« Home | Thank goodness: Red Ken Livingstone is ousted from... » | Israeli government still won't provide proper reac... » | Mexico's organized assistance to illegal immigrants » | IDF air strike kills one of Gilad Shalit's kidnappers » | Exodus' commander Yossi Harel passes away at 90 » | Japanese may have more respect for Anne Frank than... » | What will become of Egypt post-Mubarak? » | When you don't destroy Hezbollah, you can only exp... » | Is this what we're in Iraq for? » | Drug cartel battles in Mexico » 

Saturday, May 03, 2008 

Shari'a finance continues to spread in Britain

But now, onto some bad news from England, that being how Shari'a is continuing to make considerable advances throughout the country. For example, as told by Accountancy magazine (via The Astute Bloggers):
Rowan Williams, the Archbishop of Canterbury, caused a furore recently when he said some aspects of Sharia law were ‘unavoidable’ in the UK.

Only time will tell whether that is the case, but what is happening quietly in the bowels of the City of London is the rise of Sharia - or Islamic – finance.

It is not that the moneymen have had a religious conversion. Rather, there is the realisation that there is profit to be made from in the Middle East and south-east Asia from massive infrastructure projects fuelled by oil-driven financial liquidity.

[...]

The last few years have seen an explosion in Islamic finance in the UK. In 2004 the Organisation for Economic Cooperation and Development saw the establishment of the Islamic Bank of Britain, the first wholly Islamic retail bank. This was followed in 2006 by the European Islamic Investment Bank.

Both HSBC and Lloyds TSB have expanded their Islamic finance in the UK.

Even CIMA recently launched a Certificate in Islamic Finance. It offers ‘comprehensive skills’ in areas including Sharia compliance and ‘the complexities of the contracts that underpin this compliance’.

CIMA’s John Willsdon, who runs the course, said: ‘Islamic finance has caught the imagination of a great many people across the world. There is no doubt that the oil wealth amassed in the Middle East and South East Asia has given a tremendous impetus to this relatively new niche in the market.’

Since the launch in December last year, more than 50 students from 13 countries have studied for the certificate.
Read also this article from Travel Mole, and this one from Datamonitor. As you can see, the UK truly is becoming a dhimmi - to Islamic finance.

Labels: , ,

About me

  • I'm Avi Green
  • From Jerusalem, Israel
  • I was born in Pennsylvania in 1974, and moved to Israel in 1983. I also enjoyed reading a lot of comics when I was young, the first being Fantastic Four. I maintain a strong belief in the public's right to knowledge and accuracy in facts. I like to think of myself as a conservative-style version of Clark Kent. I don't expect to be perfect at the job, but I do my best.
My profile

Archives

Links

    avigreen2002@yahoo.com Beacons page Linktree page All My Links page Gab page Minds page Realtime Website Traffic

      I also contribute to

    • The Astute Bloggers
    • Infidel Bloggers Alliance
    • Which also includes (open menu)

      My other sites

    • The Four Color Media Monitor
    • The Comic Book Discrimination Dossiers
    • Hawkfan
    • The Greatest Thing on Earth!
    • The Outer Observatory
    • Earth's Mightiest Heroines
    • Puzzle Paradise
    • The Co-Stars Primer
    • Cinema Capsule Cavalcade
    • Food Diner
    • News/Opinion sites (open menu)

      Writers and special activity groups (open menu)

      Media Watchdogs (open menu)

      Columnist bloggers (open menu)

      Research on terrorism (open menu)

      Milbloggers (open menu)

      Trackback parties (open menu)

      Trackback tools

    • Wizbang Standalone pinger
    • Search Blogspot
    • Other bloggers: Israel and Asia (open menu)

      Other bloggers: Europe (open menu)

      Other bloggers: American continent (open menu)

      Museum sites (open menu)

      Bloggeries Blog Directory blog directory Politics Blogs
      Politics blog TopOfBlogs Society blog Blog Directory & Search engine blog directory View My Stats
    • W3 Counter stats
    • Click here to see website statistics
    • eXTReMe Tracker
      Locations of visitors to this page  

    This page is powered by Blogger. Isn't yours?

    make money online blogger templates

Older Posts Newer Posts

Tel-Chai Nation is powered by Blogspot and Gecko & Fly.
No part of the content or the blog may be reproduced without prior written permission.
Join the Google Adsense program and learn how to make money online.