Tel-Chai Nation

World Net Daily reports that Obama has chosen an expert in shari'a finance named Samir Ali among several "fellows" to work at the White House:

The Obama administration has announced its appointment of 13 White House fellows – and the first person featured on its short list is a Muslim attorney who specializes in Shariah-compliant transactions.

[...]

Samar Ali of Waverly, Tenn., is the first name appearing on the White House list. She is an associate with the law firm Hogan Lovells – a firm that claims to have advised on more than 200 Islamic finance transactions with an aggregate deal value in excess of $40 billion.

According to Ali's biography posted on the White House website, "She is responsible for counseling clients on mergers & acquisitions, cross-border transactions, Shari'a compliant transactions, project finance, and international business matters. During her time with Hogan Lovells, she has been a founding member of the firm's Abu Dhabi office."

Hogan Lovells lists Ali's experience "advising a Middle Eastern university in the potential establishment of a Foreign Aid Conventional and Shari'ah Compliant Student Loan Program and advising a Middle Eastern client in relation to a U.S. government subcontract matter."

"Our team members are at the forefront of developments in the Islamic finance industry," Hogan Lovells boasts. "We help set standards for the sector. We have also advised on numerous first-of-their-kind transactions, such as the first convertible Sukuk, the first equity-linked Sukuk, the first Sharia-compliant securitization, the first international Sukuk al-mudaraba and Sukuk al-musharaka, the first Sukuk buy-back, and the first Multilateral Investment Guarantee Agency (MIGA) guaranteed Islamic project financing."

Ali also clerked for Judge Gilbert S. Merritt of the U.S. Court of Appeals for the Sixth Circuit and Judge Edwin Cameron, now of the Constitutional Court of South Africa.

It's bad enough Britain's been doing this, even if it hasn't been successful. We certainly don't need shari'a finance making inroads into American politics. Nor do we need it on Wall Street, which has been embracing it too.

In his July 2008 essay, "Financial Jihad: What Americans Need to Know," Vice President Christopher Holton of the Center for Security Policy wrote, "America is losing the financial war on terror because Wall Street is embracing a subversive enemy ideology on one hand and providing corporate life support to state sponsors of terrorism on the other hand."

I wonder if America's investors should look elsewhere across the country, maybe to say, Los Angeles' stock market, for investing if Wall Street is going to stoop this monstrously low.

Labels: dhimmitude, islam, political corruption, United States