Jun 22 2011
The problem isn't that former Governor of Minnesota, Tim Pawlenty, shut down a Shari'a-compliant mortgage program in his state…
When the American Prospect reported in March that a Minnesota agency under then-Gov. Pawlenty had created a sharia-compliant mortgage program, team Pawlenty went into panic mode. Despite the fact that the initiative was a mundane attempt to help Muslim home-buyers, Pawlenty’s spokesman quickly spread word to reporters that the governor was horrified by the program. “As soon as Gov. Pawlenty became aware of the issue, he personally ordered it shut down,” his spokesman said. (Not “as soon as,” but 18 months later)
Minnesota Governor Tim Pawlenty‘s Emerging Markets Homeowner’s Initative encouraged firms to offer sharia-compliant loans to promote minority homeownership. Conservative commentator Dick Morris apparently wrote about the issue in his 2010 book takes another shot at Pawlenty in a recent column:
As Governor of Minnesota, Pawlenty’s Housing Finance Agency set up a Shariah compliant lending fund to enable Muslims to buy homes without paying interest (the state paid it and they paid the state back through a lease-purchase deal). After eighteen months, he ended the program. He claims he didn’t know about it. Didn’t know? There were protests at every Agency meeting. If he didn’t know, he’s a bad Governor. If he knew, he’d be a bad president.
|ACT! for America chapters and members in Minnesota, in a determined grassroots campaign, helped shut down this sharia-compliant mortgage program.|