Posts Tagged ‘West Bank’


Two unlicensed sharia banks sustain Hamas

November 7, 2013

Islamic National Bank and Al-Intaj have no approval from the Palestinian Monetary Authority to operate.  These Islamic banks are dangerously under-capitalized and they circumvent international sanctions against Hamas.  Even the rabidly anti-Israel website Electronic Intifada is admitting this situation:

Unlicensed banks provide “safety net” to besieged Gaza

Hana Salah
29 October 2013

Gaza Strip—Two Islamic banks have played a critical role in helping Gaza cope with the siege imposed by Israel and enforced by the Egyptian government.

The Islamic National Bank and Al-Intaj have managed to stay in business despite attacks on them and threats to their operations; Israel bombed the Islamic National Bank in November last year. Meanwhile, the public sector which both banks sustain has been hampered by the closure of tunnels linking Gaza to Egypt.

Both banks operate without the approval of the Palestinian Monetary Authority (PMA), which was established under the 1993 Oslo accords to oversee the financial system in the occupied West Bank and Gaza Strip. Instead, they have been given permits to operate by the Hamas-led administration in Gaza.

Due to their lack of PMA approval, these banks can only work in the Gaza Strip, without connections with Israeli or international banks.

“Safety net”

Mohsen Abu Ramadan, an economic analyst, said that the two banks have provided “a monetary safety net for the Hamas government, and replaced the licensed banks, which refused to deal with Hamas.”

The nexus between these banks and Hamas underscores once again the natural relationship that exists between Islamic banks and the financing of terrorist groups.


Bin Laden—tape cassette salesman

December 1, 2011

The Arab street, where low-tech still matters

This photo caught Money Jihad’s attention during routine research for an unrelated post.

Picture from day Osama died

Jenin, West Bank | Photo by AFP

It features pictures of Osama bin Laden, Saddam Hussein, Yassir Arafat, and Hamas leader Khaled Meshaal arranged in front of tape cassettes for sale at an Arab store in the West Bank city of Jenin.

Like the cavalier reference to sales of Hasan Nasrallah CDs and mugs in Lebanon, shops like this are so widespread that their existence rarely merits news coverage.  One source says that little cassette shops like this are nearly as plentiful as grocery shops.

Call it ‘retail jihad,’ in which the tape cassette, now considered a dinosaur by most Americans, still play an important role.

Of course the bigger problem than hundreds of thousands of dollars in retail cassette sales made by Islamists is a) the violent messages of Islamic supremacy in the tapes themselves, and b) the millions of dollars in zakat solicited on the audio tapes that go back toward supporting jihad.

Malcom Nance noted in An End to Al Qaeda that as important as the Internet and satellite television has become:

…the key to understanding why there has been such a rapid spread of populism within the Salafi world is that they already had a solid grounding in their message based on books, pamphlets, lectures, and letters.  These materials were spread by hand first, handed out at conferences, and made into cassette tapes and widely distributed throughout the Muslim world through supporting Islamic bookstores or charities.

The problem with tape recordings is that, unless somebody takes the time to transcribe, translate, tag, and upload the messages to the web, their content is largely unknown by Western audiences who may be likely to underestimate the importance of the old-fashioned technology in the Islamic world.

Cassettes have been used by the Muslim Brotherhood and have been found on captured terrorists even in the CD-driven West.

Bin Laden himself was an active cassette collector, maintaining a 1,500 tape collection in Kandahar before he fled Afghanistan in the early 2000s.  Recent analysis of the contents of those tapes by U.C. Davis professor Flag Miller opens new insights into Bin Laden’s history.


Palestine’s NGOs “a byword for corruption”

May 27, 2011

Nonprofits in the Palestinian territories are a cesspool of corruption.  The author of the article who made this argument in The Guardian says he’s really just calling for reform though, and complained that Elder of Ziyon used the article as “Palestinians are bad” evidence.

Count us in with Elder of Ziyon.  The non-governmental organizations (a combination of questionable Islamic charities and do-gooder Western aid outfits) are extremely problematic.  Read all about it:

…Palestine’s NGO sector…has become a byword for corruption, incompetence and meaningless job creation. Thousands of NGOs have sprung up, promoting everything from family planning to liberal arts education, bloating the aid industry without delivering long-term benefits.

Naseef Mu’allem, director-general of the Palestinian Centre for Peace and Democracy, revealed that “JICA – the Japanese government aid mission – invested $5m last year, but practically what they spent is $600,000. The rest is given as salaries, accommodation, hotels, retreatment and transportation for the foreign employees here but not for the Palestinians”. Without donors thoroughly checking on their investments, this kind of private profiteering has become normal.

Palestinian perceptions of foreign NGOs are revealing. Bir Zeit University’s 2008 survey found just 35% of the West Bank population feel they contribute to the development of Palestinian society; 78% said they played some role in reducing human suffering and 55% felt they contribute to reinforcing the Israeli occupation.

Read the rest of this entry ?


International aid funds Hamas-linked police

September 27, 2010

Elder of Ziyon came up with an interesting analysis last week of salaries for “security forces” (who overlap with the terrorist population) in Gaza.  Using World Bank figures as a starting point, Elder of Ziyon observed that “between $250M and $600M of PA budget seems to go to Hamas terrorists.”  Take a look.

Earlier EoZ revealed that 60 percent of the Palestinian Authority’s budget is directed into Hamas-controlled Gaza.  The PA receives its money from taxes and international aid, and Reuters reported in March that the West Bank-based PA “still pays salaries to government employees in the Gaza Strip.”

What a mess.