As if there wasn't enough reason to fire AIG because they took bailout money to the tune of 40 billion dollars from the taxpayers, they are also the first American insurance company to introduce insurance policies compliant with shari'a law. {Update 3/2/09: AIG is getting another 30 billion from the Gov't. This past quarter they lost 28 million dollars an hour.}

[3/3/09: Mr. Bernanke replied that nothing had made him more angry during the months of the sprawling financial crisis than the episode involving the insurance giant that has reported astronomical losses and has been given financial lifelines worth billions of dollars.

I called AIG up yesterday and fired them as my car insurer.

AIG is introducing what is says is the first in the U.S.: a homeowners insurance policy that is compliant with key Islamic finance tenets and based on the concept of mutual insurance. Basically it's investing in Jihad. The insurance giant devotes an entire division to shari'a finance and is being sued by the Thomas More Law Center who is also suing former Treasury Secretary Henry Paulson and the Federal Reserve Board because More considers shari'a finance products unsafe, unconsitututional and anti-American.

While there are many risks documented with shari'a finance, the greatest, albeit hidden risks according to Frontpagemagazine.com is the fact that by investing alone, non-Muslims actively participate in what former Malaysian Prime Minister Mohamed calls "a jihad worth supporting." Namely an effort to impose "universal Islamic banking." Islamic banking is not an ancient religious tradition, but a 20th century invention of the Muslim Brotherhood and their spiritual chief Yusuf Qaradawi.

It was developed to subsume capitalism with Islamic finance -- a prospect neither "safe nor mere fantasy." The Islamic banking industry incorporates a rigid 7th century philosophy, that remains intent upon depriving all non-Muslims of their wealth and worldy stature, according the FPM.com.

Headquartered in Bahrain, AIG Takaful Enaya was established in 2006 to provide Takaful products, including accident and health, auto, energy, property and casualty products. The Takaful home policy is the first installment in Lexington Takaful Solutions, a series of Shari'ah-compliant (Takaful) product offerings in the U.S.

According to the Thomas More lawsuit against Henry Paulson: "Shari'a compliance in financing is achieved by the avoidance of interest, risk and certain types of prohibited industries such as pork, alcohol, pornography, gambling, and industries supporting the U.S. military. According to AIG, its shari'a-compliant subsidiary does not enter into any financial transaction that is "unIslamic."

Shari'a compliant? Let's see what else is Shari'a compliant. In James Arlandsons article on the "Top 10 reasons why Shari'a is bad for all societies" he notes:

Under Shari'a law: it allows husbands to hit their wives even if the husbands merely fear highhandedness in their wives.

Drinkers and Gamblers will be whipped. This law is currently enforced in Iran, Nigeria, Indonesia and Saudi Arabia.

Highway robbers are to be crucified or mutilated.

Homosexuals will be executed. This was enforced under the Taliban, and currently is enforced in Iran, Kuwait and Saudi Arabia.

Adulterers are to be stoned to death.

Apostates are to be killed. Salmon Rushdie's experience with this shari'a law was played out on the international stage.

Women suffer the most under shari'a law. I don't know how many other institutions support shari'a but AIG is quite open about it and I fired them. Britain is actually having the conversation about allowing shari'a law to exist and play out under British law. We are not theocracies in the west. That Britain is flirting with theocratic law is an outrage and it's 100 steps backwards for women's rights and equality.