A leaked report allegedly produced by the Tunisian Commission for Financial Analysis (CTAF) reveals an investigation into a prominent leader of Islamic Relief – the international Islamist charitable network founded in the U.K. and named by the United Arab Emirates as a terrorist organization – over concerns that monies given to Islamic Relief’s Tunisian branch […]
Tunisia will delay its planned issue of $500 million in Shariah bonds until the third quarter of the year… http://www.zawya.com/story/Tunisia_to_delay_USD500m_sukuk_issue_until_Q3_2015__minister-TR20150112nL6N0UR1V9X2/
Shariah Gaining Foothold in Africa Through Shariah Bond Offerings
African markets are starting to open to Shariah finance, primarily through governments’ debut sales of sovereign sukuk (Shariah bonds). Regimes across Africa are using Shariah bonds as a way to attract cash-rich Islamic investors, with South Africa making a $500 million issue in September and Senegal raising 100 billion CFA francs ($208 million) in June. The Tunisian government could […]
Report: Tunisia Targets Terror Financiers
Tunisia will freeze assets of individuals and entities with terrorism ties. Moveable assets, real estate, securities and financial instruments would be subject to the measure, the finance ministry announced on February 25th. The move is part of efforts to stop money laundering. The decision to enforce the policy now will help authorities tighten control over […]
The emergence of Shariah-compliant Finance in Tunisia is hardly surprising given the emergence of the Muslim Brotherhood and Salafist factions in the wake of the so-called “Arab spring.” According to Reuters, Shariah-compliant finance could gain as much as a 40% marketshare in Tunisia. A poll in Tunisia indicates that 54% of respondents would switch their […]
Islamic Charities Revealed: Bankrollers of Terror
Foreign Policy magazine recently published an excellent article on the role of Islamic charities in funding Jihadist terrorism, something we’ve been writing about here on SFW for several years now. Authors Daveed Gartenstein-Ross and Aaron Y. Zelin detail in the article how Islamic NGOs (Non-Governmental Organizations) are bankrolling terrorist organizations under the guise of “aid.” […]
Al Qaeda financier arrested in France
French counterterrorism police have arrested the administrator of a Jihadi website who is suspected of playing a key role in financing and recruiting for Al Qaeda and other terrorist groups in several countries. The suspect — whom prosecutors call a “formidable financier of the bloodiest terrorist groups’’ — was being questioned Tuesday by anti-terrorism judge […]
Al Qaeda turns to hostage taking across Africa to raise revenue
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 […]
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 […]
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 […]
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