posted by Christopher W. Holton The Enforcement Directorate (ED) is poised to seize about 14 properties in Jammu and Kashmir belonging to Pakistan-based Lashkar-e-Taiba (LeT) terrorist outfit chief Hafiz Muhammad Saeed in an attempt to clamp down on terror funding, the Economic Times reported… The ED has identified 13 properties belonging to other militant organisations. .. https://www.timesnownews.com/business-economy/economy/article/ed-cracks-down-on-terror-funding-to-seize-properties-of-hafiz-saeed-zakir-naik/373999
posted by Christopher W. Holton In a rare case of true candor, the Canadian intelligence community has named several countries that it is “concerned” about with regard to terror finance. The 2018 Public Report on the Terrorism Threat to Canada. Syria, Iraq, Turkey, Lebanon, Jordan, Yemen, Qatar, United Arab Emirates as well as Afghanistan and Pakistan were all named in the report. Conspicuous […]
posted by Christopher Holton Bloomberg News has an article posted about the situation in Pakistan that has mostly escaped the attention of the West in general and Americans in particular. Under pressure from the Trump administration, Pakistan has made a great show of cracking down on “extremism.” But the persistent presence of jihadis in Pakistani […]
Long Island Woman Accused of Funding Islamic State
posted by Christopher W. Holton A Long Island, New York woman named Zoobia Shahnaz has been charged with bank fraud, conspiracy to commit money laundering and money laundering and is being held without bail after evidence indicated that she was sending money to the Islamic State jihadist organization. Shahnaz was born in Pakistan and worked […]
posted by Christopher W. Holton Readers who do business with Citi Group may be interested in their activities involving Shariah-compliant finance in Pakistan. According to annual report issued by Securities and Exchange Commission of Pakistan (SECP), Shariah-compliant assets now represent 34.6 per cent of the total assets of the Non-Banking Financial Institute (NBFI) industry in […]
by Christopher W. Holton Here is a report that vividly illustrates the profound differences between charities in the West and “charities” in the Islamic world. Not only do Islamic charities routinely fund Jihad, they also operate Shariah courts. In the case linked below, we have Jamat ud Dawa, a Pakistani charity that has already been […]
Sirajul Haq, the head of Jamaat-e-Islami political party in Pakistan, has said that a state of war exists between the US and Islam. A key component of that war, according to Haq, is the conflict between Western economics and an Islamic system of economics: Sirajul Haq said the western economic system based on interest could […]
State Bank of Pakistan (SBP) Deputy Governor Saeed Ahmad recently claimed that Shariah finance is going to become a better alternative to conventional banking. “Given its global outreach, growing recognition as a stable system, and its ability to provide financial solutions to all business needs, Islamic finance is all set to establish itself as a […]
Here is more proof that Shariah-compliant finance is a system based on centralized economics and not a product of, or adjunct to, free market economics. The Ministry of Finance, Revenue, Economic Affairs, Statistics and Privatization on Friday informed the National Assembly that the government was taking steps to promote Islamic Banking in the country. http://www.brecorder.com/top-news/108-pakistan-top-news/165811-govt-taking-steps-to-promote-islamic-banking-na-told.html […]
One common misconception about Shariah Finance is that it is part of the capitalist system, a component, somehow, of free enterprise. That is completely wrong and promoters of Shariah Finance freely admit it. Sheikh Yusuf al-Qaradawi, the Sunni Muslim world’s most prominent Shariah scholar and ideological mentor to the Muslim Brotherhood, came right out and […]
Pakistani Central Bank to Push Shariah
Pakistan’s central bank has published a detailed five-year plan to promote Islamic finance through an array of proposed legislative changes, product incentives and instructions to market participants. The plan aims to double the branch network of Islamic banks, which now have about 1,200 branches, and increase the industry’s market share to 15 percent of the banking […]
The Pakistani-based AlHuda Centre of Islamic Banking and Economics (CIBE) is slated to conduct a Shariah finance and banking road show of sorts across the continent of Africa. Among the countries that CIBE will be proselytizing in will be Tanzania, Tunisia, Nigeria, Kenya, Ghana, South Africa and Mauritius. https://www.zawya.com/story/AlHuda_CIBE_will_Organize_African_Islamic_Banking_and_Finance_Road_Show-ZAWYA20140224135617/ CIBE is becoming a nefarious force in the […]
India’s most wanted man Dawood Ibrahim Kaskar and Pakistan-linked terrorists and terror groups figure prominently in an updated list of financial sanctions imposed by the British government. Jaish-e-Mohammed or the Army of Mohammed, blamed for the 2001 attack on India’s parliament, featured on the freeze list as a key outfit “based in Peshawar and Muzaffarabad, […]
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