First Islamic charity fund plans Q1 launch
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…