posted by Christopher W. Holton
Here is a stark case of creeping shariah.
As we have often mentioned here on SFW, the weapon of choice for the financial jihadists is the sukuk, also known as “Islamic” bonds.
The reality is that sukuk are not bonds at all. They are a shariah-compliant concoction designed to create an income stream without calling that stream “interest.”
They have become prevalent in the Islamic world and the financial jihadists have been working to infiltrate them into the Western financial system for several years now.
They’ve just established a beachhead in Michigan…
http://www.reuters.com/article/us-islamic-finance-usa-idUSKCN0XG0F3
