The Treasury Department has collaborated with Harvard University's Islamic Finance Project to coordinate the event.
Some speakers include Assistant Secretary of the Treasury Neel Kashkari, senior adviser to Treasury Secretary Henry Paulson, Jr.; Harvard Business School professor Samuel Hayes; Mahmoud El-Gamal, chair of Islamic economics, finance and management at Rice University and Islamic finance adviser to the Treasury Department; Sarah Bell of the Federal Reserve Bank of New York; Yusuf Talal DeLorenzo, Shariah adviser and Islamic scholar; Michael McMillan, chair of the Islamic Legal Forum at the American Bar Association and professor of Islamic finance; and Rushdi Siddiqui, global director for the Dow Jones Islamic Market Indexes and vigorous advocate for Islamic finance.
Islamic finance is a system of banking consistent with the principles of Shariah, or Islamic law.
Islamic finance has reached $800 billion by mid-2007 and growing at more than 15 percent each year. Wall Street now features an Islamic mutual fund and an Islamic index. Oddly of course, though, the U.S. may be the first country that funds anti-American terrorists who are often financially supported through U.S. investments; the U.S. funds its own enemy.
In financial Jihad, America is losing the financial war on terror because Wall Street embraces a subversive enemy ideology on one hand and providing government and corporate life support to state sponsors of terrorism as well. Islamic finance, or "Shariah-Compliant Finance," is a "modern-day Trojan horse" infiltrating the U.S. Shariah is a repressive doctrine that regulates every aspect of life for Muslims, and has already been proposed in Britain, ultimately, it could change American life and laws. The three nations that rule 100% by Shariah law, Iran, Saudi Arabia, and Sudan, are among the most horrific human rights abusers in the world.
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