Sharia in America: Minneapolis Offers Sharia-Compliant Loans to Muslim Business Owners

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How is this not a violation of the establishment clause? The government is funding sharia and sharia finance. Sharia financial institutions cannot fund pork, alcohol, gambling  or adult entertainment businesses (these are whole American business sectors).  A portion of sharia finance funds must go to zakat – Islamic charities which we know fund Islamic terror. Minneapolis may be helping to finance international terrorism.

No American city should be in the sharia finance business. Taxpayers funding our own demise. Someone with standing – a Minneapolis taxpayer ought to sue.

We need hearings on taxpayer dollars being used to fund Islamic finance (thereby funding jihad and prohibition on whole American business sectors). We need hearings on the violation of the separation of mosque and state in the public schools, in the workplace, in the courtroom, and in foreign policy. We need hearings on the violation of the Constitution in regards to Muslims—no longer are equal rights sufficient, now it’s special rights for a very extra special class, Muslims.

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“The City That Offers Sharia-Compliant Loans to Muslim Business Owners,” The National Journal, June 30, 2014

Somali entrepreneurs are transforming neglected neighborhoods with the help of a Minneapolis Islamic financing program.

Inside the Karmel Square shopping mall in southwest Minneapolis, women wearing headscarves paint customers’ feet with henna. Others sell beaded caftans in narrow stalls. On the first floor, shopkeepers kneel toward Mecca to pray.

Somali entrepreneurs in the neighborhood have transformed an abandoned machinery warehouse into this bustling indoor bazaar. Karmel Square is one of several commercial districts they’ve revived in recent years with support from an unexpected ally: the city.

Since 2006, Minneapolis has loaned more than $1 million to Muslim business owners through a program that complies with sharia law, which prohibits Muslims from paying or earning interest in a financial transaction. The program, which is operated in partnership with the African Development Center, makes Minneapolis the only city in the country to offer Islamic financing at a time when states are trying to ban sharia from the courts. “Minneapolis is a very welcoming city,” says Kristin Guild, the city’s business development manager. “Because [Somali immigrants] wear headscarves, they are visible as entrepreneurs and people see that they are setting up businesses in our town and creating jobs.”

Minnesota is home to the country’s largest Somali community, which is predominantly Sunni Muslim. An estimated 32,000 people of Somali ancestry live in the state, and about one-third of them live in the Minneapolis-St. Paul metro area, according to the latest census figures.

In the past 10 years, North African immigrants have opened teashops, pharmacies, and child-care centers in southwest Minneapolis storefronts that were once boarded up. But many of these entrepreneurs struggled to grow their businesses because Islamic law forbids Muslims from earning or paying interest, known as riba. So they couldn’t take out loans or participate in the city’s low-interest financing program for small businesses.

“We had to be creative to meet the demand,” says Nasibu Sareva, executive director of the nonprofit African Development Center, which brought the idea of creating an Islamic financing program to the city in early 2006. City leaders were unaware of the sharia restriction, but agreed to the plan. Less than a year later, the city’s community and economic development department launched the sharia-compliant Alternative Financing Program.

This is how it works: A barber who needs new chairs for his shop goes to the African Development Center or another nonprofit lender that has partnered with the city. The lending partner buys the chairs, splitting the cost with the city, and then resells the chairs to the barber at a 2 percent profit. The barber pays it off in monthly installments. This is called a Murabaha sale.

The first person to participate in the city’s program was Shukri Gedi, a 50-year-old woman from the Somali capital of Mogadishu. Gedi had opened Global Clothing and Accessories in the Karmel Mall in 2004 with money from her relatives. She sold headscarves, caftans, and long black robes from her stall in the bazaar.

But when she needed money to import more products, Gedi refused to take out a traditional loan. ”We feel it’s haram [forbidden], and that brings a lot of stress,” says Gedi, who learned about the riba-free financing through the African Development Center.

Gedi says the initial $20,000 loan and a subsequent $25,000 loan helped her keep her store open during the recession. Income from the business has helped put two sons through college, she says. “It feels good to be able to support them with school,” says Gedi, who has about $1,000 left to pay off on her loans.

Since launching the program, Minneapolis has made 64 loans worth a total of $1.2 million. It has also partnered with several other nonprofits in the area. Last year, one woman used $40,000 to renovate the building for a new child care center. Another woman who makes gourmet hot sauces got $40,000 for marketing materials and new equipment.

Read More at PamelaGeller.com

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