The Dow-Jones Islamic Market Index is 10 years old. Excuse us if we decline to join in the celebration of one of America’s financial icons helping our enemy’s threat doctrine infiltrate our financial system.

Dow Jones’ due diligence with regard to that entity has been nothing short of LOUSY. Case in point: they brought on the North American Islamic Trust (NAIT), a Muslim Brotherhood front group, as an advisor. Even after NAIT was named an unindicted co-conspirator in the Holy Land Foundation terrorism financing trial, Dow Jones kept them on, possibly because they were unaware or possibly because they hoped no one else would notice. Alas, others DID notice, and they had to terminate their deal with NAIT (which, by the way, holds title to somewhere in the neighborhood of 80% of the mosques and Islamic centers in the U.S.).

But that wasn’t all. The Chairman of Dow Jones’ Shariah Advisory Board was none other than the creepy and disgusting Mufti Muhammad Taqi Usmani. Usmani is well-known for his uncompromising views on the mandatory nature of conducting offensive jihad against non-Muslims “in order to establish the supremacy of Islam” worldwide. 

Usmani also complained bitterly at the lack of martyrs to combat American forces in Iraq: 

“No one is found having any desire of Shahadah (martyrdom). How many mothers are there who want to sacrifice their sons for the cause of Islam? How many sisters are there who want to say goodbye to their brothers departing to wage jihad against non-believers?”

Usmani referred to Americans in Iraq as “stinking atheists” and “the worst ever butchers and vultures of the world” who are “clawing off the flesh of bodies of innocent Iraqi Muslims.”

Usmani was only removed as the Chairman of the Dow Jones Shariah advisory board after Investor’s Business Daily revealed his associations and writings in a series of editorials. 

It is utterly amazing that IBD could have found all of this information about Usmani, yet Dow Jones was incapable of doing so. Nor was Dow Jones able to do a Google News search and find out that their advisor had been named an unindicted co-conspirator in a terrorism-financing trial. Others had to bring it to their attention.

So, the 10th anniversary of the Dow Jones Islamic Market Index is certainly nothing to celebrate. The whole enterprise is shameful.


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