Saudi Arabia Criticized for Funding Salafist Islam in Southeast Asia
posted by Christopher W Holton It has been a well-established fact that Saudi Arabia has spent tens of billions of dollars over the past 30-40 years or so proselytizing its brand of Sunni Islam, known as Wahhabism, but properly categorized as Salafism. It is also a well-established fact that Salafi Islam has given rise to […]
posted by Christopher W. Holton Islamic State-linked group wants $5.6 million paid by Aug. 15 for 7 Indonesians it kidnapped June 20. The Abu Sayyaf militant group is holding seven Indonesians it kidnapped June 20 in the Southern Philippines jungles of Sulu, for which it has reportedly asked a ransom of 250 million pesos ($5.6 […]
The Philippine House of Representatives took a major step backward this week when a committee endorsed a measure that financial Jihadists have pushed to facilitate regulatory changes that would provide an advantage to Shariah-compliant institutions… Note that the author of the bill points out that the Shariah finance sector will seek to obtain non-Muslim customers […]
After switching off her handphone for months, the wife of an Abu Sayyaf hostage switched it on again only to receive a chilling call from the gunmen – they are threatening to behead him. http://www.thestar.com.my/News/Nation/2015/08/25/Threats-to-behead-hostages/
Let’s hope this ends up being a permanent decision… The Philippine Stock Exchange has delayed the launching of Shariah index, which tracks the performance of companies considered compliant with the Islamic law, a top official of the local bourse said. “We postponed that [launching of Shariah index] because we have to spend a little bit […]
Ransom Paid to Abu Sayyaf for Release of Two German Hostages
A German couple, a 72-year-old doctor and his 55-year-old partner, were taken hostage last April while sailing between the Philippines and Malaysia, and held hostage on the island of Jolo. Their captors, from the Jihadist terror group Abu Sayyaf, have reportedly claimed that a ransom was paid. They had demanded more than four million euros. German Hostages […]
The military is checking whether terrorist group Jemaah Islamiyah is providing funds to the Bangsamoro Islamic Freedom Fighters (BIFF) following reports that bomb expert Abdul Basit Usman was spotted in a recent clash in Maguindanao. Col. Dickson Hermoso, spokesman of the Army’s 6th division, said the link between the BIFF and the Jemaah Islamiyah has […]
The Philippine government is planning to issue Shariah-compliant bonds, or sukuk, for the first time in the predominantly Catholic nation in order to finance a number of infrastructure programs and generally raise investment from the oil-rich Middle East. For example, Qatar and the Philippines in 2012 agreed to set up a $1bn investment fund that would focus […]
Money Jihad blog uncovered an important report from Thomson Reuters which details financing for the Islamic terrorist organization Abu Sayyaf, which operates in the Philippines. In the report, an entire section is devoted to zakat funding for Abu Sayyaf, particularly from Saudi Arabia. Thomson Reuters maintains that the zakat money is only coming from Filipino expatriates […]
Philippines: And now…Jihad with Money
In two days, the government of the Philippines and the Moro Islamic Liberation Front will sign a peace treaty, ostensibly to end the decades-old Jihadist insurgency on the island of Mindanao. The advisability of entering into a peace treaty with a Jihadist terrorist organization is certainly debatable to say the least, and even before the […]
An Australian man who was taken hostage by the Jihadist terrorist organization Abu Sayyaf was released when his family paid a $94,000 ransom to the group. Reportedly, the original ransom demand was for $2 million. Ransoms are a popular means by which Jihadists raise money around the world. http://www.mindanaoexaminer.com/news.php?news_id=20130616023823
An interesting story from Government Security News on a new wrinkle on how Jihadists raise money: A phone hacking ring with ties to Al Qaeda-related groups in the Philippines and Somalia have targeted small businesses in New York, stealing hundreds of thousands of dollars worth of overseas long distance calls. The ring is exploiting gaps […]
Abu Sayyaf kidnappers have set a four-week deadline to be paid or they will behead Australian Warren Rodwell. It should be noted, though, that the original ransom demand of A$2 million has been reduced to A$460,000. http://stayingsafeabroad.blogspot.com/2012/05/philippines-abu-sayyaf-reduces-sets.html
Malaysia is doubtless a center of Shariah Compliant Finance, certainly the leader in Asia and the Pacific Rim. One of Malaysia’s largest Shariah banks is Maybank Islamic. Maybank Islamic is making moves to become a global force for Shariah. They are setting up shop in neighboring Singapore and Indonesia, but also have their sights set […]
In the Philippines, Abu Sayyaf Jihadist terrorists are running out of money and the war-weary residents of the island of Mindanao (which Abu Sayyaf is trying to seize to impose Shariah) aren’t supporting them, so, according to a Philippine Air Force General, the terrorists are once again turning to kidnapping and hostage taking to raise […]
The report below is cause for concern. Philippine officials have fallen into the trap of dealing with the Islamic Development Bank (IDB) based out of Saudi Arabia. IDB is a gargantuan institution dominated by Saudi Arabia and based out of Jeddah, which is the most important non-holy city in that country, much more important than […]
The Jihad being waged by Jihadist insurgents on the island of Mindanao has scared away foreign investors. For instance, a group of Singaporean businessmen was supposed to scout Mindanao for possible suppliers of various agricultural products but violence involving the Moro Islamic Liberation Front (MILF) apparently caused them to cancel their trip. http://globalnation.inquirer.net/17287/fighting-in-mindanao-scares-off-foreign-investors
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 […]
Wikileaks: Private Saudi Donations Fund Jihad in Philippines
US diplomats openly acknowledged in the secret cables leaked by Wikileaks the role Saudi Arabia was playing in funding the Islamic groups in the Philippines and declared that it must be stopped. This is a common theme around the world. Saudis fund Jihad with “private” donations (often from members of the royal family) while the […]
Philippine authorities arrested a Malaysian “follower of Osama bin Laden” last week known as Abdul Aziz Usman Aziz Othman. Aziz is said to be the financial officer of a jihadist organization. He was well suited for such a task, having attended the University of Tennessee in the 1990s by studying accounting and finance there… http://moneyjihad.wordpress.com/2011/06/13/malaysian-terror-financier-studied-accounting-in-tennessee/
The US State Department has tagged “remittances from overseas Filipino workers,” or OFWs, as a possible external funding source of the terrorist Abu Sayyaf Group (ASG), along with Middle East-based extremist groups. Abu Sayyaf Group had previously appealed for funds and recruits on You Tube by featuring a video of its late leaders Abdurajak and […]
The Philippines’ state-owned Al -Amanah Islamic Bank may sell the nation’s first Shariah- compliant bonds to finance development in Muslim Mindanao the poorest region and base of Abu Sayyaf separatist militants. Global sales of debt that conform to Shariah law fell 29 percent to $6.65 billion this year, according to data compiled by Bloomberg. Mindanao […]
On Shariah Finance Watch, we tend to focus on the nuts and bolts of Shariah-Compliant Finance. Sometimes we lose sight of the fact that the aim of Jihad is the imposition of Shariah, just as the aim of Shariah Finance is the promotion of Shariah by other means. On rare occasions the two worlds merge. […]
Philippines: Government tries to ease tensions by allowing Islamic law in southern area, achieves the oppositewww.westernresistance.com Thailand should take note, as a peace proposal aimed at ending the jihad in that country’s southern provinces also includes the implementation of Sharia law. Not only is there no guarantee that it will help end the violence […]
http://cache.daylife.com/imageserve/0dZg6Gm2iaeL2/610x.jpg Philippine Daily Inquirer First Posted 01:57:00 08/31/2008 MANILA, Philippines—Police have arrested one of the alleged masterminds of a ferry bombing that killed 116 people four years ago, according to Executive Secretary Eduardo Ermita. Ruben Pestano Lavilla Jr. was deported to Manila on Saturday after being arrested last month in Bahrain, said Ermita, […]
by Nancy Reyes http://tinyurl.com/5qw4bw Sometimes making peace just makes things worse, as can be seen in the Philippines. President Arroyo has been under a lot of pressure by Muslim countries and the United States to make peace with the remaining Moro (Muslim ethnic) group in Mindanao. The MNLF made peace years ago, but the […]
IslamOnline.net & News Agencies “They studied it and scheduled the signing and then they cancel everything. What is that,” said Iqbal. (Google photo) MANILA — The Philippine government announced Thursday, August 21, it had scrapped a landmark deal with the country’s biggest Muslim group to end the decades-long conflict in the south.“Cancellation […]
THE EXTREMISTS: Followers of Moro National Liberation Front, which has been waging war in southern parts of the Philippines. (Photo courtesy: THERENCE KOH/ AFP) THE VICTIMS: Muslim families housed in an evacuation centre near Midsayap town in southern Philippine island of Mindanao after days of fighting between government troops and Muslim rebels. (Photo courtesy: MARK […]
Stilettohighheels.googlepages.com Tolerance v terror Ziauddin Sardar Published 17 July 2008 Even though extremism has taken root in Indonesia, Malaysia and the Philippines, their long tradition of moderate Islam offers hope. Avoid bright lipstick and noisy high heels. The advice to Muslim women, issued last month by the authorities in a north-eastern state of […]
If only the MILF was the only group in the PI. An article was posted a few days ago detailing Saudi funding for terror in the PI. In a separate report this morning, Abu Sayyef kidnapped a couple of village officials. This situation bears watching.A good bet would guess that Shariah is on its way soon after […]
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