Jihad Economics and Islamic Banking

Dr. Rachel Ehrenfeld
02 Aug 2008
By Dr. Rachel Ehrenfeld and Alyssa A. Lappen

[From Armed Groups: Studies in National Security, Counterterrorism, and Counterinsurgency; Edited by Jeff rey Norwitz; U.S. Naval War College , June 2008, chapter 28.]
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The United States and the West cannot win the war against radical Islam merely with the most sophisticated military strategies. Winning requires understanding the role of shari'a and the Muslim Brotherhood in developing a global ideological and political movement supported by a parallel "Islamic" financial system to exploit and undermine Western economies and markets.
This movement is the foundation and the major funding source for the political, economic, and military initiatives of the global Islamic movement.1

Shari'a finance is a new weapon in the arsenal of what might be termed fifth-generation warfare (5GW).2

The perpetrators include both states and organizations, advancing a global totalitarian ideology disguised as a religion. The end goal is to impose that ideology worldwide, making the Islamic "nation," or ummah, supreme.3

Rising oil prices and the West's dependency on Middle East oil, combined with willful blindness and political correctness, provide a surge of petrodollars, making financial and economic jihad so much easier to carry out. Moreover, according to shari'a, Muslims hold all property in trust for Allah.4

Therefore, under the shari'a, all current and historic Muslim acquisitions everywhere, including the United States , belong to the ummah, in trust for Allah.Shari'a is the crucial source and ultimate authority dictating the actions of practicing individuals and radical Muslim states and movements alike. Failing to understand the political use of shari'a hampers the U.S. ability to mount effective policies, plans, and strategies to successfully counter this fast-growing totalitarian threat...

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