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5-year anniversary of Money Jihad

October 12, 2014

Five years ago today, the first post of this blog was published.

Since then, Money Jihad has blown the lid off connections among Islamic charities including the Zakat Foundation and Muslim Hands, the close financial relationship between Islamic Relief USA and Islamic Relief Worldwide in Britain, and partnerships between Islamic Relief and the Turkish front charity IHH.

Money Jihad has also documented the relationships between sharia banks and terrorist financing—relationships which were previously only discernible through scattered evidence and rumors.

On top of that, this blog has exposed information that was known in Somalia and Bangladesh about terrorist financing in those countries that had never been reported before to Western readers. On several occasions, this blog has helped give voice to dissidents and expatriates from those and other nations who have shared their knowledge about financial mischief in their home countries with Money Jihad to reach a wider audience.

None of this would have been possible if it weren’t for some wonderful people and organizations. Special thanks to Shariah Finance Watch and Creeping Sharia blogs for putting Money Jihad on the map in the first place. Individual thanks go to the vice president at the Center for Security Policy Christopher Holton, human rights activist Puneet Madaan, and American Center for Democracy fellow Ilan Weinglass who have each done a great deal to expand the reach of this blog.

Without additional support and engagement by 1389 Blog, The Counter Jihad Report, EuropeNews, BlazingCatFur, and other counter-jihad blogs—all wonderful blogs in their own right—in addition to news sites Free Republic, American Thinker, FrontPage Mag, The Washington Free Beacon, The Washington Post, and International Business Times, this blog would never have reached the level of influence or readership that it currently enjoys.

Then there’s the vibrant community of readers, sources, jokers and curmudgeons on Twitter! This whole endeavor would be much quieter and boring without them. A special thanks goes out to all-star Twitter users Rushette, El Grillo, MeanKitteh, Sal, Michael, Jackie, Zac, Jack, and FRamabama for all the support and the wealth of information and insights they provide.

Twitter also allows Money Jihad to mutually follow and connect with noted leaders of the counter-jihad movement including author Tarek Fatah, Act for America organizer Brigitte Gabriel, former Navy officer Dr. Zuhdi Jasser, author Diana West, author Dr. Mark Walia, Gatestone Institute president Nina Rosenwald and terror analysts Patrick Poole and Ryan Mauro. TV stars Roseanne Barr and David Boreanaz have helped too (seriously); and prominent financial crimes experts including anti-money laundering reporter Colby Adams; finance and security analyst Tom Keatinge; anti-money laundering attorney Christine Duhaime; Wall Street Journal risk & compliance reporter Rachel Louise Ensign; terrorism and terror finance expert J.C. Brisard; author Jeffery Robinson; fellow financial crime bloggers Helen Gorman and Eric “Mr. Watchlist” Sohn; and a host of certified public accounts, trade and sanctions lawyers, certified fraud examiners, and certified anti-money laundering specialists.

Thanks also to Rachel Ehrenfeld, Robert Spencer, and Kenneth Rijock. The insights and expertise in their writings have helped shape the perspective of this blog.

Now, friends and readers, it’s time for a two-week break. Hasta luego!

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Video: halal food and its indirect funding of terror

October 10, 2014

Leading up to our 5-year anniversary, Money Jihad continues looking back at some of the more significant videos over the past few years.

CBN is one of the few media outlets to have ever investigated the disturbing and growing trend of halal food certification funding Muslim Brotherhood affiliates.  Check out their report from 2011 (which we also covered at the time):

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Clandestine money news: recommended reading

October 9, 2014
  • Qatar is arming the revolutionary Islamist militia known as “Libya Dawn”… more>>
  • The international watchdog Financial Action Task Force finds that soccer and money laundering are a perfect match for each other… more>>
  • Arab Bank wasn’t the only financial institution funding Hamas.  Enter National Westminster Bank… more>>
  • How ISIS’s antiquities smuggling and the Islamic khums tax finance the blood-letting in Iraq and Syria… more>>
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Top 5 Money Jihad posts

October 7, 2014

This blog has been around for five years next week. Readers may be interested to see what some of the most popular posts here have been. According to WordPress statistics, these have been the five most frequently read/visited posts on this blog to date:

  1. The world’s 20 biggest Muslim NGOs
  2. The world’s 5 richest terror groups
  3. Zakat Foundation & Muslim Hands unite
  4. Islamic tax chart
  5. Welcome to Lilburn, Georgia

Not a bad selection. But we wouldn’t necessarily say those have been our best posts. Now, for the editor’s top 5 favorites:

Lastly, the oddball gallery. These are our top 5 “overlooked” posts—items that, never seemed to gain the traction or readership they deserved. Were these just too weird for popular consumption? You be the judge:

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Arab Bank liable in Hamas money case

October 6, 2014

Litigation can help bankrupt terrorist groups by discouraging banks from providing them with account services. While banks like HSBC have gotten a lot of attention for weak compliance programs, there are some banks—particularly Gulf-based and sharia banks—that have purposefully funded terrorist groups out of shared sympathies or backscratching arrangements with the ruling monarchies. Jordan’s Arab Bank is one of them. Note that in this case, as in almost every other high-fatality terrorist operation in the past 20 years, a Saudi front charity is involved.

From ACAMS MoneyLaundering.com:

By Colby Adams and Kira Zalan

In the first trial of its kind, a federal court said Monday that Arab Bank is liable for deaths caused by Hamas and a Saudi charity that used its accounts to reward terrorism.

A jury in the Eastern District of New York ruled in the decade-old case that the Amman-based financial institution should pay the families of individuals killed by Hamas in reparation for providing banking services to the group’s leaders and facilitating payments to relatives of suicide bombers.

Using Arab Bank accounts, the Saudi Committee in Support of the Intifada Al Quds offered the payments as a reward to the families of any Palestinian terrorist, regardless of group affiliation, according to the plaintiff’s attorneys, who said the program functioned with the financial institution’s consent…

Arab Bank will appeal.

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Sharia bank caught circulating counterfeits

October 5, 2014

Islami Bank Bangladesh, Ltd. (IBBL) has distributed counterfeit currency to a garment manufacturer that made a withdrawal to pay its employees’ wages, according to local police.

IBBL, the biggest sharia-compliant bank in Bangladesh, has previously been implicated by the government for diverting profits to terrorist groups as a form of corporate zakat, and is currently under a national investigation for its expenditures. The counterfeit scheme raises the possibility of wider fraudulent activities by IBBL that even previously suspected.

From the Dhaka Tribune on Sep. 14 (h/t Munazir):

Fake notes distributed by Islami Bank

The incident is brewing anger and distrust among that bank’s subscribers

Garments company Lumbini Ltd withdrew Tk50 crores to pay its employee-salary from Bandarban Islami Bank on Thursday September 11 in which thousands of bank notes were found to be fakes.

The company paid employee salary to its 24 sections, out of which the Finishing Section received 500k sixty three thousand where the most number of notes were found to be fakes.

On Saturday, after joining work, the employees complained about the fake bank notes which prompted the company to recover 1,000 fake notes from its 26 employees. Later, those 26 employees were repaid with genuine notes.

The latest news is that police is seizing all the paid salary. They believe, more fakes may be recovered once the seizing process is completed. Police has tightened security around the garments.

The incident is brewing anger and distrust among that bank’s subscribers.

Islami Bank Bandarban branch Manager Nurul Hossain Kauser has denied any allegation of distributing fake bank notes. Among Bandarban Hill Tracts’ 7 upazillas,  there is only one of Islami Bank branch at Bandarban town’s Masjid building.

Many other Islami Bank subscribers are coming out saying they also received fake notes from the bank before…

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Look back: the true cost to wage terror

October 3, 2014

Leading up to Money Jihad’s fifth anniversary next week, we’re looking at some of the biggest terror finance stories and commentaries over the past five years.

Although we’ve written about Loretta Napoleoni and her views before, we’ve never shown her important “TED talk” from 2009. Napoleoni makes the valuable point that the amount of money taken to carry out a specific terrorist attack is only a sliver of the money that terrorist organizations need to build, recruit, train, and sustain their operations over time. So much money, in fact, that it becomes difficult to conceal and easier to interdict.

This video is longer than what we normally post, but it won’t bore you. Roll tape:

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