Aussie National Bank going Shariah

Thanks to True Blue Aussie for this... I believe this is only one step further to Australia being in the hands of the Islamists who want to rule the world. I somehow feel that this is out in the open now whereas there are many more Organisations already under Sharia...just not publicly. As it says further on...this just dipping the toe in the water - yeah right!

My fear is that so many naive Aussies will go for this not understanding exactly what it is they are doing. After all, look how so many are gullible and taking loans they don't understand or credit cards and other contracts such as mobile phones etc. without reading the fine print. No interest they will think - but the interest is built in to the loan...equally we already know that when you deposit money into accounts that are in Sharia compliant banks there is no build up of interest either.
I can see many people being sucked into this because of greed.

Australian bank to introduce Muslim friendly loans and raise awareness of Islamic Finance
http://www.news.com.au/couriermail/story/0,23739,25631424-952,00.htmlhttp://www.news.com.au/dailytelegraph/story/0,22049,25632250-5001021,00.htmlNick Gardner and Warner RussellJune 14, 2009 12:00amONE of Australia's major banks is planning to introduce "Muslim-friendly" loans that do not charge interest, to comply with Sharia law.Instead, the National Australia Bank will structure an Islam-approved line of finance to make money from alternative methods.These include profit-sharing on the transaction, joint-ventures or leasing-type arrangements.For example, to get round the Islamic ban on usury - or unfair lending - a Muslim mortgage often works by the bank buying the property, then selling it to the customer at a profit, with the customer then repaying the entire sum in instalments.
In this way the profit margin is built in from the start. It also has the advantage of making the loan immune from future interest rate rises.NAB said the loans, which will start out small, will have to be cleared by a Sharia Advisory Board to ensure they meet strict criteria before they can be made available to the public."We are dipping our toe in the water with this scheme and thought we may be able to offer this product in high-density Muslim areas," said Richard Peters, head of community finance and development at NAB."We suspect there is demand out there, but we don't know how big it is, so we will trial a few products first."For the trial's purposes NAB will pump $15 million from its not-for-profit finance division into the program, which will distribute the funds through various community finance schemes around the country. The bank will monitor the take-up and assess potential demand.Interest-free loans of up to $1000 will be available to help finance household items, such as washing machines and fridges.The loans would also be available to non-Muslims.The news comes just days after federal Assistant Treasurer Chris Bowen said that Australia could exploit international demand for Islamic finance to create more jobs.
For the rest go to… http://true-blue-aussie.blogspot.com/

memory restored, apology to sheikyermami.

With my lack of memory I recently wrote about...it has been constantly on my mind not being able to remember where I saw a particular article. I searched through the last weeks newspapers and nothing.. I must have dreamt about it because this morning I think I had a couple of extra neurons firing. I searched back through some sites on my PC and came across the article.

My apologies must go to Sheikyermami as the article was in one of the recent posts on Winds Of Jihad.

The article was..... Non-Muslims snap up Islamic accounts
By Julian Knight
Personal finance reporter, BBC News


"I have a guarantee that my money will not be used to invest in arms or tobacco," Ms Dellaway says.


Well she might be assured of it not being invested in tobacco....but the arms part, well I think this is a delusion of hers.

says Ms Dellaway..."I thought that perhaps I would be looked at as a bit of a lunatic but not a bit of it."


No Not at all...they will not look at you as if you are a lunatic, they will be looking at you as a dumb dhimmi and as a spider looks at a fly....come into my web says the spider to the fly...then bang, you are trapped.


The reaction amongst Ms Dellaway's friends and family to her decision seems to bear this out.
"They have been really interested in what I have done. They ask lots of questions and can see how closely ethical finance and the Islamic financial models fit together," Ms Dellaway says.

So she is cajoling her friends into doing the same thing...sort of reminds me of how the muslims like to tell only the simple parts of their koran, and leave out all the big issues... What will happen to the everyday non-muslim people when the shit hits the fan and they start to realise what is really happening in this world???? Will they be able to take their loan to another bank, will they be able to close off any accounts???

Seems her friends need to ask some other questions and not just take her answers for the truth. We can all read pamphlets, brochures and hear the spin doctors praise their program and ideologies but they only ever tell you what they want you to know...for now...and by the time they have you hooked - in contract - it is toooo late. Mormons are really good at this, targeting most people of low income, single parent families, lonely isolated people etc....scientology is really good at this, the way they get very vulnerable young people to go and sit some psychological tests only to give them the results that they really need counselling and so get them into a program...their program.... muslims do this really well too...pretend to be a friend, sing the praises of the koran, get you to go along to a few meetings, then gradually get you away from all you knew and into their clutches.

There are certainly enough vulnerable people in today's world who are distanced from and disenchanted with their families and communities, and with so many people with mental illnesses, drug and alcohol problems, then that leaves them wide open and vulnerable to these morons who sing the praises of our enemies. One good breeding ground is the prisons...yes it happens here in Oz as well.

I can only hope that the current trend of societal greed prevails and keeps people in regular banks earning a pittance in interest. However, on the other hand, with many people scraping the bottom of the financial barrel, they just might well be drawn to sharia finance to fund their home-loan etc, leaving them extra money to buy the expensive furniture etc......

Sharia Banking

I have been a bit puzzled the last day or so. I read in some- (can't remember)- tabloid/newspaper an article for a non-muslim sprouting her good news of sharia banking. I can't remember which paper it was because at times I have a slight problem retaining new info in my memory, unless I deal with it at that moment, or can repeat the process a couple of times, so please forgive me for not being able to cite any quotes, provide a link or the name of the paper or name of person.

I was quite alarmed at how rosy a picture she painted. Even though she was not earning interest on her money, she didn't care as long as her money was not invested in certain ventures like tobacco, alcohol, gambling, inhumane treatment of animals etc. She did however say that if she had a large amount of money then she would be tempted to put it into a bank that did pay interest....a bit hipocritical me thinks....either she wants to make sure her money is used for her stated purposes or not. People with lots of money sometimes will lose their morals!
I was aghast at the animals bit because the treatment of animals in the middle east is abhorrent. Especially the live export trade of sheep and cattle.
This young lady was surprised at the fact she could open an account at a sharia bank....you know, on account she is not a muslim(a).
I believe even though there is no interest paid, or taken on loans etc, that there is a once off fee of sorts, well they have to make profit somehow....
Now I just bet the banking execs are not about to tell where ALL of their investments will be, especially into training camps for more young up and coming jihadis.

My biggest fear here is that with this type of advertising then there will be a lot of people fooled into the same ideology of having their money invested into what they think is all above board businesses. Especially the lefties & greenies and all dems & labourites and all those who think that muslims really do want to be our friends, and people like me are just bigots. With all this talk about interfaith dialogue and multicultural love-ins etc. blah blah.
To me this is just one more kind of stealth jihad, tagiyyah, call it what you will. When they get more non-muslims putting their money into their banks and taking loans for houses etc, then the crunch will come. Miss just one payment and you are liable to lose a hand, after all, reneging on a loan is a form of theft.