The Washington Post/Newsweek blog has an article on the AIG suit which we featured yesterday. The article is actually fairly well done and balanced, but the author, David Waters failed to realize an extremely important point about Shariah-Compliant Finance:

According to the promoters of Shariah-Compliant Finance in the Islamic world, Shariah-Compliant Finance is in fact “missionary work.” The whole point behind the system was, is and probably always will be to promote Islam and Shariah. 

So, it doesn’t matter what AIG’s intent was/is or what the US Treasury’s intent was/is, AIG has a Shariah-compliant insurance division and that division would not exist but for Shariah in the first place.


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