Wikileaks: Private Saudi Donations Fund Jihad in Philippines
On September 6, 2011 · In Abu Sayyaf, Jemaah Islamiyah, Jihad, Jihadist Groups/Individuals, Phillipines, Saudi Arabia, Terror, Terror Funding, terrorism, Wahhabism, Zakat
US diplomats openly acknowledged in the secret cables leaked by Wikileaks the role Saudi Arabia was playing in funding the Islamic groups in the Philippines and declared that it must be stopped. This is a common theme around the world. Saudis fund Jihad with “private” donations (often from members of the royal family) while the [...]
Here we go again: Zakat goes to fighters
On August 25, 2011 · In Islamic charities, Islamic Law, Jihad, Sharia Compliant, Shariah Law, Terror Funding, Zakat
One of our favorite pastimes here at SFW is to uncover internet articles and postings which reveal the true nature of zakat–the uses of zakat that the financial jihadists would just as soon not have us kafirs learn about. We have found numerous references over the years to zakat being used to fund Jihadists. Here [...]
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 [...]
Some REALLY Bad Ideas on How to Solve America’s Debt Problems
On August 9, 2011 · In Creeping Shariah, Da'Wah, Debt Bonds, Defaults, Economic Crisis, Fatwa, Islamic Banking, Islamic Bonds, Islamic Economics, Islamic Finance, Islamization, MEDIA, Media, Nakheel, Sharia Compliant, Sharia Products, Shariah Banking, Shariah Bonds, Shariah Finance, Shariah Law, stealth jihad, SUKUK, U.S. Policymakers, USA, Usmani, Usury, Zakat
Not surprisingly, the financial jihadists are promoting Shariah as the solution to America’s debt problems. We’ve seen this before. Back in 2008, in the wake of the subprime mortgage debacle and near-financial meltdown, the financial jihadists insisted that Shariah-compliant finance would have avoided the whole mess. Then, in 2009, defaulting on sukuk (Islamic bonds) just [...]
Kenyan Tourism Minister Accused of Funding Jihad
On August 8, 2011 · In Al Shabaab, Islam, Islamic charities, Islamic Law, Jihad, Jihadist Groups/Individuals, Kenya, Somalia, Terror, Terror Funding, terrorism, Zakat
Najib Balala is the Minister of Tourism in Kenya and, by all accounts, a gregarious, ambitious public official. He was educated in a US university in Africa and he professes to be a devout Muslim. Recently, he has come under fire for possible financial arrangements in which donations to a controversial mosque may be finding [...]
Al Qaeda’s Financial Ties to Iran Exposed
On August 8, 2011 · In Al Qaeda, Iran, Islamic charities, Jihad, Jihadist Groups/Individuals, Kuwait, Terror, Terror Funding, terrorism, Zakat
During the 2008 presidential campaign, the Obama campaign belittled Senator John McCain for alleging ties between Iran (which is Shiite-ruled) and Al Qaeda (which is a Salafist Sunni organization). At the time, your SFW editor wrote an article for National Review on the subject: http://www.nationalreview.com/articles/223992/iranian-entanglements/christopher-w-holton Now, more than three years later, Obama’s US Treasury Department [...]
Islamist Parties Pushing Shariah Economic Agenda
On July 18, 2011 · In Egypt, Islamic Economics, Islamic Finance, Islamic Law, Islamization, Shariah Finance, Shariah Law, Zakat
Unlike liberals, leftist or social democratic political parties, their Islamist counterparts are hardly defined by their economic perspective. Religious parties always built principles and guidelines around a religious-ideological axis, meaning economic ideology was never an immutable cornerstone of what they believed in, or ran on. But as Islamic parties inhale their first breaths as recognized [...]
Al-Baraka Banking Group, the leading Islamic banking group based in Bahrain, announced the organization of the 32nd session of its annual symposium on Islamic economic system on Aug. 10-11 at the Jeddah Hilton. The symposium, to be held under the chairmanship of Saleh Kamel, chairman of Al-Baraka Banking Group, will discuss a number of emerging [...]
Islamic parties in Kurdistan are controversially claiming the right to receive alms, known aszakat, during the holy month of Ramadan as they struggle to raise revenue. They claim they can receive alms because of their Islamic ideology, while critics say political parties are not religiously entitled to monetary contributions from the public. Musa Habib, a Kurdistan [...]
A government official in Malaysia has stated that businesses and individuals should pay zakat, even though Malaysia has no laws requiring that they do so. There is definite basis in this admonishment in Shariah law. Consider this quote from “Understanding Islamic Law (Shari’a)” by Raj Bhala, published by LexisNexis and used as a text in [...]
Yesterday explosions rocked Mumbai, India, killing more than a score of innocent people. This is the latest in a series of attacks that have struck that city over the past two decades. There certainly is an economic cost to Jihadist terrorism and the Wall Street Journal points that out in a column published today… India’s [...]
Another former Gitmo resident turned Al Qaeda fundraiser
On July 5, 2011 · In Al Qaeda, Islamic charities, Jihad, Saudi Arabia, Terror, Terror Funding, terrorism, Yemen, Zakat
The good folks at Money Jihad blog came across a story we overlooked last month and, because it involves financing for Al Qaeda and a former Guantanamo prisoner, we felt it important to post it here. Hat tip to Money Jihad via Miami Herald… The State Department Thursday added a freed Guantánamo detainee to its [...]
The good folks over at Jihad Watch have posted a very important story about the Saudi-controlled International Islamic Relief Organization, a terrorist NGO that funds Al Qaeda in Pakistan: From Jihad Watch: We consistently see the juxtaposition of armed jihad and social services in groups like Hamas and Hizballah, and other organizations in the Muslim world, [...]
Accountants play a vital role in the world of finance. They are supposed to be the unbiased analysts and observers of data who help keep the rest of us from making egregious mistakes either based on emotion or because we simply lack the sophistication to decipher the numbers to fully understand a financial arrangement. Unfortunately, [...]
Over at Money Jihad blog, they came across a direct solicitation from an Ugandan Islamic Charity asking for money to “fight Christians…” http://moneyjihad.wordpress.com/2011/06/20/muslim-charity-asks-us-for-money-to-help-to-fight-christians/
The reason SCF is presented to the world as an “ethical” or “socially responsible” vehicle is not because Islamic Finance limits usury through interest-free products or provides bankers with halal ways and means to profit. The reason SCF is considered socially responsible is because it is a wealth redistribution scheme. One fortieth or 2.5% of the funds are [...]
One concern about Shariah Finance is the whole shadowy practice of “purification,” in which “ill-gotten gain” is donated to Muslim charities selected by Shariah advisors to literally “purify” a fund or financial institution that may have garnered income or gains from some haram (forbidden) source. There is obviously a moral hazard here with the potential [...]
Maybank Islamic today distributed a total amount of RM 7.07 million to 15 State Zakat centers as well as to charity bodies and organizations in Malaysia, an increase of RM2.06 million compared to the financial year of 2009. The total amount of zakat is derived from the profits earned by Maybank Islamic Berhad for the [...]
Linked below is a nice article that ties zakat and Islamic charities to Muslim Brotherhood organizations here in the USA, including mention of an organization we have not previously come across called “Muslim Advocates.” Muslim Advocates seems to oppose just about any effort to investigate Jihad and claims to provide accreditation for Islamic charities… http://www.americandailyherald.com/20110511497/audrey-russo/got-zakat-cretins-in-control-will-comply [...]
CNN has a pretty good article that summarizes just where Al Qaeda is getting its money. Regular readers of Shariah Finance Watch will not be surprised by what CNN points out. CNN’s article identifies 4 primary sources of funding for Al Qaeda: “…wealthy individual patrons, infiltrated charities, criminal activities and legitimate businesses.” They are incorrect [...]
In the United States, rules on charitable giving have made it harder for Muslims to fulfill their religious obligation,” President Obama claimed during his 2009 Cairo speech. “That is why I am committed to working with American Muslims to ensure that they can fulfill zakat.” This statement contained two falsehoods. Read more at National Review… [...]
Zakat is a form of tithing in Islam in which Muslims who are able to do so donate 2.5% of their wealth (5% for Shia). Zakat is very important in Islam and is considered one of the five pillars of Islam. Modern administration of zakat often involves Islamic charities and governments. Zakat is an issue [...]
The panelists of a session on Shariah finance and banking at the Jeddah Economic Forum were of the view that Saudi Arabia, which has made rapid strides in Shariah finance, could be a role model in promoting it among both Islamic and even non-Islamic countries. We couldn’t agree more. After all, Saudi Arabia is one [...]
Kuwait Ambassador to Brazil Yusuf Ahmad Abdul-Samad delivered to Director of Latin American Institute for Islamic Studies Dr. Mohammad Al-Rahdi a contribution made by Kuwait Zakat House, last week. The contribution was made at the Kuwait embassy in Brasilia, in presence of Executive Director of the institute Abdelbagi Osman. The meeting discussed activities of the [...]
Last week we posted a brief report about how the Wikileaks documents had revealed that in 2006 the US State Department was worried about Shariah banks funneling money to Jihadist terrorist organizations. The Telegraph has a bit more detail elaborating on that subject: “…the British Government was aware of “profound shortcomings” in the regulation of [...]
Money Jihad: Terror Donations Followed Laws of Allah
On March 17, 2011 · In Indonesia, Islamic charities, Jihad, Terror, Terror Funding, terrorism, Zakat
From Money Jihad blog: The court defense of two terrorist financiers in Indonesia show that they are true believers in the rewards of the money jihad. Donors behind Abu Bakar Bashir’s funding operation for a terrorist training camp say that they were making their donations in order to obtain “rewards from Allah.” Their actions were perfectly legal, even required, within [...]
Al Qaeda called a ‘money making machine’ by British official–that’s not even HALF the story
On March 17, 2011 · In Al Qaeda, Hamas, Hezbollah, Islamic charities, Islamic Finance, Islamic schools, Jihad, madrassas, Money Laundering, Salafism, Saudi Arabia, Sharia Compliant, Shariah Finance, Taliban, Terror Funding, terrorism, Uncategorized, Wahhabism, Zakat
The article below from The Telegraph in Great Britain quotes a British Foreign Office director as describing Al Qaeda as a “money making machine,” due to Al Qaeda in the Islamic Maghreb’s practice of ransoming hostages for money. Evidently, Italy, Spain, Austria and Switzerland have all paid such ransoms to the Jihadist terrorist organization. This [...]
One of the chief concerns surrounding Shariah-Compliant Finance is the whole issue of zakat, a form of tithing in Islam. According to Shariah law texts, one of the approved destinations of zakat is to “those fighting in the way of allah,” defined as those who are conducting Islamic military operations who are not on the [...]
Shariah bank funnels zakat to militants
On March 8, 2011 · In Bangaladesh, Islamic Banking, Islamic charities, Islamic Law, Jihad, Shariah Banking, Shariah Law, Terror, Terror Funding, terrorism, Zakat
Money Jihad has done it again. This time they bring to us the very important report that a Shariah-compliant bank in Bangladesh has been sending zakat money to Jihadist terrorists… Government officials have accused a sharia bank in Bangladesh of diverting its corporate zakat to fund Islamist militants. When hardcore Islamists are named to the [...]
Every so often, it is useful to be reminded that zakat is used to fund violent Jihad, according to Islamic law and Islamic scholars. Here is our latest evidence: a Q&A on a web site dealing with many aspects of zakat. Q: Who are entitled to receive zakat? A: 1. The poor 2. The needy [...]
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