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Monday, July 20, 2015 

Seattle mayor is a willing ally to sharia finance

Seattle's mayor is willing to help set up sharia financing for Muslims who want it:
For some Muslims, it can be hard to buy a house, and Mayor Ed Murray plans to do something about it.

On Monday, Murray's housing committee released its recommendations for ways the city can increase housing in the city. Most ideas were what you'd expect, including increasing the city's housing levy and implementing new rules and regulations to foster development of market-rate and lower-income housing.

One suggestion would help followers of Sharia law buy houses. That's virtually impossible now because Sharia law prohibits payment of interest on loans. The 28-member committee recommended the city convene lenders and community leaders to explore options for increasing access to Sharia-compliant loan products.
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More and more lenders are offering Sharia-compliant financing, according to a USA Today report. The sector has grown to more than $1.6 trillion in assets worldwide over the past three decades, and analysts see potential for continued growth as the number of Muslims in the United States and Europe grows.
Truly awful. The worst part is how there's politicians out there who're willing to submit to the demands of these stealth conquestors, and in Seattle, it figures the overlord of a leftist regime is willing to be one of the first to do it. That kind of dhimmitude will only help damage economy in the end.

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