web analytics
April 23, 2014 / 23 Nisan, 5774
At a Glance
News & Views
Sponsored Post
Spa 1.2 Combining Modern Living in Traditional Jerusalem

A unique and prestigious residential project in now being built in Mekor Haim Street in Jerusalem.



In First, London(istan) to Host World Islamic Economic Forum (Video)

The utter glee with which London's political leadership boast about their city being a mega-hub for Islamic finance would have been derided as racist parody had Melanie Phillips written it in her prescient book, "Londonistan."
London will host the World Islamic Economic Forum in October, 2013, the first WIEF to be held in a western country.

London will host the World Islamic Economic Forum in October, 2013, the first WIEF to be held in a non-Muslim country.

Share Button

Melanie Phillips, the brilliantly acerbic British commentator, published a book a few years ago titled, “Londonistan.”  Phillips was aghast at what she saw as the increasing Islamization of her home city, as well as its warm embrace by the British elites, and the short shrift given to the connection between Islamization and terrorism.  Her book was an effort to warn those who were not paying attention that the British character of London was changing.  It was not becoming more international, but instead simply more Islamist.  It was not a change she saw as positive.

Some critics claimed Phillips was being an alarmist, others tarred her with the very worst thing anyone can be called these days: a racist.

But it does appear that what would have been derided as racist parody had Phillips written it, the schoolgirl excitement exuded by London’s political leadership in expressing London’s global role as an Islamic finance hub prove Phillips’ warnings in spades.

On Wednesday, July 3, London’s Mayor Boris Johnson announced at a press conference in London’s City Hall that his city will be the first non-Muslim city to host the annual World Islamic Economic Forum.  It will be held in October, at London’s Excel Centre. Johnson was joined at the press conference by the prime minister of Malaysia, Dato Sri Mohd Najib Tun Abdul Razak (yes, all that is his name), WIEF Chairman Tun Musa Hitam, and England’s Minister for Trade and Investment Lord Stephen Green.

The WIEF has been previously held in Malaysia, Kazakhstan, Indonesia, Kuwait, and Pakistan.

“It is an immense honor that the World Islamic Economic Forum has chosen London for its first gathering outside of Asia, said London’s Mayor Johnson.  Hosting this conference will highlight London’s “status as a major center of Islamic finance and as a compelling destination for foreign investors.”

London and Partners, the British capital’s official promotional agency, worked hard to convince the WIEF to bring the 2013 event to London. Gordon Innes, the company’s chief executive officer, said that London “has a huge Muslim population” and emphasized that “London hosts the most significant Islamic finance cluster outside of Muslim countries.  London is really the only center in the west that has such depth and expertise  in this field.”

Innes said that Islamic finance is growing at “about the rate of 25 percent per year,” which makes it “the fasting growing part of London’s local finance.”

There are 22 Shariah compliant banks in London and Saudi Arabia is the second largest foreign investor in the UK after the US.

“Islamic finance” and “Shariah compliant banking” means that financial institutions are run in compliance with Islamic law.  Some aspects of Islamic finance do not seem threatening.  For example, in Shariah-compliant banking, lenders may not charge interest and investors cannot make money from forbidden industries like gambling, alcohol, pork and pornography.

But Islamic financing also  requires a form of “tithing” for charity, known as “zakat,” and only Muslim clerics are permitted to rule on where that money goes.  Some claim it may be used to finance terrorism (jihad) or to forcibly promote conversion to Islam.

London and Company’s Innes also cited the example of the Shard, London’s 72-story skyscraper and the tallest building in the European Union, which is largely financed and run by Qatar’s sovereign wealth fund.

“Kuwait is allocating 5 billion dollars to investments in the UK,” Innes said, “and a number of Islamic countries from the Gulf to East Asia to Turkey, etc. find tremendous opportunities in London in terms of growth and exports.”

The World Islamic Economic Forum will be held from October 29 – 31.

Here is Phillips, talking about England’s refusal to recognize that London has, in fact, become Londonistan.

Share Button

About the Author: Lori Lowenthal Marcus is the US correspondent for The Jewish Press. She is a recovered lawyer who previously practiced First Amendment law and taught in Philadelphia-area graduate and law schools.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

Leave a comment (Select your commenting platform)

4 Responses to “In First, London(istan) to Host World Islamic Economic Forum (Video)”

  1. the centre of islamic trend had been the gambling empire of racing hourses are owned and raised and the islamists are busy onverting many to muslim faith it is easy to do you say the calma the clap clap no other sharia things are used other than fear which control the new convert.

  2. Louis Gavin says:

    Melanie is great.

  3. Abraham Santiago says:

    Melanie is a champion and I hope people will listen to what she has to say.

  4. Steve Bell says:

    Two quick thoughts… firstly,, I may be partial, but I thought they did a heck of a great job singing the tune… I loved how he sustained the last note and carried it on powerfully, that was original, creative, and well executed. I can easily forgive the cell phone prompts. in fact that is quite professional.. even Bono from the band U2 during live performances uses a prompter on the floor in front of him to give him the lyrics to his own songs…

    Second thought.. The young men are either overeating, or not getting enough exercising, or studying Torah regularly has slowed their metabolisms… they need to loose weight or risk facing potentially serious health concerns.. Cane Ahora.

Comments are closed.

SocialTwist Tell-a-Friend

Loading Facebook Comments ...
Loading Disqus Comments ...
Current Top Story
Putin-Obama Meme 1
Egypt Signing Unprecedented $3 Billion MiG-35 Deal with Russia
Latest News Stories
MIG-35
 
MiG-35
30

The picture above is of a Russian MiG-35. It is Russia’s most advanced fighter jet. Reports say that Israel’s neighbors to the south will be getting 24 of them. In case you see one flying overhead, now you’ll know what it is.

A Holocaust memorial and the grave of the brother of the late Lubavitcher rebbe were vandalized in Ukraine, amid a string of anti-Semitic attacks in the country.

Bashar Assad will be running for president of Syria again…

Putin-Obama Meme 1

This massive Russian-Egyptian arms deal is a slap in the face for President Obama and his failed foreign policy.

It is no wonder that Marionville is ”the home of the white squirrels.” Black ones wouldn’t stand a chance, forget about Jewish ones.

Jordan’s foreign minister summoned the Israeli ambassador to protest what it called Israel’s “violations” on the Temple Mount. The Jordanian government told Ambassador Daniel Nevo that recent clashes between Muslim worshippers and Israeli soldiers on the Temple Mount a violation of the peace treaty between Israel and Jordan. The Temple Mount was closed to visitors […]

The chisel was found along with a gold bell that may have been on the clothes of the High Priest.

The IDF has announced it will begin to offer Israeli Christians the chance to enlist in Israel’s army.

A special unit in the Israeli army comprised solely of Bedouin trackers is keeping Israel’s northern border safe.

The United States has announced it possesses evidence the Syrian government is using chemical weapons against its own civilians.

At least ten rockets were fired by Gaza terrorists at Israeli civilian targets over the holiday.

Chabad.org interviews Nikolayev ‘s chief rabbi on the firebomb attack in the Ukraine. Here is an excerpt…

The US Supreme Court has agreed to examine the question as to whether or not an American citizen born in Jerusalem can have “Israel” listed on his (or her) passport as their country of birth.

No, not Mahna Mahna. Mimouna. Mimouna is a Moroccan celebration of Chametz that takes place right after Pesach ends (which it did tonight). It’s become very popular in Israel, especially among political leaders, as participating in a Mimouna makes you more part of the “Amcha” (the every-day folk). It’s estimated (according to Wikipedia, at least) […]

Carole Zabar, longtime supporter of BDS promoters, is now in a pickle – Zabar’s is a BDS target.

Rav Bina, the Rosh Yeshiva of Yeshivat Netiv Aryeh has sent the following letter out to alumni of the Yeshiva: Dear Alumni, This Wednesday one of my grandchildren will be undergoing crucial surgery to remove a cancerous tumor from his leg. I ask all of you to please recite tehillim for him during the surgery, […]

More Articles from Lori Lowenthal Marcus
BDS targets Zabar's; Carole Zabar promotes BDS proponents.

Carole Zabar, longtime supporter of BDS promoters, is now in a pickle – Zabar’s is a BDS target.

FBI Wanted poster for Osama bin Laden

Many Pakistanis consider bin Laden a “hero of Islam.”

In 1941, the Jews of Kiev received a similar leaflet. When they showed up the next day, more than 34,000 were murdered.

Teen stabbed in South Florida high school.

Ron Pundak was involved in many leftist “peace” initiatives. Pundak died on Friday.

Another failed anti-Israel Divestment measure. This one at Cornell University.

The US may pretend it was forced to give up Pollard, but it is US that most wants to continue talks.

Hirsi Ali’s critics wanted her silenced; Brandeis granted their wish.

    Latest Poll

    Now that Kerry's "Peace Talks" are apparently over, are you...?







    View Results

    Loading ... Loading ...

Printed from: http://www.jewishpress.com/news/in-first-londonistan-to-host-world-islamic-economic-forum-video/2013/07/04/

Scan this QR code to visit this page online: