Shariah Finance Watch editor briefs Congressional staffers on Shariah-Compliant Finance
On June 8, 2012 · In "Ethical Investment", AIG, Al Qaeda, Amana Funds, Center for Security Policy, Creeping Shariah, Da'Wah, Dow Jones, Dow Jones Islamic Market, Elena Kagan, Hamas, HARVARD, Hezbollah, Hizb ut-Tahrir, Holy Land Foundation, HSBC, Interest, Investors Business Daily, Iran, Islam, Islamic Banking, Islamic charities, Islamic Economics, Islamic Finance, Islamic Law, Islamization, Jihad, Jihadist Groups/Individuals, Malaysia, Money Laundering, murabaha, MURAHABA, Muslim Brotherhood, Obama, OIC, purification, Qaradawi, Qatar, Regulation, Saudi Arabia, Sharia Compliant, Shariah Banking, Shariah Finance, Shariah in Academia, Shariah insurance, Shariah Law, Shariah Mortgage, Sovereign Wealth Funds, Sudan, Takaful, Taliban, Terror, Terror Funding, terrorism, The Banker, U.S. Policymakers, UAE, United Kingdom, USA, Usmani, Usury, VIDEOS, Wahhabism, Zakat
Recently we had the opportunity to brief staff members from 10 Congressional offices on the threat of Shariah Finance. The briefing was recorded and we have posted the full 1-hour briefing here for SFW viewers… Shariah Compliant Finance and Financial Jihad
US Treasury Sanctions Two for Ties to Al Qaeda
On May 18, 2012 · In Al Qaeda, Jihad, Jihadist Groups/Individuals, Money Laundering, Taliban, Terror Funding
These kinds of sanctions are largely symbolic since it is unlikely that these two men have any assets in the USA. The Treasury Department put two people that it alleged have ties to militant Islamist groups on a blacklist on Thursday and banned American citizens from any dealings with them. The Treasury’s Office of Foreign Assets [...]
US Treasury Claims Sanctions Hitting Al Qaeda Hard
On May 11, 2012 · In Al Qaeda, Iran, Islamic charities, Jihad, Jihadist Groups/Individuals, Obama, Sanctions, Terror Funding, USA, Zakat
The US Treasury claims that its targeted sanctions program is hitting Al Qaeda and rogue nations, such as Iran, hard. We’ve no doubt that Iran, the world’s most active state sponsor of terrorism, has been substantially effected by sanctions and we would concede that Al Qaeda has no doubt been impacted in some way. But [...]
European Nations Fund Jihad Through Ransoms
On May 11, 2012 · In Al Qaeda, France, Islamic Law, Jihad, Jihadist Groups/Individuals, Shariah Law, Spain, Terror, Terror Funding, terrorism
Money Jihad blog has another excellent and important story up about ransom payments by European nations to Jihadists, Al Qaeda in the Islamic Maghreb (AQIM) in particular. Note especially the explanation with regard to ransom payments and Shariah in the Money Jihad posting. Note also that the amount of money paid by Spain and France [...]
More Details on Funding for the Taliban
On April 24, 2012 · In Afghanistan, Al Qaeda, Hawala, Islamic charities, Jihad, Jihadist Groups/Individuals, Money Laundering, Taliban, Terror Funding, Uncategorized, Zakat
Not long ago we mentioned that the Taliban had gone online to raise money for their violent Jihadi activities. In that same post we mentioned that US intelligence sources had indicated that most of the Taliban’s financing sources remained intact since US forces engineered their overthrow way back in 2001. This continued financing provides one [...]
The Taliban and Al Qaeda are said to have turned to smuggling cigarettes and cigars to raise money according to a recent report the the International Tax and Investment Center (ITIC). The report blamed higher taxes for making a market in bootleg tobacco products. This activity should certainly come as no surprise. Hezbollah has been involved [...]
It is no secret that the Jihadists seek to target the West’s economy and financial markets. Clearly, that was a main target on September 11th, 2001. Currently, there is a terrorism trial in Germany ongoing in which details have been revealed about Al Qaeda’s efforts to target Europe’s economy and financial system. The Jerusalem Post [...]
This comes as no surprise. Al Qaeda and Hezbollah have been involved in the global drug trade for quite some time. This media report contains details of their activities in West Africa and their cooperation with South American drug cartels… http://www.upi.com/Top_News/Special/2012/04/02/West-Africa-fears-of-drug-terrorism-links/UPI-48031333383482/
Al Qaeda turns to hostage taking across Africa to raise revenue
On March 31, 2012 · In Al Qaeda, Algeria, Jihad, Jihadist Groups/Individuals, Nigeria, Terror, Terror Funding, terrorism, Tunisia
After years of limiting its kidnap operations to Mali, Niger, Mauritania, and occasionally Algeria and southern Tunisia, it would seem that al-Qaeda, through its Maghreb branch al-Qaeda in the Islamic Maghreb (AQIM) is currently attempting to expand its profitable “kidnapping trade” to other countries to locate new sources of funding. According to Algerian authorities, kidnapping [...]
U.S. District Judge George Daniels in Manhattan today said that Hezbollah, designated a terrorist group by the U.S. State Department, must pay the damages to insurers includingChubb Corp. (CB) that sought to recoup payments to business and property policyholders for losses from the attacks. The insurers won default judgments in 2006 against al-Qaeda and Hezbollah after [...]
Before he was killed by crack French security forces, the Jihadist terrorist Mohammed Merah claimed that he received funding for weaponry from inside and outside France. This makes sense since he was known to have multiple Colt 1911 .45 automatic pistols, an Uzi, a Sten gun and a riot shotgun in his possession. The Uzi [...]
This afternoon at 1730 Eastern Standard Time (5:30pm) we received a Google News Alert from our subscription to the term “Al Qaeda.” That alert contained but one intriguing story: Head of state ‘funded al-Qaeda and knew of 7/7 terror attacks’ This story linked to The Telegraph in the UK and the alert included the following [...]
Jihadi fundraiser to be released from prison in the UK
On February 7, 2012 · In Al Qaeda, Britain, Jihad, Jihadist Groups/Individuals, Jordan, Terror, Terror Funding, terrorism, United Kingdom
There is anger in Great Britain over the impending release of Abu Qatada, a terrorism suspect and Imam who was once described as Osama bin Laden’s right hand man in Europe. The Jihadist Muslim cleric is believed to have raised funds for terrorist groups and the British government has declared him a risk to national security. [...]
In Somalia, Fears Over U.S. Wire Transfer Block
On December 24, 2011 · In Al Qaeda, Al Shabaab, Hawala, Jihad, Jihadist Groups/Individuals, Somalia, Terror, Terror Funding, terrorism
Over the past 18 months or so, SFW has covered the raising of funds by Al Shabaab terrorists in Somalia. These Al Qaeda-affiliated Jihadists have used several methods to raise money and they have been quite successful at it. They have used everything from extortion and intimidation to charity fronts collecting zakat. Some of this [...]
US government: Al Qaeda Faces Severe Financial Strain Due To Sanctions
On December 23, 2011 · In Al Qaeda, Jihadist Groups/Individuals, Sanctions, Terror, Terror Funding, terrorism
We’re usually rather skeptical of these claims that sanctions are impacting known terrorists, but there may be some truth to this report. On the other hand, the system of zakat going to Islamic charities that then send a portion to Jihadist groups has not ended in the Islamic world, nor is it likely to any [...]
The U.S. Department of State has authorized a reward of up to $10 million for information leading to the location of Ezedin Abdel Aziz Khalil, better known as Yasin al-Suri. Al-Suri is a senior al-Qaida facilitator and financier based in Iran. Operating under an agreement between al-Qaida and the Iranian Government, al-Suri moves money and [...]
Man Convicted in US of drug-running for Al Qaeda
On November 28, 2011 · In Al Qaeda, Colombia, Drug trafficking, Jihad, Jihadist Groups/Individuals, Terror Funding
Oumar Issa, who was arrested in Ghana in December 2009 at the request of the United States, and subsequently transported to New York faces up to 15 years in jail after pleading guilty to trafficking cocaine to fund the activities of Al-Qaeda. http://www.google.com/hostednews/afp/article/ALeqM5j-w0aaJr_wBd2GXHCGZJAHCDg–g?docId=CNG.ec13fa2d970e9e385e80aacbafe95753.e81
Iran to issue $5 billion in Islamic bonds for South Pars oil and gas project
On November 25, 2011 · In Al Qaeda, Hamas, Hezbollah, Iran, Islamic Bonds, Islamic Law, Shariah Bonds, SUKUK, Terror Funding
Iran, the world’s foremost state sponsor of Jihadist terrorism and a country that is building nuclear weapons in defiance of United Nations resolutions, is set to issue $5 billion in sukuk (Islamic bonds) to finance its huge South Pars offshore oil and gas field. Five billion dollars in bonds will be issued in the current [...]
A U.S. citizen accused of trying to sneak out of the country to go on ‘jihad’ and provide al-Qaeda with money, GPS receivers and restricted U.S. military documents will stand trial today on terrorism charges in Texas. Prosecutors allege that Barry Walter Bujol Jr., 30, referred to al-Qaeda members as ‘brothers’ and said he wanted [...]
Correcting The New Misinformation on Islamic Charities Funding Jihadist Terrorism
On October 17, 2011 · In Abdurahman Alamoudi, Abu Sayyaf, Al Qaeda, Al Shabaab, Bin Laden, Hamas, Hezbollah, Holy Land Foundation, Islam, Islamic charities, Islamic Development Bank, Islamic Law, Islamic Relief, Jemaah Islamiyah, Jihad, Jihadist Groups/Individuals, KindHearts, Lashkar e Taiba, Money Laundering, Muslim Brotherhood, Pakistan, Phillipines, Qaradawi, Salafism, Saudi Arabia, Sharia Compliant, Shariah Law, Somalia, Taliban, Terror, Terror Funding, terrorism, Wahhabism, Zakat
The Guardian in the UK has come out with an article (“Counterterrorism laws taking their toll on humanitarian action”) critical of US counterterrorism efforts that are designed to prevent the funneling of money to Jihadist terrorist groups, especially in Gaza and Somalia, two hotbeds of Jihadist terrorist activity. When ever we see misguided and ignorant [...]
Flashback: Anwar Al-Awlaki’s 44 Ways of Supporting Jihad
On October 8, 2011 · In Al Qaeda, Al-Awlaki, Islamic charities, Jihad, Jihadist Groups/Individuals, Terror, Terror Funding, terrorism, Zakat
Now that Anwar Al-Awlaki has been killed by US forces, we thought we’d commemorate the event by reposting his famous manifesto, “44 Ways of Supporting Jihad.” Not surprisingly, 3 through 9 of the 44 ways were all about “financial jihad.” 3. Jihad with your wealth 4. Fundraising for the mujahideen 5. Financing a Mujahid 6. [...]
Grover Norquist’s Relationships Should Give People Pause
On October 6, 2011 · In Abdurahman Alamoudi, Al Qaeda, Hamas, Hezbollah, Islam, Jihad, Terror, Terror Funding, terrorism
Congressman Frank Wolf of Virginia has done America a great service in pointing out for the official congressional record the troubling ties of political operative Grover Norquist. Norquist’s financial ties to convicted Jihadist terror financiers are both shocking and suggestive that he should have no place in the political process in America… Wolf questioned Norquist’s [...]
Lloyd’s of London’s Syndicate 3500 has filed a lawsuit in federal court in Pennsylvania against Saudi Arabia, several Saudi charitable and financial entities and prominent Saudi citizens over the September 11th, 2001 terrorist attacks. Lloyd’s says the Saudi defendants are directly responsible for the attacks and should therefore be responsible for $215 million in claims [...]
Al Qaeda released an online video to mark the 10th anniversary of the September 11th terrorist attacks, with messages from the late Osama Bin Laden and his successor, Dr. Ayman Al-Zawahiri. The message from Bin Laden warned Americans against ‘falling as slaves’ to the control of major corporations and claimed the ‘tyranny’ of capitalism had brought [...]
Jonathan Schanzer: Saudi Arabia’s Terror Finance Problem
On September 10, 2011 · In Al Qaeda, Islamic charities, Jihad, Jihadist Groups/Individuals, Kuwait, Qatar, Saudi Arabia, Terror, Terror Funding, terrorism, Wahhabism, Zakat
An excellent article from noted expert Jonathan Schanzer on Saudi Arabia’s citizens’ support for Jihad…Keep in mind that this is the same Saudi citizenry heavily involved in Shariah Finance, yet we are expected to believe that there is no threat of Jihadist terrorism benefiting from Shariah Finance… The Saudis produce, thanks to proceeds from the [...]
U.S. Treasury Department Sanctions Three Senior Al-Qaeda Terrorists
On September 8, 2011 · In Al Qaeda, Jihad, Jihadist Groups/Individuals, Terror, Terror Funding, terrorism
9/7/2011 WASHINGTON – The U.S. Department of the Treasury today announced the designation of three senior al-Qa’ida leaders based in Pakistan: leader and commander Abu Yahya al-Libi; senior leader ‘Abd al-Rahman Ould Muhammad al-Husayn Ould Muhammad Salim; and al-Qa’ida facilitator, courier and operative Mustafa Hajji Muhammad Khan. “We are targeting two of al-Qa’ida’s top strategists [...]
3 Boston Islamic charity leaders convicted for support of jihad
On September 6, 2011 · In Al Qaeda, Islamic charities, Jihad, Money Laundering, Terror Funding, Zakat
A federal appeals court on Thursday overturned the acquittal of a Libyan man and two associates who were accused of conspiring to dupe the U.S. government into granting tax-exempt status to a defunct Muslim charity by hiding its pro-jihad activities. The appeals court reinstated the jury’s guilty verdict against Libya’s Emadeddin Muntasser together with Samir [...]
The Treasury Department added three members of Jemaah Islamiyah (JI), an al Qaeda affiliate based in Southeast Asia, to its list of specially designated global terrorists earlier this month. Two of the three, Abdul Rahim Ba’asyir (Abdul Rahim) and Muhammad Jibril Abdul Rahman (Jibril), were identified as senior members of JI’s al Ghuraba cell in Karachi, [...]
Another Apologist Attempts to Rewrite History for Cat Stevens
On August 11, 2011 · In Al Qaeda, Bin Laden, Fatwa, Islamic charities, ISRA, Jihad, Qaradawi, Sudan, Terror, Terror Funding, terrorism, Uncategorized, Zakat
Most of SFW’s readers probably know who Cat Stevens is. He was a folk singer who converted to Islam in the late 1970s and changed his name to Yusuf Islam. At the time of his conversion, he swore off his music and devoted himself to his new-found faith. A few years later he found himself [...]
Al Qaida raises funds online to ‘feed widows and orphans’ of ‘the martyred’
On August 10, 2011 · In Al Qaeda, Iraq, Jihad, Jihadist Groups/Individuals, Terror, Terror Funding, terrorism
Al Qaida in Iraq has acknowledged that it lacked money for support operations in the insurgency war in Iraq. A leading Al Qaida agent said this has hampered payment to families of those killed in attacking Iraqi and U.S. targets. Read more at World Tribune: http://www.worldtribune.com/worldtribune/WTARC/2011/me_terror0994_08_08.asp
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