10 biggest terror finance stories of 2011

January 12, 2012

Here’s the recap of the 10 most significant terrorist financial news stories of 2011.  Several of the developments were good, most were bad, but all are instructive:

10.  Al-Shabaab uses a time honored system of taxation based in Islamic law to launch itself into the world’s top tier of terrorist organizations.

9.  Anwar al-Awlaki was killed in a drone attack, but his dying message of “dispossessing the disbelievers” of their wealth lives on through repeated acts of welfare fraud, debt defaulting, and outright theft by Muslims living in the West.

8.  North Dakota’s oil boom illustrates that the U.S. and the Western Hemisphere can turn the balance of energy production out of the Middle East and back to the Americas, decrease our reliance on sharia oil, and eventually bankrupt the exporters of Wahhabism.

7.  Ayman al-Zawahiri calls for al jihad bi-al-mal (the money jihad) to support the Arab Spring, and initiates charitable front work by Al Qaeda in Somalia to implement the dying wish of Osama bin Laden.

6.  The Obama administration leads the West on a dangerous course to bankroll the Islamists of the Arab Spring.  Whether it was Pres. Obama’s insistence on a massive G8 stimulus package for the Islamic world or Hillary Clinton’s halal food distribution to French-armed, Al Qaeda infiltrated Libyan rebels, 2011 is one for the record books in terms of funding the very same menacing global force that we’ve been fighting since 9/11.

5.  Taliban enriched by ransoms, subcontracting errors, and reintegration policy.  Despite claims that a “weakened” Taliban has “lost its swagger,” it has been resurrected with a windfall ransom payment of $15 to $20 million by France.  Meanwhile, misappropriation and waste of U.S. reconstruction money and foreign aid has ended up put the Taliban on the payroll.

4.  Military decreases IEDs by detaining bomb financiers.  Effective IED attacks in Iraq fell in 2011 compared to 2010—a testament to U.S. and Iraqi forces who cooperated to snuff out insurgent bomb-making cells and their treasurers.

3.  Bali bomber trial reveals fundamental truths about how Islamic law requires waging jihad with moneyThe donors to Abu Bakar Bashir’s terrorist training camp in Aceh, Indonesia, which included Muslim bank robbers, tellingly based their legal defense on sharia law.

2.  Iran’s nuclear program is unimpeded by the sanctions regime.  Despite a devaluation of Iranian currency, there is little evidence that U.S.-led sanctions against Iran are stopping or even slowing the illegal uranium enrichment by Iran.

1.  Sharia bank used zakat to fund terrorAsian intelligence reports revealed that the Islami Bank Bangladesh has been diverting 8 percent of its profits toward jihad.


  1. Prominent Egyptian Salafi Shaykh Abu-Ishaq al-Huwayni explains that Muslims’ financial difficulties are due to the fact that they have abandoned jihad. The solution? Go on jihadist raids a few times a year, and bring back prisoners, including women and children, which can be sold in the market like groceries to bring in extra income when times are tough. Unbelievable.

  2. […] readers may also want to look back at our biggest stories of 2012 and 2011 to see how the threats are evolving over […]

  3. […] Money Jihad readers may also want to look back at our biggest stories of 2013, 2012, and 2011 to see how the threats are evolving over […]

  4. […] Money Jihad readers may also want to look back at its biggest stories of 2013,2012, and 2011 to see how the threats are evolving over […]

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