A new United Nations report has concluded that wealthy financiers in the UAE, Saudi Arabia, Oman and Kuwait are using the illicit charcoal trade in Somalia to fund the Jihadist terror group Al Shabaab. Key financiers of Islamist militants in Somalia are operating with impunity in Gulf states, undermining efforts to end an insurgency in the Horn […]
Money Jihad Blog Revisits Saudi Official Support for 9/11 Hijackers
Money Jihad blog has posted a recap of published evidence on whether money from Saudi officials was given to 9/11 hijackers Nawaf al-Hazmi and Khalid al-Mihdhar. It’s definitely worth checking out: http://moneyjihad.wordpress.com/2014/09/22/al-bayoumis-aid-to-911-hijackers-revisited/
In 2003, the New York Times reported that people who read the 28-page section of the top secret version said it indicated that two probable Saudi spies had links with 9/11 hijackers Khalid al-Mihdhar and Nawaf al-Hazmi. One of the likely spies,Omar al-Bayoumi, may have received money as a “ghost employee” of a Saudi civil aviation contractor from […]
Islamic State Funded By Oil
We actually think the numbers quoted in this article are about a third of the true revenue that the Islamic State garners from oil and the author completely misreads the role of funding from wealthy Muslims in Qatar, Saudi Arabia and other Gulf States, but the article is still worth a look… ISIS reportedly has […]
We’re not pleased with the decision to drop criminal charges against the former head of this terrorist entity…this guy is free to walk the streets of America…but when you’re dealing with the 9th Circuit in San Francisco, you take anything you can get… An Oregon-based Islamic charity has pleaded guilty to tax fraud in a […]
…if it seems like a slap on the wrist, that’s because it is… A Saudi national has been sentenced to three years in prison on charges of inciting dissidence, terror-financing and money-laundering, in addition to fighting alongside militants in Iraq. Jeddah’s appeals court endorsed the verdict on Thursday. The man has been banned from leaving […]
Lawyers for Americans killed and injured in terrorist attacks are seeking millions of dollars from Jordan-based Arab Bank. The plaintiffs claim the bank knowingly served as a conduit for millions of dollars that a Saudi charity and others paid to Hamas operatives and the families of “martyrs” who were killed in suicidal attacks in Israel and […]
A former head of Britain’s foreign intelligence agency, MI6, pointed in a spech to Saudi Arabia as a likely source of funding to the Islamic State of Iraq and the Levant (ISIS)… LINK to video http://www.mrctv.org/videos/former-british-intelligence-chief-speaks-substantial-and-sustained-saudi-funding-isis
The underlying basis for Jihadist terrorism lies in Islamic doctrine, based upon the Quran, the Hadith and the Sirah. Perhaps the strictest adherents to Islamic doctrine are the Salafists, such as the Wahhabis who run Saudi Arabia. This sect of Sunni Islam spawned Al Qaeda, the Taliban and ISIS, among others. It also is responsible […]
Are Politics Stalling the War on Terrorism Financing?
We would maintain that the active denial of the true nature of Shariah and Shariah-compliant finance has meant that the war on terrorism financing has never been properly waged to begin with, but nevertheless, the article below from the Journal of International Security Affairs is well worth a look. … it is obvious that the war […]
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
Saudi Arabia’s Cautious Sovereign Wealth Fund
The Economist provides a bit of insight into the Kingdom of Saudi Arabia’s sovereign wealth fund in the article linked below. Note that the article mentions that the fund invests in bonds. It does not specify sukuk, or Shariah-compliant bonds. It simply says that the fund invests in bonds, which would be decidedly haram… http://www.economist.com/news/finance-and-economics/21602731-kingdom-does-not-splash-cash-other-gulf-states-oil-fuelled-caution […]
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 […]
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 […]
Fawaz Abdulaziz Alhokair Co. , a Saudi retailer, is studying 3-5 acquisition targets in the United States and United Kingdom. The firm, the largest listed retailer on the Saudi stock market (which does not allow foreign investors), also aims to issue its debut Shariah-compliant bond (sukuk) in the next year. Alhokair acquired the Spanish clothing […]
Sudan’s ties with Saudi Arabia are strained in the wake of Riyadh’s decision to bar its banks from dealing with its Sudanese counterparts. The Saudi ban is likely part of increasing tensions due to Sudan’s continued close ties to Iran. Over the few years there have been mounting signs of deteriorating relations between Khartoum and […]
H/T to Money Jihad blog: http://moneyjihad.wordpress.com/2014/03/04/j-p-morgan-to-saudi-banksters-buh-bye/ JP Morgan Chase has dropped Al-Rajhi Bank, the world’s largest Shariah-compliant lender, as a correspondent banking client amid a push to improve risk controls. The relationship with Saudi Arabia’s biggest publicly traded bank ended Dec. 31 because JPMorgan couldn’t get enough information on where payments in dollar-clearing services for Al-Rajhi […]
The Free Syria Army is collapsing due to lack of funds and its fighters are defecting to Jabhat al-Nusra, an Al Qaeda affiliate waging Jihad against the Assad regime. Jabhat al-Nusra’s funding is said to chiefly come from Saudi Arabia and the UAE. If the Sauds and Emiratis are funding Al Qaeda in Syria, why […]
While researching online, we came across an excellent 23-minute documentary produced in Australia several years ago which was produced in Australia. The video discusses Saudi funding for jihad, specifically September 11th and the 2002 Bali Bombing, which killed 202 people, including 88 Australian tourists. The video is definitely worth a look… Funding Jihad – Saudi […]
Why Do Islamic Charities Send Zakat to Terrorists? Because Shariah Says They Must
One of the most popular and most important subjects on SFW is the issue of Zakat. Zakat is a form of tithing in Islam and is considered one of the Five Pillars of the faith. Essentially, every Muslim who is able to do so is required to give 1/40 of his wealth each year to […]
Money Jihad Blog: Saudi-American financed jihad in Somalia and Syria
Another important post from the Money Jihad blog…this time uncovering a story we all missed from back in August… Gufran Ahmed Kauser Mohammed, a naturalized U.S. citizen living in Dammam, Saudi Arabia, has been arrested and extradited to Florida where he awaits trial along with a Kenyan for supporting terrorism. Mohammed wired money to the […]
The wearing of a covering such as a hijab, niqab, burka or other hair covering is considered mandatory under Shariah. (For a guide to Shariah-compliant female head coverings, see our earlier post on the subject: https://shariahfinancewatch.org/2009/03/04/trying-to-make-us-play-by-their-rules-muslims-protest-full-head-photos-on-drivers-licenses/ ) A wealthy Saudi woman in Minnesota used that requirement to conduct her banking business in a rather “unorthodox” fashion recently. […]
This video is beyond shocking. It reportedly shows an auction held in Jeddah, Saudi Arabia in which a father auctions off his son to serve as a suicide bomber… http://www.youtube.com/watch?v=ryBSfBj0_Rc
OpEdNews Column: The Dark Side of Saudi Petrodollars
There is a nice column over on OpEdNews by a man named Brian Lynch touching on Saudi Arabia’s funding of Jihadist terrorism. The column doesn’t break any new ground, but it does provide links to other recent columns by other authors dealing with the same subject matter. It is also interesting in that the column […]
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 […]
Over at Newsmax, Steve Emerson recently wrote a column detailing the efforts by a group of 9/11 Family members to expand and improve the way the US goes after financial support for terrorism. The main thrust of legislation currently proposed in Washington will be to clear the way for victims of state-sponsored terrorism to sue […]
Due to the lack of Shariah scholars in the Islamic world–even in Saudi Arabia–Islamic financial institutions are literally “outsourcing” the Shariah advisory function. In Saudi Arabia, one manifestation of that is the “Shariah Review Bureau,” a separate entity that provides Shariah advisory services to a variety of Islamic financial institutions. But already Western observers will […]
As SFW readers no doubt know, Saudi Arabia is the world’s foremost sponsor of Sunni Salafist terrorism, whether it be through official channels or private donations via Islamic charities. But recently a fresh article came out in The Vancouver Sun detailing the Saudis’ treachery… http://www.vancouversun.com/news/Jonathan+Manthorpe+Saudi+Arabia+funding+fuels+jihadist+terror/8445197/story.html
SFW readers may recognize this guy as the person whose check Rudi Giuliani returned after 9/11 and the guy who bought into News Corp and then bragged to his Islamist pals that he was influencing Fox News’ contents… A Saudi Arabian billionaire prince has sued Forbes magazine in London, accusing the publication of underestimating his […]
Categories
Archives