Islamic banks are establishing banks all over Europe, and even the Vatican has joined the bandwagon by publicly voicing its approval. Proponents of Shariah banking advocate it as a “more ethical” option than those banks entrenched within the capitalist doctrine. However, Shariah principles forbid investment in certain companies deemed inappropriate in the Muslim world, and prohibit women from opening bank accounts without their husband’s expressed approval. Not only does Shariah banking take a step backwards in women’s rights, it also supports terrorism and the spread of a global Islamic government.
