posted by Christopher W. Holton The Enforcement Directorate (ED) is poised to seize about 14 properties in Jammu and Kashmir belonging to Pakistan-based Lashkar-e-Taiba (LeT) terrorist outfit chief Hafiz Muhammad Saeed in an attempt to clamp down on terror funding, the Economic Times reported… The ED has identified 13 properties belonging to other militant organisations. .. https://www.timesnownews.com/business-economy/economy/article/ed-cracks-down-on-terror-funding-to-seize-properties-of-hafiz-saeed-zakir-naik/373999
posted by Christopher W. Holton Jaish-e-Mohammed (JeM), the jihadist terrorist group that launched an attack on an Indian army outpost in Kashmir that has put India and Pakistan on the brink of full-scale war, has a long history of waging violent jihad. It turns out it also has a history of acquiring and running seemingly […]
posted by Christopher W. Holton Note the misleading information in this article, namely referring to “Islamic banking” as “interest-free banking.” This implies that Shariah-compliant banks loan money for free. Nothing could be further from the truth. They charge fees instead of interest and very often the fees exceed what conventional interest would have charged… http://www.freepressjournal.in/business/rbi-govt-exploring-introduction-of-sharia-banking/919718
posted by Christopher W. Holton Hindu Groups Oppose Entry of Islamic Finance in India…and with good reason. Hindu people have a history of having to endure under the boot of Shariah and countless Hindu have died under the sword of Jihad. Their opposition to the entry of Shariah Finance into India is a positive sign […]
posted by Christopher W. Holton India has frozen the assets of 37 entities on charges of terrorist financing and money laundering of illicit funds, according to the latest report by global anti-financial terror body FATF (Financial Action Task Force). The FATF is an inter-governmental body established in 1989 and it is mandated to set global protocols […]
1/16/2015 Action Targets Long-Time Members of D Company and a Paper Mill Controlled by One of the Designated Individuals WASHINGTON – The U.S. Department of the Treasury today announced the designation of two Indian nationals and one entity in Pakistan as Specially Designated Narcotics Traffickers pursuant to the Foreign Narcotics Kingpin Designation Act (Kingpin Act) due […]
Boko Haram Trafficking Drugs in India to Raise Money for Jihad
Boko Haram is the latest dreaded outfit to slither into India. Riding on the back of the Nigerian drug syndicate, Dawood Ibrahim’s proximity with Al-Qaeda and his tentacles in India, the Nigerian outfit which recently triggered worldwide panic by abducting 276 schoolgirls, has penetrated the African drug-cartel operating in India, top Intelligence sources told The […]
Jamaat-ud-Dawa, the Islamic charity wing of the Jihadist terrorist group Lashkar e Taiba, has just held a major conference in Pakistan. The organization called for a Jihad against India, Israel and the United States and tied its charity relief work to converting hundreds of Hindu to Islam. About JuD’s increasing shift to relief efforts, senior […]
A letter written by the Rajasthan’s Additional DGP (Intelligence) to Jaipur’s civic and police authorities, alleging that a group of Muslim industrialists have been funding construction of Mosques in Hindu dominated slum areas of the Pink City by “luring” poor land owners to sell them off has caused a stir http://economictimes.indiatimes.com/news/politics-and-nation/jaipur-police-alleges-muslim-industrialists-of-funding-mosques-in-hindu-slums/articleshow/40450759.cms
Leading scholars of Islam in India have warned Muslims to exercise caution in giving away zakat as there has been a growth of ‘spurious’ institutions collecting alms for personal gains. Unfortunately, those who give zakat neither have the time to verify the authenticity of people who knock at their doors nor the institutions they represent. Consequently, in […]
It has been reported in Indian media and in at least two other sources that Islamic charities have funneled money to Jihadists in India…read more at Money Jihad blog and be sure to check out the embedded links to other sources as well… http://moneyjihad.wordpress.com/2014/05/19/indias-jihadists-atop-20-million-nest-egg/
It’s no secret that Jihadist organizations based in Pakistan have been targeting India, particularly Kashmir, for many years. And it’s no secret that Islamic charities have long facilitated the funding of such operations. Now, Indian authorities have uncovered some of the mechanisms by which Islamic charities based in Pakistan have been funding jihad in Kashmir. […]
The Indian Anti-Terrorism Squad (ATS) arrested three people with over Rs1.40 lakh fake Indian currency notes. The ATS officers also recovered railway tickets to Delhi from the accused and are investigating whether they have any links with any terrorist organisation. The arrested trio has been identified as Mohammad Suber Moosa Malik Sheikh, 38, Bakhtiyar Alam […]
Recently, Chris Taylor of the Ali Vural Ak Center for Global Islamic Studies at George Mason University in Fairfax, Virginia, gave a half-hour lecture on zakat and Islamic charity, with a focus on India. But as part of his lecture, Taylor gave background on the system of zakat. Sadly–and probably predictably given the Center’s funding […]
Al Qaeda financier Dawood Ibrahim implicated in cricket scandals
Dawood Ibrahim is wanted in India for some 1993 Mumbai car bombings in which 257 people were killed. He is also wanted by the United States, which designated him as a global terrorist back in 2003. Indian authorities, who tend to have very good human intelligence, believe that Ibrahim lives and operates his criminal empire […]
Shariah-compliant finance is the ultimate form of Islamic imperialism in that in return for capital investment, participants are required to abide by Islamic law. One of the chief targets of this strategy has been India. Some in India have been pushing back to prevent Shariah finance from embedding itself there, but the temptation of petrodollars […]
Ratings Firm Confirms Negative Outlook for Malaysian/Indian Telecom Sukuk
RAM Ratings Services Bhd has reaffirmed its negative outlook for Binariang GSM Sdn Bhd’s senior sukuk and junior sukuk ratings. Sukuk are also referred to as “Islamic bonds” and “Shariah Bonds.” Binariang GSM Sdn Bhd is an investment holding company with interests in telecommunications company Maxis Bhd and Aircel Ltd – India’s seventh largest mobile operator – and PT Axis Telekom Malaysia, the fifth […]
Indian Police Probe Hizb ut-Tahrir Support for Terrorism
Long-time readers of SFW may remember Hizb ut-Tahrir as the worldwide Islamist organization that held a convention in Chicago a few years ago dedicated to replacing capitalism with an “Islamic system.” Hizb ut-Tahrir claim to be peaceful. Indian authorities have an idea that they may not be so peaceful after all. In fact, they are investigating […]
An investigation by Indian authorities into an August bomb attack in Pune, India has uncovered a significant Saudi connection to the deadly and infamous Jihadist terrorist organization, Lashkar e Taiba. That connection appears to center around a Saudi citizen named Fayyaz Kagzi: Asad travelled to middle-east, especially Saudi Arabia, several times to meet Kagzi and spent […]
In a blatant example of taqiyya (sacred deception permissible under Shariah law), Jamaat-ud-Dawa, the Islamic charity that bankrolls Lashkar-e-Taiba in general and the Mumbai terrorist attacks in particular, is attempting to disavow any connection to the terrorist organization. This ploy comes on the heels of the US Treasury Department dsignating 8 Lashkar-e-Taiba members as terrorists. […]
US Imposes Sanctions on Eight Lashkar e Taiba leaders
The US Treasury Department has designated eight leaders of the Lashkar-e-Taiba (LeT) as terrorists and placed sanctions on them, holding them accountable for the Mumbai attacks in 2008, and attacks on coalition and Afghan forces in Afghanistan. The designation bars US citizens from engaging in transactions with the designees and freezes the assets of the designees under […]
The Pakistani Jihadist terrorist organization Lashkar-e-Taiba, which carried out the bloody Mumbai terrorist attack in India, funded one of the attacker’s year-long visit to Saudi Arabia to recruit young Indian men who were visiting in Saudi Arabia… Pakistan-based terrorist group Lashkar-e-Taiba financed the procurement of work permits by Mumbai terror attacks suspect Abu Jundal for […]
Zakat Support for Madrassas
Madrassas have been in the news quite a lot lately, mostly associated with a ludicrous speech given by Congressman Andre Carson praising these Islamic schools as a model for education in the US. The reality, naturally, is far different. In the Islamic world, particularly in the Middle East and southwest Asia, madrassas are widely used […]
Shariah Banking Surfaces in Kashmir
Kashmir has been the epicenter of Jihadist violence for years now. For those who do not know, Kashmir includes disputed territory between India and Pakistan and has been the site of armed conflict between the two countries on multiple occasions. Kashmir is one of the rallying causes for Muslims and some key Jihadist terrorist organizations […]
Yesterday explosions rocked Mumbai, India, killing more than a score of innocent people. This is the latest in a series of attacks that have struck that city over the past two decades. There certainly is an economic cost to Jihadist terrorism and the Wall Street Journal points that out in a column published today… India’s […]
How Counterfeit Money Fuels Jihad in India
India faces an increasing inflow of counterfeit currency, produced primarily in Pakistan, and terrorist and criminal networks use this money to finance their activities in the country according to the US government’s 2011 International Narcotics Control Strategy Report of the State Department. Noting that India is a significant target for terrorist groups, both external and […]
Investigators in Peru say that they have found proof that the Jihadist terrorist organization al Qaeda is routing money to India from Europe. The Peruvian Financial Intelligence Unit (FIU) shared with the US that it has tracked the movement of money by al Qaeda elements to India via Peru, leaked US cables released by wikileaks […]
The Kerala High Court on last Thursday had dismissed petitions challenging the state government’s decision to start the country’s first Islamic bank, paving the way for setting up financial institutions that adhere to the Shariah law in India. The court had previously ruled that such an arrangement was unconstitutional. http://www.indiablooms.com/BusinessDetailsPage/businessDetails100211d.php
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 […]
Proponents of Shariah Banking are pushing for its acceptance in India, where there has been strong opposition to the concept from time to time. Now the financial jihadists are trying to foist Shariah Banking off on Indians by dubbing it “Interest-Free Banking.” You can put lipstick on a pig, but it will still be a […]
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