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The National Secular Society (NSC) has warned that Britain is “in a race” with France to see who can be the first country to formally incorporate Sharia law into their legal systems.

Although the NSC did not point out that this headlong flight into Sharia law is caused directly by mass Third World immigration, it did warn that Britain is “rushing into law a set of new regulations that will make the operation of sharia finance easier and facilitate the issuance of corporate sukuk.”

Sukuk are a broad class of financial instruments designed to replicate the economic function of bonds, but with a structure which complies with Islamic principles.

The Treasury has laid before Parliament the Financial Services and Markets Act 2000, Order 2010 that will clarify the regulatory treatment of corporate sukuk, reducing the legal costs for these types of investments and removing “unnecessary obstacles” to their issuance.

According to the NSC, Exchequer Secretary to the Treasury Sarah McCarthy-Fry MP said: “The Government’s objectives on Islamic finance are to enhance the UK’s competitiveness in financial services by maintaining the UK’s position as a Western leader for international Islamic finance; and to ensure that everybody, irrespective of their religious beliefs, has access to competitively priced financial products.

“This measure is another important step in the development of the Islamic finance sector in the UK and will help to provide a level playing field for Islamic financial products in this country. It is good news for the UK economy and for our Islamic finance industry.”

The NSC said that the French Minister of Economy, Industry and Employment, Christine Lagrade’s Advisor Thierry Dissaux, said his country was “going ahead with its own plan to adopt the Islamic financial system.”

The French government has already introduced legal and tax amendments with a view to matching the requirements of the Islamic Sharia law in terms of Islamic finance, the NSC reported.

The NSC added that Luxembourg took the “first step” in implementing sharia law last week when a new tax circular was distributed to civil servants dealing with the treatment of a “whole range of Islamic finance products including murabaha, musharaka, mudarabah, istisna, ijarah, ijarah wa Iktina and sukuk.”

The adoption of Sharia law by Britain — and all of Europe — is the inevitable consequence of encouraging Third World immigration.

The British National Party is the only political party which has consistently pointed out that if a people are replaced though mass immigration, then the culture which those people created will also be replaced.

The spread of Sharia law into the financial sector is only the beginning of this process. Left unchecked, Muslim numbers will soon reach the position where they will be able to demand — and get — full Sharia law implemented in Britain.