A US State Department report blames the Jihadist terrorist organization HuJI (Harkat-ul-Jihad-al-Islami) for producing counterfeit notes in Bangladesh where thousands of legal cases involving counterfeit currency have overwhelmed the court system… http://bdnews24.com/bangladesh/2015/06/23/haji-salim-wants-tribunal-to-fight-criminals-counterfeiting-bank-notes
A Bangladeshi newspaper has reported that an official in Pakistan’s embassy in Bangladesh was involved in funding Jihadist organizations. The language is kind of rough, so we aren’t posting an excerpt, but here is a link… http://daily-sun.com/print/front-page/2015/02/02/485635
American Life Insurance Company (MetLife Alico) launched Takaful DPS, a new insurance plan on Monday to bring Shariah compliant insurance solutions to its customers in Bangladesh.The plan is the first of its kind for the global insurance powerhouse in Bangladesh and is now available in three different types – Takaful DPS Gold, Takaful DPS Silver, and […]
Generally speaking, in the civilized world anyway, when one goes to the bank to get cash, one can depend on that cash being authentic. With one Shariah bank in Bangladesh, not so much… Fake Notes Distributed by Islami Bank Garments company Lumbini Ltd withdrew Tk50 crores to pay its employee-salary from Bandarban Islami Bank on […]
Here we have an example of deceptive practices associated with Shariah Compliant Finance. In a media interview, the Managing Director of Islamic Bank Bangladesh Limited (IBBL), Abdul Mannan, remarked: “Greed and need are two separate things- twos move always in opposite ways. In banking race, conventional banking are doing greedy business using interest as a vital tool […]
Money Jihad blog has an important report posted that indicates that the chairman of the board of Islami Bank Bangladesh, Limited (IBBL), Abu Nasser Muhammad Abduz Zaher, was a leading member of a Jihadist militia. http://moneyjihad.wordpress.com/2014/05/01/sharia-bankers-former-life-as-terrorist-exposed-by-shocking-allegation/
The military web site Strategy Page has an interesting synopsis of the largely successful efforts to counter jihad in Bangladesh. In that synopsis, the folks at Strategy Page detail the role of Islamic charities in supporting and spreading jihad: JMB (Jamaat-ul-Mujahideen Bangladesh) survived largely through the efforts of local and foreign Islamic charities, including al […]
Periodically, during the course of our research, we come across examples of confirmation of Islamic doctrine identifying the acceptable destinations for zakat (Muslim tithing). Invariably, number 7 on the list of 8 destinations for zakat is jihad. This isn’t come rare, obscure practice. It is mainstream practice and it is part of Shariah. There is […]
Jihadist pleaded guilty to attempted bombing of New York Federal Reserve Bank
In a completely different form of financial jihad, Quazi Mohammad Rezwanul Ahsan Nafis pleaded guilty this week to attempting to detonate what he believed was a 1,000-pound bomb at the New York Federal Reserve Bank on Liberty Street in lower Manhattan’s financial district. The charge to which Nafis pleaded guilty, attempting to use a weapon of mass […]
Federal Reserve Bomb Plotter Inspired By Al Awlaki Sermons
Quazi Mohammad Rezwanul Ahsan Nafis, the man being prosecuted for plotting to bomb the Federal Reserve Reserve Bank of New York, was inspired by the sermons of the late Al Qaeda in the Arabian Peninsula leader Anwar al Awlaki. Nafis was in possession of several recordings of al Awlaki’s Jihadist ramblings. SFW readers may recall […]
Money Jihad blog’s short list of Shariah banks that fund terrorism
Money Jihad blog is one of the most invaluable web sites in existence for anyone who is concerned with how Jihadist terrorism is supported and funded. That is why we link to it so frequently here on SFW. Money Jihad’s latest work is a prime example of why we like the blog so much: they have […]
Bangladesh, Banking and Terrorism Financing
“Some linkages between Islamic Banking and terrorist organizations have now been brought into the open, but the networks have not been dismantled.” Bangladesh has a long history of weakness on money laundering and the use of banks to funnel money to Jihadist terrorist organizations. The country is now on the verge of being blacklisted for […]
Long-time readers of SFW may recall some posts from the past two years alluding to the fact that, despite a great deal of hype, Shariah-compliant banking is failing in the United Kingdom. For instance, in June of 2010, we posted a report from the Australian media quoting industry insiders in the UK admitting that Shariah-compliant […]
Hillary Clinton’s friends and associated in the Muslim world continue to attract curiosity and scrutiny. Money Jihad blog has an interesting post on Muhammad Yunus, a Bangladeshi banker who has won universal praise in the West, but who also has some questionable ties and a shady past… http://moneyjihad.wordpress.com/2012/08/12/muslim-banker-under-renewed-scrutiny/
The good folks at Money Jihad blog have done it again. They have uncovered a very important news item about a member of the Shariah Advisory Board of Islami Bank Bangladesh Limited (IBBL) who has been arrested for his alleged involvement in an attack on police by the group Jamaat-e-Islami . We have known for years about […]
FATF, the world’s leading international watchdog for money laundering, terror funding, and financial standard setting, is concerned that Bangladesh hasn’t done enough to criminalize terrorist financing, and isn’t freezing suspect accounts. FATF is rightly concerned. Just take Islami Bank Bangladesh Limited as an example. IBBL is Bangladesh’s premier sharia bank, and it has used its wealth to […]
British Muslim Charged With Raising Funds for Jihadist Terrorism
A British Muslim has been charged with three counts of raising funds for terrorism. Shabaaz Hussain, 27, from east London, is accused of providing money or property for terrorism purposes on 12 April, 6 July and 3 September 2010. He is also accused of playing a part in preparing for acts of terrorism in Somalia […]
Shariah bank funnels zakat to militants
Money Jihad has done it again. This time they bring to us the very important report that a Shariah-compliant bank in Bangladesh has been sending zakat money to Jihadist terrorists… Government officials have accused a sharia bank in Bangladesh of diverting its corporate zakat to fund Islamist militants. When hardcore Islamists are named to the […]
Great work by Money Jihad blog on the Zakat-Terror Finding Nexus
Over the past week, Money Jihad has posted some excellent work on the use of zakat funds for Jihad. These postings are not to be missed… 1. British Muslims are the Taliban’s Greatest Source of Revenue http://moneyjihad.wordpress.com/2010/10/22/british-muslims-are-taliban’s-“greatest-source-of-revenue”/ 2. Osama Bin Laden calls for a new mega-Islamist charity http://moneyjihad.wordpress.com/2010/10/24/just-what-the-world-needs/ 3. Zakat money flows uninterrupted to Jihadist […]
HSBC continues to lead the financial jihad… http://www.thedailystar.net/newDesign/news-details.php?nid=151814
Hizb ut-Tahrir banned in Bangladesh after attack
Hizb ut-Tahrir, whose American wing held a conference calling for Islam to replace capitalism in Chicago over the summer, has been banned in Bangladesh. This brings to 20 the number of countries that have banned Hizb ut-Tahrir, which claims to be peaceful but admits that its goal is to see the establishment of a global […]
Another UK Islamic Charity Tied to Terror
One of the major concerns surrounding Shariah-Compliant Finance is the requirement that financial institutions tithe in the system of zakat in order to be Shariah-Compliant. Readers can check our archives for more background on this subject: https://shariahfinancewatch.org/category/zakat/ https://shariahfinancewatch.org/category/islamic-charities/ The problem arises with regard to the Islamic charities which are the approved recipients of these payments. […]
Acid, the new weapon for disfiguring women By Nozrul Islam Dhaka (AsiaNews) – Women in Bangladesh suffer marginalization. And the violence against them, at home and outside, continues to grow. Recently, a new weapon has been added: acid, which disfigures their faces and bodies. Parul’s husband is 30 years old. In 2000, he disfigured her […]
(This is their logo) IBBL customer services must be improved to sustain successes: Managing Director tells officials at ‘Business Promotion Meeting’ in city BUSINESS REPORT Islami Bank Bangladesh Limited (IBBL) organised a ‘Business Promotion Meeting’ at Institute of Diploma Engineers in the city on July 22. Presided over by M Fariduddin Ahmad, Managing Director of […]
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