Posts Tagged ‘Al Jihad bi-al-Mal’

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Hamas defines ‘Jihad with Money’

June 5, 2013

And it’s exactly what we’ve always told you…

From IDF Blog on May 23 (h/t Justice4Israel):

Last week, the Izz ad-Din al-Qassam Brigades, Hamas’ military wing, published an article on their website entitled ‘Jihad with Money’ (link in Arabic).

The term ‘Jihad with Money’ has two different meanings, the article’s author suggests.

“The general meaning [of the term] is to give money to charitable causes for the pleasure of God Almighty: to help the poor and needy, construct hospitals, mosques, schools, colleges and universities, [to assist] orphans and students, and help the unemployed.”

That sounds like a respectable concept – until you read on for the ‘special’ meaning.

“The special meaning: to make money for combat, such as the purchase of weapons, gear and clothing, and to develop the means to build factories for weapons and to support the families of the Mujahideen [terror fighters] and their families.”

For Hamas, charity and Jihad are one and the same. Hamas built their power base and gained the support of ordinary Gazans thanks to their extensive charity network. They also collect money around the world, ostensibly for the benefit of the Gazan people. But much of that money never gets to the people for whom Hamas claims it is intended.

Izz ad-Din al-Qassam Brigades’ website calls on its readers to give ‘zakat’, or charity, generously, and suggests that the Hamas government spends that money on a wide range of charity projects, in addition to its military activities. By associating its military activities with its charity work, Hamas attempts to justify its spending. But do not be fooled: Hamas’ priority number one is terror – and helping ordinary Gazans in need comes a distant second…

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Jihadists pass zakat through Nigerian banks and charities for Boko Haram

March 25, 2013

The Nigerian newspaper Punch reports that financial regulators say Islamic charities are being used to fund Boko Haram.

Terrorist sympathizers are also structuring their bank transactions—a classic money laundering technique—in small enough increments to avoid triggering the filing of suspicious transaction reports by the banks they use.

This is the classic money jihad.  Fundamentalist Muslim leaders are obtaining zakat donations from extremist parishioners who believe, as the Koran and Hadith instruct them, that they should wage jihad with their lives and their wealth, and that the mujahideen are an eligible category of zakat recipients.

Read it all:

NFIU probes banks, charities over Boko Haram funds

March 23, 2013

Anti-terrorism experts in the Nigerian Financial Intelligence Unit have placed some banks and charities in the country under watch for allegedly aiding the transfer of funds by Boko Haram.

This is just as there are indications that the extremist group has been involved in recruiting suicide bombers from refugee camps run by the Polisario Front in Algeria.

NFIU sources told Saturday PUNCH that sympathisers of the group had been exploiting monetary practices embedded in Islamic culture, such as Zakat, donation to charities and alms-giving to channel funds to it.

It was learnt that the ease with which terror sponsors had been moving money for terror operations through the banks had also made the job more difficult.

“Being persuasive preachers, the terror commanders often persuade some Muslim Ummah to give Zakat to their jihadist cause. This brings in a lot of money used in terror operations. Security agencies are finding difficult to track this because it leaves no paper trail or bank details,” a source stated.

Saturday PUNCH also learnt that some financial institutions were also being unwittingly used to transfer funds meant for terrorist activities by sponsors and sympathisers of these groups, who move such money in bits to avoid detection.

These banks are said to have ignored the provisions of the law to help customers to transfer money in and out of the country without filing the compulsory suspicious transaction reports where necessary.

Under the Money Laundering (Prohibition) Act, 2011, the Terrorism (Prevention) Act, 2011, Central Bank of Nigeria Anti-Money Laundering/ Combating the Financing of Terrorism Regulation, 2009 (as amended) and other AML/CFT Guidelines, banks and other financial institutions must render suspicious transaction reports to the NFIU, properly identify persons conducting transactions and maintain a paper trail by keeping appropriate records of their financial transactions.

The records will enable law enforcement and regulatory agencies to pursue investigations of criminal, tax and regulatory violations and provide useful evidence in prosecuting money laundering and other financial crimes. The legal provisions were designed to help identify the source, volume and movement of currency and other monetary instruments transported or transmitted into or out of Nigeria, or deposited in financial institutions in the country.

The laws impose criminal liability on a person or financial institution that knowingly assists in the laundering of money or fails to report suspicious transactions conducted through it.

Saturday PUNCH learnt that many financial institutions had neglected to file reports of suspicious transactions with the NFIU, in order not to lose the accounts of high profile clients who move huge funds.

Some of these funds are believed to be proceeds of crime or money laundering, one of the sources said.

“Sometimes, the banks assist their clients to transfer huge amounts in small lodgements to avoid filing a suspicious transaction report as mandated by law; we know all these tricks and we are working to deal with them,” the security official said.

Findings indicated that the terror cells also rely on foreign donations from jihadist organisations in Iran, Lebanon, Libya, Yemen and Saudi Arabia camouflaging as charity groups.

NFIU had also expressed concern over the reluctance of banks to file STR, noting that the insurance industry was more compliant with regard to money laundering and financing of terrorism…

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Audio: the first rich Arab patron of jihad

January 3, 2013

Abu Bakr sponsored the military campaigns in the early days of conquest by Muhammad.  Khadija gave Muhammad enough money to help him attract followers, but it was the even wealthier Abu Bakr who helped buy the weapons and horses of Islam’s holy war against unbelievers.

A new recording from the British Islamic studios of Al Baseera highlight’s Muhammad’s praise for Abu Bakr’s role in funding the “deen” (or “dīn,” which can be translated from Arabic to English as “religion”).

It’s just 80 seconds long—take a listen:

Abu Bakr famously contributed all of his money to fund the Battle of Tabuk, an opening salvo in the Byzantine-Arab wars.  The implicit theme of messages like this is for rich Muslims to follow suit and fund jihad today.

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Ten biggest terror finance news stories of 2012

December 31, 2012
  1. Taliban funding remains intact despite international sanctions
    Reports in 2012 revealed that the Taliban’s funding remains intact, that none of the Taliban’s assets have been blocked by U.S. sanctions, that the Taliban retains its taxing authority over Afghans, and that the UN sanctions only 18 percent of the Taliban’s provincial shadow governors in Afghanistan.
  2. Islamic charities remain top terror financiers
    It’s questionable to even call this “news,” but understanding the role of Muslim charities in funding jihad, of which we saw multiple examples throughout 2012, is the Rosetta stone to bankrupting terrorism.  Instances of Muslim charities behaving badly cropped up, and in some cases have worsened, in both in the Middle East and in the West this year.In the Islamic world, the Saudi charitable foundation IIRO, whose branches in Indonesia and the Philippines were previously blacklisted by the U.S. for funding terrorism, is opening seven new branch offices.  In Bangladesh, the chief of the terrorist organization Jamatul Mujahideen Bangladesh (JMB) revealed that Muslim Aid, WAMY, the Muslim World League, the Qatari Charitable Society, and the Revival of Islamic Heritage Society, are among the primary donors to his jihad.  Read the rest of this entry ?
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Money jihad renewed against 5 banks

December 18, 2012

Cyber-terrorists will attack major U.S. financial institutions according to a group called “Izz ad-Din al-Qassam.”  This would be the second major attempt at a jihadist cyber strike against American banks this year.  Rumor has it that these attacks are sponsored by Iran, and this story from Fox Business News points to a possible Hamas connection.

Hat tip to Brian @MrHappy4870 for tweeting this out.  Keep in mind as you read it that Islamists detest conventional banking because it allows for interest which Islam prohibits, because they believe the international banking system is “controlled” by Jews, and because bank transactions are denominated in “infidel” paper currencies that aren’t backed by the gold dinar and silver dirham from the days of Muhammad.  Therefore, Islamists regard bank robbery and crimes against Western financial institutions as permissible under Islamic law.

Cyber Terrorists Threaten Fresh Attacks Against U.S. Banks

Developing: A group claiming to be aligned with Islamic terrorism that launched a massive attack against U.S. bank websites in the fall has threatened another round, set to start this week.

The Izz ad-Din al-Qassam Cyber Fighters posted on a popular message board late Monday, saying it will target the websites of J.P. Morgan Chase (JPM), Bank of America (BAC), U.S. Bancorp (USB), PNC Financial Services (PNC) and SunTrust Banks (STI).

A Bank of America spokesperson told FOX Business the bank is “aware of the reports of possible cyberattacks and [is] monitoring [its] systems, which are fully operational.” Some users reported the second-largest U.S. bank by assets’ website was intermittently inaccessible Tuesday.

PNC said in a Facebook post that it is “aware that some U.S. banks may be the target of a potential cyber attack.” The company said that it was not experiencing any issues, but warned clients that “this potential threat could result in high volume of electronic traffic that may make it difficult for our customers to log onto online banking.”

Spokespeople from J.P. Morgan and SunTrust declined to comment on the matter. U.S. Bancorp did not respond to requests for comment.

“In new phase, the wideness and the number of attacks will increase explicitly; and offenders and subsequently their governmental supporters will not be able to imagine and forecast the widespread and greatness of these attacks,” the posting from al-Qassam said.

The move comes as reprisal for an anti-Muslim video called ‘The Innocence of Muslims’ that was posted on Google’s (GOOG) YouTube in September. It sparked many protests across the Middle East and North Africa that have broadly cooled down in recent months.

In September and October, al-Qassam launched widespread denial-of-service attacks against a slew of banks, including the ones listed this week. DDoS attacks function by slamming Web servers will a flood of requests, with the goal of rendering them completely inaccessible or slowing access down to a crawl. Security experts and the banks said at the time customer data were not at risk. The specific methodology al-Qassam plans on using this time around remains unclear.

In the last round of attacks, security experts told FOX Business the perpetrators created a so-called “botnet” of compromised Web servers that it used to carry out the attack. The Web servers, the experts said, provided more horsepower than the personal computers because of their higher-level access to Internet infrastructure and less limiting bandwidth restrictions.

The individuals behind al-Qassam have yet to be unmasked. However, the name is a reference to the armed wing of Hamas.

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Iran attempts cyber strike at U.S. financial firm

September 20, 2012

Last year, Ayatollah Khamenei and Mahmoud Ahmadinejad promised that the new Iranian year would be “A Year of Economic Jihad.”  Now we have a better understanding of what they meant.

The Washington Free Beacon (h/t Rantburg) is reporting that Iran launched a failed cyber attack against a major U.S. financial institution:

The Iranian government recently conducted a major cyber attack on a major U.S. financial institution that a military intelligence report said is a sign Tehran is waging covert war against the West.

The cyber attack was not successful but was one of several Iranian-backed electronic strikes detected in recent months that highlights the growing threat from Tehran, a major backer of international terrorism, according to a recent report by the Joint Staff intelligence directorate, known as J-2.

“Iran’s cyber aggression should be viewed as a component, alongside efforts like support for terrorism, to the larger covert war Tehran is waging against the west,” the report, dated Sept. 14, concluded.

Iran’s hostile posture against the United States is well known. However, the Joint Staff J-2’s hawkish assessment of the Iranian threat contrasts sharply with the more conciliatory policies of the Obama administration, a defense official familiar with the report said. For Pentagon’s J-2 to acknowledge in the internal report that a covert war is underway was unusual, the official added.

Since 2009, the administration has avoided supporting the Iranian opposition groups that took to the streets to opposed rigged elections. The administration also opposes a near-term Israeli military strike on Tehran’s nuclear facilities favoring instead the use of economic sanctions, which critics say have not slowed Iran’s drive to develop a nuclear weapons capability.

The International Atomic Energy Agency reported earlier this month that Iran is building up stockpiles of enriched uranium and continues to stonewall the U.N. nuclear watchdog on its nuclear arms-related work.

No other details were available on the previously undisclosed attempted Iranian financial cyber attack…

Also recall that author Kevin Freeman has said that leading up to the 2008 financial collapse, the NASDAQ was hacked, that Lehman Brothers was a financial target of terrorists, that German intelligence has reported financial terrorism activities since then, and that damaging the credit of Western nations was an objective of Osama Bin Laden shortly before his death.

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Seven ways to stop funding terror

September 5, 2012

Money Jihad has previously proposed methods to limit zakat and hawala—two major mechanisms for funding terror.  Here’s a more comprehensive set of our recommendations that would reduce terrorist financing overall:

  1. Drill, baby, drill.  The U.S. should expand offshore oil drilling, open federal lands for drilling, ease its permitting process for new refineries, encourage hydraulic fracturing methods that tap previously inaccessible energy sources underground, and approve the Keystone XL pipeline.  Increasing domestic U.S. and Western Hemisphere energy production will reduce reliance on Persian Gulf oil supplies and thereby minimize the profits reaped by hostile, foreign regimes that sponsor terror.
  2. Eliminate foreign aid to Pakistan.  Pakistan uses its ISI spy service to fund the Taliban, the Haqqani network, and Lashkar-e-Taiba.  Continuing to waste money on Pakistan is not only wasteful when we can least afford it, but it is suicidal.
  3. Study the true enemy and threat.  Among the most important concepts for the Western public to understand are:

    If we fail to acknowledge Islam as the animating force behind terror finance, we’ll get confused and aim at the wrong targets.  For example, we’ve spent billions of dollars complying with extensive bureaucratic requirements such as currency reports that have yielded minimal results.

  4. Launch a new offensive against Muslim American charities and entities that fund terrorism.  Pick a few of the highest profile ones and make an example of them by prosecuting their leaders and dressing them in orange jumpsuits.  Prosecute Islamic Relief USA under the laws against providing material support for terrorism.  Prosecute the Council on American-Islamic Relations under the Foreign Agents Registration Act.  Strip the halal food certifier IFANCA and the mosque deed financier North American Islamic Trust of their tax-exempt status. Read the rest of this entry ?
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