There are some days when I almost regret starting up this little venture. This is one of those days. It’s a day when I am faced with such rank stupidity, such rank ignorance, such rank bigotry that I want to throw up my arms in disgust and walk away from it all. Then I realise that at the end of the day, it’s my fault; that I bring the torture on myself by visiting these sites, and it’s a lot cheaper than going to Mistress Moira for some “discipline” – if not as satisfying.
I think the problem was that today I didn’t pace myself. I was still busy digesting the story of the 17-year-old who’s lived off nothing but McNuggets and chips since she was 2, and “has never tasted fresh fruit or vegetables,” when I clicked onto WorldNutDaily.
I was expecting the usual “Obama’s gonna lose in court! Yay!” crap. I’d braced myself for more “Newt is the bestest evah!” But I hadn’t based myself for this screaming headline:
Judge: Spending $153 million on Shariah just fine
Wait… what? Needless to say, my curiosity was piqued. What judge would be endorsing Shariah law… and how on earth was so much money involved?
Turns out some of Joseph Farah’s partners-in-insane-bigotry are taking Treasury Secretary Timothy Geithner to court, because of the bailout given to the AIG insurance company. You see, it would appear that AIG’s investment arms offers its clients Sharia-compliant investments. Or as Farah puts it:
…AIG insurance, which operates multiple companies promoting Shariah-complaint insurance products, the same Shariah that serves as Islamic religious law and calls for cutting hands off thieves and execution for leaving Islam.
Wow. Just wow. So much hate and ignorance and moronic stupidity wrapped up in one sentence. Let’s ignore ALL the other aspects of Sharia and focus on the cutting off of hands and killing infidels. Now, I’m not saying that all Sharia law is good – much of it clearly isn’t. We’ve seen enough cases of girls being stoned to death for infidelity after being raped, honour killings, etc., etc., but this is typical wingnut fear-mongering bullshit – tarring everybody with the same brush.
These lunatics are going after the government, because they assisted a company, which amongst its many and varied products happens to have investments which are Sharia-compliant. I wonder what would have happened if AIG had been allowed to go down the tubes? But never mind that, what exactly are Sharia-complaint investments?
Simply put, Sharia prohibits the fixed or floating payment or acceptance of specific interest or fees for loans of money. This is usury, which is haram. Ironically, usury used to be outlawed by the Christian Church (indeed William Shakespeare’s father was fined for the crime of usury), until they found out how profitable it was. What this means is that investments held in cash, or bonds, which pay an interest return, are out of the question. Also out are any shares linked to alcohol, tobacco, gambling, porn and of course pork.
Now I’ve worked in the industry for many years and I myself have sold Sharia compliant funds to my Muslim clients. All of whom have been fantastic people and none of them – yet – have chopped off an arm, killed a relative, or flown a plane into a building. In fact, I have sold Sharia-compliant investments to several Christian investors, who wanted to ensure that their money wasn’t invested in “dirty” shares.
But if you’re a right-wing fuck-head like the people who write and read WND, then it’s easier to hate generally and come across as a complete moron, than isolate a few facts.
Then again “Government bails out insurer who happens to have a few Sharia-complaint funds” doesn’t have the same fear-mongering bullshit tone to it.
And they’re going to court over this? How stupid are these people and how much money do they have to waste?