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IIRO returns to Bangladesh

March 2, 2010

The IIRO, an international bankroller of fundamentalist Islam, was banned from operating in Bangladesh four years ago. Is Bangladesh making a mistake by inviting the IIRO back?

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Saudi Arabia crowns new king who financed jihad

February 2, 2015

In 1978, the Saudi monarchy decided to expand the exportation of fundamentalist Wahhabi Islam across the world through the establishment of the International Islamic Relief Organization (IIRO). About 10 years later, IIRO’s Philippine branch was established by Osama Bin Laden’s brother-in-law, which subsequently funded Philippine terrorists. By the 2000s, IIRO’s branch in Indonesia began funding […]

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Saudi-backed tycoon finances Jamaat-e-Islami

March 19, 2013

Mir Quasem Ali serves as the de facto treasurer of Jamaat-e-Islami (JEI or simply “Jamaat”), the Islamist political party in Bangladesh with close ties to the Muslim Brotherhood and militant causes.  He has served for nearly 40 years as Saudi Arabia’s money man in Bangladesh, being involved major Wahhabi-backed institutions since the 1970s. Mir Quasem […]

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Sharia banks that fund terrorism

January 7, 2013

The relationship is simple.  Jihadists know they can trust sharia-compliant banks to maintain their anonymity, not ask too many questions, and facilitate high-dollar transactions on behalf of their terrorist groups.  Some Islamic financial institutions, such as National Commercial Bank and Islami Bank Bangladesh, have taken the relationship a step farther by donating a portion of […]

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Ten biggest terror finance news stories of 2012

December 31, 2012

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. Islamic […]

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Bangladesh overwhelmed by the financial jihad

November 26, 2012

Bangladesh continues to teach the world more and more about the collusion between Islamic sharia financial institutions and terrorist organizations. First there was the revelation that IBBL uses zakat to fund terrorists.  Then there was the U.S. Senate’s damaging report about HSBC last summer which highlighted the British bank’s relationships with IBBL and another sinister […]

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Sheikh: preventing terror finance violates rights

September 25, 2012

Sheikh Saleh bin Abdulrahman Al-Hussein, formerly the chief of the presidency of Saudi Arabia’s two holy mosques and a member of the Senior Ulema Council, has written a 1,600 word opinion piece in the Arab News defending the transfer of funds overseas through “charity” from Saudi Arabia.  Hussein asserts that such “charity” is a personal […]

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HSBC flouted warnings, cozied up to IBBL

July 20, 2012

A report by the U.S. Senate has documented extensive ties between HSBC and Islami Bank Bangladesh Limited (IBBL), the biggest sharia bank in Bangladesh.  HSBC engaged in business activity with the Bangladeshi financial institution despite ample evidence of IBBL facilitating terrorist financing. As previous Money Jihad coverage has shown, IBBL helped bankroll the dangerous spread […]

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Billionaire Saudi banker: “I have worked out a meticulous scheme for this endowment”

June 29, 2012

Sulaiman Al-Rahji, co-founder of the Sunni world’s largest sharia bank and one of Saudi Arabia’s richest men, has reportedly set aside all his wealth for an endowment (waqf) and inheritance by his children.  Given the questions raised about his bank’s involvement in terrorist financing and fighting an investigation into the funding of 9/11, this development […]

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Vile charity to open at least 7 new branches

June 5, 2012

The International Islamic Relief Organization has been an important entity in spreading virulent Wahhabi teachings beyond the borders of Saudi Arabia to the farthest reaches of the Islamic world.  IIRO’s branches in the Philippines and Indonesia were designated as terrorist entities by the United States in 2006.  Saudi Arabia must figure that this is a […]

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Canada’s taxman cracks whip on Muslim Youth

March 14, 2012

And the Canada Revenue Agency deserves a standing ovation for it. Prior to 9/11, the World Assembly of Muslim Youth (WAMY) and its close North American affiliate known as the Benevolence International Foundation (BIF) made up one of the three charitable front groups that Osama Bin Laden depended on the most for Al Qaeda’s funding […]