Bloomberg’s quiet investments in Sharia Finance: an ulterior motive in backing Ground Zero’s Victory Mosque?

Doug Ross
DirectorBlue
8/17/2010

…Why would the Ground Zero mosque receive such seemingly special treatment?

An observant tipster notes that Bloomberg’s namesake news service has a significant financial interest in keeping those of Middle Eastern heritage happy.

Spurred by a recent boom in sales in the region, Bloomberg is expanding its Dubai office into a regional hub, a move that will as much as quadruple its local staff over the next year.

…The company has … been developing an Islamic finance portal, which Mr Linnington said would be helped by having more people on the ground building relationships.

“Particularly since the meltdown of the western capitalist system, there has been an increasingly large focus on the virtues of Islamic finance,” he said. “Today, there is no one single provider of information that caters to the Islamic finance market. So by Bloomberg being here, we are in the process of building out an Islamic finance product. We are very confident that we can build a product that meets the needs of the market right now.”

“Islamic finance” refers to banking systems and investments that are consistent with Islamic law (Sharia). For instance, Sharia prohibits the payment or receipt of interest on money lent. The rules associated with Sharia finance present significant and profitable business opportunities for men like Mayor Bloomberg.

In short: Churches and Synagogues bad. Sharia Finance and Islamic Victory Mosques good.

The entire article, with additional photos, is at DirectorBlue.

H/T The Old Jarhead.

Common American Journal welcomes readers from Logan’s Warning. We also welcome readers from Atlas Shrugs!

Welcome to readers From the Desk of Lady Liberty

Common American Journal welcomes readers from Red White and Blue News.

Comments are closed.