Financial Pressure Builds on Qatar
posted by Christopher W. Holton Qatar has come under intense pressure from its Sunni Gulf neighbors for its close ties to Iran, support for the Muslim Brotherhood and funding by wealthy Qataris of the Islamic State. Now that pressure is extending outside of the Persian Gulf region… France’s justice minister Francois Bayrou has said France […]
by Christopher W. Holton We’ve seen this before with Jihadists in Europe, but this is especially infuriating. The Jihadis who carried out the horrific terrorist attacks in Paris and Brussels were on the welfare rolls and collected tens of thousands of euros from the public treasury… https://www.jihadwatch.org/2016/08/paris-and-brussels-jihad-killers-got-56000-in-welfare-while-planning-attacks
France continues t0 get more serious in the battle against Jihad, but these measures are sure to be controversial. It’s not clear, on the other hand, that they will be effective against Jihad… France steps up monitoring of cash payments to fight ‘low-cost terrorism’ France will step up monitoring of cash payments, withdrawals and small […]
Six natives of Chechnya, detained in Paris on charges of involvement in recruiting Muslims for the Jihad in Syria, have been arrested in France. They were charged with involvement with terrorist groups and financing terrorism. Investigators believe that the defendants helped to send Jihadi recruits to Syria to fight, as well as fundraising and logistic support. http://eng.kavkaz-uzel.ru/articles/30812/
SFW has extensively covered Qatar’s role in funding Jihad. At least one country appears to be taking steps to limit Qatar’s influence over mosques within its borders… The French government has announced a series of measures to clamp down on radical Islam being spread in mosques, and wants to cut financial support from countries like […]
The Jihadists who killed 17 people in three days last week in Paris purchased their Kalashnikovs and rocket launchers in Brussels for less than 5,000 euros. They got their weapons from an arms dealer in Brussels, a known figure in Brussels’ underworld who turned himself in to police on Tuesday. According to the local press, the man sold […]
Money Jihad Blog: Following the Francs
The excellent Money Jihad blog has a terrific analysis of the money flow to the Jihadists who carried out the horrific attacks in Paris last week…It is a must-read: https://moneyjihad.wordpress.com/2015/01/09/follow-the-francs-the-kouachi-brothers-links/
After Al Qaeda in the Arabian Peninsula (AQAP) claimed responsibility for planning the attack against Charlie Hebdo, former CIA deputy director Mike Morell told CBS Radio News yesterday that, “This is gonna put a lot of money in AQAP’s pockets. One of the ways you raise money in the terrorist world is to have a […]
French Jihadi: Financing Came from Anwar al Awlaki
One of the two brothers who killed 12 in a massacre at French satirical magazine Charlie Hebdo last week said he received financing from Al Qaeda in the Arabian Peninsula Imam and leader Anwar al Awlaki in Yemen. Cherif Kouachi, who was killed along with his older brother by police on Friday after a siege at a printing […]
Libya’s sovereign wealth fund is suing French bank Societe Generale in a British court for $1.5 billion for allegedly channeling bribes to allies of the son of slain dictator Muammar Qaddafi. The Libyan Investment Authority is seeking compensation from the bank and from Walid Giahmi, an alleged associate of Saif al-Islam Qaddafi, for what it […]
Four Frenchmen held captive for three years by an Al Qaeda affiliate in Niger were reunited with their families yesterday , amid reports that a ransom of at least €20 million ($28 million) had been paid for their release. The four men were kidnapped by Al Qaeda in the Islamic Maghreb in northern Niger in […]
From the “truth is stranger than fiction file.” A French fast food restaurant was robbed by a Jihadi cell to pay their way to travel to fight in Syria… Why didn’t they just ask the US government for a grant? http://moneyjihad.wordpress.com/2013/09/22/french-burger-joint-robbed-to-fund-syrian-jihad/
Paul Aster has an excellent report over on the Investigative Project’s web site about a federal judge’s decision last week clearing the way for French banking giant Credit Lyonnais to face a civil trial for allowing funds to reach the Jihadist terrorist group HAMAS through an Islamic charity: Judge Clears Path for Trial Against French […]
French Politician: “Our friend Qatar is financing Mali’s Islamists”
For years Western intelligence has known that the Wahhabi-run nation of Qatar has been financing Jihad. The financing has come in the form of protection payments from the government itself to keep Jihadists from attacking the tiny monarchy and in the form of support payments (zakat and otherwise) from wealthy Qatari individuals. France has now […]
A former U.S. ambassador to Mali has alleged that France paid a $17 million ransom to free hostages seized from a French mining site – cash she said ultimately funded the al-Qaeda-linked Islamist militants its troops are now fighting. French officials, whose soldiers are pushing north into the territory where the missing captives are believed […]
Sukuk Issuance Hit $131 Billion in 2012
KFH Research reports that Shariah-compliant bond (sukuk) issuances reached $131 billion during 2012, a 54% increase over 2011. As we have reported previously on SFW, sukuk are fast becoming the weapon of choice for promoting Shariah through Shariah-Compliant Finance. Here is how that works: • As we know from historical records and contemporary statements from […]
A man convicted of attempting to fund an Al Qaeda affiliate has been sentenced to just 8 years in prison by a French court. This seems like a ridiculous sentence for someone who was trying to send money to the world’s most notorious Jihadist terrorist organization… Irfan Demirtas, 53, was found guilty of financing terrorism […]
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 […]
European Nations Fund Jihad Through Ransoms
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 […]
Just in time for the victory by socialists, facilitated at least partially by Islamist backing, Shariah-Compliant Finance has entered the real estate market in France… La Française AM has launched the first Sharia compliant OPCI – collective real estate vehicles with simplified investment rules with leverage – into the French market as part of the […]
In the wake of the Toulouse Jihadist terror attacks, French President Nicholas Sarkozy has barred Jihadist cleric Yusuf al-Qaradawi from visiting France. This should not come as a complete surprise, since Qaradawi is already banned from Britain and the USA. But many people are not aware of Qaradawi’s background and involvement in Shariah-Compliant Finance. Qaradawi […]
Over on Townhall.com, Daniel Mitchell has some details about how Mohammed Merah, who killed 3 French paratroops and several civilians, including schoolchildren in barbaric attacks, lived in France on the public dole. Unfortunately this seems to be typical, rather than an exception, as Mitchell points out with examples in his column. The Jihadis are using […]
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 […]
Typical Propaganda on Islamic Bonds from Saudi State-Controlled Media
The article linked below has to be taken with a large grain of salt since it comes from the Saudi Gazette. There is nothing even resembling a free, independent press in Saudi Arabia and the Saudi royals have a huge vested interest in promoting Shariah-Compliant Finance both in the kingdom and globally. Not surprisingly, this […]
Bahrain-based Shariah Bank Cuts Size of Sukuk Offering as Costs Rise
Bahrain’s Albaraka Banking Group reduced the size of a scheduled March sukuk (Islamic bond) offering to $250 million-$300 million from the planned $500 million, its Chief Executive Officer Adnan Ahmad Yousuf announced. The cost of borrowing through sukuk has risen since anti-government protests began in Egypt two weeks ago on concern political instability may spread […]
Dubai to export Shariah Finance to Europe
Dubai, scene of massive defaults on sukuk two years ago, is now set to export Shariah-Compliant Finance to Europe. Note that this dawah activity is run by an arm of the UAE government… Dubai’s financial services industry is fast emerging as a leading catalyst in the development of Islamic finance products and services to Europe, […]
A Qatar Islamic Bank-led joint venture will sell Shariah-based retail banking products in France. QIB has signed a memorandum of understanding with BPCE, France’s second largest banking group, to establish a joint venture financial institution that will develop and market Shariah-based retail banking products in the European country. “We have big plans for France and […]
Kuwaiti becomes member of French Institute of Islamic Finance
Kuwaiti law researcher Mohammad Al-Kandiri has become a member of the French Institute of Islamic Finance. We post this mainly because of the troubling revelation that France even HAS an Institute of Islamic Finance… http://www.kuna.net.kw/NewsAgenciesPublicSite/ArticleDetails.aspx?id=2046893&Language=en
The growth of Shariah Finance has resulted in Western institutions offering degree, diploma and training courses in Islamic finance. This amounts to Western training in Shariah. Dauphine University in Paris will begin offering a master’s program in Islamic finance very soon. Reading University in the UK is offering courses in Islamic finance. HSBC, the big […]
France Adjusts Laws To Allow Islamic Banking (Audio)
http://www.npr.org/templates/story/story.php?storyId=113742191&ft=1&f=3
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