Quote by Frank Gaffney

Sharia has become an increasingly significant force in American capitalism, thanks to the embrace by Wall Street and the U.S. government of so-called Sharia-Compliant Finance. Indeed, this country's taxpayers now own the largest purveyor of sharia-compliant insurance products in the world: AIG.

Sharia has become an increasingly significant force in Ameri

Summary

This quote suggests that Sharia-Compliant Finance, a financial system adhering to Islamic principles, has gained influence in American capitalism with the support of Wall Street and the U.S. government. It highlights that American International Group (AIG), now government-owned, is the largest provider of Sharia-compliant insurance globally. The quote implies that Sharia finance has become integrated into the American financial system through these endorsements, indicating its growing significance and impact on American capitalism.

Topics

Finance

By Frank Gaffney

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