posted by Christopher W. Holton The Australian Charities and Not-for-Profits Commission has 19 active investigations under way into terrorism financing according to the Australian Associated Press. The Commission has previously conducted and completed 34 such investigations. Seven charities have been “deregistered” as a result of those investigations. Long-time readers of SFW will recall that terrorism […]
posted by Christopher W. Holton Just another way in which jihad has cost the world so much in terms of money, not to mention human misery, economic disruption and the costs of increased security… Close to 1,600 victims of terror attacks have applied to the Financial Assistance Commission for compensation, according to the Justice Department. […]
posted by Christopher W. Holton Two Sydney, Australia men have been jailed in a $17 million money laundering scheme that, at the very least, operated “alongside” a terrorist sympathizer. Ahmad Ali and Fouad Moussa were sentenced in the New South Wales District Court after pleading guilty to the scheme. “In each case, the deposit was […]
posted by Christopher W. Holton The ignorance of shariah certainly plays a role in the cooperation by Christians and Jews in facilitating Shariah-compliant finance. For example, according to The Reliance of the Traveler, the widely distributed and read manual of Islamic sacred law, it is unlawful under shariah to assist the religion of the Jews […]
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 A religious group found to have illegally cleared and developed a rural block north-west of Sydney has been stripped of its charity status following an investigation by the national charities regulator. Mustapha Kara-Ali is the imam of Diwan Al Dawla, an Islamic-influenced guild which runs a religious retreat on a […]
posted by Christopher W. Holton In a rare case of true candor, the Canadian intelligence community has named several countries that it is “concerned” about with regard to terror finance. The 2018 Public Report on the Terrorism Threat to Canada. Syria, Iraq, Turkey, Lebanon, Jordan, Yemen, Qatar, United Arab Emirates as well as Afghanistan and Pakistan were all named in the report. Conspicuous […]
posted by Christopher W. Holton The United Kingdom’s Charity Commission, which regulates charitable organizations in the UK, has released a statement condemning the former management of Muslim Aid for failing to safeguard against funding “illegal groups.” Curiously, Muslim Aid folded not long ago and his been replaced by a new organization of the same name. […]
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 […]
posted by Christopher W. Holton We have long maintained that shariah-compliant finance is a modern day Trojan horse through which Jihadists seek to embed Shariah inside the West through non-violent economic means. Nowhere has this campaign been more successful in the West than the United Kingdom. Of course, the UK has already endured a civilization […]
posted by Christopher Holton Saudi Arabia, Egypt, the United Arab Emirates and Bahrain accuse Qatar of financing “extremist” groups, including the Muslim Brotherhood. The four nations sent Qatar a list of 59 individuals and 12 institutions that allegedly finance terrorism and receive support from Qatar. Among the most prominent names on the list is Abdul […]
posted by Christopher Holton Regular readers of SFW know that one of the chief concerns surrounding Shariah-compliant finance is the issue of Islamic charities funding jihad. We have posted dozens of articles on the subject over the years. This posting is but the latest example. A Briton named Umar Haque has been sentenced to prison […]
posted by Christopher Holton Here we have yet another example of an Islamic charity that has come under scrutiny due to improprieties. While there is certainly no indication that there is a terror nexus this time, the nature of the impropriety is in fact legal… The CRA characterized those shortcomings as “serious.” It said the […]
posted by Christopher Holton The Persian Gulf island nation of Bahrain has decided to cancel a billion dollar conventional bond deal and settle for a Shariah-compliant bond (sukuk) deal. The reason for the cancelation sheds light on the hidden risks involved in Shariah-compliant bonds. Bahrain scrapped the conventional bonds because they would have been rated […]
posted by Christopher W Holton Down in Australia, Zakaria Zaatiti is being tried for shooting two teenagers back in August. Details of the shooting aren’t complete in the article linked below but we do know that Zaatiti was denied bail, at least partially because he had conducted internet searches for “rocket propelled grenade,” “Islamic State,” […]
posted by Christopher W. Holton There are indications that the British government may have been involved in a ransom payment to the Iranian government for the release of a British-Iranian dual citizen being held in by Iran. Before we get too indignant about this alleged revelation, we should remember that it wasn’t terribly long ago […]
posted by Christopher W. Holton Charities in the United Kingdom are regulated by a governmental agency known as the Charity Commission. Over the years, the Charity Commission has found itself investigating multiple Islamic charities for a variety of irregularities, including supporting jihad. Now we have another example. The Charity Commission has opened a statutory inquiry […]
posted by Christopher W. Holton Nearly four years after the Islamic Society of North America’s Canadian wing lost its charity status for funding Jihadist terrorism, two more affiliates have been similarly sanctioned. https://shariahfinancewatch.org/2013/09/25/islamic-society-of-north-americas-canadian-wing-loses-charity-status-for-funding-terrorism/ Canadian authorities have stripped two former affiliates of the Islamic Society of North America’s Canada chapter (ISNA-Canada) of their charitable status after […]
Dana Gas: Shariah Finance’s self-licking ice cream cone
by Christopher W. Holton As we reported earlier this month, the market for Shariah bonds is entering a new crisis as a result of an apparent default by Dana Gas: https://shariahfinancewatch.org/2017/06/15/more-fallout-from-the-dana-gas-sukuk-debacle/ https://shariahfinancewatch.org/2017/06/13/possible-shariah-finance-crisis-brewing-dana-gas-shariah-bonds-declared-unlawful/ Dana Gas is refusing to pay its creditors based on a new decision that its bond offering is no longer Shariah-compliant. This is […]
posted by Christopher W. Holton Here we see illustrated a real pitfall of Shariah compliant finance. Dana Gas of Abu Dhabi previously issues $700 million worth of Shariah bonds, also known as sukuk. Now, the firm is informing creditors that its sukuk are actually NOT shariah compliant and is proposing that they be traded for […]
by Christopher Holton First it was the suppression of the 28 pages of the 9/11 report. Now, 16 years after 9/11, the West still has not learned its lesson. The British government reportedly is suppressing a report which shows that Jihad in the U.K. is largely funded by Saudi Arabia. Once again, the treacherous Saudis […]
posted by Christopher W. Holton The Second Counter-Terrorism Financing Summit takes place from August 8 to 11 in Bali. The conferences is jointly organized with Australia and includes the participation of representatives from about 30 countries and international organizations. Discussions are expected to center on how to counter the cross-border movement of terrorism. This includes […]
posted by Christopher W. Holton Two men have been arrested in England on suspicion of Syria-related terrorism offences. The men, aged 26 and 32, were detained on Tuesday at addresses in Coventry in the West Midlands on suspicion of financing terrorism. http://www.breakingnews.ie/world/british-police-detain-two-men-on-suspicion-of-syria-related-terrorism-748813.html
Australia and Germany Cease Funding for World Vision
posted by Christopher W. Holton As we reported here a few days ago, World Vision, a Christian charity with a clear anti-Israel bias, was charged in Israel with funding HAMAS, a Jihadist terrorist organization, thanks to the actions of one of the charity’s leading Muslim employees. Now, Australia and Germany have decided that funding World […]
posted by Christopher W. Holton There are growing concerns in Australia that the country’s Muslim population has become a surreptitious source of funding for Jihad across Asia… http://www.abc.net.au/news/2016-08-10/australia-monitoring-terrorist-groups-in-asia-for-funding-links/7711802 Meanwhile, Australia has set up a special unit to track such payments over the Internet… Australia has set up a cyber-intelligence unit to identify terrorism financing, money […]
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
posted by Christopher W. Holton Mohammed Iqbal Golamaully, 47, and his wife Nazimabee Golamaully, 45, from south London. They were charged earlier this week with raising funds for terrorism. The allegations relate to Islamic State. http://home.bt.com/news/uk-news/couple-charged-with-fundraising-for-terrorism-11364055678624
posted by Christopher W. Holton An official investigation of British prisons has revealed that the senior level of the British prison service approved having Muslim prisoners fundraise for an organization which is funding the jihadist terrorist organization HAMAS. Muslims jailed in at least four prisons were encouraged by Muslim chaplains to take part in sponsored fundraising activities for the […]
posted by Christopher W. Holton Mohammed Iqbal Hussain, aged 25, and Mohamed Suyaubur Rohaman, 32, who live in Castle Road, Walsall Wood are accused of sending £10,000 to their suspected terrorist brother and his wife fighting in Syria. The brothers, who worked in the family laundrette business in Walsall, are accused of transferring the money to […]
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