Al Qaeda financier arrested in France
French counterterrorism police have arrested the administrator of a Jihadi website who is suspected of playing a key role in financing and recruiting for Al Qaeda and other terrorist groups in several countries. The suspect — whom prosecutors call a “formidable financier of the bloodiest terrorist groups’’ — was being questioned Tuesday by anti-terrorism judge […]
Money Jihad blog and Creeping Shariah have both done an excellent job of bringing attention to the fact that Imam Mohamed Sheikh Abdirahman Kariye, who heads Masjed As-Saber mosque in Portland, Oregon, has been convicted of Social Security fraud and was the co-founder of Global Relief Foundation, an Islamic charity shut down by the US Treasury […]
An Extremely Important Article on Shariah-Compliant Finance from Congressman Allen West
Investor’s Business Daily and Congressman Allen West have teamed up overnight to publish an extremely important op ed penned by Congressman West on the subject of Shariah-Compliant Finance. In his column, Congressman West points out virtually all of the major concerns surrounding Shariah-Compliant Finance and laments that it has received no critical scrutiny from US […]
Prince Salman bin Abdulaziz al-Saud, now the next in line to take over the kingdom of Saudi Arabia, was one of several defendants sued last year for his alleged support of the September 11, 2001, terrorist attacks. Salman is identified as an “individual patron” of al-Qaeda and as the leader of the Saudi High Commission […]
Humanitarian Relief Foundation (İHH) President Bülent Yıldırım is being investigated for allegedly financing al-Qaeda through his organization… http://www.hurriyetdailynews.com/head-of-conservative-ngo-under-probe-for-financing-al-qaeda-.aspx?pageID=238&nID=23245&NewsCatID=338#.T9rozaZuHgk.twitter
Al Qaeda funder in Chicago sentenced to 7 years in prison
A cab driver in Chicago who was convicted of attempting to send money to support Al Qaeda has been sentenced to just over 7 years in prison. This is an absurdly light sentence. Imagine it were 1943 and a Chicago cab driver was convicted of trying to send money to support Nazi Germany or Imperial […]
Shariah Finance Watch editor briefs Congressional staffers on Shariah-Compliant Finance
Recently we had the opportunity to brief staff members from 10 Congressional offices on the threat of Shariah Finance. The briefing was recorded and we have posted the full 1-hour briefing here for SFW viewers… Shariah Compliant Finance and Financial Jihad
US Treasury Sanctions Two for Ties to Al Qaeda
These kinds of sanctions are largely symbolic since it is unlikely that these two men have any assets in the USA. The Treasury Department put two people that it alleged have ties to militant Islamist groups on a blacklist on Thursday and banned American citizens from any dealings with them. The Treasury’s Office of Foreign Assets […]
US Treasury Claims Sanctions Hitting Al Qaeda Hard
The US Treasury claims that its targeted sanctions program is hitting Al Qaeda and rogue nations, such as Iran, hard. We’ve no doubt that Iran, the world’s most active state sponsor of terrorism, has been substantially effected by sanctions and we would concede that Al Qaeda has no doubt been impacted in some way. But […]
European Nations Fund Jihad Through Ransoms
Money Jihad blog has another excellent and important story up about ransom payments by European nations to Jihadists, Al Qaeda in the Islamic Maghreb (AQIM) in particular. Note especially the explanation with regard to ransom payments and Shariah in the Money Jihad posting. Note also that the amount of money paid by Spain and France […]
More Details on Funding for the Taliban
Not long ago we mentioned that the Taliban had gone online to raise money for their violent Jihadi activities. In that same post we mentioned that US intelligence sources had indicated that most of the Taliban’s financing sources remained intact since US forces engineered their overthrow way back in 2001. This continued financing provides one […]
The Taliban and Al Qaeda are said to have turned to smuggling cigarettes and cigars to raise money according to a recent report the the International Tax and Investment Center (ITIC). The report blamed higher taxes for making a market in bootleg tobacco products. This activity should certainly come as no surprise. Hezbollah has been involved […]
It is no secret that the Jihadists seek to target the West’s economy and financial markets. Clearly, that was a main target on September 11th, 2001. Currently, there is a terrorism trial in Germany ongoing in which details have been revealed about Al Qaeda’s efforts to target Europe’s economy and financial system. The Jerusalem Post […]
This comes as no surprise. Al Qaeda and Hezbollah have been involved in the global drug trade for quite some time. This media report contains details of their activities in West Africa and their cooperation with South American drug cartels… http://www.upi.com/Top_News/Special/2012/04/02/West-Africa-fears-of-drug-terrorism-links/UPI-48031333383482/
Al Qaeda turns to hostage taking across Africa to raise revenue
After years of limiting its kidnap operations to Mali, Niger, Mauritania, and occasionally Algeria and southern Tunisia, it would seem that al-Qaeda, through its Maghreb branch al-Qaeda in the Islamic Maghreb (AQIM) is currently attempting to expand its profitable “kidnapping trade” to other countries to locate new sources of funding. According to Algerian authorities, kidnapping […]
U.S. District Judge George Daniels in Manhattan today said that Hezbollah, designated a terrorist group by the U.S. State Department, must pay the damages to insurers includingChubb Corp. (CB) that sought to recoup payments to business and property policyholders for losses from the attacks. The insurers won default judgments in 2006 against al-Qaeda and Hezbollah after […]
Before he was killed by crack French security forces, the Jihadist terrorist Mohammed Merah claimed that he received funding for weaponry from inside and outside France. This makes sense since he was known to have multiple Colt 1911 .45 automatic pistols, an Uzi, a Sten gun and a riot shotgun in his possession. The Uzi […]
This afternoon at 1730 Eastern Standard Time (5:30pm) we received a Google News Alert from our subscription to the term “Al Qaeda.” That alert contained but one intriguing story: Head of state ‘funded al-Qaeda and knew of 7/7 terror attacks’ This story linked to The Telegraph in the UK and the alert included the following […]
Jihadi fundraiser to be released from prison in the UK
There is anger in Great Britain over the impending release of Abu Qatada, a terrorism suspect and Imam who was once described as Osama bin Laden’s right hand man in Europe. The Jihadist Muslim cleric is believed to have raised funds for terrorist groups and the British government has declared him a risk to national security. […]
In Somalia, Fears Over U.S. Wire Transfer Block
Over the past 18 months or so, SFW has covered the raising of funds by Al Shabaab terrorists in Somalia. These Al Qaeda-affiliated Jihadists have used several methods to raise money and they have been quite successful at it. They have used everything from extortion and intimidation to charity fronts collecting zakat. Some of this […]
US government: Al Qaeda Faces Severe Financial Strain Due To Sanctions
We’re usually rather skeptical of these claims that sanctions are impacting known terrorists, but there may be some truth to this report. On the other hand, the system of zakat going to Islamic charities that then send a portion to Jihadist groups has not ended in the Islamic world, nor is it likely to any […]
The U.S. Department of State has authorized a reward of up to $10 million for information leading to the location of Ezedin Abdel Aziz Khalil, better known as Yasin al-Suri. Al-Suri is a senior al-Qaida facilitator and financier based in Iran. Operating under an agreement between al-Qaida and the Iranian Government, al-Suri moves money and […]
Man Convicted in US of drug-running for Al Qaeda
Oumar Issa, who was arrested in Ghana in December 2009 at the request of the United States, and subsequently transported to New York faces up to 15 years in jail after pleading guilty to trafficking cocaine to fund the activities of Al-Qaeda. http://www.google.com/hostednews/afp/article/ALeqM5j-w0aaJr_wBd2GXHCGZJAHCDg–g?docId=CNG.ec13fa2d970e9e385e80aacbafe95753.e81
Iran to issue $5 billion in Islamic bonds for South Pars oil and gas project
Iran, the world’s foremost state sponsor of Jihadist terrorism and a country that is building nuclear weapons in defiance of United Nations resolutions, is set to issue $5 billion in sukuk (Islamic bonds) to finance its huge South Pars offshore oil and gas field. Five billion dollars in bonds will be issued in the current […]
A U.S. citizen accused of trying to sneak out of the country to go on ‘jihad’ and provide al-Qaeda with money, GPS receivers and restricted U.S. military documents will stand trial today on terrorism charges in Texas. Prosecutors allege that Barry Walter Bujol Jr., 30, referred to al-Qaeda members as ‘brothers’ and said he wanted […]
Correcting The New Misinformation on Islamic Charities Funding Jihadist Terrorism
The Guardian in the UK has come out with an article (“Counterterrorism laws taking their toll on humanitarian action”) critical of US counterterrorism efforts that are designed to prevent the funneling of money to Jihadist terrorist groups, especially in Gaza and Somalia, two hotbeds of Jihadist terrorist activity. When ever we see misguided and ignorant […]
Flashback: Anwar Al-Awlaki’s 44 Ways of Supporting Jihad
Now that Anwar Al-Awlaki has been killed by US forces, we thought we’d commemorate the event by reposting his famous manifesto, “44 Ways of Supporting Jihad.” Not surprisingly, 3 through 9 of the 44 ways were all about “financial jihad.” 3. Jihad with your wealth 4. Fundraising for the mujahideen 5. Financing a Mujahid 6. […]
Grover Norquist’s Relationships Should Give People Pause
Congressman Frank Wolf of Virginia has done America a great service in pointing out for the official congressional record the troubling ties of political operative Grover Norquist. Norquist’s financial ties to convicted Jihadist terror financiers are both shocking and suggestive that he should have no place in the political process in America… Wolf questioned Norquist’s […]
Lloyd’s of London’s Syndicate 3500 has filed a lawsuit in federal court in Pennsylvania against Saudi Arabia, several Saudi charitable and financial entities and prominent Saudi citizens over the September 11th, 2001 terrorist attacks. Lloyd’s says the Saudi defendants are directly responsible for the attacks and should therefore be responsible for $215 million in claims […]
Al Qaeda released an online video to mark the 10th anniversary of the September 11th terrorist attacks, with messages from the late Osama Bin Laden and his successor, Dr. Ayman Al-Zawahiri. The message from Bin Laden warned Americans against ‘falling as slaves’ to the control of major corporations and claimed the ‘tyranny’ of capitalism had brought […]
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