posted by Christopher W. Holton Reports say Taliban’s incomes have increased this year against the previous years. A report by the BBC shows that Taliban annually earns more than $1.5 billion from drug dealing, illegal mining, collecting electricity bills and financial support from a number of countries. The report said that this year Taliban’s financial […]
posted by Christopher W. Holton I must warn you before you read the linked story below from the New York Times: it may make you sick to your stomach. If true, the chain of stupid decisions and corruption, along with the web of political connections, paint a picture that is hard to believe. Why is […]
posted by Christopher W. Holton The Jerusalem Post published a report yesterday detailing how Jihadist organizations finance their operations through a variety of smuggling and criminal enterprises. Jihadist groups are said to be able to raise $300 million from such activities in Pakistan and Afghanistan in particular. Worse yet, the US consumer is indirectly funding […]
The Pentagon is under fire for making a ransom payment to an Afghan earlier this year as part of a failed bid to win the release of Army Sgt. Bowe Bergdahl http://www.washingtontimes.com/news/2014/nov/19/inside-the-ring-ransom-paid-for-bergdahl/
Opium Trade Flourishes in Afghanistan; Taliban Benefit
Despite previous efforts by the US to reduce Afghan dependence on the opium trade, opium production and exports are soaring once again in Afghanistan. This is bad news in and of itself, but the worst aspect is that it enriches Taliban Jihadis… “The Taliban’s involvement with the narcotics trade has increased steadily over time,” Colin […]
Opium Continues to Fund Taliban Jihad
Despite a US-led multi-billion dollar, multi-year counter-opium campaign in Afghanistan, the opium trade made a dramatic comeback in 2013 and is once again funding Taliban jihadi operations, setting the stage for a Taliban comeback as the US reduces its military presence. “…several areas once declared poppy-free by the United Nations Office on Drugs and Crime […]
Taliban Heroin Seized in Georgia
Georgian Interior Minister Alexander Chikaidze said a record amount of drugs, 2.7 tonnes of liquid heroin, was seized by law enforcement officials two weeks ago en route to Europe. The heroin belonged to the Taliban. “The market value of the cargo is some $400 million” the minister said. This is one indicator of drugs being sold […]
Report: Taliban continued to be funded from Karachi
Taliban operative reveals the militant organization continues to use Karachi as a base for financing its reign of terror. During interrogation Ehsanullah Burki revealed he was tasked with sending Rs. 10 million to Waziristan for operation expenses. http://www.thenews.com.pk/article-154767-Detained-operative-reveals,-Karachi-funding-base-for-Waziristan
Examining Taliban Funding Sources
To survive and sustain and meet its financial requirements, Taliban smuggles drugs, extorts money from construction companies and holds government officials on ransom. Local media of Afghanistan, however, points the finger at Arab Sheikhs, accusing them of funding the Taliban forces in Afghanistan. According to a report in daily Mehvar, the money is collected from Shiekhs […]
If true, this indicates that the Bergdahl deal didn’t just replenish Taliban leadership, it also replenished their coffers. North said he knew there was at least a $1 million dollar ransom being demanded for Bergdahl some time ago so he estimated the price paid to release the hostage must be close to $5-6 million now. “Someone […]
Afghanistan‘s Central Bank, Da Afghanistan Bank (DAB) has signed an agreement with a non-profit independent organization ‘Harkat’ for implementing the Shariah compliant banking system in the country.
Deputy Chief of Mission of the Embassy of Afghanistan in India, Mr. Mohammad Ashraf Haidari said, “The Taliban’s terror campaign against the people of Afghanistan and our achievements of the past 12 years, in partnership with the international community, is financed, equipped, and ideologically motivated outside Afghanistan.” http://www.khaama.com/taliban-financed-and-equipped-outside-afghanistan-haidari-2836
An elderly Muslim cleric on trial for allegedly funneling tens of thousands of dollars to the Pakistani Taliban terrorist organization vehemently denied Tuesday any connection to Islamic extremists and insisted he does not harbor anti-U.S. views. Today, he will, again, head to court. Taking the witness stand in his own defense, 77-year-old Hafiz Khan rejected […]
West Point Report: Haqqani network supported by “rich donors”
By way of CNN, we have still more evidence of financial support for violent jihad by wealthy Muslims in the Persian Gulf region. The Haqqani network is one of the most virulent Jihadist groups in Afghanistan and Pakistan and has been battling US troops for several years. It is closely allied with both Al Qaeda and […]
More Details on Funding for the Taliban
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 have appealed for donations on one of their websites, to finance the Jihad against non-Muslims. Complete with telephone hotlines and email addresses, the appeal was posted on a Taliban website asking Muslims worldwide to help the rebels in what they say is a “Jihad”, or a holy war, against non-Muslim “invaders”. … “In […]
British taxpayers’ money meant for destroying Afghanistan’s poppy crop was instead used to fund Al Qaeda. The Daily Mail quoted documents leaks by Wikileaks as saying that over 300,000 pounds of British aid budget was paid to Afghan politician, Mullan Haji Rohullah, but he used it to support Al Qaeda while continuing to traffic in […]
Afghanistan’s central bank expects an Islamic banking law to be enacted by September. The central bank’s sharia board will meet Sunday to finalize the law, said Muhammed Qaseem Rahimi, director general of the central bank’s Financial Supervision Department. It will then go to the Justice Ministry and parliament for approval. “Most of the people who […]
A report published by the London School of Economics asserts that the Pakistani intelligence agency not only funds and trains Taliban fighters in Afghanistan but is officially represented on the movement’s leadership council, giving it significant influence over operations. Research in support of the report strongly suggested support for the Taliban was the “official policy” […]
Another Saudi Charity Implicated in Funding Terrorism Continues Operations
The excellent Counterterrorism Blog has vital information today on Al-Haramain, a Saudi charity that has been fingered by the UN and the US Treasury Department for financing terrorism. What have the Saudis done about it? Not a thing…it’s hard to prosecute someone for doing what Shariah says to do I guess… http://counterterrorismblog.org/2009/09/al-haramain_foundation_in_news.php
The US special envoy to Afghanistan and Pakistan, Mr Richard Holbrooke, says that Taliban militants are receiving more funding from their sympathisers abroad than from Afghanistan’s illegal drug trade. Mr Holbrooke says: “More money is coming from the Gulf than is coming from the drug trade to the Taliban.” Holbrooke thinks the governments in the […]
Yesterday a British newspaper attempted to spell out for its readers just what Shariah is. Their efforts were not successful. In the article, author Nick Harries, claims that in Saudi Arabia and Sudan, Shariah exists alongside secular law. This is completely incorrect. Shariah is the full and final authority in Saudi Arabia, Sudan and Iran […]
The NEFA Foundation has obtained a transcript of an audio message from Sheikh Mustafa Abu al-Yazid (a.k.a. “Sheikh Saeed”). In May 2007, Al-Qaeda’s official As-Sahab Media Wing identified al-Yazid as “the overall head of al-Qaeda Organization in Afghanistan.” According to As-Sahab, al-Yazid “took part in founding al-Qaeda in 1989, and is a member of the […]
Islamic charities continue to fund the Taliban
Regular readers of SFW know that we have devoted a considerable amount of space to covering financial support from Muslim charities for Jihadist organizations: https://shariahfinancewatch.org/category/islamic-charities/ This is of particular relevance to Shariah-Compliant Finance because of the practice of zakat–a form of required tithing in Islam. Shariah-compliant firms donate 1/40, or 2.5%, of their assets through […]
Periodically, SFW shines the light on the non-financial aspects of shariah, since the purpose of shariah-compliant finance in the first place is to promote shariah. Today we have two stories about human rights abuses under shariah authorities. The first comes to us from Taliban-controlled Afghanistan, where a couple was sentenced to death for eloping… http://news.bbc.co.uk/2/hi/south_asia/7997749.stm […]
Al Qaeda endorses Shariah-Compliant Finance
The NEFA Foundation has obtained and translated a German-language video recording of German Al-Qaida member Bekkay Harrach (a.k.a. “Abu Talha the German”) produced by the As-Sahaab Media Foundation. During the video, titled “Islam and the Finance Crisis”, Harrach asked, “Where are the taxes that the German people now need so urgently? They are spent in […]
The Result of Pakistan’s Separate Peace With The Taliban: The End of Women’s Rights
The article below from Dawn.com needs very little introduction. It vividly describes how the brutal Taliban use Shariah against women. This article should be made required reading for every financial CEO in the West that has decided to embrace Shariah through Shariah-Compliant Finance. http://dawn.net/wps/wcm/connect/dawn%20content%20library/dawn/news/pakistan/Whither-Swats-women–il
The Jihadists have beheaded another helpless civilian, this time a Pole. Unlike many nations, Poland appears to have a president with the right attitude. We wish the Poles godspeed as they seek to punish those who committed this atrocity.
The true nature of Shariah
Though this blog is dedicated to Shariah-Compliant Finance, no discussion of Shariah-Compliant Finance can be complete without constant reminders of the brutal, primitive doctrine which underlies Shariah-Compliant Finance. Shariah is an all-encompassing code of life that covers and applies to all aspects of Islamic individuals, culture, society, finance and law. The nations that apply Shariah […]
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