Sharia Is in America’s Financial System and It’s Expanding Rapidly

When the bond market opens each morning in lower Manhattan, no one ringing the bell is thinking about the seventh-century Arabian peninsula. Yet a small army of clerics, lobbyists, and shariah advisory boards has spent the better part of two decades quietly bending portions of America’s financial machinery to conform to Islamic religious law — and they are succeeding with the active cooperation of the largest names on Wall Street and the federal agencies that regulate them.A new investigation by veteran reporter Paul Sperry at RealClearInvestigations lays out the architecture of what critics have long described as a parallel financial system operating inside the United States. The story is not that observant Muslims wish to invest according to their conscience. The story is that some of America’s most powerful banks, two government-sponsored enterprises holding trillions of dollars in mortgage paper, and federal regulators at Treasury and the SEC have all agreed to play along — without the public ever being asked whether religious law from abroad should be reshaping how American capital moves.Read More: https://economiccollapse.report/sharia-is-in-americas-financial-system-and-its-expanding-rapidly/