The drug trade is widely used to fund Jihad. This is especially true of Hezbollah, as this case illustrates, but the drug trade also provides extensive financing for the Taliban in Afghanistan. An Iranian man faces a sentence of life in prison after he was convicted in federal court in New York of conspiring to [...]
A Lebanese bank can face claims in New York of negligence and breach of duty in a lawsuit brought by U.S., Israeli and Canadian victims of Hezbollah rocket attacks and their families, the state’s highest court ruled. http://www.bloomberg.com/news/2012-11-20/hezbollah-victims-may-bring-claims-in-n-y-court-rules.html
In a move that illustrates the incredible weakness of US counterterrorism efforts, the US Treasury, in what can only be described as a cynical gesture, has “triumphantly” announced sanctions against a Hezbollah jihadist terrorist who killed and tortured US GIs in Iraq. The US could have and should have remanded this monster into permanent custody, [...]
Hussein Fahs, who is considered Hezbollah’s CFO and head of the organization’s operational communications network, has reportedly fled Lebanon and defected to Israel…and he brought with him a considerable sum of money, along with documents and maps… It seems he may have been caught embezzling from the Jihadist terrorist group and decided that defecting to [...]
“Ethical Investing” from Countries Overrun With Corruption?
On August 30, 2012 · In "Ethical Investment", Countries, Egypt, Indonesia, Iran, Iraq, Islam, Islamic Finance, Lebanon, Libya, Malaysia, Pakistan, Saudi Arabia, Sharia Compliant, Shariah Finance, Somalia, Sudan, Syria, Yemen
Transparency.org has publishes a Corruption Perceptions Index that rates the level of corruption in the world’s nations. The most recent year for which there is data is 2011. The results are instructive for observers of Shariah Compliant Finance. Shariah-Compliant Finance is often touted by the financial jihadists as “ethical” investment. There are a variety of [...]
U.S. officials said last week that they seized $150 million connected to a scheme in which entities linked to Hezbollah allegedly used the U.S. financial system to launder money through West Africa and back to the group’s base of Lebanon. The seizure stems from a civil lawsuit filed last year by federal prosecutors in Manhattan [...]
The excellent organization United Against Nuclear Iran issued a report just before the Independence Day holiday on the role of Lebanese banks in providing funding for Hezbollah… UANI Reveals Lebanese State-Sponsored Iran/Hizballah Money Laundering Scheme that Fraudulently Supports Lebanon’s Sovereign Debt Market, Calls for Bondholder Divestment UANI Investigation Uncovers Scheme to Artificially Support Lebanon’s Sovereign [...]
WASHINGTON – The U.S. Department of the Treasury today designated four individuals and three entities involved in laundering the proceeds of narcotics trafficking for drug kingpin Ayman Joumaa. Treasury also designated a Colombia-based individual under its terrorism authority, Executive Order (E.O.) 13224, for directing Hezbollah’s fundraising activities in the Americas. This individual was previously designated under [...]
A year ago SFW reported on a Toledo, Ohio couple who had conspired to send money to the Jihadist terrorist group Hezbollah: http://www.shariahfinancewatch.org/blog/2011/05/24/ohio-lebanese-american-couple-pleads-guilty-in-hezbollah-terror-funding-case/ This week the husband, Hor Akl, was sentenced to just over 6 years in prison for his role in the scheme. This sentence is so lenient as to be insulting to the [...]
The Yassine family of Austin, Texas is apparently quite the enterprising group. Led by Hussein “Mike” Yassine, the Yassines were quite diversified. They own 8 bars. According to law enforcement authorities they are also a one-family crime wave. They are involved in murder, money laundering, drug dealing–and they have a brother back in Lebanon who [...]
The Washington Institute for Near East Policy has published a good report on the Jihadist terrorist group Hezbollah’s (spelled in the report as “Hizballah”) criminal activities, their money laundering and finance activities in particular, which will no doubt be of interest to SFW readers. Here are some excerpts and a link to the full report: [...]
Hezbollah is often referred to as the “A” team of terrorist organizations, with capabilities, support and financing unsurpassed in the world of jihad. In fact, many analysts in the US military, intelligence and law enforcement communities worry more about Hezbollah than they do about Al Qaeda. It has been known for decades that Hezbollah works [...]
The US Department of the Treasury took action against the Lebanese Canadian Bank SAL this week, charging that the bank facilitates Jihadist terrorist group Hezbollah’s money laundering activities. In its 14 page report the Treasury Department designated the bank as being of “primary money laundering concern,” the effect of which is to place sanctions on [...]
Sukuk “Alert”
On June 23, 2010 · In Abu Dhabi, Debt Bonds, Dubai, GE Capital, Indonesia, Islamic Bonds, Islamic Finance, Jordan, Kazakhstan, Kuwait, Lebanon, Malaysia, Pakistan, Saudi Arabia, Shariah Bonds, Shariah Finance, Sudan, Thailand
Official and private entities in Jordan, Indonesia, Abu Dhabi, Malaysia, Saudi Arabia, Qatar, Dubai, Luxembourg, Sudan, Pakistan, Kazakhstan, Lebanon, Kuwait, Thailand, Islamic Development Bank and General Electric (GE) all are contemplating or planning Sukuk (Islamic bond) offerings in the near future… http://www.bloomberg.com/news/2010-06-22/jordan-indonesia-islamic-development-bank-plan-sales-islamic-bond-alert.html
A Shameless, Shallow Advertorial for Shariah Finance from Oxford Analytica and Forbes.com
On December 12, 2009 · In Abu Dhabi, Credit Dirivatives, Debt Bonds, Defaults, Derivatives, Dubai, Dubai Investment Group, Dubai Islamic Bank, Economic Crisis, Emirates, Financial Institution, Hezbollah, HSBC, Investments, Iran, Islam, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Finance, Islamic Law, Kuwait, Lebanon, Qaradawi, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Boards, Shariah Bonds, Shariah Councils, Shariah Finance, Shariah insurance, Shariah Law, SUKUK, Takaful, Taliban, Usmani
Malcom Forbes must be spinning in his grave. His namesake publication’s web site has published an article which basically promotes a financial and economic system which by its very nature seeks to replace capitalism and our free enterprise system: http://www.forbes.com/2009/12/10/islamic-finance-after-dubai-business-oxford-analytica-islamic-finance.html?feed=rss_business In fact, the article reads less like journalism and more like a press release from [...]
Just a few days ago, the Kuwaiti News Agency (KUNA) was proclaiming that Islamic banking was thriving in Lebanon. It appears that all is not actually so great in Lebanon when it comes to Islamic finance, but we won’t hold our breath waiting for KUNA to report this story. It seems Hezbollah has gotten its [...]
Once again courtesy of the Kuwait News Agency (KUNA), we get a nice fictional piece about the performance of Shariah banks in the current economic crisis…and the news that the industry is thriving in Lebanon. http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2042518&Language=en
A prominent Lebanese businessman was charged over the weekend with embezzlement, distributing invalid checks and violating Lebanese fiscal laws in a case that local media have estimated could represent a loss of hundreds of millions of dollars to investors. Salah Ezzedine, a financier and business mogul from Lebanon’s Shiite Muslim community who has ties to [...]
The Dow Jones Islamic Index, a product which has already caused embarrassment for Dow Jones when it was fully disclosed that the hateful Jihadist Mufti Taqi Usmani sat atop its Shariah advisory board last year, is now set to expand by 11 countries to 68 total nations. Nothing is more illustrative of the march of [...]
Seventeen people were arrested in Curacao for alleged involvement in a drug trafficking ring with connections to Hezbollah, police in the Dutch Caribbean island said Wednesday. Some of the proceeds, funneled through informal Middle Eastern banks, went toward supporting groups linked to the militant Hezbollah organization in Lebanon, according to Casseres. The smuggling ring also [...]
Human Rights Abuses contine in the Middle East, with no outcry from our women’s groups, or women’s studies programs in the Universities. They brush this off as being “cultural” and want to stay out of it. We must not let this continue in the ME, Africa, USA, anywhere! comments by Allyson Rowen Taylor AFP, AMMAN [...]
This accord however, does not say a thing about attacking non Muslims! http://patdollard.com/wp-content/uploads/hezbollah-salute.jpg The Associated Press Monday, August 18, 2008 BEIRUT, Lebanon: Lebanon’s militant Hezbollah group has signed an accord with some local Sunni factions to defuse sectarian tension. More than 100 people have died in sectarian fighting in Lebanon so far this year. [...]
http://newsimg.bbc.co.uk/media/images/39207000/jpg/_39207281_short_203.jpg Clare in all her glory. The Gallowayization of Clare Short continues apace: Totallyjewish.com reports: A former cabinet minister was roundly condemned by fellow MPs and community leaders this week after revealing that a recent visit she paid to Lebanon had been funded by a television station accused of broadcasting ‘horrific anti-semitism’. Clare Short wrote [...]
The Intelligence and Terrorism Information Center Newsletter Attached please find information about : Strong criticism was heard in Lebanon following the celebrations marking the return of Hezbollah‘s prisoners, notably Samir Kuntar. HTML Download PDF file (80 KB) http://www.terrorism-info.org.il
Kuwaiti firm buys Monoprix, Geant Casino By The Daily Star Friday, August 01, 2008 http://tinyurl.com/6drwjp Sultan Center, a Kuwait-based company, announced that it has fully acquired Lebanon’s Monoprix and Geant Casino supermarkets for $108 million. In a statement to the press on Thursday, Sultan Center said that the agreement between Michel Abchi, [...]
For Immediate Release July 14, 2008 Contact: Nitsana Darshan-Leitner 212 591 0073 First American Correspondent Bank to be Sued for Aiding Terrorist Organization Facing $650 Million in Damages 85 Victims of Hizbollah Terrorist Rocket Attacks File Unprecedented Civil Suit Against American Express Bank in New York Court Eighty five American, Israeli and [...]
Hat tip-Rachel E. Your tax dollars at work: US diplomat in Lebanon attacked by Hezbullah while viewing USAID projects <http://bp2.blogger.com/_n7RltmTdk-g/SFmbR904HGI/AAAAAAAAD5U/qtrp0cwa56E/s1600-h/Michele_J_Sison.jpg> The motorcade of the most senior American diplomat in Lebanon, Michele Sison <http://en.wikipedia.org/wiki/Michele_J._Sison> , was attacked by Hezbullah thugs on Wednesday in the town of Nabatiyeh in southern Lebanon. [...]
Zaher Barakat: Lebanon to London By Michael Kavanagh http://www.ft.com/cms/s/2/c2285a50-38ee-11dd-8aed-0000779fd2ac,dwp_uuid=02e16f4a-46f9-11da-b8e5-00000e2511c8.html Published: June 16 2008 01:09 | Last updated: June 16 2008 01:09 Zaher Barakat grew up in war-torn Lebanon – an experience that made him determined to succeed in business. As peace returned, he witnessed the role played by the World Bank, Unicef and Lebanese [...]
Hat tip-Margo I. Funding terrorism: Hezbollah uses its websites to collect donations for itself and for its affiliated institutions in Lebanon and elsewhere in the world. The donations are deposited in bank accounts in Lebanon and Europe. Intelligence & Terrorism Information Center – Israel Intelligence Heritage & Commemoration Center (IICC) May 26, 2008 [...]
Hezbollah’s bags of American Dollars-ZAKAT at work from Islamic Finance!
On January 29, 2008 · In Dhimmitude, Fatwa, Financial Institution, Islam, Islamic Banking, Lebanon, Sharia Compliant, Shariah Law, Terror, Zakat
Hezbollah‘s bags of cash By W. Thomas Smith, Jr Monday, January 28, 2008 http://www.townhall .com/columnists/ WThomasSmithJr/ 2008/01/28/ hezbollah% e2%80 %99s_bags_of_ cash?page= full <http://www.townhall .com/columnists/ WThomasSmithJr/ 2008/01/28/ hezbollah% e2%8 0%99s_bags_of_ cash?page= full&comments= true> &comments=true For years it’s been reported that Hezbollah – the Lebanese-based Shiia terrorist organization that by any military standards fields one of the [...]
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