While Israel is conducting Operation Protective Edge to stop HAMAS attacks from Gaza, a “Freedom Flotilla” is being organized in Turkey to bring supplies to the HAMAS-controlled Palestinian coastal enclave with the protection of the Turkish military. The flotilla, called “Freedom Flotilla II,” is being organized by the Turkish Humanitarian Relief Foundation (IHH), the same organization that […]
The Voice of America has just published a report implicating wealthy Saudis, Kuwaitis and Qataris in the funding of global jihad. The report also points out the role played by Islamic charities in the financing of Jihad. This of course comes as no surprise to long-time readers of SFW… http://www.voanews.com/content/islamist-insurgency-fueled-by-global-finance-web/1952337.html
Congressman Brad Sherman pointed out in a recent interview on Al Jazeera TV that the network’s owner, the Emir of Qatar, is a major funder of HAMAS… https://www.youtube.com/watch?v=_q1nRZZLp1o
If true, this indicates that the Bergdahl deal didn’t just replenish Taliban leadership, it also replenished their coffers. North said he knew there was at least a $1 million dollar ransom being demanded for Bergdahl some time ago so he estimated the price paid to release the hostage must be close to $5-6 million now. “Someone […]
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 […]
London Stock Exchange to Co-host Shariah Finance Seminar
QInvest, Qatar’s leading investment bank, will be hosting a Shariah Finance seminar in partnership with the London Stock Exchange in London this Friday 16thMay. London’s quest to become the Western capital of Shariah Finance continues apace, just as Shariah overall makes inroads across the UK’s legal system and culture. This is what civilizational suicide looks like…
Iraqi Prime Minister Nouri Maliki made it abundantly clear that Saudi Arabia is sponsoring terrorism and likewise he highlighted the role of Qatar in supporting terror as well. Indeed, Gulf petrodollars are sponsoring terrorism in several nations, spreading sectarianism throughout the Middle East and parts of Southeast Asia – and funding radicalism throughout Western Europe and […]
The financial jihadists can put lipstick on this pig all they want, but the fact is, this is nothing but “separate but equal” banking, which is inherently unequal… Qatar Islamic Bank Opens New Branch Featuring Dedicated Ladies Banking http://www.cpifinancial.net/news/post/26400/qatar-islamic-bank-qib-opens-new-branch-featuring-dedicated-ladies-banking
World Tribune has an interesting report on HAMAS’ continuing budgetary problems. In this case, two recent major supporters of HAMAS, Turkey and Qatar, appear to be pulling back on their financial support… The Hamas regime has been hampered by the failure of Qatar and Turkey to relay massive aid to the Gaza Strip. Palestinian sources […]
A $4 million ransom was reportedly paid to the Al-Qaeda-affiliated Al Nusra Front for the release of 13 Greek Orthodox nuns that were held hostage by the Jihadist group for four months. They hostages were released in a deal between the Syrian Assad regime and Jihadists of the Al Nusra Front, brokered by Qatar, a […]
S&P Admits to “Extra Costs” of Shariah Compliance
Readers who click on the link below will note that the article doesn’t reflect the headline that we’ve posted here, but there is a valid reason for that. As is often the case with Shariah-compliant finance, the real story is often found by reading between the lines. In the article below published in Qatar, which, by the […]
One of the most misunderstood aspects of terrorism financing is Shia Iran’s support for Sunni Jihadist organizations. Some naive observers still insist that Iran would never support Sunni organizations and that Sunni organizations would never ally with Iran. The reality is quite to the contrary. Iran has longstanding ties to numerous Sunni Jihadist organizations, the […]
Foreign Donors Funneling Money to CAIR Through Non-Profit Shell Game
Everyone needs to check out the blockbuster report on The Daily Caller which pulls back the veil on CAIR, the Council on American Islamic Relations. The report demonstrates that CAIR is essentially running a foreign influence operation. Unable to support their activities from domestic sources, CAIR has turned to overseas oil-rich Islamists. International donors, like […]
Fox News has a breaking story from an Israeli journalist detailing a new revelation that Qatar was making massive payments to Muslim Brotherhood officials in Egypt during the Morsi regime. It remains to be seen what Qatar’s policy will be under the new regime there, much less toward the new, forming regime in Egypt. Qatar […]
Islamic Charities Revealed: Bankrollers of Terror
Foreign Policy magazine recently published an excellent article on the role of Islamic charities in funding Jihadist terrorism, something we’ve been writing about here on SFW for several years now. Authors Daveed Gartenstein-Ross and Aaron Y. Zelin detail in the article how Islamic NGOs (Non-Governmental Organizations) are bankrolling terrorist organizations under the guise of “aid.” […]
By Cliff Kincaid Apparently on the defensive over its unorthodox entry into the U.S. media market, Al Jazeera has hired a high-powered lobbying firm on Capitol Hill to stave off an investigation of the curious transaction with former Democratic Vice President Al Gore. The firm, DLA Piper, represented Al Jazeera in the acquisition of Gore’s […]
Gulf Nations to Continue Shariah-Compliant Sukuk Push
HSBC Bank, perhaps the West’s most shameful pimp for Shariah-Compliant Finance, and a serial violator of Treasury regulations regarding Iran sanctions, is reporting that the market for Shariah-Compliant bonds (known as sukuk or Islamic bonds) is set to break records in 2013 thanks to the proliferation of issues from Gulf states. Mohammed Dawood of HSBC […]
French Politician: “Our friend Qatar is financing Mali’s Islamists”
For years Western intelligence has known that the Wahhabi-run nation of Qatar has been financing Jihad. The financing has come in the form of protection payments from the government itself to keep Jihadists from attacking the tiny monarchy and in the form of support payments (zakat and otherwise) from wealthy Qatari individuals. France has now […]
The Wall Street Journal Weighs In On Al Goreeza: Inconvenient Truths About Al Jazeera…and about Dow Jones too
We’re glad to see that the Wall Street Journal has weighed in on the nefarious aspects of Al Jazeera, echoing what we reported here on SFW last week: https://shariahfinancewatch.org/2013/01/03/al-gore-sells-out-to-qatar-state-owned-al-jazeera-buys-current-tv/ It’s worth pointing out some of the highlights in the Journal’s article: …the network reflects the interests of the government that runs it—making it akin to […]
Al Gore Sells Out to Qatar: State-Owned Al Jazeera Buys Current TV
Al Gore has sold his failing Current TV television network. The buyer is none other than Al Jazeera, the infamous Islamist television network based out of Doha, Qatar (more on Qatar very shortly). Gore released an interesting statement along with the announcement of the sale: “Current Media was built based on a few key goals: […]
Qaradawi’s Qatar Islamic Bank to float $1.5 billion Sukuk
Islamic bonds, properly known as “sukuk” are increasingly becoming the favorite product of Shariah-Compliant Finance. In fact, we’re starting to see more and more Western nations and financial institutions involved in sukuk simply because wealthy Muslim individuals and institutions, armed with massive amounts of petrodollars, are insisting on Shariah-compliance for financing activities. Qatar Islamic Bank […]
West Point Report: Haqqani network supported by “rich donors”
By way of CNN, we have still more evidence of financial support for violent jihad by wealthy Muslims in the Persian Gulf region. The Haqqani network is one of the most virulent Jihadist groups in Afghanistan and Pakistan and has been battling US troops for several years. It is closely allied with both Al Qaeda and […]
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
The U.S. Treasury Department’s point man on terrorist financing is off to the Middle East for nearly two weeks. Daniel Glaser, assistant Treasury secretary for terrorist financing, will travel to Saudi Arabia, Kuwait, Qatar, Israel and the United Arab Emirates. Glaser will talk with government and private sector officials about the threat of terrorist financing, […]
Sukuk (aka Islamic bonds) are fast becoming the chief tool for spreading Shariah finance. Just a few years ago, few of our posts dealt with sukuk. Now most of them do. Sukuk are used as a means of imposing Shariah compliance on nations and entities wishing to participate in global debt markets. Russia, Thailand, the […]
As we have documented here on SFW for years, the financial Jihadists and their useful idiots in the Western world have proclaimed for years that Shariah-Compliance bestows some mysterious cloak of protection and stability. This assertion has grown to mythical proportions over the years, to the point where it is now almost taken for granted […]
SFW readers may recall that back in February, Qatar shuttered the Shariah-compliant divisions of international banks operating in the tiny Gulf kingdom. What this meant was that only institutions that are completely Shariah-compliant can operate in Qatar. Banks that only have Shariah-compliant divisions are forbidden. We blogged about this move twice before: https://shariahfinancewatch.org/2011/02/10/qatar-moves-to-shut-down-shariah-compliant-divisions-of-international-banks/ https://shariahfinancewatch.org/2011/06/07/qatar-islamic-bank-benefits-from-protectionist-policies/ We […]
Jonathan Schanzer: Saudi Arabia’s Terror Finance Problem
An excellent article from noted expert Jonathan Schanzer on Saudi Arabia’s citizens’ support for Jihad…Keep in mind that this is the same Saudi citizenry heavily involved in Shariah Finance, yet we are expected to believe that there is no threat of Jihadist terrorism benefiting from Shariah Finance… The Saudis produce, thanks to proceeds from the […]
Nearly two years ago, SFW published an article in which we uncovered that a Kuwaiti real estate investment concern had successfully imposed Shariah on tenants of its facilities in Colorado by refusing to allow certain types of businesses to operate and activities to take place on their property: https://shariahfinancewatch.org/2009/08/17/kuwait-islamic-bank-successfully-imposes-shariah-in-the-usa-courtesy-of-udr/ The article didn’t get any particular […]
Qatar Islamic Bank benefits from protectionist policies
Qatar Islamic Bank is said to be doing well, largely because the regime there ordered all Islamic financial institutions that are subsidiaries of conventional financial institutions to cease operations in the country. This is further proof to those who associate Shariah-Compliant Finance with capitalism and free markets that Shariah-Compliant Finance is in fact a centralized […]
Categories
Archives