigated which finance terrorist organizations which have done harm and still continue to harm our country and ruin our constitutional rights.

  2. July 26, 2009 11:02 am

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    Jared@Financial Investment Ideas’s last blog post..Update on General Growth Properties ? GGWPQ.PK

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