Simon Crean: Are You Really That Dumb?
“The big opportunity is in Islamic finance because there is a whole population out there that is based on Islamic law.”
Can you imagine? Is this Â senile labor dick Â totally oblivious to the fact that Australia has but ONE law for all? What’s next? A two state solution?
Look no further: the usual suspects are selling the birthright of your children for less than a song: Simon Crean, a leading dimwit in ignorance, stupidity and cupidity:Â instead of being gatekeepers the lefty labor loons open the floodgates,Â Â encourage subversion, sedition and infiltration. “Islamic Finance” is a chimera. The Arabs never had a Â financial system to speak of. Islamic finance is an invention by Sayyib Qutb, founder of the Muslim Brotherhood. It legitimizes the zakat which is used to finance the global jihad.
What did they promise you, Simon? How much did it cost to make you complicit, to aid and abet the Â global jihad? Do you have the faintest idea what you are doing?
- UAE Financial Jihadists Renew Efforts to Push Shariah Finance Out to Australia
- BBC: Islamic Finance is a Dishonest Business Run by Dishonest People
- Shariah-Compliant Finance Helps Terrorist Banks in Iran
- The Threat of Shariah-Compliant Finance â€”
- Sharia Finance: Javelin Goes Jihad – Atlas Shrugs
ERIC JOHNSTON/The Age/thanks to Mullah
WESTPAC is poised to bolster its exposure to the fast-growing Islamic finance market by offering a commodity trading facility intended for overseas investors operating under the principles of Islamic law.
Islamic finance prohibits the earning of interest. Instead, there is a focus on profit sharing based on the buying and selling of tangible assets such as property.
The move by Westpac, which targets Islamic institutions, coincides with a new emphasis by the Australian government on Islamic financing.
Trade Minister Simon Crean will today launch a study outlining opportunities for the nation’s financial services sector to tap investment and banking markets that comply with Islamic law.
This comes on the heels of a recommendation last month by a government-backed finance taskforce that called for tax rules to be overhauled to ensure that Islamic financing products were given equal treatment.
The Australian Financial Centre Forum, which released a broader report into the nation’s finance sector, highlighted Islamic financing as a potential funding source for the nation’s banks.
The global market for Islamic financial services, which has grown rapidly in recent years backed by surging oil prices, is estimated to be worth close to $1 trillion.
The issue of sukuk – the Islamic alternative to conventional bonds – is in excess of $50 billion a year.
”Accessing this market could increase the diversity of the sources of capital available to Australian businesses and consumers,” the Australian Financial Centre Forum said in its report.
Mr Crean said Islamic financing represented a key plank in the government’s strategy to make Australia a financial hub in the Asia-Pacific region.
“Continued growth in major Asian economies will create a need for resources-related services and infrastructure, which are ideal assets for forms of Islamic financing,” Mr Crean said.
All the major Australian banks now provide Islamic-style banking products for retail investors.
Meaning what exactly? That they all run like lemmings over the cliff?