Investing in the stock market is considered halal by most Muslims because the stockholder theoretically owns a portion of the company, and the dividends or increase in stock price are genuine “profits,” not riba.
Stock market activity is probably even more acceptable when conducted to benefit jihad, because those who strive with their wealth for jihad are rewarded doubly by Allah according to the Hadith.
So the terrorists are at liberty to put their money into the stock market, as they have been doing in India. From the Press Trust of India on Dec. 16:
10 cases of terror funding via stock market in last 3 yrs
The Financial Intelligence Unit (FIU) of the Finance Ministry has received information on 10 suspected instances of terrorist financing using the stock exchanges in the last three financial years, Parliament was informed today.
The FIU received five Suspicious Transaction Reports (STRs) during the 2009-10 financial year, four during 2010-11 and a single case in the current fiscal (up to November), Minister of State for Finance Namo Narain Meena said in a written reply to the Lok Sabha.
The STRs, “suspected to be linked to terrorist financing, (have been) received from intermediaries of stock market such as stockbrokers, asset management companies, etc, and disseminated to intelligence agencies by the FIU,” Meena said.
He also said the STRs have been linked to money laundering. These cases will be investigated by the intelligence agencies, he said.
The FIU, is the national agency responsible for receiving, analysing and disseminating information related to suspect financial transactions.
Flash crash and the Obama hoax
May 14, 2013When a fake news bulletin was distributed after the Associated Press’s Twitter feed was hacked on April 23, the stock market instantly dropped a full 1 percent.
On his Global Economic Warfare website, Kevin Freeman tackles the implications of the fake tweet on the market, and how market manipulation can be used as a financial warfare tactic. Read his important posts here and here. An excerpt follows:
Mr. Freeman also included this graphic which showed the plunge in trading. The person or entity responsible for the planned Twitter forgery could have anticipated the miniature flash crash and hedged against it in order to profit from the hack:
Posted in Charts & tables, News commentary | Tagged cyber crime, economic warfare, stock market, Twitter, U.S. | 1 Comment »