By Roger Kimball
That great comic Lenin once observed that the bourgeoisie was so cravenly addicted to the profit motive that its members would happily sell Communist revolutionaries the rope with which they were to be hanged.
I couldn’t help thinking of that when a friend sent me a press release from the Dow Jones News Services yesterday proudly announcing that February marked the “10th anniversary of the launch of the Dow Jones Islamic Market (DJIM) Indexes.”
That’s right folks, mighty Dow Jones, publisher of The Wall Street Journal , also hosts an index “to measure the performance of a global universe of Shari’ah-compliant investable equities.”
“Shari’ah-compliant investable equities”–let’s see, that would be entities that comply with the dictates of Sharia (we infidels can skip the apostrophe), i.e., Islamic law, i.e., the charming code that tells you how and where to go about obtaining multiple wives, what offenses merit flogging, amputation of a hand or foot, or even what another friend of mine refers to as “the full Muslim.”
What John Prestbo, editor and executive director of the Dow Jones Indexes, refers to as “this thrilling indexing initiative” has apparently been a smashing success, not least because of input of the Dow Jones Islamic Market Index Shari’ah Supervisory Board, a six-member group of Islamic scholars. (I wonder if Omar Abdel Rahman has an honorary seat?) Read more ...
That great comic Lenin once observed that the bourgeoisie was so cravenly addicted to the profit motive that its members would happily sell Communist revolutionaries the rope with which they were to be hanged.
I couldn’t help thinking of that when a friend sent me a press release from the Dow Jones News Services yesterday proudly announcing that February marked the “10th anniversary of the launch of the Dow Jones Islamic Market (DJIM) Indexes.”
That’s right folks, mighty Dow Jones, publisher of The Wall Street Journal , also hosts an index “to measure the performance of a global universe of Shari’ah-compliant investable equities.”
“Shari’ah-compliant investable equities”–let’s see, that would be entities that comply with the dictates of Sharia (we infidels can skip the apostrophe), i.e., Islamic law, i.e., the charming code that tells you how and where to go about obtaining multiple wives, what offenses merit flogging, amputation of a hand or foot, or even what another friend of mine refers to as “the full Muslim.”
What John Prestbo, editor and executive director of the Dow Jones Indexes, refers to as “this thrilling indexing initiative” has apparently been a smashing success, not least because of input of the Dow Jones Islamic Market Index Shari’ah Supervisory Board, a six-member group of Islamic scholars. (I wonder if Omar Abdel Rahman has an honorary seat?) Read more ...
Source: Pajamas Media
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