One of the chief concerns surrounding Shariah finance is related to the Islamic system of tithing known as zakat in which Muslims are required to donate 1/40 of their wealth to those in need.
This system has resulted in the creation of a huge array of Islamic charities, dozens of which have been implicated in funding terrorist organizations. This is no accident, since the Shariah laws which relate to zakat require that a portion of the money go toward those who are fighting for allah.
Now, for the first time, a new investment fund has been established to facilitate and maximize donations to Islamic charities. This situation needs to be watched very carefully because our enemies are adept at creating cut-outs and front organizations to funnel money to Jihad…
