Sunday, November 03, 2013

Bishop Fears Sharia Bonds Pave Way for More Islamic Law

Dr. Michael Nazir-Ali, former bishop of Rochester
THE DAILY TELEGRAPH: Dr Michael Nazir-Ali, the former bishop of Rochester, warns plans by David Cameron to issue a sharia-compliant bond could have "unforeseen consequences"

David Cameron’s plans to issue sharia-compliant bonds open the way to Islamic law being enforced at the heart of government, a senior clergyman has warned.

Dr Michael Nazir-Ali, the former bishop of Rochester, said proposals to make Britain the first non-Muslim country to sell a bond that complies with sharia could trigger a series of “unforeseen consequences”.

He also voiced broader fears that Christianity was being increasingly excluded from the administration of law, after one of Britain’s most senior judges said members of the judiciary were “secular” figures serving a “multicultural community”.

Last week the Prime Minister set out plans for Britain to issue a sukuk, a form of debt that is in line with Islamic law, because it avoids the prohibited use of “riba”, or interest.

The bonds, which will be worth around £200 million, would pay a fixed return based on the profit generated by an underlying asset, such as government buildings. » | Edward Malnick, and John Bingham | Saturday, November 02, 2013

My comment:

Cameron is a traitor who is selling the UK down the river for financial gain. Dr. Michael Nazir Ali is about the only sane voice in the wilderness. I have great respect for him. If anyone should understand the potential problems with sharia-compliant finance, he should.

Cameron is a fool. An abject fool at that! He has no right whatsoever to follow this erroneous path down the road of sharia. He has no mandate for that. Only a clown would take this once truly great country down that road, that suicidal path.

I object in the strongest possible terms to my so-called prime minister taking such steps to destroy this great nation, especially without debate, and especially without a mandate.

Only an abject fool could sell the United Kingdom out for such short-term rewards.

The little respect I might have had for David Cameron evaporated the very moment I heard him utter such rubbish at the WIEF. He certainly did not speak for me; and I am fairly sure that he didn't speak for the majority of the British people either. – © Mark


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