Sub:- Islamization of Indian subcontinent through Islamic Banking
The ‘Islamic Banking’ is once again in news thanks to recent alleged (reported in media) lobbying for it by Minority Minister Rahman Khan with Congress leadership. But this lobbying is legally, politically and morally unnecessary for the simple reason that (A)- Existing laws permit interest free (zero net interest) Islamic banking (may be with different name) in India and (B)- It is coming in the way of complete Islamization of Indian subcontinent (especially in view of the fact that no other existing or new religion is in sight and Christians are not interested in mass conversion of Hindus and Muslims to Christianity for the reasons best known to them only and near-total conversion of Muslims to Hinduism in entire Indian subcontinent is impossible in given circumstances of martial deficiency of Hindu India), as given below :-
(1)- The 'Islamic Banking' with ‘zero net interest’ can easily be started within existing laws of India. This 'zero net interest' will be equal to 'gross interest' minus overheads (working expenses) of Islamic Bank. Through this Islamic Banking the non-violent and legally permissible mass conversion of Hindus to Islam will be an extremely important subject for the students of socio - political - economical disciplines world over, because:-
(i)- It has huge potential of bringing peace to Indian subcontinent (having democracy unlike NAME Countries) with (to be) Muslim majority in it (as happened in Iran, Iraq, Turkey, Egypt etc) in view of ~ 450 millions Muslims already in remaining subcontinent namely in Pakistan and Bangladesh. The ancestors of ~ 650 million Muslims in Indian subcontinent (present day India, Pakistan and Bangladesh) did not come from Arab (Mecca – Medina etc) but most of them were forcefully converted under the sword of Islam. By the time of demise of Muslim emperor Aurangzeb in early 18th century (when Hindus started turning the tide back), the Britishers came & intervened and conversion of Indian subcontinent from Hinduism to Islam or of Muslims back to Hinduism has remained the unfinished agenda, which has to reach to its logical conclusion sooner than later, if lasting peace is to come to entire Indian subcontinent.
(ii)- This Islamic Banking with zero net interest loan will have tremendous implication for and will arouse immense interest in Western Christian world too, where usury (interest earning) found new version in the form of unbridled fiscal deficit (in India too despite Article 292 & 293 of the Constitution of India) which has created fake & easy money (in USA through Quantitative Easing too) with the result State Capital (which was meant for providing economic freedom to the citizens of democracy through job guarantee etc) has been squandered & looted by politicians world over causing problem of huge unemployment & unrest globally (including in USA & Europe).
(2)- This mass conversion of Hindus to Islam in present India can be in three stages. In first stage the ground-work for Islamization can be prepared through Islamic Banking. In second stage conversion of majority of Hindu India (who mostly will be the beneficiary of this Islamic banking) to Islam can be smoothly carried out. In third stage most of the remaining Hindus will adopt Islam.
(3)- To be fair to Islam and Indian Muslims they deserve and have every right (including legal / constitutional) to convert majority of Hindu India to Islam in view of the following:-
(i)- The Hindus, due to age old prejudices, are adamantly opposed to either abolishing reservation (which demoralizes its beneficiaries) or about giving it to all. Hence unless majority of Hindus (who form the main productive force of Hindus but are so called Schedule Castes, Schedule Tribes, Backward Castes, Other Backward Castes etc and therefore has inflicted self-demoralization on themselves and that too in a democracy where people's high moral is the crucial factor) change their religion, the Hindu majority India has no future whatsoever. Therefore if Indian Muslims tries for this conversion of majority of Hindus to Islam, then it has a moral & political sanction too behind it.
(ii)- Due to lack of political will, the implementation of employment guarantee program (MNREGP, which renders other so-called welfare measures unnecessary) is doomed because government of India does not have any Minister who will run this program departmentally with efficiency and in profit. With the result poverty & disparity in India is horrible and increasing (including appalling number of suicides in thousands, by farmers in rural India).
(iii)- Coward religio – civilizations have no right to exist on this earth and Hindu majority India cowardly accepted partition of the mother land in 1947 under the coercion of high handedness and violence unleashed by Muslims.
(iv)- In India the ‘Baman – Bania’ culture is dominant hence it cares merely for soft power and does not bother about hard power, without which in this age of modern Science & Technology it is impossible to gain economic & martial power for any country (which is evident in case of India where on August 14, 2013 too it missed an opportunity to rectify its martial deficiency and instead passed a meaningless resolution against Pakistan in both houses of Parliament where India absurdly out of cowardice did not say that – “from now onwards India will not abide by cease-fire agreement of 2003 in the interest of meaningfully protecting the territorial integrity of India in relation to POK”).
(4)- The said majority of India can grow economically & socially if ~ $ 0.81 Trillion is injected in India through Islamic Banking, as given below:-
(i)- Out of India’s 1.2 Billion population Hindus are 1 Billion. Economically humble half of Hindus are 500 millions [though poor (Hindus, Muslims etc) are ~ 810 millions which is two third of India as per Prime Minister as he mentioned in his Independence speech while defending Food Security Bill, the law which will increase fiscal deficit and is unnecessary in view of job guarantee program, if implemented fully and competently]. If 4 to 5 persons are taken per family then ~ 115 million will be the Hindu beneficiary household of Islamic banking.
(ii)- These 115 millions households require financial assistance in varying degrees. These can be bifurcated in five categories of 40, 30, 20, 15 and 10 millions each. For these five categories if Rupees 1, 2, 5, 10, 15 Lakhs (hundred thousand) respectively of zero net interest loans, for economic purpose, are given through Islamic Banking then they will be comfortable economically. This total financial burden on Islamic Banking comes out to be Rs 50 Trillion which is ~ $ 0.81 Trillion only for Hindus.
(5)- This $ 0.81 Trillion is peanut for Muslim countries (with petro-dollar too) to invest and even to forget the IMMEDIATE recovery of loan, especially when majority of Hindus can be converted to Islam.
(6)- As far apprehension of chances of money of terrorists & black-money holders behind this Islamic banking, this issue has already been raised by anti - black-money agitations of past two years where these agitators are questioning the source of money of past and future FDI in India. Therefore once this FDI issue is resolved then there should not be any special attention to the source of money in Islamic banking
(7)- The success of this ground-work for Islamization and then ultimately to mass conversion of Hindus to Islam will crucially depend on four factors:-
(i)- Indian Muslims will have to show pragmatism or rather cunning in not pressing the Sharia etc element of Islamic Banking. Rather they will have to ensure that they some how succeed in making Indian State accept in form, the giving of zero net interest loans of ~ $ 0.81 Trillion Islamic money to these over 115 million households of Hindus.
(ii)- These Islamic Bankers (operating under whatever name in India) should not show any hurry for the recovery of these loans, because there is no risk of loosing the charge on debtor’s assets. This will not be equity capital which may suffer losses but will be debt which will remain secured. Even if $ 0.81 Trillion is forgotten for few years then by any reckoning it is not a bad bargain for Islam, especially when majority of Hindus can be converted to Islam, smoothly (given logistic support from ~ 200 million Muslims across India).
(iii)- Invoking the right to freedom of religion (enshrined in Indian constitution and in UN Covenant, which allows conversion except through physical coercion), will be crucial. In every conversion benefit is inherent hence Hindus cannot take the refuge in the bogey of 'conversion out of benefit'. Therefore Muslims will have to clamor legally and politically for right to conversion.
(iv)- These beneficiaries (the majority of Hindu population) will certainly feel obliged towards Islamic Banking and which will prepare the ground-work for Islamization. But any overt and brazen persuasion regarding conversion to Islam of these beneficiaries will defeat the ultimate purpose of Indian Muslims, (which should be conversion of these beneficiaries to Islam). Therefore Indian Muslims and Islamic Bankers will have to keep quite, at least for few years, about their ultimate and legally permissible (by Indian constitution and UN Covenant) goal of mass conversion of Hindus to Islam.
(8)- It will be an extremely important global development to watch that how adroitly the Indian Muslims play their cards to bring this majority of Hindu population of India to the fold of Islam. It will be doubly interesting for the simple reason that so far Hindus have been complaining that Muslims of India (including of Pakistan and Bangladesh who were part of Undivided India) were converted to Islam by physical coercion and violence by Muslim invaders and rulers, but this mass conversion of Hindus to Islam through Islamic Banking will be non - violent and legally permissible.
Hem Raj Jain