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Court Stays Kerala’s Islamic Banking Plans

Former Central Minister Dr. Subramanian Swamy’s petition delays the creation of an Islamic bank in India. “The government’s participation is clear instance of state favouring a particular religion. This is violative of Article 14 and 25 of the Constitution which promises equality before law and right to freedom of religion. Besides, Islamic Bank is violative of Banking Regulation Act of 1949. A 7-judge bench of the SC had ordered that no public money should be used for promoting institutions of a particular religion,” stated Swamy’s petition.

The Economic Times
January 6, 2010
Kochi, India

A division bench of the Kerala High Court on Tuesday stayed all further move by the state-owned Kerala State Industrial Development Corporation (KSIDC) to set up an Islamic bank in the state.

The division bench gave its orders on a petition filed by former central minister Subramanian Swamy, who maintained that the proposed bank was against India’s secular credentials and its banking norms. The court accepted the petition and issued notices to the Union government and KSIDC.


Why November 21 is an important day for you?


One Law for All
October 12, 2009
By Maryam Namazie

The One Law for All campaign is organising a rally against Sharia and all religious-based laws in Britain and across the world and in defence of human rights and secularism on November 21 in London. Rally organisers are calling upon those who cannot get to London to organise rallies or acts of solidarity in various cities across the globe.

A public show of opposition is crucial at a time when Sharia law is on the rise in many places and is being touted as a ‘right’ and a ‘choice’ when it is anything but these things.

Contrary to the misinformation peddled by their proponents and the far Right, Sharia courts are the demand of the political Islamic movement. They are not the demand of ordinary Muslims or those labelled as Muslims (since there are just as many differences of opinion and belief in all so-called Muslim communities as among others). Do not forget that these very “Muslims” are the first victims of and dissenters against Sharia law.

If it were really the desire of “Muslims” to be stoned to death for sex outside of marriage, hanged for being gay, executed for being apostates, flogged for eating during Ramadan, forcibly veiled and segregated from childhood, Islamic states and the regressive Islamic movement would not need to resort to such indiscriminate violence and brutality.


French Muslim woman wearing 'burkini' banned from Paris swimming pool

The French government is hoping to ban the "burquini" from the beaches. President Sarkozy has said that the the burqua and other Shariah garb put women in a second class status which is not the way of liberated France. “Yesterday it was the hijab and today it is the niqab,” said Abu Musab Abdul Wadud, the leader of al-Qaeda in the Islamic Maghreb. “We will take revenge for the honour of our daughters and sisters against France and against its interests by every means at our disposal.”


The Times
August 13, 2009
By Charles Bremner

France’s struggle with Islamic dress has moved into the swimming pool after a 35-year-old woman was banned from bathing in her “burkini”, a head-to-toe swimsuit.

The woman, identified only as Carole, was making her third outing in a burkini to the town pool at Emerainville, on the eastern outskirts of Paris, when the chief lifeguard ordered her to leave.

She was said to be breaking hygiene rules, but her ejection has become the latest episode in a battle between fundamentalist Muslims and a state that has banned head-cover from schools and may curb face-covering in public.


Burka makes women prisoners, says President Sarkozy

President Sarkozy threw his weight yesterday behind attempts to bar French Muslim women from covering their faces in public, calling their full-body dress a “debasement of women”.


The Times
June 23, 2009
by Charles Bremer

Mr Sarkozy made his attack on a small but growing number of fundamentalist women in a “state of the nation” speech that was the first by a French President to both houses of parliament since 1873.

Talking in the ornate chamber of the Château de Versailles Mr Sarkozy also rejected calls to raise taxes and promised to accelerate his project to remake France despite the deep recession. His strong words on the niqab and the burka were part of a confident personal performance review that was decried by the opposition as a selfaggrandising stunt.

“In our country we cannot accept that women be prisoners behind a screen, cut off from all social life, deprived of all identity,” Mr Sarkozy said to applause in the parliament’s ceremonial Versailles home.

“The burka is not a religious sign. It is a sign of subservience, a sign of debasement,” he added. “It will not be welcome on the territory of the French Republic.”


French high court quashes Islamic finance measure

France's highest constitutional authority on Wednesday struck down a provision of a new law that would have opened up French banking to Islamic finance.

October 16, 2009

The National Assembly last month adopted the measure to allow Sharia-compliant financing despite opposition from the Socialists who asked the Constitutional Council to rule on its legality. Opposition deputies had complained that staunchly secular France must not allow principles of Sharia law to be recognized in legislation.

The measure would have provided a legal basis for Islamic "sukuk" bonds, which are asset-based and do not pay interest. Investors receive coupons corresponding to part of the profits earned by the asset underpinning the bond. Under Sharia law, making money by means such as charging interest is not permitted and investment in companies involved in alcohol, gambling and tobacco is strictly off limits.

The Constitutional Council ruled that the provision should not have been lumped into a broader bill on financing for medium and small businesses as it was a separate issue. A statement from the Council stressed that the provision was being challenged "not on the grounds of its content but rather over the procedure followed in parliament."

Finance Minister Christine Lagarde has been spearheading a drive to turn Paris into the European capital of Islamic finance, tapping into billions of euros from investors, mostly in the Gulf. A government report last year estimated that France could tap into EUR 120 billion (USD 179 billion) in capital from Islamic finance by making adjustments to its tax and banking laws. Home to Europe's biggest Muslim minority, France is hoping to unseat London as the European hub for Islamic banking, offering products that comply with Sharia law.
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