<http://creepingsharia.wordpress.com/author/creeping/> 


 
<http://creepingsharia.wordpress.com/2011/06/03/irelands-tax-laws-and-financial-regs-now-sharia-compliant/>
 Ireland's tax laws and financial regs now sharia compliant 


 <http://creepingsharia.wordpress.com/author/creeping/> creeping | June 3, 2011 
at 8:35 AM | Tags:  <http://creepingsharia.wordpress.com/?tag=creeping-sharia> 
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<http://wp.me/pbU4v-8Jy> http://wp.me/pbU4v-8Jy 

Islam means submission, and Ireland is submitting it's people as fast as it 
can. First it was Islamic blasphemy laws in Ireland, now sharia compliant tax 
laws and financial regulations. And that seems to be just the beginning. But 
it's the end of Ireland as we know it. via Ireland aims to be home of [...]


Ireland’s tax laws and financial regs now sharia 
<http://creepingsharia.wordpress.com/2011/06/03/irelands-tax-laws-and-financial-regs-now-sharia-compliant/>
  compliant


Posted on June 3, 2011 by creeping 

Islam means submission, and Ireland is submitting it’s people as fast as it 
can. First it was Islamic  
<http://creepingsharia.wordpress.com/2009/07/14/criticizing-islam-now-a-crime-in-ireland/>
 blasphemy laws in Ireland, now sharia compliant tax laws and financial 
regulations. And that seems to be just the beginning. But it’s the end of 
Ireland as we know it. via Ireland aims to be home of Islamic finance in Europe 
| Business | The Guardian 
<http://www.guardian.co.uk/business/2011/jun/02/ireland-islamic-finance> .

Ireland has launched a bid to become the home of Islamic finance in Europe as 
it seeks to rebuild its once dominant financial services sector.

The taoiseach, Enda Kenny, who was swept to power on a wave of public anger at 
the taxpayers’ €70bn (£62bn) bailout of failed banks, told the Irish Funds 
Industry Association (IFIA) that he was doing everything he could to “ensure” 
Dublin became “a centre of excellence for Islamic finances”.

Irish tax laws and financial regulations are now sharia-compliant, he said, and 
the government had recently signed double-taxation agreements with Saudi 
Arabia, Bahrain, Kuwait and the United Arab Emirates.

“There is first-mover advantage. If they [Islamic institutions] feel 
comfortable in a particular jurisdiction and you develop a cluster, more will 
follow,” said Ken Owens, chairman of the IFIA. He said there was currently “a 
scramble” for Islamic business internationally and Ireland is just behind the 
UK in terms of adjusting its laws to be sharia-compliant.

Sharia law prohibits the payment of interest on loans or overdrafts, or the 
receipt of interest, and also prevents investment in certain categories 
including defence, adult entertainment and gambling.

“Their investment universe is quite limited. Islamic funds want to own the ship 
or the building, not a share in it. They want to own things outright because 
they can’t pay interest. They want commmodities, infrastructure, manufacturing, 
property,” said Owens.

On the mortgage market, institutions buy the house or the commercial real 
estate; the buyer then pays rent instead of interest.

Owens said Irish and UK financial institutions, which were devastated by the 
financial crisis, saw opportunities worth billions in Islamic finance, either 
seeking to get a toehold in Islamic countries or attract Islamic institutions 
to Dublin.

Legitimizing and financing the jihad. Sharia 4 Ireland must be ecstatic.

Can’t say we didn’t warn ya:

*       Sharia and Jihad, Creeping in 
<http://creepingsharia.wordpress.com/2011/06/03/2010/02/28/sharia-and-jihad-creeping-in-ireland/>
  Ireland 
*       Ireland: Islamists ‘Sharia law’ website a big 
<http://creepingsharia.wordpress.com/2011/06/03/2010/03/08/ireland-islamists-sharia-law-website-a-big-hit/>
  hit 
*       MPAC Ireland: Promoting jihad, sharia, and protecting Muslim kids from 
kuffars 
<http://creepingsharia.wordpress.com/2011/06/03/2009/12/18/mpac-ireland-promoting-jihad-sharia-and-protecting-muslim-kids-from-kuffars-video/>
  (video) 
*       Two Gitmo terror suspects to be released in 
<http://creepingsharia.wordpress.com/2011/06/03/2009/07/30/two-gitmo-terror-suspects-to-be-released-in-ireland/>
  Ireland 
*       US embassy in Ireland to host Obama’s Muslim entrepreneur 
<http://creepingsharia.wordpress.com/2011/06/03/2010/04/27/us-embassy-in-ireland-to-host-obamas-muslim-entrepreneur-summit/>
  summit 

 

 



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