June 12, 2013, - 3:32 pm

US Court Approves Sharia Bankruptcy Plan – No Separation of Mosque & State

By Debbie Schlussel

Longtime readers of this site know that I’ve been on the case of Arcapita, formerly known as First Islamic Investment Bank, for over a decade. Last year, when the company–owned by Jew-hating Gulf State sheiks (including the family that owns Al-Jazeera, the Qatari royal family)–filed for bankruptcy, I cheered. But my jaw dropped when I learned that the company had the gall to submit a sharia-compliant bankruptcy plan. That’ll never fly, I thought, because it’s unconstitutional. But I was wrong. As I’ve noted many times before, there truly is no Establishment Clause for Muslims in America or separation between mosque and state. These things apparently only apply to Christians and Jews. Yesterday, federal Judge Sean Lane of the U.S. Bankruptcy Court in Manhattan, gushing how “fascinating” he found sharia, approved the sharia bankruptcy. Disgusting. It’s just the latest instance in which a U.S. Court recognizes Islamic law. Look for more and more of that. When an American bankruptcy court recognizes Islamic law, it opens the door for other American courts and institutions to recognize Islamic law.

seanlanesharia

Judge Sean Lane “Fascinated” By Sharia Bankruptcy, Which He Granted/Approved

arcapitaatifabdulmalikarcapita

Arcapita CEO Atif Abdulmalik Gets Dhimmi Judge to Grant His Company Sharia Bankruptcy

In 2002, Arcapita, the former owner of Caribou Coffee, appointed Muslim Brotherhood cleric and America-hating, Jew-hating scumbag Yusuf Al-Qaradawi as one of its top executives, to make sure that all of its products and services–at Caribou and its other businesses–were sharia-complaint. When I exposed this in a 2002 New York Post column (a longer version of which appears here) and appearances on FOX News’ “O’Reilly Factor” and MSNBC’s “Hardball with Chris Matthews,” the bank claimed to fire Qaradawi, but it didn’t matter. Caribou (which is now owned by a German company, which is closing or renaming most Caribou stores) had its worst sales quarter ever, and the bank fired its then-CEO, replacing him with a far-left Jewish yes-man who flashed his Jewish credentials to try to get people to patronize Caribou. A few years ago, a friend of mine repeated my work in a newsletter he sent out to the Jewish community and found himself on the receiving end of lawsuit threats from Arcapita. I represented my friend and told Arcapita’s retained Jewish lawyer that we would be looking forward to deposing the sheik shareholders who own Arcapita and looking over their finances, including donations to Islamic terrorists. That shut them up.

You should note that, per usual, the extremist Arcapita–whose board members and shareholders included a cleric with ties to Al-Qaeda and a sheikh who apparently donated money to a Palestinian terrorist telethon–had a Jewish lawyer in the bankruptcy. Yup, they hate the Jews, but they always hire them as legal counsel. Clearly, lawyer Michael Rosenthal of Gibson, Dunn & Crutcher law firm wasn’t bothered by the fact that Arcapita’s hand-picked exec, Qaradawi, urged Muslims to give up their dowries and instead spend the money to fund Palestinian homicide bombers and spill “Zionist blood” or that he urged Muslims to blow up U.S. soldiers in Iraq as a religious duty.

More:

Bahrain investment firm Arcapita Bank received approval from a U.S. Bankruptcy Court on Tuesday for its plan to repay creditors, thought to be the first that is compliant with sharia, Islamic law. “I’m happy to confirm the plan,” said Judge Sean Lane of the U.S. Bankruptcy Court in Manhattan. “This has been a fascinating case for me.”






Under the plan of reorganization, Arcapita will repay its only secured creditor, Standard Chartered Plc, in full. Arcapita will transfer its assets to a new holding company which will dispose of its investments over time, in an attempt to avoid a firesale liquidation.

The company’s unsecured creditors will receive the equity in the new holding company as well as their pro rata share in a sharia-compliant loan. General unsecured creditors are expected to receive around 7.7 percent of the $1.9 billion they are owed, according to court documents. The largest unsecured creditor is the Central Bank of Bahrain, which was owed $255.1 million.

The company provided alternative investment opportunities for rich families, institutions and sovereign wealth funds in the Gulf region, but sought bankruptcy last year as a $1.1 billion loan came due. The fund’s investment were sharia-compliant, as is the $350 million loan that Arcapita arranged to fund its wind-down operations after its exits bankruptcy.

Sharia prohibits borrowing money with interest. Instead, the so-called murabahah structure effectively treats the arrangement as a sale, incorporating a profit margin and fees instead of interest.

Arcapita filed for bankruptcy protection in March 2012 with about $7.4 billion in assets under management. . . . Arcapita was represented by Michael Rosenthal of Gibson, Dunn & Crutcher. The case is In Re: Arcapita Bank BSC et al, U.S. Bankruptcy Court, Southern District of New York, No. 12-11076.

Say good-bye, America. Today, Manhattan’s U.S. Bankruptcy Court submits to sharia. Tomorrow, it will be your town.

Exit Question: Do you think a U.S. federal bankruptcy court would approve a Christianity-compliant or Jewish-compliant bankruptcy plan (whatever that might be)? Think again.

Related Posts with Thumbnails
Print Friendly



Tags: , , , , , ,

56 Responses

Who appointed Judge Numbnuts?

Incidentally, borrow money from a middle eastern bank or wealthy sheik, and see if you can get away without paying interest. You will be hauled into court faster than you can say Allah Akbar.

JEG:

Bankruptcy Judges are generally not appointed by the Prez.

The U.S. Court of Appeals for the Second Circuit, which is responsible for appointing bankruptcy judges within the circuit, announced its selection of Lane on Friday, saying he will be sworn in during a private ceremony Sept. 7.

http://www.law360.com/articles/190003/federal-atty-wins-appointment-to-bankruptcy-bench

DS

Jonathan E. Grnat on June 12, 2013 at 3:38 pm

    That means more quietitude, dude, the attitude adopted by not just the banks, er-ah The Federal Reserve(d) Federation.

    It will all work out.

    Let’s face it. When someone asks anyone with a mortgage if they “own” their home, the reply is, “Yes.”

    But unless paid and a Title is issued to the debtor, the mirage is really quite clear to see.

    Seasunned on July 5, 2013 at 5:49 pm

The dishonorable Judge Lane, our latest figure of authority to stick his neck out…to be collared with the Islamic choke chain.

His weak-kneed ilk is so easily seen through. Pity they don’t recognize their actions for the shame they are; not to mention the hastening of our slide down the slippery slope.

lee of the lower case "l" on June 12, 2013 at 3:50 pm

Debbie you mentioned Caribou is now owned by a German company. Is it OK to go there now?

IAM: Yes, it is now okay, and I’ve been meaning to post about this. Thanks for asking. DS

I_AM_ME on June 12, 2013 at 4:02 pm

    Interesting. Good to know.

    samurai on June 12, 2013 at 4:55 pm

They’re laughing all the way to the bank!

They don’t have to repay their creditors with interest on their debt, conveniently forbidden by Muslim law.

In effect, a dhimmi federal judge allowed Arcapita to stiff its creditors of their justly owed compensation. It only has to repay the principal – how generous!

Us Christian and Jewish dhimmis would never be allowed to get away with this! More special treatment for Muslims in our courts.

Ka-ching! Let’s hear it for Sharia in America – as in “Separate But Equal Treatment.” (Muslims are equal with all others.)

NormanF on June 12, 2013 at 4:05 pm

Debbie I think you meant –

“Yup, they hate the Jews, but they always hire them as legal counsel. Clearly, lawyer Michael Rosenthal of Gibson, Dunn & Crutcher law firm didn’t really let the fact that Arcapita’s hand-picked exec, Qaradawi, urged Muslims to give up their dowries and instead spend the money to fund Palestinian homicide bombers and spill “Zionist blood” or that he urged Muslims to blow up U.S. soldiers in Iraq as a religious duty – get in the way of his playing the dhimmi front Jew to Muslim Jew-haters.”

NormanF on June 12, 2013 at 4:11 pm

This is very disgusting. The water (in the toad pot) is getting warmer and warmer. It’s making me sick! (Like that radio host says…”The stench on the bench is making me clench”….that just popped into my mind.)

Skunky on June 12, 2013 at 4:21 pm

    skunky=foul

    wash your smelly vag you funky hoe

    AR on June 12, 2013 at 8:37 pm

      Again, the unlearned “AR” displays a poorly formed character, . . .

      PhillipGaley on June 13, 2013 at 9:18 am

        Phillip, I don’t know if you know about the back story on AR (Anal Retentive) but we now know he is really a banned cha-cha-chimpanzee (SM) who as acted the same way in the past. DS has banned him for that and abuse towards her and her readers.

        Can explain more at your request. That’s just the cliffs notes version of the back story. You are correct in your thinking and I just ignore him. He’s boring and a creep.

        Skunky on June 13, 2013 at 4:40 pm

    Skunky, it is just another sign that Muslims are rapidly becoming a preferred class in the United States.

    Worry01 on June 13, 2013 at 4:57 am

“Judge Sean Lane of the U.S. Bankruptcy Court in Manhattan, gushing how “fascinating” he found sharia”

Creepy.

Oh, and it’s not all bad. Maybe some day Arcapita could benefit dhimmi customers with no-interest, sharia loans. Their slogan could be:

“Come to Arcapita for EZ loans and low, low rates!

(begin jingle melody in background: singing)

But miss a payment and ArCAPITA will deCAPITAte ya!”

DS_ROCKS! on June 12, 2013 at 4:27 pm

“Instead, the so-called murabahah structure effectively treats the arrangement as a sale, incorporating a profit margin and fees instead of interest.”

This is another way of paying interest by calling it a “profit margin and fees.” Even then the interest is not as much as it would be in a straightforward financial arrangement! It should be noted Muslim law does not recognize artificial persons (like corporations) as a legal concept and that along with prohibition on common-sense economic elements like accounting and book-keeping, explain why Muslim national economies are the most backwards on the planet. Someone should want to care why we should be fascinated by them and cater to their 7th Century lifestyle.

NormanF on June 12, 2013 at 4:29 pm

Debbie –

Re your exit question – both Judaism and Christianity originally forbade interest. This is what Islam ripped-off from them. Unlike Islam, Judaism and Christianity effectively repealed the prohibition because there is NO practical way to fund a modern market economy if banks could not make a profit on the loans they made to businesses and individuals. That changed the Western World. NO – neither Jews nor Christians will ever ask for special treatment in bankruptcy court proceedings. Instead of forcing Muslims to grow up and operate in the 21st Century, we still cater to their medieval mindset. But we’re so afraid of offending them that asking them to abide by our laws is just too stringent! And that’s the problem.

NF: I’ve previously noted that Judaism forbids Jews from charging or paying interest to other Jews. (I was not aware this was the case with Christianity at any time.) And as I also noted, Islam ripped this idea off for its religion. I also mentioned that Jews adjusted to modernity and we all pay loans with interest. That’s how it works in the modern world. Islam and Muslims pretend they don’t live in that world, and sadly, we accommodate them. DS

NormanF on June 12, 2013 at 4:39 pm

    Debbie – in the Middle ages, Church canon law forbade Christians from either charging or collecting interest. There was no prohibition on Jews offering interest loans and that’s why Jews played an important role in medieval Europe in keeping the economy afloat. That was later changed and Europe became the center of world by the 1500s. Christianity as well Judaism modernized and adjusted to living in a changed world. Islam hasn’t and that’s why it has serious problems with living in a complex world. Apparently, it easier to destroy than to create and that’s why our values are not readily transferable to Muslim cultures. They can’t compete with us and they’re falling further behind even with all the special treatment they receive.

    NormanF on June 12, 2013 at 6:03 pm

    To DS: “its religion”?

    Although Opal Whitely let on that, she was an Eastern Princess—and, many were deceived—did her posturing make her an Eastern princess? Of course, not; rather, the image which she put forth, was of mere invention and fabrication. Truly known, she was simply the fabulous Opal Whitely, . . .

    It appears as logical to concur with those who say that, for the dismal approach which Moslems have toward death (at that moment after, the practicing Moslem accepts that, at that moment he must beg a lifetime of forgiveness of the allah persona, never knowing beforehand what sin or caprice might be controlling for Allah), by what appearance of logic is Islam a religion of faith?

    Then, upon the fact that, Islam is not composed of beliefs which yield to inquiry, or can be individually applicable, but exists in a system of enforced patterns of behavior, or, for senseless violence against even their own women, throwing acid on their faces stands as one common example, or for their children, pushing them into suicide vests, or, as with the Moslem ideal of the 72 virgins and the silly reasons given for women girls to go about in coverings, or to undergo FGM, in their degrading and institutionalized sensuality—and much more of weak thought and motive—I would marvel to know the name for the logic in which the inferential predicate in the negative that, Islam is not a criminal ideology—invented by bad men, and for the utility of bad men—and is to be reasoned about as though it were a religion, . . .

    PhillipGaley on June 13, 2013 at 9:33 am

What does this mean? What are the implications? Are they getting bailed out with public money? Getting some kind of benefit frm the gov? Why is this bad?

SD on June 12, 2013 at 4:56 pm

This story stinks and sucks to high heaven, question, why did this judge, Sean Lane in New York, NY approved of this sharia-compliant BS of this individual being bankrupted? My assumption is and even though I can’t prove it is that Mr. Lane was probably bribed with arab interest money from CAIR, and other arab and muslim lobbying groups in this country to make this issue “sharia-compliant” in this case.

My question is, where are the atheists and secular-humanists groups such as the “American Humanists Association” and others calling out this judge for approving this rubbish?

This is clearly a violation of the Establishment Clause within our 1st Amendment, and the Establishment Clause is apart of “Seperation of Church and State”, that means that the government should NOT favor a religion or religious groups of people over another in this country, and that’s what this judge did, if he were smart (I highly doubt) he would’ve said NO way to this sharia-compliant nonsense, and tell the CEO that he has to accommodate to US laws when you’ve filed for bankruptcy within your company/organization!

“A nation is defined by its borders, language & culture!”

Sean R. on June 12, 2013 at 5:02 pm

    Sean R.:” Lane was probably bribed with arab interest money”

    Naw. That’s the neat thing about minority status (or more appropriately, “white guilt status”) – they don’t need to bribe the judge – merely the specter of possible being charged as “racist”, like anyone else in politics, government or business knows, can end a career or permanently taint a reputation.

    He had no P.C. choice, really. This is the world that the baby-boomers (read: former ’60s hippies) built.

    DS_ROCKS! on June 12, 2013 at 5:25 pm

Since … “General unsecured creditors are expected to receive around 7.7 percent of the $1.9 billion they are owed, according to court documents. The largest unsecured creditor is the Central Bank of Bahrain, which was owed $255.1 million” … and “The company provided alternative investment opportunities for rich families, institutions and sovereign wealth funds in the Gulf region, but sought bankruptcy last year as a $1.1 billion loan came due.” … it sounds like Arabs shafted Arabs???

Dale Zalaoras on June 12, 2013 at 6:23 pm

    Dale –

    A bank dumb enough to lend a client $255 million without securing collateral to guarantee repayment to them doesn’t stand to make back on the loan.

    That’s apparently poor financial planning on the part of the Central Bank Of Bahrain. To see them get shafted in Sharia bankruptcy proceedings ah – is icing on the proverbial cake and its richly deserved – not that I care for the distress of the Jew-hating sheikhs who run the bank!

    NormanF on June 12, 2013 at 6:30 pm

A private company making concessions for a group of people is one thing. That is a matter of business. This is a horrible precedent.

Religion or their tribal voodoo is not part of Common law procedure.
Sad day..

sanjay on June 12, 2013 at 6:36 pm

What a tool that judge is! It will get overturned.

Cochise on June 12, 2013 at 7:12 pm

Silly article replete with inflammatory misinformation….first of all, “shariah” is actually “judiac-mosaic” derived, as are ALL of our laws in this nation. So when you whine about sharia, you are actually beating yourself into a senseless frenzy, we are already under sharia law, we’ve been under it. We make concessions to Jews by lighting menorahs at the statehouse in many states, we light Christmas trees for Christians in many statehouses and the list goes on…..the point being this is a NON STORY, I believe… and at least these fellas are trying to “pay back what they owe.” Cant say that for most businesses who file…….take a chill pill Deb, and get off the bigot bus.

ihatepunks on June 12, 2013 at 8:27 pm

    ihatepunks: Your liberal regurgitations won’t make you a darling of the muslims; they’ll behead you, too.

    DS_ROCKS! on June 13, 2013 at 2:14 am

    Well, sure, if you took Jewish Law or Christian doctrine, then eliminated the elements that make laws regarding the treatment of one’s fellow man supreme above the laws between man and God, then took out all the elements that resulted in “eye-for-an-eye” being applied in the financial sense, then added the requirements to kill, rather than love and respect, those who rejected or criticized your beliefs, then added an obligation to destroy anyone who dared to criticize or offend a fake prophet or his followers, and then added a requirement to conquer the world and force your own religion’s laws upon everyone at the point of a sword, well, yeah, I guess Islam is just like Judaism and Christianity. Epic fail, ihatepunks.

    phillip slepian on June 14, 2013 at 9:21 am

It is NOT the U.S. Court. It is Satan’s court !

Nam Marine on June 12, 2013 at 8:34 pm

They are setting dangerous precedence by doing this. The Arabs are slowly chipping away at American law and one day, the suckers that pander to the Islamists will wake up and wonder where the country has gone. They will stop at nothing to whore themselves for the people that have oil.

At the SF airport, the lowly cab drivers threatened to sue if the city did not build a place for the Muslims to wash their feet. The government spent millions to erect a very special place just for the cabbies. I am no expert in constitutional law, but if Christians wanted a church built, wouldn’t all of the SF communists foam at the mouth and spew out something like “Separation of church and state” and file motion after motion in federal court to get injunctions to halt construction?

AR on June 12, 2013 at 8:48 pm

Damn! Yet another dolt of a judge who has no concept of what Islam is all about. Sharia sounds “fascinating?” Sure it does, idiot, until you have to submit your entire existence to living under such a “code.” Keep up the good work, there, Your “Honor,” you’re aiding and abetting the takeover of our country by radical fascists who will, one day, remove your head and stick it on a pike for all to see (at least until it rots away to skull; then, they might take it down). Moron!

jc15 on June 12, 2013 at 10:28 pm

Fuck does Judge Sean “Wrong” Lane think he is, Mr. Spock??? He finds it fascinating? How many times did Leonard Nimoy use the word fascinating on that show? FASCINATING??!?!?!?!!! People like Judge Sean “Penny Ante” Lane are two things. One of them is why I’m SO glad I only spend four months a year in that truly God forsaken hell hole. The other is why I CRINGE every time I HAVE to go back there, for work, chiropractic care and visiting friends.

As an aside to Cochise, I’m not one of the trolls, shitheads or know it all oracles on this web site, so please don’t think I’m being contentious for frivolity’s sake. I would love nothing more than to affirm your point. BUT, I’m from Noo Yawk, and that’s the problem, it’s not Noo Yawk anymore. It will NOT be overturned in NYC.

I’m sure there are Muslims and their Jewish intellectual liberal friends having rooftop parties on the Upper West Side RIGHT NOW, swiping up hummus on crackers and cheering this verdict. There’s a lot of famous Hollywood types who live up there as well, probably throwing those rooftop parties. Never mind that I love hummus.

As for whether it can be overturned anywhere else, . . .

well, the Temptations had a song a long time ago called Take A Look Around. You tell me. WHERE? I’d love to think you’re correct, but Debbie, I and many others who have been saying so for many years are correct. It’s over, and the reason verdicts like this are handed down in the first place, is because they can’t be turned over. America’s done, finished, kaput, or as that old Eagles song says, . . .

Already Gone.

I’ve spoken of The Cultural Pancake Flip of 1964-1969 many times, here and over the past couple decades, including on the internet. This is just the latest evidence of that flip, and why America is over.

Alfredo from Puerto Rico on June 13, 2013 at 12:56 am

    Alfedo: “BUT, I’m from Noo Yawk, and that’s the problem, it’s not Noo Yawk anymore.”

    How true. I’m not from, but when I was a kid, I used to ride the train up there from Philly all the time to visit relatives. I remember riding the “express” elevators at the WTC back in the mid ’70s and that’s what I find the saddest: that the collective mindset of Americans are forgetting all about 9/11 and what an abomination it was and how what muslims are doing now is just insult to injury.

    When I see the twin towers in Kojak reruns or movies, it just seems surreal that they’re gone along with 3K + people because of muslims.

    DS_ROCKS! on June 13, 2013 at 2:21 am

@AR = Anal Retentive
Have you stopped ogling Howard Stern’s balls yet?

Zareus on June 13, 2013 at 3:12 am

    FZ, I like “Anal Retentive”. It describes him and his anal fixations. I always thought “Always Retarded” but your nick-name for the wanker is way better! :D

    And like a cha-cha-chimapanzee (because the anal retentive retard is also the banned monkey…shucks, I thought I had a posse of haters but now it looks like I have only uber retarded one!) he is obsessed with playing with his own testicles, compulsively.

    It’s NOT a date when the only one touching the monkey’s privates are his own hairy, ham hands! :P

    Skunky on June 13, 2013 at 8:51 am

Debs,
“That’ll never fly, I thought, because it’s unconstitutional. ”

Yes, hello… hello… Do you think this is the 1950s?
Why do you think the Obama administration has characterized the constitution as a document drafted to protect the interests of a few crusty old slave owning white men.

“Bankruptcy Judges are generally not appointed by the Prez.”
Yes of course Obama doesn’t personally appoint every Judge. He doesn’t even need to.
Tt wouldn’t matter if he did because he’s just doing what he’s supposed to do. Right, Debs?

“I’ve previously noted that Judaism forbids Jews from charging or paying interest to other Jews. (I was not aware this was the case with Christianity at any time.)”

Hello… hello… Earth to Debs. Ever read the Merchant of Venice?
There’s a reason only Jews were allowed to practice usury in medieval Europe.

Zareus on June 13, 2013 at 3:35 am

    You are not quite correct on the usury laws in Judaism, Zareus. Jews are forbidden to charge interest on money lent to someone who needs that money to live; for food, clothing, and shelter. When someone who is not in dire need of money to subsist desires to borrow money for a business expansion, or a nicer home, the laws are more complicated, and do in some circumstances permit lending with interest. The aim of the law was to enable a poor person to eventually become self-sufficient without relying on charity or loans for survival.

    phillip slepian on June 13, 2013 at 3:26 pm

Ahhhh DS_ROCKS!, you from Philly, ehhh? I wondered why so many of your posts struck a chord. We Noo Yawkers and Philly people, which includes people from areas surrounding Philly, have always enjoyed a kinship. We LOVED Philadelphia Soul music, Smokin’ Joe Frazier, the 76’ers, the Phillies, etc. And we always got and still get along well with people from Philly and that area. Many Noo Yawkers always had Philly friends and family they regularly visited or hosted, via bus trips. Despite being a much smaller city, there is something about the flavor and character of Philly people of all sizes, shapes and colors that has always appealed to us Noo Yawkers.

And yes, it is indeed surreal, what you said about the Twin Towers, and how NYC has changed. As a matter of fact, a few years ago, there was a news story about how people in NYC don’t even say Noo Yawk anymore, because there’s hardly anyone left that has that type of accent. Indeed, NYC has been populated by so many who did NOT grow up there, that a lot more than the New York accent has changed.

The whole culture has changed, and in many ways, those changes have not been good. What has been extremely disturbing to me however, is how so many people who DID grow up there have become the type of folks you described as having totally forgotten about 911 and become so divided socially and politically. NYC always swung Democrat, but the turning point came when 2,245 reported murders occurred in 1990. A lot of people got hip to something I have always noted, that when you are ruled by Democrats, besides the governments nose up your ass, high crime and high taxes rules the day. Unfortunately, that’s all been ignored and forgotten, in this age of Demmicans and Republicrats.

When it comes to Philly, if you say the home of The Liberty Bell to today’s New Yorkers, they have no idea what you’re talking about, let alone that one of the unique features is that the bell is cracked. I’m talking about people born on or after January 1, 1960. They and their descendants are the ones who grew up after The Cultural Pancake Flip, and paved the way for this truly ridiculous story of an upside down America that Debbie posted here.

Alfredo from Puerto Rico on June 13, 2013 at 12:51 pm

    Alfredo: interesting take on your experiences. I actually came out to Cali in ’79 in the Army and when I got out, I stayed. Still go back to east coast regularly, though.

    The only I can safely say where Philly has NYC beat is cheesesteaks and soft pretzels. Everything else, no contest.

    DS_ROCKS! on June 13, 2013 at 8:04 pm

This Judge needs to be removed from the Bench Mam.

G. R. Scharoubim on June 13, 2013 at 2:51 pm

Of course I am appalled at this, but I have a question for Debbie: If a sharia-compliant, or halachic-compliant, etc., settlement does not conflict with U.S. banckruptcy laws, is there really a problem? It would be helpful if you could explain to us non-lawyers where the sharia backruptcy laws and U.S. backruptcy laws conflict. Thanks!

phillip slepian on June 13, 2013 at 3:22 pm

Reminds me of a German judge (woman!), who denied a muslim woman a fast divorce procedure, because it was ALLOWED FOR MUSLIM MEN TO BEAT THEIR WIVES (plural)

Herman on June 13, 2013 at 5:36 pm

BTW your exit question was a statement. No need for an answer that we all know.

Why aren’t those incompetent judges not fired?!
Not only incompetent, but traitors to the law and their country!

Maybe he should emigrate to a sharia country…. see how ‘fascinating’ that would be!

Herman on June 13, 2013 at 5:40 pm

@phillip slepian
Hi, Philip I didn’t really say anything about the he usury laws in Judaism. I’m only really stating that in medieval Europe usury was forbidden for many Christians. Jews filled the void because they were blocked from entering many other professions.

Zareus on June 14, 2013 at 3:27 am

@philip
The problem with the law you mentioned is that although it is well intentioned the only people inclined to lend money would be dedicated philanthropists.
This is the problem in practical terms.
Anybody who lends money to poor can at best break even or lose in the transaction.
So whether this law would actually help the people in that situation I don’t know.

Zareus on June 14, 2013 at 3:35 am

    Zareus – Sorry if I misunderstood the thrust of your post. In Jewish law, the lender of money to the poor, with no interest, does have some legal recourse for recovery if the borrower does not repay. In fact, indentured servitude was one way for lenders to recover unpaid loans. The servitude was limited and highly regulated. Obviously, if the poor person has no ability to repay a free loan (in the case of a disabled person, for example), he would be more appropriately served by charitable donations. But, in an effort to “teach a man to fish”, these free loans were intended to allow a poor person to move towards self-sufficiency, in which case the loan could be expected to be repaid.

    phillip slepian on June 14, 2013 at 9:33 am

U.S. collapses. from the courts which adopt the Sharia law, we can already hear the collapse of the democratic structure of American society.
The Americans can be brave and right, but, if their president serves the Saudis and not the U.S. everything can be lost.
Look what’s happening inside the United States. Churches become mosques, universities are becoming bastions of Islamic terrorist organizations through the mony which the Saudis are pumping, and anyone who goes against all those, pursued by the Obama administration.
U.S. may fight against terrorism outside the U.S. without realizing that those terrorist groups increasingly are taking over the United States from within.
Please note that during the Obama administration’s U.S. is no longer the same U.S. that was before the Obama administration. Check out the freedom of speech, freedom of creativity, freedom of movement, freedom of information and political persecution that arose on the daily agenda. And this is just the beginning.

Yona Levy Grosman on June 15, 2013 at 5:06 pm

US banks don’t practice Sharia Law. If they did, Abdumalik (Lik)
would have been required to “put up collateral” for any default in repayment.
In Sharia Law, there is also no bankruptcy, which is a “no brainer”.
So, if there is no bankruptcy, then no one followed the Law.
Only the portions that would benefit the Petitioner.

And THAT tends to be what Laws are for.
Kinda like the Bible, Torah, Qu’ran, The US Constitution, and so on.

Seasunned on July 5, 2013 at 5:42 pm

your blatant disregard for ones religious beliefs is mind boggling. what is the issue if the state recognizes an islamic ideal? that is like saying christmas should not be a public holiday throughout the nation because that is a religious holiday only meaningful to christians. you seem to be one ignorant person and i would actually hate to see someone defame your beliefs in such a slanderous fashion. thats unhealthy and promotes HATE. review your morals and ethics.

sickened at this article on July 20, 2013 at 5:33 pm

Leave a Reply

* denotes required field