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 […]
The Wall Street Journal (WSJ) in its article, “Al Qaeda’s War for Syria,” cited officials from the US Treasury Department stating, “Al Qaeda in Syria (often operating as the “Al Nusra Front for the People of the Levant”) is using traffickers—some ideologically aligned, some motivated by money—to secure routes through Turkey and Iraq for foreign […]
Americans are all-too familiar with the fact that Wall Street has fully embraced Shariah-Compliant Finance. The so-called titans of the financial world have prostituted themselves and their companies in attempts to gain access to petrodollars in the hands of individuals, governments and institutions that adhere to a doctrine that is diametrically opposed to everything American […]
U.N.: Eritrea reduces financial support for al Shabaab
Eritrea has reduced its support for the al Qaeda-allied al Shabaab militant group in Somalia under international pressure, but still violates U.N. Security Council resolutions and remains a destabilizing influence, a U.N. report says. The U.N. Monitoring Group on Somalia and Eritrea, which investigates violations of an arms embargo on both nations, said in a […]
Note that the authorities reveal that charities and non-profit organizations are commonly used to fund terrorism, as we have covered extensively here on Shariah Finance Watch Recently, the National Police’s Densus 88 counterterrorism unit arrested five suspects in the case of the Surakarta church bombing. Among them was an Information Technology (IT) expert, Rizki Gunawan, […]
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 […]
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 […]
Lawyers for American victims of a Hamas triple suicide bombing who successfully sued Iran for damages have slammed the US Justice Department’s backing of a court ruling preventing the plaintiffs from obtaining information about Iran’s US-based assets… http://iranaware.com/2012/06/15/obama-opposes-forcing-iran-to-reveal-assets-to-victims-of-iran-funded-hamas-jihad-bombing/
Fox News Channel will air a segment on Sunday, June 10th on the new Patriot Fund, a mutual fund that uses a terror-free screen to exclude companies that have ties to Iran, Sudan and Syria, three Islamic nations on the US State Department’s list of state sponsors of terror. Featured on the segment will be […]
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
A New York accountant accused by U.S. authorities of helping al Qaeda with computer systems pleaded guilty on Monday in federal court to terrorism-related charges. Sabirhan Hasanoff, 36, a dual U.S. and Australian citizen who owns a home in Brooklyn, New York, was arrested in April 2010 and charged with conspiracy to provide material support […]
Brits seek to halt legal payouts to terror suspects
The United Kingdom has paid out some £20million to terror suspects, mainly due to the need to secrecy that has prevented the government from bringing evidence in open court against the suspects, who have accused the UK government of mistreatment… Several probable Jihadis have become wealthy as a result. This money is no doubt now in […]
The good folks at Money Jihad blog have done it again. They have uncovered a very important news item about a member of the Shariah Advisory Board of Islami Bank Bangladesh Limited (IBBL) who has been arrested for his alleged involvement in an attack on police by the group Jamaat-e-Islami . We have known for years about […]
A terror plot targeting Kenyan tourist hotels with chemical explosives was financed by Samantha Lewthwaite, the British widow of 7/7 bomber Germaine Lindsay… http://www.telegraph.co.uk/news/worldnews/africaandindianocean/kenya/9258011/77-bomber-widow-Samantha-Lewthwaite-financed-Kenya-tourist-terror-plot.html
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 […]
According to a warning issued by the UN Security Council, the use of kidnapping for ransom by terrorist groups is on the rise, an indication that Jihadists in particular are supplementing their income from zakat and state sponsors of terror, such as Iran. In addition, the UN says that terrorists are making greater use of […]
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
A Woodbridge, Virginia man originally from Pakistan has been sentenced to 12 years in Federal prison for providing material support, including attempts at fundraising, for the Pakistani Jihadist terrorist organization, Lashkar e Taiba. http://www.foxnews.com/us/2012/04/13/va-man-gets-12-years-for-aiding-terrorists833779/
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 […]
Thai Jihadist Bombers Get Big Payout
H/T Money Jihad blog Back on 31 March, Jihadist terrorists launched a coordinated bomb blitz in southern Thailand in a major escalation of the ongoing Islamic insurgency there: http://terrortrendsbulletin.com/2012/03/31/the-jihad-in-thailand-escalates-sharply/ The Bangkok Post has published a report that indicates that the Thai Jihadists who successfully conduct such attacks head to the Malaysian border for big bonuses. […]
Judson Phillips over on Tea Party Nation has an important story up today. A U.S. court found Iran responsible for the 1983 Beirut Marine Barracks bombing that killed 241 Marines, soldiers and sailors. Iranian assets are frozen in the U.S. and the surviving families of those U.S. servicemen deserve to be compensated using those assets. […]
The US has offered a $10 million reward for the capture of Pakistani Jihadist Hafiz Muhammad Saeed. Saeed is associated with the terrorist group Lashkar e Taiba, the organization that carried out the horrific Mumbai terrorist attacks in India back in 2008. Long-time readers may recall that donations to Islamic charities in Pakistan in the […]
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 […]
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 […]
Over on Townhall.com, Daniel Mitchell has some details about how Mohammed Merah, who killed 3 French paratroops and several civilians, including schoolchildren in barbaric attacks, lived in France on the public dole. Unfortunately this seems to be typical, rather than an exception, as Mitchell points out with examples in his column. The Jihadis are using […]
Congressional Report: Hezbollah has “several thousand” donors in the USA
A report issued by the House Homeland Security Committee indicates that Hezbollah has a large and threatening presence inside the USA and is successfully raising funds inside the USA to support its Jihad. Among the findings outlined in the report which are particularly relevant for SFW readers: • Counterterrorism officials consider Hezbollah fundraising cells to […]
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 […]
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