Sharia banking and links to international terrorism.

The CNN report below is no shock to us. HSBC is a leader in promoting sharia-compliant financial instruments. Such instruments, if truly sharia-compliant, require a percentage of their profits to be given as zakat to Muslim charities. Given how many Muslim charities in the past ten years have been linked to terrorism-financing, it is a virtual certainty that some portion of those zakat funds are ending up in the hands of terrorists.


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