Posted by: rshalomw | December 5, 2008


Please read the following articles and you will know why you should be alarmed over what AIG is doing and them take action and sign the petition and phone call the numbers that will be listed.

AIG Defies U.S. Taxpayers by Promoting Sharia in America
December 4, 2008
by Jeffrey Imm
Anti-Jihad League of America
For the third month in a row, AIG is in the news regarding its promotion of Sharia-compliant finance (SCF) products, which promote the Islamic supremacist, segregationist ideology of Sharia. For a company struggling with its financial survival, it remains astounding that AIG would want to incite its American taxpayer owners by promoting products that are based on an Islamic supremacist political ideology. In October 2008, I wrote how the U.S. government gave an $85 billion loan to AIG, without demanding divestment of its business ventures reselling Sharia mutual trusts and its AIG Takaful division selling Sharia-based insurance. In November 2008, I wrote about how the U.S. government purchased $40 billion in AIG stock, making you as a taxpayer, an owner of a company promoting Sharia through such businesses.
For two months, I have warned that AIG’s Takaful division was planning to expand to offer such AIG-specific Sharia products here in the United States. Now AIG has announced that it has Sharia-based insurance products for the United States, and AIG is promoting them.
On December 1, 2008, AIG announced that it was “introducing a Takaful Homeowners Policy, the first installment in Lexington Takaful Solutions, a series of Shari’ah-compliant (Takaful) product offerings in the U.S. The newly announced Takaful products are compliant with key Islamic finance tenets and based on the concept of mutual insurance.” Note that AIG indicates that such Sharia insurance products are the “first installment” in a series of Sharia products. In the AIG press release, AIG Takaful’s Abdallah Kubursi expresses his pride in AIG’s ability to promote Sharia within the United States, stating “This is truly a global effort on the part of AIG.”
This is our company, using our taxpayer dollars, to promote Islamic supremacist Sharia-based products in our country. As we are $40 billion owners in AIG, this is our problem as Americans. What is our government and AIG going to do about this?
First, let’s remember what Sharia is and is not.
Sharia is a legal codification of the political ideology of Islamic supremacism. This Sharia legal codification is intended to enforce discriminatory and segregationist practices against women and non-Muslims and to suppress the liberties of those living in Islamic theocracies. As a legal codification of a supremacist ideology, Sharia is incompatible with democratic values and the inalienable human right that “all men are created equal.” In 2001, nearly two months before the 9/11 attacks, the European Court of Human Rights determined that Sharia law was incompatible with democracy and human rights. The President of the European Court of Human Rights stated that “the Court found that sharia was incompatible with the fundamental principles of democracy as set forth in the Convention… Principles such as pluralism in the political sphere or the constant evolution of public freedoms have no place in it. According to the Court, it was difficult to declare one’s respect for democracy and human rights while at the same time supporting a regime based on sharia…”. Even British courts have ruled that Sharia is “discriminatory.”
In a nation such as the United States, based on the inalienable human rights of equality and liberty, why would American taxpayers seek to fund a business selling products that promote a discriminatory, segregationist, and supremacist ideology that is “incompatible with democracy and human rights”?
Sharia is not merely “cultural beliefs,” “religious beliefs,” or “social preference.” In the AIG press release, AIG’s Abdallah Kubursi would have Americans believe that the goal of promoting such Sharia products is to expand “social preference.” But America has rejected those who would label supremacist values as “social preference,” just as they rejected white supremacists who once called for racial segregation and discrimination. America’s society, businesses, government, and law rejects supremacist ideologies. Just ask President-Elect Barack Obama.
This is the same Sharia ideology that has been used by the Islamic supremacist Taliban to murder those who they believe have committed moral crimes, the same Sharia ideology that was used to murder a 13 year old girl last month who was raped in Somalia, and the same Sharia ideology supported by the Taliban, Al Qaeda, and Islamic supremacists around the world. It is the same Sharia ideology whose zakat charities have been used to fund jihadist terrorist organizations. On September 18, 2008, Congressman Tom Tancredo’s office introduced “Jihad Prevention Act” (H.R. 6975). According to the press release from his office on this bill, “the legislation would make the advocacy of Sharia law by radical Muslims already in the United States a deportable offense.”
But now American taxpayer dollars are being used to promote products based on Sharia?
In fairness to AIG, there are many who do not understand the political Islamic supremacist nature of Sharia.
Stop Sharia Now (FAQ item 17) provides a quote regarding an “Islamic Finance conference” in New York City where an attendee asked the meaning of Sharia. One of AIG’s Sharia advisors, Sheik Nizam Yaquby, ambiguously responded by stating that “Shariah is the path on which we walk, the water which we drink.” Those of us who are aware that Sharia is a legal codification for all aspects of Islamic supremacist life grasp what Yaquby was trying to communicate; certainly none of the supremacist aspects of Sharia was communicated by Yaquby. It is then reported that “Not one person in the room followed up with a question. The group went back to looking at flowcharts and graphs.” So it should be little surprise that few people involved with Sharia finance products actually understand the ramifications of promoting Islamic supremacist Sharia.
To give AIG an opportunity to respond to this, I called the individual listed on AIG’s press release for its Sharia Takaful Homeowners Policy, Jim Crain, and talked to him about the AIG product. My impression is that AIG’s Jim Crain is a businessman, and I got the distinct feeling that he was uncomfortable with being named as the AIG point of contact on a product with political connotations. I told AIG’s Jim Crain about the online petition signed by over 100 individuals calling for the Federal Reserve Board and the Department of Treasury to call for AIG to divest itself of its Sharia businesses. I also told AIG’s Jim Crain about how the Islamic supremacist Taliban and other groups are seeking to promote Sharia.
AIG’s Jim Crain told me that he had no comment on AIG’s Sharia product linkage to the Islamic supremacist Sharia ideology, but stated that with “this business venture” it was not AIG’s intent “to enter into the political arena at all.” Jim Crain stated that he did understand that Sharia is viewed as a political ideology, and commented “that is becoming more apparent as the days go on.” (I would conclude from this that I was not the first person who has called Jim Crain about this.) He stated that “it is entirely possible” that the public is going to think that AIG is taking a political position that is pro-Sharia. Jim Crain concluded our discussion by stating “I am going to pass your concerns on to our senior management and legal.”
Now it is your turn. American taxpayers own $40 billion worth of AIG stock. This is your company and your responsibility to contact AIG about both its Sharia finance businesses and its efforts now to promote Sharia-based insurance in the United States.
Let AIG’s Jim Crain know that the calls he has gotten thus far complaining about AIG’s Sharia based business is the tip of the iceberg. Jim Crain’s phone number and email address are provided on the AIG press release to discuss AIG’s Sharia-based Takaful Homeowners Policy. Let him know precisely what you think of it as a shareholder in AIG, and ask Jim Crain to make certain that his senior management also is aware of your concerns as well.
Sign our online petition demanding that the Federal Reserve, Securities Exchange Commission, and Department of Treasury carry out their fiduciary responsibilities under H.R. 1424 to act as the Financial Stability Oversight Board in America’s interest – and demand that AIG divest itself now of its Sharia businesses. This is an opportunity to make American commitment to human rights a part of how companies do business in America. It is our responsibility to let AIG know our concerns.
Let’s make our voices heard on this outrage, just as we would if AIG was offering a white supremacist financial products, black supremacist financial products, or any other products or services linked to a supremacist ideology. We need to make our voices heard because supremacism is fundamentally against the inalienable human rights of equality and liberty, as defined in America’s Declaration of Independence… and declaration of our identity as well. By the very definition of America, we are responsible for equality and liberty, and we are responsible for confronting Islamic supremacism.


There are two things you can do. First, read Mr. Imm’s commentary below. Second, either call AIG or sign the online petition – or both. The preferred course of action is to place a phone call. If you can’t make the time to call today, do so on Monday or Tuesday next week.
There are two people we can call. Peter Tulupman is AIG’s Public Relations Manager. His number is 212.770.3141. Jim Crain is listed on AIG’s press release as the person to call for more information about the Shariah-compliant insurance now being offered. Mr. Crain can be reached at 617.345.4105. When you call please be respectful but unequivocal in expressing your strong disapproval with how AIG is entangling itself with Shariah.
AIG needs to hear from us. Thousands of calls into AIG will not only send a message to AIG, it will send a message to other companies that are considering or beginning to wade into the morass of Shariah-compliant finance.

Further Update

As you know, we have encouraged our members to contact AIG to express our disapproval with AIG’s decision to market a shariah-compliant insurance product.

One of our members received an email response from AIG, which we have copied below. Beneath the AIG response is our response.

“We received your email expressing your concern over our announcement that we would begin marketing Takaful insurance products in the United States.

AIG operates around the world and endeavors to provide products that meet the diverse needs of its 74 million customers living in 130 countries and jurisdictions.

Marketing to specific ethnic constituencies is not new or unique to AIG. For instance, AIG businesses have tailored programs for a range of religious organizations, including Methodist churches and synagogues. The concept of Takaful is similar the concept of reciprocal exchange, or mutual insurance. What makes the structure somewhat different is that premiums are held in non-interest-bearing accounts, and any excess profit is distributed back to the policyholders or given to charity. While the Takaful structure is desirable to those whose religious convictions preclude them from engaging in traditional interest-bearing structures, Takaful is also increasingly popular among non-Muslims who feel that the excess charitable aspect is a socially responsible mechanism for the purchase of insurance. In the United States, AIG plans to direct excess profits to U.S. based charitable organizations. These policies are standard homeowners’ policies and are guided by U.S. law. The funds for these policies are held in Shariah-compliant, non-interest bearing accounts at HSBC.

We hope this addresses your concerns.”

The AIG response is a fairly typical one companies provide when asked about shariah-compliant products. They usually compare shariah-compliant products to special products offered to other religious groups, and they almost always characterize the shariah-compliant product as “socially responsible.” Note AIG’s comparison to “Methodist churches and synagogues” and the phrase “socially responsible mechanism.”

There are at least three problems with AIG’s response.

  1. The comparison to “Methodist churches and synagogues” is faulty. Methodist churches and synagogues do not require financial products that advance religious law that oppresses women and has at its core the call to jihad, as shariah-compliant products do. “Shariah-compliant” is just that – in compliance with Shariah law. The tenets of Shariah Islamic law include permission for forced child marriages, the beating of disobedient women, death sentences for Muslims who chose to convert away from Shariah Islam, and the obligation to wage offensive military Jihad against non-Muslims. By offering shariah-compliant products AIG, whether knowingly or unwittingly, is legitimizing and, by extension, endorsing shariah law. Think of it this way. Would AIG offer a product that was “apartheid compliant”? Of course not, because AIG would know that doing so would legitimize apartheid. To argue that a company can offer a product that is “compliant” with shariah law, but is not legitimizing shariah law, is disingenuous. So we repeat, AIG is either knowingly or unwittingly legitimizing a religious law system that oppresses women and is animated by jihad.

  2. The advisory board for AIG’s Shariah-compliant insurance includes Muhammed Imran Usmani, the son and disciple of Muhammed Taki Usmani. The elder Usmani is a “who’s who” in the Islamist world and an outspoken proponent of aggressive jihad. For example, he has issued numerous fatwas (religious rulings) that provide material support for terrorism. What “socially responsible mechanism” does AIG provide to “Methodist churches and synagogues” that has an advisory board which includes the disciple of an internationally-known advocate for terrorism? Let’s use the apartheid example again. Would AIG offer a product that had an advisory board which included the son and disciple of an internationally-known advocate for apartheid? Of course not.

  3. Note this statement in AIG’s response: “In the United States, AIG plans to direct excess profits to U.S. based charitable organizations.” Shariah-compliant finance requires such charitable giving to go to Muslim charities. Who directs where the money goes? The Shariah-compliant advisory board, which in this case includes the son and disciple of an internationally-renowned advocate of terrorism. But that’s only one problem. Currently over two dozen Muslim charities have been identified by the U.S. government as having links to terrorist organizations. How many other Muslim charities have links to terrorist organizations and have not yet been identified? The recent convictions in the Holy Land Foundation terrorism-financing trial illustrate the complex web that some Muslim charities have created to funnel charitable contributions to terrorist organizations.

    What AIG is thus doing is offering a financial instrument that may very well wind up as a conduit for funds to terrorist organizations. Even if that never occurred, why would a company want to put itself in such a position? Why would a company want to entangle itself with the son and disciple of an advocate for terrorism? Why would a company even take the chance that a financial product it offers could end up serving as a conduit for funds to terrorist organizations? How is this “socially responsible”? What’s more, doesn’t AIG recognize that, if funds from its shariah-compliant product did end up going to terrorist organizations, it could be facing, at best, a public relations nightmare, and at worst, lawsuits alleging negligence, and even criminal investigations?

    This is no mere hypothesis. David Yerushalmi, a legal expert on the issue of shariah law, has written a lengthy legal article spelling out the potential civil and criminal liabilities for companies that engage in shariah-compliant finance. (To read the article click here).

We will continue to press for more information and for the opportunity to educate AIG as to the dangers of what it has ventured into. We’ll keep you posted.

Please forward this email to everyone you know so they will become aware of this issue – and encourage them to sign up for our email alerts! This is how we get the word out!


ACT for America
P.O. Box 6884
Virginia Beach, VA 23456


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