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SHARIAH COMP ILI1N r r FINANCE

AND

Christophi~ r Holton Vice Presideln for Outn~ach

Center for Security Policy

wwwcenterfors~ ~ curltypolicyorg

wwwshariahfililancewatchorg

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THE THREAT OF SHARllAH-COMPLIANT FINANCE

The main purpose of shariah-compliant fmarce is to promote shariah Shariah finance is indistinguishable from shariah itself since )s lilns are not allowed to pick and choose different aspects of shariah to follow Anyon that infer that shariah finance is something apart from shariah is simply beil~g dishonest since in fact the main purpose of shariah finance is to promote shariah

Shariah fmance is a threat to Western values human rights and US national security Shariah fmance has a political objective toihgitirnize shariah in the West Evidence indicates that shariah-compliant finance pr~Yi des fmancial support to extremism and terrorism Shariah-compliant fmancial insti~lions empl)y shariah scholars many of whom have been shown to be extremists eh 1 to the point of advocating suicide bombing and jihad against America Amon~ Ihe decisions these scholars make is the donation of25 or more of annual earnin~~s to Muslim charities in a system known as zakat Similar to zakat earnings from invesllnents that me judged to have been unislamic must be purified through donations to charis as well Given the extremist tendencies of shariah scholars and the fact that no fewer tille n 80 Musl im charities have been designated as funding terrorism by the US Treasury Dh artment authorities in the United Kingdom the United Nations and elsewhere this prece ts a hazard which could obviously threaten US national security

The effect of legitimizing and promoting sl~c riah in the West can already be seen in Western Europe Promoting shariah incapsulates Muslim communities from mainstream society and even creates enclaves controlled by shariah Shariah-compliant finance plays a particular role in this because a devout N~1slim living in a Western country in which there are no shariah-compliant banks are al~c wed to usc conventional infidel institutions under the shariah doctrine of~xJreme nece3sity However once shariahshycompliant institutions do exist they are reHgiously oblt sated to patronize them exclusively Thus by allowing the spread qf hariah finance in the West and the US we are pushing Muslims toward shariah

I Importantly there is no where near adequaff disclosure of the true nature of shariah the role of shariah scholars and the system of Zla at and purification by any US or Western financial institution

In sum shariah finance represents a numbEfr Df potential threats to the US including possible financing of terrorism and extrem~s Islamist organizations and movements infiltrating our financial markets and legitiiYzing shariah

WHAT lSI EiHARlAH

Shariah is an Arabic term used to describe Islamic diflCTinallaw re arded in the Islamic world as immutable indivisib le and mandatory for all Muslinls 10 follow in all aspects of life

Shariah encompasses persona l ethics and legal issuegt church and ~iate this world and the afterlife Shariah I

does not differentiate between rules enforced by indiv idual principh from laws enforced by the state Because Shariah is sa id to reflect the will of Allah a~ pposed to tile will of humans it covers all areas of life and not just those of int~rest to the state orsocie~- -suCh as dress and grooming Sharia~ deal s with questions of belief and relIgiOUS practice crIminal alro legal matter~ and other fields including finance and war There is no such thing as a separate secular autt)ority or secular law under shariah since religion and state are not distinct but are one

Shariah is a man-made doctrine that was not comple e until the 9th century--two centuries after the death of Muham med Shariah was born in medieval times an(~ emains mediltval today

Shariah regulates the believer s attitudes and actionsjo everything

Perhaps what is most important for Westerners to knoi shariah C3J1 be accurately described as reactionary deliberately vague and in its implementation barbal1ic

Shariah mandates as a religious obligation

bull Violent jihad against non-Mus lims to establish Islain s rule worl c ide (known as the caliphate)

bull The killing of apostates from Islam

bull The killing of adulterers and homosex uals

bull Severe discriminat ion against women This includes )ersecution I)fwomen and execution by stoning of women who are suspected of adultery Often these Jonen are in reality victims of rape

I bull Barbaric punishment (limb amputations gouging out of eyes) for Jetty crimes such as theft

bull Severe discrimination against and the SUbjugation pf~ nonmiddotmiddotMulirri

bull For those Muslims who cannot engage in phys ical ~ ihad using force shariah mandates that they support jihad financially-Iihad with money

Shariah and its tenets are completely at odds with evrrything Amerca and Western Civilization stand for freedom equality to lerance and justice The promoto of shariah represents a commitment to the replacement of secular political orders In other words shariah sets as its goal the destruction of documents like the US Constitution and the basic liberties set Olt Iherein

Shariah is close by at the core ideology of terrorist groups like AI Qaeda Hezbollah HAMAS and other Iihadist organizations Acco rding to shariah the wo lei must submit to Allah and live according to shariah with the umma as a one world state referred to as a Cja l iphate

Today shariah is the complete law of the land in 3 n ~tions Iran Saudi Arabia and Sudan (Shariah is also employed as part of the lega l system in dozens of ottk nations wh~ re it is customaril y declared supreme ) It is no coincidence that these 3 nations are infamou~ j r their deplcrable human rights conditions support for Jihadist terrorism and even genocide Shariah is ra middott and parcelJf such policies

SHARIAH ACCORDOCjlfG TO THE JIHADIS

bull The sharia has forbidden us from taking irfdels as confidants inducting them into our secrets bull The sharia forbids us from appointing infi~ds to impojmiddottant posts bull The shariaforbids us from adopting or prfrlIing the beliefs and views of the infldels bull The shariaforbids us from assisting infideL~ against Muslims even the one who is coerced has no excuse to fight under the banner of the infidels bull The sharia commands us to battle infidelst-both originrzl infidels and apostates as well as hypocrites Asfor waging jihad against tze infidels who have usurped the lands of Islam this is a duty considered second onlyl tr faith by ulemaic consensus bull The sharia does not accept the excuses mc(de by hypocYites--that they befriend the infidels because they fear the vicissitudes oj( lime bull We are duty-bound by the sharia to help jlft~tSlims overcome the infidels

Ayman al-Zawahiri Al Qaeda jeologue

Democracy is based on the principle ofth[ power ofcleatures over other creatures and rejects the principle of God s absolute power over all ueatures it is also based on the idea that mens desires whatever they may b c~ replace God absolutely and on the refusal to obey Gods law In Islam when there is a disagreement or a difference of opinion one refers to God his Prophet an~ the commc1ds ofsharia

Ayman al -2aw ahiri Al Qaeda[deologue

From the point of view of ideology and sh6lria we are -equired to establish Gods rule over any part of this earth regardless ofpGrticularities and details This can only happen however if the nation adopts this ideology and safeguards it

Sayyed Hassan Nasrallah l-lead of Hizballah

The laws of the shari a embrace a diversetbody of laYs and regulations which amounts to a complete social system In this system rflaws all the needs ofman have been met his dealings with his neighborsfeLlow citizens and clan as well as children and relatives the concerns ofprivate and mariat Life regUlations concerning war and peace and intercourse with other nations penal c4ni commercial law and regulations pertaining to trade and agriculture

Ayatollah Khomeini Supreme Leader of the Islamic Republic Of Iran 1979-1989

SHARIAH ACCORDOCjlfG TO THE JIHADIS

bull The sharia has forbidden us from taking irfdels as confidants inducting them into our secrets bull The sharia forbids us from appointing infi~ds to impojmiddottant posts bull The shariaforbids us from adopting or prfrlIing the beliefs and views of the infldels bull The shariaforbids us from assisting infideL~ against Muslims even the one who is coerced has no excuse to fight under the banner of the infidels bull The sharia commands us to battle infidelst-both originrzl infidels and apostates as well as hypocrites Asfor waging jihad against tze infidels who have usurped the lands of Islam this is a duty considered second onlyl tr faith by ulemaic consensus bull The sharia does not accept the excuses mc(de by hypocYites--that they befriend the infidels because they fear the vicissitudes oj( lime bull We are duty-bound by the sharia to help jlft~tSlims overcome the infidels

Ayman al-Zawahiri Al Qaeda jeologue

Democracy is based on the principle ofth[ power ofcleatures over other creatures and rejects the principle of God s absolute power over all ueatures it is also based on the idea that mens desires whatever they may b c~ replace God absolutely and on the refusal to obey Gods law In Islam when there is a disagreement or a difference of opinion one refers to God his Prophet an~ the commc1ds ofsharia

Ayman al -2aw ahiri Al Qaeda[deologue

From the point of view of ideology and sh6lria we are -equired to establish Gods rule over any part of this earth regardless ofpGrticularities and details This can only happen however if the nation adopts this ideology and safeguards it

Sayyed Hassan Nasrallah l-lead of Hizballah

The laws of the shari a embrace a diversetbody of laYs and regulations which amounts to a complete social system In this system rflaws all the needs ofman have been met his dealings with his neighborsfeLlow citizens and clan as well as children and relatives the concerns ofprivate and mariat Life regUlations concerning war and peace and intercourse with other nations penal c4ni commercial law and regulations pertaining to trade and agriculture

Ayatollah Khomeini Supreme Leader of the Islamic Republic Of Iran 1979-1989

Reason also dictates that we establish a g(vlernment in order to be able to ward off aggression and to defend the honor of the vllslims in cuse ofattack The shariafor its part instructs us to be constantly ready to detend oursetves against those who wish to attack us

yatollah Khomeini Supreme l~ader of the Islamic Republic gtf Iran 199-1989

It will be the duty of the Muslims to engage in an armed jihad against the ruling group in order to make the policies ruling society and the norms ofgovernment conform to the principles and ordinances of Islam

Ayatollah Khomeini ~ ~ upreme L~ader of the Islamic Republic OfIran 19i 9-1989

Ifthe enemy attacks the lands ofthe Musli~ j or the ir 1gt0rders it is the duty ofall Muslims to defend them by any means possiple including the sacrificing ofones life and the expenditure ofones wealth With respe(it 0 this matter there is no need to seek the permission from a shari a judge

Ayatollah Khomeini 5upreme LI~ader of the Islamic Republic )fIran 199-1989

~eg(jrding wh~ch sh~17ed understan~ings eiamiddottly is itpossible that we agree with the

lmmorul UmiddotesL What commonalUles if our joundatzoiiS contradict rendenng useless

the shared exrremilies-ifLhey even exist F(~1 practically everything valued by the

immoral West is condemned under sharia fa1J As for this atmosphere ofshared

understandings what evidence is therefor iVbslims to strivefor this What did the

Prophet the Companions after him and [he I ighteousfrrebears do Did rhey vF(fge jihad

against the infidels attacking them all over ( e earrh ir order to place them under the

suzerainty ofIslam in great humility and subr ission Oi did they send messages to

discover shared understandings between themselves end the infidels in order that they I

may reach an understanding whereby universa peace s~curity and natural relations

would 5pread-in such a satanic manner as this The shnria provides a true and just

path securing jvfuslims and providing peace 0 the worid

OfFensive Jihadis (are) an established anc basic tenet ofthis religion It is a religious

duly rejected only by the most deluded So h01 can they call ofthis religious obligation

[Oflensive Jihad while imploring the West to understandings and talks under the

umbrella ufjustice morality and rights The essence 9all this comes from right inside

the halls othe United Nations instead oftAu Divine olmdations that are built upon hating the infidels repudiating them with tJ1rgue and teeth till they embrace [slam or pay

the jizya [tribute with willing submission C4Yi humility Muslims and especially the

learned among them should spread shari4 IIW to the Ivorld-that and nothing else Not laws under the umbrella ofjustice morallily and rights as understood by the masses

No the sharia of Islam is the foundation

They say that our sharia does not impose Olit particulr]I beliefs upon others this is a

false assertion For it is in fact part ofoJ Ieligion to impose our particular beliefs upon others

Thus whoever refuses the principle ofterl~jismJ agml1st the enemy aso refuses the commandment ofAllah the Exalted the M[c il High a id His sharia

OS8ma Bin Laden

umbrella ufjustice morality and rights The essence 9all this comes from right inside

the halls othe United Nations instead oftAu Divine olmdations that are built upon hating the infidels repudiating them with tJ1rgue and teeth till they embrace [slam or pay

the jizya [tribute with willing submission C4Yi humility Muslims and especially the

learned among them should spread shari4 IIW to the Ivorld-that and nothing else Not laws under the umbrella ofjustice morallily and rights as understood by the masses

No the sharia of Islam is the foundation

They say that our sharia does not impose Olit particulr]I beliefs upon others this is a

false assertion For it is in fact part ofoJ Ieligion to impose our particular beliefs upon others

Thus whoever refuses the principle ofterl~jismJ agml1st the enemy aso refuses the commandment ofAllah the Exalted the M[c il High a id His sharia

OS8ma Bin Laden

FAILURE TO DISCLOSE TIDE TRUE NATURE OF SHARIAH

Many fmanciers and institutions involved ir~ Islamic finance especially in the West are doubtless motivated by the lure of~ ubstantial profits from Middle Eastern petrodollars However for those Islamic idEtCiogues who actually invented the concept of Islamic fmance and are actively promoting It around the world Islamic finance has less to do with fmance than with Islam And giyrn the backgrounds of many of these people not just any kind of Islam but the most radical fascist-Lke sects of Islam Radical Islam is a hate-filled militant ideology not unlike Nazism anc communism that ultimately seeks to dominate Western civilization and r_p lace its values

Islamic finance is not just an innocent althOl gh curiom form of free market capitalism Islamic fmance was conceived and is practiLd as one ofthe key instruments of the radical Islamist movement in its struggle aganst the West

The nain ~oncepts and pri~cipIes invoked ip Is~amic f~lance need to be exammed m some detaIl Fust and foremos this must lllcIude the doctnne of shariah itself since every Islamic finance instrumer~t and scheme must be shariah-compliant to be considered legitimate Indeed strict shariah cdherence i~ the sole criterion of whether or not a given fmancial transaction is Islamic

There are two constants that virtually all IsljpoundlJnic fmanc1I institutions and affiliated organizations have in common their insistLce that the industry must adhere strictly to the tenets of shariah law and their conSpiCUl)llS failure tc explain to their customers what shariah law actually is and what shariah calis for apart from its prohibition of interest and obligation to alms giving

This is no a coincidence It is an intentionallelfort by th~ practitioners oflslamic fmance to conceal the true nature of shariah becaus(evealing that philosophy and its detailed prescriptions to prospective investors and lite wider audience beyond would almost certainly cause a backlash against the whol~ concept ofslamic finance and justifiably put its very legitimacy in question

This is a major obstacle for Western institu11

ions offerin~ Islamic finance particularly in America because their failure to disclose wht sh-otriaheally advocates amounts to willful and probably fraudulent misrepresentation

When one discovers the true nature of sharirh and realizes that Islamic finance is really just a euphemism for shariah-compliant fmaLce the ine~capable conclusion is that this whole movement into the financial realm i~ the West and especially the US is without a doubt part of a broader effort to legitimize shariah

And shariah is the cornerstone of the ideology of radical Islam Far from being just a few rules and regulations dealing with the Islam~c legality of interest or almsgiving Islamic finance embraces and promotes shariah as ~n lnstrumenl of Islamization-a process by which radical Islam slowly subverts existing odes law~ customs and cultures

A brief overview of some of the objectives I Islalnic banking as articulated by various shariah scholars themselves makes this abruiJcmtly clear as this example demonstrates

First and foremost an Islamic organizatio lUSt serve 30d It must develop a distinctive corporate culture the main purpQ5 c of which is to create a collective morality and spirituality which when combined with the product on of goods and services sustains the growth and advancement of theiLlamic way of life (Nasser M Suleiman Corporate Governance in Islamic Banking available at wwwalbabcomarabeconlnsbankshtm)

Given shariahs critical role in Islamic fina C any undcrstanding ofIslamic [mance must first come to terms with shariah and itjull implictions

According to Islamic scholars shariah is sirpply God-ordained sacred Islamic law that rules each and every aspect of a Ml~~Jims life It is immutable not subject to any change or interpretation and valid for all tirr~E j and plac~s Since the rise of radical Islam especially since the Islamic Revolution in I~a in the late 1970s shariah has gained even more in importance and is now widely prorrlc ted by Islc nist ideologues as the spiritual socio-political and economic panacea for all ills real or tmagined afflicting the Muslim community

The reality of shariah is quite different Far from being God-ordained and sacred shariah IS

mostly a post-Quranic man-made medieval octrine tha~ is almost completely at odds with modern norms of human rights

Shariah though claiming to originate from tbe Quran j ~ a politicized interpretation of the Muslim scriptures and is as a result often much mc e radical than its sources Here are just a few examples of shariah principl~s They come from the authoritative shariah compendium of the Shafii school of jurispnk ence The Reliance of The Traveler The Classic Manual of Sacred Law

Shariah on family law

I bull A woman is eligible for only half of the ilbheritcmce of a man bull A virgin may be married against her will ~r her father or grand-father bull An Arab woman may not marry a non-Ar-a man bull A woman may not leave the house witho~t her husba ds permission bull A Muslim man may marry four women i)lcluding CListians and Jews a Muslim

woman can only marry a Muslim I bull Beating an insubordinate wife is permissifble

Shariah on Jihad and religion

bull Offensive military jihad against non-Mwhms is a reLgious obligation

bull Apostasy from Islam is punishable by deat 1 without trial bull Non-Muslim subjects of a Muslim state ~rc subject to discriminatory (dhimmi) laws

bull It is permissible to bribe non-Muslims to (Convert them to Islam bull Lying to infidels in time ofjihad is permi~ ble

Shariah on human rights

bull Homosexuals and lesbians must be killed bull Slavery is permitted and legitimate I bull A Muslim man has unlimited sexual righ1S over slave women whether they are

married or not bull Female sexual mutilation (cliterectomy) is obligatory bull Adultery is punished by death by stoning bull A womans testimony in court is worth o)llly half of that of a man (and only in cases

involving property)

There are only three nations on earth which2le ruled by strict shariah doctrine Iran Saudi Arabia and Sudan (though dozens of other nation~ incorporate or subordinate their legal systems to shariah as well) The fact tl~al each of1tese countries has a dismal human rights record is no coincidence In fact their atrocious human rights policies are the very essence of shariah It is also no coinc idence thcL each of these three nations is deeply involved with militant Islamist terro i ~m in one day or another

I Iran is of course the worlds most active stafe sponsor of Jihadist terrorism with a record of aiding Hezbollah HAMAS Palestinian Ilshnnic Jihad and even Al Qaeda

Sudan is a state sponsor of terrorism as well at ore time hosting terrorist training camps for Al Qaeda Hezbollah and HAMAS But Sudan is best known for genocide That genocide for which the Islamist regime in Sudan is knOiffi so well has been corrunitted at least partially and certainly mostly to impo e shariah law on the southern part of Sudan and the Darfur region

Finally there is Saudi Arabia Saudi Arabia s official state religion Wahhabism gave birth to Al Qaeda and has promoted Islamid lttremism around the world It is no accident that 15 of the 19 September 11 th hijackers cilid a rnajorit~r of the foreign fighters captmed in Iraq were Saudi

The reactionary extremist nature of shariaIj L likely the main reason why it is the core doctrine of radical Islam and shariahs implementationl3 the number one objective of the radical Islamic movement

LACK OF DISCLOSURJE OF SHAJl1AH SCHOLARS

Western banks have latched on to Shariah1Compliant tinance due to the lure of money This is of course understandable What is 10 ither understandable nor excusable is their lack of due diligence when it comes to the hard-line Islamists they have retained as shariah advisors

Shariah advisors are absolutely essential fCH orporations funds and banks to remain I

shariah-compliant These sheikhs and mu~i~ go hrough years of training in shariah law in placed like Jeddah Saudi Arabia and m Eques in PGstan and other countries Unfortunately often these scholars are als(~ Tihadists

I There are cases in whic unerica~ financii~1 institutios have employed shariah advisors that openly advocate sUICIde bombmg and~had agmmi the West For example SheIkh Yusuf al-Qaradawi one of the leading shar iah scholars in the world of finance has referred to shariah-compliant finance as ~ih3d with money and has also provided this stark explanation God has ordered us to I ht enemies with our lives and with our money

Another example is that of Mufti Taqi USfJani a radl al sheikh from Pakistan who at one time chaired the shariah advisory board of the DOVI Jones Islamic Index and still sits on the shariah advisory boards in the US ard elsewhere in the West Usmani is a key executive with the very madrassa in Pakis~a~ that spavvned the Taliban and he recently publicly endorsed suicide bombing

In case you think that Qaradawi and Usmani are just is )lated examples here is a brief dossier on several more shariah scholars tl~c ( are now eing paid by Western financial institutions

Sheikh YusufTalal DeLorenzo served as an acvisor on Islamic affairs to the radical and tyrannical President of Pakistan Zia ul-Haq from 1981 to 1984 More recently he has become known as the Director of Educatio for the Islamic Saudi Academy in Fairfax Virginia an institution in the news recently when the US Commission on International Religious Freedom found the academy war distributing hate literature and radical Islamist propaganda in the form of textbooks Most of DeLorenzos training in Pakistan took place at a mosque that human rights yenroups have jdentified as having close ties to terrorist groups DeLorenzo sits on the shariah advisOI~( boards of several banks and institutions including the Dow Jones Islmm c Market h dex

bull Mohammed Kaiseruddin has been tied to the Bridgeview Mosque in the Chicago area a mosque at which preachers have conderrlrJ~d Western culture praised suicide bombers and encouraged members to view society rMuslims against the world The North American Islamic Trust an entity named ellS an unindicted co-conspirator in the Holy Land Foundation terrorism financing trialllolds title to the Bridgeview Mosque Foundation Kaiseruddin is an advisor to J~Lc Dew Jones Islamic Market Index

middot Abdullah Idris Ali is associated with th~ jv1uslim World League and the World Assembly of Muslim Youth which are or~OJlizations ~nawned by the Saudi Wahhabist movement Both have been linked to Al Har-amain a ~bull mdi charity recently cited by the US for funding terrorist groups including AI Qaeda PJi is also the founder of the web site Islamicity which openly advocates w1ti_ngs denonncing Christians and Jews and advances an extremist view of Jihad to fig the enemes ofIslam Ali is a board member of unindicted co-conspirator North AJnerican slamic Trust

bull Bassam Osman has been associated witl~ 1e Quranic Literary Institute and the Islamic Academy of Florida both of which have been indicted by the federal government He has also served as the chairman of the North Ajrnerican Islamic Trust which as previously mentioned was named an inindicted co-cdnipirator in he Holy Land Foundation terrorism financing trial Osman is the Pre~)ident of the Dow Jones Islamic Index and Chairman of Allied Asset Advisors (AAA)

None of these disturbing beliefs and affiliatiDns have c(en disclosed to the investors potential investors or other clients of West~In including American funds and banks

I By employing radical Islamists as shariah ~ visors and paying them handsomely US financial institutions are providing indirecti financial SL Jport for Islamic extremism and even terrorism at the same time that they are bringing those radical Islamists into the innermost sanctums of Western capitalism To top it all off the radical Islamists are pursuing a campaign of subversion to infil1rte and de~-roy Western civilization

Due diligence and disclosure with regard t(~ shariah scholars is especially important because of the issues of zakat and purifica~ n Shariahmiddotcompliant institutions must donate 1140th of their income to charity as lt~ religous obligation each year (zakat) Other

I funds must be purified through the same kilnmiddotl of donations These amounts are deducted and donated to charity by the shariah advisomiddots There has even been a plan proffered to establish a central clearinghouse to distribl[tf such domtions This is obviously a problem since outright enemies of Western civilizatf n are maktng such decisions with no disclosure of any information relevant to z~lat or purification

SHEIKH YUSUlF AL-QiLRADAWI

bull President-Union of Good (an umbrella Iroup of 3 Muslim charities designated as a terrorist entity by the US Treasury Df partment) Saudi Arabia

bull Chairman (in absentia)-Board of Trust rmiddot es of Islamic American University USA

bull Founder and President-International Ass)ciation of Muslim Scholars

bull President-European Council for Fatw~ md Research Ireland

bull Trustee-Muslim American Society USr

F

bull Trustee-Islamic Circle of North Americt (lCNA) USA

bull Chairman-Shariah Advisory Board of Hank AI-Taqwa a Shariah-Compliant Bank that was declared a terrorist entity by thje US Department of the Treasury in 2001 Bahamas

bull Chairman-Shariah Advisory Board Q-tar Islamic Bank Qatar

bull Chairman-Shariah Advisory Board Qatar Interna tional Islamic Bank Qatar

bull Member-Shariah Advisory Board Fir3t Islamic In vestment Bank of Bahrain Bahrain

Qaradawi is the Sunni Islamic worlds fo remost Shariah scholar and the ideological mentor of the Muslim Brotherhood the $randaddy (If all Jihadist terrorist groups

He is banned from entering the US and tl1E UK for hi ties to extremism and terrorist organizations In 2001 Shei~h Qaradaw~ as the chairm~n oftheShariah Advisory Board of Bank al-Taqwa WhiCh was shu~ down by the United NatIOns and the US Treasury Department for funneling largcent Imounts o f money to several Jihadist terrorist organizations including Ayman l-Zawahi r is Egyptian forerunner of Al Qaeda Much of the money came through a Shariah-Compliant real estate firm in

1

New Jersey and the money was funneled to the terrorist groups as zakat payments to charities

I The US Treasury Department has design1aed the Un ion of Good an umbrella group of 53 charities run out of Saudi Arabia ak l terrorist entity Qaradawi runs the Union of Good

Qaradawi has provided the doctrinal ba) is for Islam c charities and zakat funding violent Jihad for eve ryone in the world to ee

States Information leaked later by some IOJ the cleric) present at the meeting indicates that the delegation may have i middotact tried~o stiffen the Talibans will to resist

Usmani is a prolific writer in Urdu ArabiClnd Engli~h having published dozens of books and countless articles

Among his books available in English is al vitriolic atl3ck on Christianity called What is Christianity and a broadside against the West and modernity called Islam and Modernism

Here is one particularly revealing quote llr Jm Islam and Modernism

Killing is to continue until the unbeliever~ pay jizyah (subjugation tax) after they are humbled or overpowered

Usmani is well-known for his uncomprOJ~jsing vieV) on the mandatory nature of conducting offensive jihad against non-vl [slims in order to establish the supremacy of Islam worldwide

Usmani also complained bitterly at the lack of martvrs to combat American forces in Iraq

No one is found having any desire ofSha~fjmiddotdah (maryrdom) How many mothers are there who want to sacrifice their sons for the cause of Isla m How many sisters are there who want to say goodbye to their brothers depc rting to wage jihad against nonshybelievers

Usmani referred to Americans in Iraq asi stinking atheists and the worst ever butchers and vultures of the world whc) a re clawing off the flesh of bodies of innocent Iraqi Muslims

According to what Usmani has said and written agl ressive jihad against unbelievers is an Islamic obligation and as such doEes not need any justification

For a non-Muslim state to have more ponD and gloy than a Muslim state itselfis an obstacle therefore to shatter this grandcentur is among the greater objectives ofjihad

For Taqi Usmani offensive jihad can be postponed imiddotor a time only in cases when the Muslims in question are not strong enopth to battle or otherwise challenge the infidels And so he advises the Muslimsl tJ live peacefully in countries like Britain for instance but only until they gain enongh powezmiddot to carry out jihad

LACK OF DISCLOSURJE OF SHAJl1AH SCHOLARS

Western banks have latched on to Shariah1Compliant tinance due to the lure of money This is of course understandable What is 10 ither understandable nor excusable is their lack of due diligence when it comes to the hard-line Islamists they have retained as shariah advisors

Shariah advisors are absolutely essential fCH orporations funds and banks to remain I

shariah-compliant These sheikhs and mu~i~ go hrough years of training in shariah law in placed like Jeddah Saudi Arabia and m Eques in PGstan and other countries Unfortunately often these scholars are als(~ Tihadists

I There are cases in whic unerica~ financii~1 institutios have employed shariah advisors that openly advocate sUICIde bombmg and~had agmmi the West For example SheIkh Yusuf al-Qaradawi one of the leading shar iah scholars in the world of finance has referred to shariah-compliant finance as ~ih3d with money and has also provided this stark explanation God has ordered us to I ht enemies with our lives and with our money

Another example is that of Mufti Taqi USfJani a radl al sheikh from Pakistan who at one time chaired the shariah advisory board of the DOVI Jones Islamic Index and still sits on the shariah advisory boards in the US ard elsewhere in the West Usmani is a key executive with the very madrassa in Pakis~a~ that spavvned the Taliban and he recently publicly endorsed suicide bombing

In case you think that Qaradawi and Usmani are just is )lated examples here is a brief dossier on several more shariah scholars tl~c ( are now eing paid by Western financial institutions

Sheikh YusufTalal DeLorenzo served as an acvisor on Islamic affairs to the radical and tyrannical President of Pakistan Zia ul-Haq from 1981 to 1984 More recently he has become known as the Director of Educatio for the Islamic Saudi Academy in Fairfax Virginia an institution in the news recently when the US Commission on International Religious Freedom found the academy war distributing hate literature and radical Islamist propaganda in the form of textbooks Most of DeLorenzos training in Pakistan took place at a mosque that human rights yenroups have jdentified as having close ties to terrorist groups DeLorenzo sits on the shariah advisOI~( boards of several banks and institutions including the Dow Jones Islmm c Market h dex

bull Mohammed Kaiseruddin has been tied to the Bridgeview Mosque in the Chicago area a mosque at which preachers have conderrlrJ~d Western culture praised suicide bombers and encouraged members to view society rMuslims against the world The North American Islamic Trust an entity named ellS an unindicted co-conspirator in the Holy Land Foundation terrorism financing trialllolds title to the Bridgeview Mosque Foundation Kaiseruddin is an advisor to J~Lc Dew Jones Islamic Market Index

middot Abdullah Idris Ali is associated with th~ jv1uslim World League and the World Assembly of Muslim Youth which are or~OJlizations ~nawned by the Saudi Wahhabist movement Both have been linked to Al Har-amain a ~bull mdi charity recently cited by the US for funding terrorist groups including AI Qaeda PJi is also the founder of the web site Islamicity which openly advocates w1ti_ngs denonncing Christians and Jews and advances an extremist view of Jihad to fig the enemes ofIslam Ali is a board member of unindicted co-conspirator North AJnerican slamic Trust

bull Bassam Osman has been associated witl~ 1e Quranic Literary Institute and the Islamic Academy of Florida both of which have been indicted by the federal government He has also served as the chairman of the North Ajrnerican Islamic Trust which as previously mentioned was named an inindicted co-cdnipirator in he Holy Land Foundation terrorism financing trial Osman is the Pre~)ident of the Dow Jones Islamic Index and Chairman of Allied Asset Advisors (AAA)

None of these disturbing beliefs and affiliatiDns have c(en disclosed to the investors potential investors or other clients of West~In including American funds and banks

I By employing radical Islamists as shariah ~ visors and paying them handsomely US financial institutions are providing indirecti financial SL Jport for Islamic extremism and even terrorism at the same time that they are bringing those radical Islamists into the innermost sanctums of Western capitalism To top it all off the radical Islamists are pursuing a campaign of subversion to infil1rte and de~-roy Western civilization

Due diligence and disclosure with regard t(~ shariah scholars is especially important because of the issues of zakat and purifica~ n Shariahmiddotcompliant institutions must donate 1140th of their income to charity as lt~ religous obligation each year (zakat) Other

I funds must be purified through the same kilnmiddotl of donations These amounts are deducted and donated to charity by the shariah advisomiddots There has even been a plan proffered to establish a central clearinghouse to distribl[tf such domtions This is obviously a problem since outright enemies of Western civilizatf n are maktng such decisions with no disclosure of any information relevant to z~lat or purification

SHEIKH YUSUlF AL-QiLRADAWI

bull President-Union of Good (an umbrella Iroup of 3 Muslim charities designated as a terrorist entity by the US Treasury Df partment) Saudi Arabia

bull Chairman (in absentia)-Board of Trust rmiddot es of Islamic American University USA

bull Founder and President-International Ass)ciation of Muslim Scholars

bull President-European Council for Fatw~ md Research Ireland

bull Trustee-Muslim American Society USr

F

bull Trustee-Islamic Circle of North Americt (lCNA) USA

bull Chairman-Shariah Advisory Board of Hank AI-Taqwa a Shariah-Compliant Bank that was declared a terrorist entity by thje US Department of the Treasury in 2001 Bahamas

bull Chairman-Shariah Advisory Board Q-tar Islamic Bank Qatar

bull Chairman-Shariah Advisory Board Qatar Interna tional Islamic Bank Qatar

bull Member-Shariah Advisory Board Fir3t Islamic In vestment Bank of Bahrain Bahrain

Qaradawi is the Sunni Islamic worlds fo remost Shariah scholar and the ideological mentor of the Muslim Brotherhood the $randaddy (If all Jihadist terrorist groups

He is banned from entering the US and tl1E UK for hi ties to extremism and terrorist organizations In 2001 Shei~h Qaradaw~ as the chairm~n oftheShariah Advisory Board of Bank al-Taqwa WhiCh was shu~ down by the United NatIOns and the US Treasury Department for funneling largcent Imounts o f money to several Jihadist terrorist organizations including Ayman l-Zawahi r is Egyptian forerunner of Al Qaeda Much of the money came through a Shariah-Compliant real estate firm in

1

New Jersey and the money was funneled to the terrorist groups as zakat payments to charities

I The US Treasury Department has design1aed the Un ion of Good an umbrella group of 53 charities run out of Saudi Arabia ak l terrorist entity Qaradawi runs the Union of Good

Qaradawi has provided the doctrinal ba) is for Islam c charities and zakat funding violent Jihad for eve ryone in the world to ee

States Information leaked later by some IOJ the cleric) present at the meeting indicates that the delegation may have i middotact tried~o stiffen the Talibans will to resist

Usmani is a prolific writer in Urdu ArabiClnd Engli~h having published dozens of books and countless articles

Among his books available in English is al vitriolic atl3ck on Christianity called What is Christianity and a broadside against the West and modernity called Islam and Modernism

Here is one particularly revealing quote llr Jm Islam and Modernism

Killing is to continue until the unbeliever~ pay jizyah (subjugation tax) after they are humbled or overpowered

Usmani is well-known for his uncomprOJ~jsing vieV) on the mandatory nature of conducting offensive jihad against non-vl [slims in order to establish the supremacy of Islam worldwide

Usmani also complained bitterly at the lack of martvrs to combat American forces in Iraq

No one is found having any desire ofSha~fjmiddotdah (maryrdom) How many mothers are there who want to sacrifice their sons for the cause of Isla m How many sisters are there who want to say goodbye to their brothers depc rting to wage jihad against nonshybelievers

Usmani referred to Americans in Iraq asi stinking atheists and the worst ever butchers and vultures of the world whc) a re clawing off the flesh of bodies of innocent Iraqi Muslims

According to what Usmani has said and written agl ressive jihad against unbelievers is an Islamic obligation and as such doEes not need any justification

For a non-Muslim state to have more ponD and gloy than a Muslim state itselfis an obstacle therefore to shatter this grandcentur is among the greater objectives ofjihad

For Taqi Usmani offensive jihad can be postponed imiddotor a time only in cases when the Muslims in question are not strong enopth to battle or otherwise challenge the infidels And so he advises the Muslimsl tJ live peacefully in countries like Britain for instance but only until they gain enongh powezmiddot to carry out jihad

middot Abdullah Idris Ali is associated with th~ jv1uslim World League and the World Assembly of Muslim Youth which are or~OJlizations ~nawned by the Saudi Wahhabist movement Both have been linked to Al Har-amain a ~bull mdi charity recently cited by the US for funding terrorist groups including AI Qaeda PJi is also the founder of the web site Islamicity which openly advocates w1ti_ngs denonncing Christians and Jews and advances an extremist view of Jihad to fig the enemes ofIslam Ali is a board member of unindicted co-conspirator North AJnerican slamic Trust

bull Bassam Osman has been associated witl~ 1e Quranic Literary Institute and the Islamic Academy of Florida both of which have been indicted by the federal government He has also served as the chairman of the North Ajrnerican Islamic Trust which as previously mentioned was named an inindicted co-cdnipirator in he Holy Land Foundation terrorism financing trial Osman is the Pre~)ident of the Dow Jones Islamic Index and Chairman of Allied Asset Advisors (AAA)

None of these disturbing beliefs and affiliatiDns have c(en disclosed to the investors potential investors or other clients of West~In including American funds and banks

I By employing radical Islamists as shariah ~ visors and paying them handsomely US financial institutions are providing indirecti financial SL Jport for Islamic extremism and even terrorism at the same time that they are bringing those radical Islamists into the innermost sanctums of Western capitalism To top it all off the radical Islamists are pursuing a campaign of subversion to infil1rte and de~-roy Western civilization

Due diligence and disclosure with regard t(~ shariah scholars is especially important because of the issues of zakat and purifica~ n Shariahmiddotcompliant institutions must donate 1140th of their income to charity as lt~ religous obligation each year (zakat) Other

I funds must be purified through the same kilnmiddotl of donations These amounts are deducted and donated to charity by the shariah advisomiddots There has even been a plan proffered to establish a central clearinghouse to distribl[tf such domtions This is obviously a problem since outright enemies of Western civilizatf n are maktng such decisions with no disclosure of any information relevant to z~lat or purification

SHEIKH YUSUlF AL-QiLRADAWI

bull President-Union of Good (an umbrella Iroup of 3 Muslim charities designated as a terrorist entity by the US Treasury Df partment) Saudi Arabia

bull Chairman (in absentia)-Board of Trust rmiddot es of Islamic American University USA

bull Founder and President-International Ass)ciation of Muslim Scholars

bull President-European Council for Fatw~ md Research Ireland

bull Trustee-Muslim American Society USr

F

bull Trustee-Islamic Circle of North Americt (lCNA) USA

bull Chairman-Shariah Advisory Board of Hank AI-Taqwa a Shariah-Compliant Bank that was declared a terrorist entity by thje US Department of the Treasury in 2001 Bahamas

bull Chairman-Shariah Advisory Board Q-tar Islamic Bank Qatar

bull Chairman-Shariah Advisory Board Qatar Interna tional Islamic Bank Qatar

bull Member-Shariah Advisory Board Fir3t Islamic In vestment Bank of Bahrain Bahrain

Qaradawi is the Sunni Islamic worlds fo remost Shariah scholar and the ideological mentor of the Muslim Brotherhood the $randaddy (If all Jihadist terrorist groups

He is banned from entering the US and tl1E UK for hi ties to extremism and terrorist organizations In 2001 Shei~h Qaradaw~ as the chairm~n oftheShariah Advisory Board of Bank al-Taqwa WhiCh was shu~ down by the United NatIOns and the US Treasury Department for funneling largcent Imounts o f money to several Jihadist terrorist organizations including Ayman l-Zawahi r is Egyptian forerunner of Al Qaeda Much of the money came through a Shariah-Compliant real estate firm in

1

New Jersey and the money was funneled to the terrorist groups as zakat payments to charities

I The US Treasury Department has design1aed the Un ion of Good an umbrella group of 53 charities run out of Saudi Arabia ak l terrorist entity Qaradawi runs the Union of Good

Qaradawi has provided the doctrinal ba) is for Islam c charities and zakat funding violent Jihad for eve ryone in the world to ee

States Information leaked later by some IOJ the cleric) present at the meeting indicates that the delegation may have i middotact tried~o stiffen the Talibans will to resist

Usmani is a prolific writer in Urdu ArabiClnd Engli~h having published dozens of books and countless articles

Among his books available in English is al vitriolic atl3ck on Christianity called What is Christianity and a broadside against the West and modernity called Islam and Modernism

Here is one particularly revealing quote llr Jm Islam and Modernism

Killing is to continue until the unbeliever~ pay jizyah (subjugation tax) after they are humbled or overpowered

Usmani is well-known for his uncomprOJ~jsing vieV) on the mandatory nature of conducting offensive jihad against non-vl [slims in order to establish the supremacy of Islam worldwide

Usmani also complained bitterly at the lack of martvrs to combat American forces in Iraq

No one is found having any desire ofSha~fjmiddotdah (maryrdom) How many mothers are there who want to sacrifice their sons for the cause of Isla m How many sisters are there who want to say goodbye to their brothers depc rting to wage jihad against nonshybelievers

Usmani referred to Americans in Iraq asi stinking atheists and the worst ever butchers and vultures of the world whc) a re clawing off the flesh of bodies of innocent Iraqi Muslims

According to what Usmani has said and written agl ressive jihad against unbelievers is an Islamic obligation and as such doEes not need any justification

For a non-Muslim state to have more ponD and gloy than a Muslim state itselfis an obstacle therefore to shatter this grandcentur is among the greater objectives ofjihad

For Taqi Usmani offensive jihad can be postponed imiddotor a time only in cases when the Muslims in question are not strong enopth to battle or otherwise challenge the infidels And so he advises the Muslimsl tJ live peacefully in countries like Britain for instance but only until they gain enongh powezmiddot to carry out jihad

SHEIKH YUSUlF AL-QiLRADAWI

bull President-Union of Good (an umbrella Iroup of 3 Muslim charities designated as a terrorist entity by the US Treasury Df partment) Saudi Arabia

bull Chairman (in absentia)-Board of Trust rmiddot es of Islamic American University USA

bull Founder and President-International Ass)ciation of Muslim Scholars

bull President-European Council for Fatw~ md Research Ireland

bull Trustee-Muslim American Society USr

F

bull Trustee-Islamic Circle of North Americt (lCNA) USA

bull Chairman-Shariah Advisory Board of Hank AI-Taqwa a Shariah-Compliant Bank that was declared a terrorist entity by thje US Department of the Treasury in 2001 Bahamas

bull Chairman-Shariah Advisory Board Q-tar Islamic Bank Qatar

bull Chairman-Shariah Advisory Board Qatar Interna tional Islamic Bank Qatar

bull Member-Shariah Advisory Board Fir3t Islamic In vestment Bank of Bahrain Bahrain

Qaradawi is the Sunni Islamic worlds fo remost Shariah scholar and the ideological mentor of the Muslim Brotherhood the $randaddy (If all Jihadist terrorist groups

He is banned from entering the US and tl1E UK for hi ties to extremism and terrorist organizations In 2001 Shei~h Qaradaw~ as the chairm~n oftheShariah Advisory Board of Bank al-Taqwa WhiCh was shu~ down by the United NatIOns and the US Treasury Department for funneling largcent Imounts o f money to several Jihadist terrorist organizations including Ayman l-Zawahi r is Egyptian forerunner of Al Qaeda Much of the money came through a Shariah-Compliant real estate firm in

1

New Jersey and the money was funneled to the terrorist groups as zakat payments to charities

I The US Treasury Department has design1aed the Un ion of Good an umbrella group of 53 charities run out of Saudi Arabia ak l terrorist entity Qaradawi runs the Union of Good

Qaradawi has provided the doctrinal ba) is for Islam c charities and zakat funding violent Jihad for eve ryone in the world to ee

States Information leaked later by some IOJ the cleric) present at the meeting indicates that the delegation may have i middotact tried~o stiffen the Talibans will to resist

Usmani is a prolific writer in Urdu ArabiClnd Engli~h having published dozens of books and countless articles

Among his books available in English is al vitriolic atl3ck on Christianity called What is Christianity and a broadside against the West and modernity called Islam and Modernism

Here is one particularly revealing quote llr Jm Islam and Modernism

Killing is to continue until the unbeliever~ pay jizyah (subjugation tax) after they are humbled or overpowered

Usmani is well-known for his uncomprOJ~jsing vieV) on the mandatory nature of conducting offensive jihad against non-vl [slims in order to establish the supremacy of Islam worldwide

Usmani also complained bitterly at the lack of martvrs to combat American forces in Iraq

No one is found having any desire ofSha~fjmiddotdah (maryrdom) How many mothers are there who want to sacrifice their sons for the cause of Isla m How many sisters are there who want to say goodbye to their brothers depc rting to wage jihad against nonshybelievers

Usmani referred to Americans in Iraq asi stinking atheists and the worst ever butchers and vultures of the world whc) a re clawing off the flesh of bodies of innocent Iraqi Muslims

According to what Usmani has said and written agl ressive jihad against unbelievers is an Islamic obligation and as such doEes not need any justification

For a non-Muslim state to have more ponD and gloy than a Muslim state itselfis an obstacle therefore to shatter this grandcentur is among the greater objectives ofjihad

For Taqi Usmani offensive jihad can be postponed imiddotor a time only in cases when the Muslims in question are not strong enopth to battle or otherwise challenge the infidels And so he advises the Muslimsl tJ live peacefully in countries like Britain for instance but only until they gain enongh powezmiddot to carry out jihad

States Information leaked later by some IOJ the cleric) present at the meeting indicates that the delegation may have i middotact tried~o stiffen the Talibans will to resist

Usmani is a prolific writer in Urdu ArabiClnd Engli~h having published dozens of books and countless articles

Among his books available in English is al vitriolic atl3ck on Christianity called What is Christianity and a broadside against the West and modernity called Islam and Modernism

Here is one particularly revealing quote llr Jm Islam and Modernism

Killing is to continue until the unbeliever~ pay jizyah (subjugation tax) after they are humbled or overpowered

Usmani is well-known for his uncomprOJ~jsing vieV) on the mandatory nature of conducting offensive jihad against non-vl [slims in order to establish the supremacy of Islam worldwide

Usmani also complained bitterly at the lack of martvrs to combat American forces in Iraq

No one is found having any desire ofSha~fjmiddotdah (maryrdom) How many mothers are there who want to sacrifice their sons for the cause of Isla m How many sisters are there who want to say goodbye to their brothers depc rting to wage jihad against nonshybelievers

Usmani referred to Americans in Iraq asi stinking atheists and the worst ever butchers and vultures of the world whc) a re clawing off the flesh of bodies of innocent Iraqi Muslims

According to what Usmani has said and written agl ressive jihad against unbelievers is an Islamic obligation and as such doEes not need any justification

For a non-Muslim state to have more ponD and gloy than a Muslim state itselfis an obstacle therefore to shatter this grandcentur is among the greater objectives ofjihad

For Taqi Usmani offensive jihad can be postponed imiddotor a time only in cases when the Muslims in question are not strong enopth to battle or otherwise challenge the infidels And so he advises the Muslimsl tJ live peacefully in countries like Britain for instance but only until they gain enongh powezmiddot to carry out jihad

The meaning ofJihad in our present tim rl- particularl~) refers to striving to liberate Muslim lands from the grip of the disbelievers who usurped-them and imposed on them their own laws in lieu of the Divine Law Tlh ~)se disbelievers may be Jews Christians or both or even pagans who follow no partiau ar religion at all Disbelievers are all alike

Capitalists Communists Westerners Eastei middotnen~ Peorle of the Book and pagans are by I

no means differentfrom one other They s~ culd all be fiercely fought if they attempt to occupy any part ofthe Muslim land This qLty falls on those closest to the occupied land who should be aided by those closestr fD them wfo in turn ought to be aided by those closest to them till it becomes incunrbent on all Muslims to take part in Jihad

Muslims have never been more severely alflicted than they are nowadays Many of their lands have been captured by the dislfd ievers or top ofwhich is Palestine that has fallen victim to corruptJews Similarly Kcshmir has bgen dominated by pagan Hindus Chechnya and other Islamic states have f qlen in the grip ofpagan tyrannical communism

Retrieving these lands freeing them from tI e clutches ofatheists and their twisted laws is the joint responsibility ofall Muslims Declarirlg Jihad to save our land is an Islamic obligation

Ifwar is waged anywhere to achieve this (Jo al namely to free the occupied lands ofthe laws and the tyranny ofdisbelievers it is yndoubtedly a case ofJihad for the sake of Allah It thus needs to be financed from the money ofZakah the amount ofwhich is to be decided based on the total sum ofthe ohHity the 19quirements ofJihad as well as the de(lree of the need ofother potential rie(~ipients ofcharity This is all to be decided by relIable scholars if they are to be founmiddot

Qaradawi has written extensively in supp ~) rt of martyrdom operations (suicide bombings) against Israelis and Americarb And here are Sheikh Qaradawis views on womens rights

IfBeating is not suitable for every Wife it it suitable fe certain wives and for other wives it is not There is a woman who canrJt agree to being beaten and sees this as humiliation while some women enjoy th f1 b9ating anclfor them only beating to cause them sorrow is suitable I

In the financial realm back in October 2 L8 Qaradawi called for Islamic finance to replace capitalism In 2006 he told the E3 BC that he liked to refer to ShariahshyCompliant Finance as Jihad with money Jecause Ifellah teaches us to fight our enemies with weapons and our money

Finally Qaradawi is a vicious ant-semite md 2dmir ET of Adolf Hitler

httpwwwyoutubecomwatchv=HStl-DnVI6Qamp72ature=share

MUFTI Tj~II USlI[ANI

bull Accounting and Auditing Organization or Islamic Financial Institutions International (Chairman of $hariah Sta -dard Council)

I

bull Central Bank of Bahrain Bahrain (Chain nan of Shariah Board)

bull Amana Investments Limited Sri Lanka Chai irman of Shariah Board)

Abu Dhabi Islamic Bank UAE (Chairman of Shariah Board)

Guidance Financial Group USA (Chairman of Shariah Supervisory Board)

Meezan Bank Pakistan (Chairman of Sh ri ah Board]

BankIslami Pakistan Limited (Chairman lor Shariah Eoard)

Pak Qatar Takaful (Chairman of Shariah BDard)

Maldives Islamic Bank (Chairman of Sha Lth Board)

Dow Jones USA (Former Chairman of Sha iah Advisory Board)

I HSB( UK (Former Chairman of Shariah Al visory Board)

Mufti Taqi Usmani is probably the most i nfluential~ hariah scholar in the financial world Until his hateful Jihadist militant cedo was (xposed to the public Usmani headed HSBCs Shariah council as well af hat of Dow Jones (This shows how clueless and reckless the financial worldl actually is vhen it comes to true due diligence on Shariah-Compliant FinanceD Usmani is still the chair of the Accounting and Auditing Organization felf Islal1ic F1ancial Institutions one of the major industry bodies This makes Usmcl j one Ofth2 most powerful men in the world of Shariah Finance

Usmani receives compensation from dOlens of banks and investment firms Guidance Financial Group in the USA

Before cashing in with the private secto ) Usmani was a Shariah judge on the Supreme Court of Pakistan for 20 years

Usmani is also a complete Jihadist

In September 2001 Usmani was part of a mall delegation of clerics known to be sympathetic to the Taliban in Afghanistal and trave led there to ostensibly convince Mullah Omar the leader of the Taliban Vo turn over Osama Bin Laden to the United

FAILURE TO DISCLOSE ZfKAT AND PURIFICATION

According to shariah every Muslim who is a hle must aonate 140 or about 25 of hisher income to charity as a religious obli~cion This apparatus is known as zakat and it applies to businesses including banld nvestment funds and corporations just as it applies to individuals

Due to the amount of money managed by shaliah-compliant banks funds and in the coffers of shariah-compliant corporations a~i vell the amounts donated through zakat may run into hundreds of millions perhaps een billion~ of dollars

In no known instance has it been disclosed twzakat is collected or distributed in the system of shariah-compliant finance

We do know a few facts relevant to the distJiJUtion of zakat however

bull Zakat is one of the five pillars of Islam anltt 3ccording to the Koran among the seven purposes toward which zakat must be donated are those who are fighting in the cause of Allah ie mujahideen

bull The three largest Muslim charities in the US have all been shut down by the US Justice Department for ties to terrolist financing And recently the US Treasury Department designated a major Saudi charity the Al Ha~anain Islamic Foundation (AHF) for having provided financial and material support to Al Qaeda and a wide range of other terrorists and terrorist organizations AHF has office~ en d operations in at least 13 nations (including the US) in North America Asia nd Europe In 2006 the US Treasury Department also designated the International Islamic Relief Organization a terroristshyfinancing entity for providing funding to AllQaeda

bull These are just a few examples of numero~s other Islamic charities that have been tied to terrorism Among the other Muslim chariti~s chat have ~een identified as funding terror are the Egyptian Human Relief Agency (EHRA) Foundation for Human Rights Liberties amp Humanitarian Relief (IHH) Th Zakct Foundation of America (TZFA) Benevolence International Foundation Care Internatiortll Islamic American Relief Agency and the Holy Land Foundation for R middotelief and Development

bull Saudi billionaire Saleh Kamel and sharia~ ~cholar YO dsuf al-Qaradawi have proposed a syste~ u~der w~ich zakat would be collectltrc and distributed by a cent~al international orgamzatIOn ThiS concept has already beer]l endo~sed bl the OrgamzatIOn of the IslamiC Conference (OIC) Given that both Kamel and Qaradawi have ties to extremism and

I Saudi Arabia source of the lion s share of funding for Al Qaeda dominates OIC the implications of such a proposed system are frightening

But even without a centralized system to c r~ct and di ~ tribute zakat funds there is a lot more we dont know about zakat and there i~ a tremencnus amount of money involved

I As previously stated there is currently no dismiddotlosure as to the destination of zakat funds from shariah-compliant financial institution$

Zakat is only part of the problem of disclosur A similar but potentially even larger issue is that of purification

Should in the course of business it be discdvered that fLmds managed by a shariahshycompliant bank or investment fund inadvert~ntly benefid from interest (which is prohibited under shariah) or from a busines err industry ~ngaged in a prohibited activity (such as pork alcohol or gambling for example) the proceeds from that investment must be purified This is done through donatiorso charitie~i very much the way that zakat works

Again there is no known disclosure anYWh~r about the destination of purified funds or the decision-making process surroundingl rurificatioL This system seems especially ripe for fraud abuse and money laundering1 s inceat lea~t theoretically an asset manager could intentionally invest funds in a prohibited activitydith the actual intention of channeling funds to a charity tied to extremls1 or terrorism through the system of purification

ZAlKAT AND IS~lM]C CHARITIES

1

Zakat is a form of tithing in Islam in whi(~]- Muslims lNho are able tobdo so donate 25 of their wealth (5 for Shia) Zakat very iml)ortant in Islam and is considered one of the five pillars of IsIan~

I Modern administration of zakat often invDlves IsIan-ic charities and governments

Zakat is a concern because as the bipard~an 9-11 Commission Report detailed it has in fact been used to fund Al Qaeda arll( other teflorist groups

From page 170 of the 911 Commission R~port

Al Qaeda and its friends took advantage qj(slamsstnng calls for charitable giving zakat These financial facilitators also appeared to rely heavily on certain imams at mosques who were willing to divert zakalt donations to al Qaedas cause

Al Qaeda also collected money from emPlh)ees Df corrupt charities It took two approaches to using charities for fundraisi middotgOne was to rely on al Qaeda sympathizers in specific foreign branch offices oflarg international charitiesshyparticularly those with lax external overslir 1t and inEffective internal controls such as the Saudi-based al Haramain Islamic Fouination Smaller charities in various parts of the globe were funded by these large GuJjkharities ardhad employees who would siphon the money to al Qaeda

In addition entire charities such as the a1Wafa orgcr 1ization may have wittingly participated in funneling money to al Qa qo a In those cases al Qaeda operatives controlJed the entire organization including access to bank accounts Charities were a source ofmoney and also provided signifoint cover which enabled operatives to

I travel undetected under the guise ofworl(hg for a humanitarian organization

From page 372 ofthe 911 CommissionlFepot

Charitable giving or zakat is one of the J1ve pillars oIIslam It is broader and more pervasive than Western ideas ofcharity-functioning also as aform ofincome tax educational assistance foreign aid and at source ofpolitical influence The Western notion of the separation ofcivic la Id religious duty does not exist in Islamic cultures Funding charitable works is an middotrtegrlf function ofthe governments in the Islamic world It is so ingrained in Islami~ ~ ulture that in Saudi Arabia for example a department within the Saudi Ministry oft inance and National Economy collects zakat directly much as the us Internal RevenUE Service colects payroll withholding tax Closely tied to zakat is the dedication of t~ government to propagating the Islamic faith particularly the Wahhabi sect thatJh urishes in Saudi Arabia

Traditionally throughout the Muslim wortd there is J1Oformal oversight mechanism for donations As Saudi wealth increasedi Ule amoun ts contributed by individuals and the state grew dramatically Substantial rums went tl) finance Islamic charities of every kind While Saudi domestic charities 11re regulnted by the Ministry of Labor and Social Welfare charities and internationbi relief agellcies such as the World Assembly

I

ofMuslim Youth (WAMY) are currently ~eulated by the Ministry of Islamic Affairs This ministry uses zakat and governmentt f irnds to spread Wahhabi beliefs throughout the world including in mosques and scho1o1gt Often these schools provide the only education available even in affluent coU1~(ries Saud funded Wahhabi schools are often the only Islamic schools Some Wah~ ~tbi-funded organizations have been exploited by extremists to further their gQ(I] ofviolenrjihad against non-Muslims

I In other words Islamic charities have Pfred an int(~gral role in Al Qaedas funding structure and in some Ir-s es Islamic charities have also played an operational role for Al Qaeda Furthermpr e the system of zakat has laid the foundation for violent jihad through the F~omotion ofWahhabi (Salafi) Islam the religion of Al Qaeda

Here is a current active example ofthe O Oblem

Dhaka Ahsania Mission is a UN-affiliated NGO (nonmiddotgovernmental organization) that does relief work around the world It alJo has a zakat fund called the Ahsania Mission Zakat Fund The fund has officek cofound th(~ globe including in New York City

On the fund s web site it provides a complete primT on the Islamic system ofzakat Included in that primer is a listing OfhOr zakat is d stributed Number 7 on the S destinations for zakat

One who fights for the cause of Allah

httpzakatdonationorgzakat-in-IslatnPhP

The most authoritative source for such i formation is a book which is available on Amazon called The Reliance of the Tray ier A Cla~ sic Manual of Islamic Sacred Law That book has a whole section devuted to the rules of zakat including THE EIGHT CATEGORIES OF RECIPIENTS n page 272 section hS17 one category is labeled

THOSE FIGHTING FOR ALLAH

The seventh category is those fighting fOIl lilah meaning people engaged in Islamic military operations for whom no salary fks been allotted in the army roster (0 but who are volunteers for jihad without rerrlul1erationj They are given enough to suffice themfor the operation even ifaffluent OIfweapons (lOunts clothing and expenses (0 for the duration ofthe journey round trip and the time they spend there even if

FAILURE TO DISCLOSE ZfKAT AND PURIFICATION

According to shariah every Muslim who is a hle must aonate 140 or about 25 of hisher income to charity as a religious obli~cion This apparatus is known as zakat and it applies to businesses including banld nvestment funds and corporations just as it applies to individuals

Due to the amount of money managed by shaliah-compliant banks funds and in the coffers of shariah-compliant corporations a~i vell the amounts donated through zakat may run into hundreds of millions perhaps een billion~ of dollars

In no known instance has it been disclosed twzakat is collected or distributed in the system of shariah-compliant finance

We do know a few facts relevant to the distJiJUtion of zakat however

bull Zakat is one of the five pillars of Islam anltt 3ccording to the Koran among the seven purposes toward which zakat must be donated are those who are fighting in the cause of Allah ie mujahideen

bull The three largest Muslim charities in the US have all been shut down by the US Justice Department for ties to terrolist financing And recently the US Treasury Department designated a major Saudi charity the Al Ha~anain Islamic Foundation (AHF) for having provided financial and material support to Al Qaeda and a wide range of other terrorists and terrorist organizations AHF has office~ en d operations in at least 13 nations (including the US) in North America Asia nd Europe In 2006 the US Treasury Department also designated the International Islamic Relief Organization a terroristshyfinancing entity for providing funding to AllQaeda

bull These are just a few examples of numero~s other Islamic charities that have been tied to terrorism Among the other Muslim chariti~s chat have ~een identified as funding terror are the Egyptian Human Relief Agency (EHRA) Foundation for Human Rights Liberties amp Humanitarian Relief (IHH) Th Zakct Foundation of America (TZFA) Benevolence International Foundation Care Internatiortll Islamic American Relief Agency and the Holy Land Foundation for R middotelief and Development

bull Saudi billionaire Saleh Kamel and sharia~ ~cholar YO dsuf al-Qaradawi have proposed a syste~ u~der w~ich zakat would be collectltrc and distributed by a cent~al international orgamzatIOn ThiS concept has already beer]l endo~sed bl the OrgamzatIOn of the IslamiC Conference (OIC) Given that both Kamel and Qaradawi have ties to extremism and

I Saudi Arabia source of the lion s share of funding for Al Qaeda dominates OIC the implications of such a proposed system are frightening

But even without a centralized system to c r~ct and di ~ tribute zakat funds there is a lot more we dont know about zakat and there i~ a tremencnus amount of money involved

I As previously stated there is currently no dismiddotlosure as to the destination of zakat funds from shariah-compliant financial institution$

Zakat is only part of the problem of disclosur A similar but potentially even larger issue is that of purification

Should in the course of business it be discdvered that fLmds managed by a shariahshycompliant bank or investment fund inadvert~ntly benefid from interest (which is prohibited under shariah) or from a busines err industry ~ngaged in a prohibited activity (such as pork alcohol or gambling for example) the proceeds from that investment must be purified This is done through donatiorso charitie~i very much the way that zakat works

Again there is no known disclosure anYWh~r about the destination of purified funds or the decision-making process surroundingl rurificatioL This system seems especially ripe for fraud abuse and money laundering1 s inceat lea~t theoretically an asset manager could intentionally invest funds in a prohibited activitydith the actual intention of channeling funds to a charity tied to extremls1 or terrorism through the system of purification

ZAlKAT AND IS~lM]C CHARITIES

1

Zakat is a form of tithing in Islam in whi(~]- Muslims lNho are able tobdo so donate 25 of their wealth (5 for Shia) Zakat very iml)ortant in Islam and is considered one of the five pillars of IsIan~

I Modern administration of zakat often invDlves IsIan-ic charities and governments

Zakat is a concern because as the bipard~an 9-11 Commission Report detailed it has in fact been used to fund Al Qaeda arll( other teflorist groups

From page 170 of the 911 Commission R~port

Al Qaeda and its friends took advantage qj(slamsstnng calls for charitable giving zakat These financial facilitators also appeared to rely heavily on certain imams at mosques who were willing to divert zakalt donations to al Qaedas cause

Al Qaeda also collected money from emPlh)ees Df corrupt charities It took two approaches to using charities for fundraisi middotgOne was to rely on al Qaeda sympathizers in specific foreign branch offices oflarg international charitiesshyparticularly those with lax external overslir 1t and inEffective internal controls such as the Saudi-based al Haramain Islamic Fouination Smaller charities in various parts of the globe were funded by these large GuJjkharities ardhad employees who would siphon the money to al Qaeda

In addition entire charities such as the a1Wafa orgcr 1ization may have wittingly participated in funneling money to al Qa qo a In those cases al Qaeda operatives controlJed the entire organization including access to bank accounts Charities were a source ofmoney and also provided signifoint cover which enabled operatives to

I travel undetected under the guise ofworl(hg for a humanitarian organization

From page 372 ofthe 911 CommissionlFepot

Charitable giving or zakat is one of the J1ve pillars oIIslam It is broader and more pervasive than Western ideas ofcharity-functioning also as aform ofincome tax educational assistance foreign aid and at source ofpolitical influence The Western notion of the separation ofcivic la Id religious duty does not exist in Islamic cultures Funding charitable works is an middotrtegrlf function ofthe governments in the Islamic world It is so ingrained in Islami~ ~ ulture that in Saudi Arabia for example a department within the Saudi Ministry oft inance and National Economy collects zakat directly much as the us Internal RevenUE Service colects payroll withholding tax Closely tied to zakat is the dedication of t~ government to propagating the Islamic faith particularly the Wahhabi sect thatJh urishes in Saudi Arabia

Traditionally throughout the Muslim wortd there is J1Oformal oversight mechanism for donations As Saudi wealth increasedi Ule amoun ts contributed by individuals and the state grew dramatically Substantial rums went tl) finance Islamic charities of every kind While Saudi domestic charities 11re regulnted by the Ministry of Labor and Social Welfare charities and internationbi relief agellcies such as the World Assembly

I

ofMuslim Youth (WAMY) are currently ~eulated by the Ministry of Islamic Affairs This ministry uses zakat and governmentt f irnds to spread Wahhabi beliefs throughout the world including in mosques and scho1o1gt Often these schools provide the only education available even in affluent coU1~(ries Saud funded Wahhabi schools are often the only Islamic schools Some Wah~ ~tbi-funded organizations have been exploited by extremists to further their gQ(I] ofviolenrjihad against non-Muslims

I In other words Islamic charities have Pfred an int(~gral role in Al Qaedas funding structure and in some Ir-s es Islamic charities have also played an operational role for Al Qaeda Furthermpr e the system of zakat has laid the foundation for violent jihad through the F~omotion ofWahhabi (Salafi) Islam the religion of Al Qaeda

Here is a current active example ofthe O Oblem

Dhaka Ahsania Mission is a UN-affiliated NGO (nonmiddotgovernmental organization) that does relief work around the world It alJo has a zakat fund called the Ahsania Mission Zakat Fund The fund has officek cofound th(~ globe including in New York City

On the fund s web site it provides a complete primT on the Islamic system ofzakat Included in that primer is a listing OfhOr zakat is d stributed Number 7 on the S destinations for zakat

One who fights for the cause of Allah

httpzakatdonationorgzakat-in-IslatnPhP

The most authoritative source for such i formation is a book which is available on Amazon called The Reliance of the Tray ier A Cla~ sic Manual of Islamic Sacred Law That book has a whole section devuted to the rules of zakat including THE EIGHT CATEGORIES OF RECIPIENTS n page 272 section hS17 one category is labeled

THOSE FIGHTING FOR ALLAH

The seventh category is those fighting fOIl lilah meaning people engaged in Islamic military operations for whom no salary fks been allotted in the army roster (0 but who are volunteers for jihad without rerrlul1erationj They are given enough to suffice themfor the operation even ifaffluent OIfweapons (lOunts clothing and expenses (0 for the duration ofthe journey round trip and the time they spend there even if

I As previously stated there is currently no dismiddotlosure as to the destination of zakat funds from shariah-compliant financial institution$

Zakat is only part of the problem of disclosur A similar but potentially even larger issue is that of purification

Should in the course of business it be discdvered that fLmds managed by a shariahshycompliant bank or investment fund inadvert~ntly benefid from interest (which is prohibited under shariah) or from a busines err industry ~ngaged in a prohibited activity (such as pork alcohol or gambling for example) the proceeds from that investment must be purified This is done through donatiorso charitie~i very much the way that zakat works

Again there is no known disclosure anYWh~r about the destination of purified funds or the decision-making process surroundingl rurificatioL This system seems especially ripe for fraud abuse and money laundering1 s inceat lea~t theoretically an asset manager could intentionally invest funds in a prohibited activitydith the actual intention of channeling funds to a charity tied to extremls1 or terrorism through the system of purification

ZAlKAT AND IS~lM]C CHARITIES

1

Zakat is a form of tithing in Islam in whi(~]- Muslims lNho are able tobdo so donate 25 of their wealth (5 for Shia) Zakat very iml)ortant in Islam and is considered one of the five pillars of IsIan~

I Modern administration of zakat often invDlves IsIan-ic charities and governments

Zakat is a concern because as the bipard~an 9-11 Commission Report detailed it has in fact been used to fund Al Qaeda arll( other teflorist groups

From page 170 of the 911 Commission R~port

Al Qaeda and its friends took advantage qj(slamsstnng calls for charitable giving zakat These financial facilitators also appeared to rely heavily on certain imams at mosques who were willing to divert zakalt donations to al Qaedas cause

Al Qaeda also collected money from emPlh)ees Df corrupt charities It took two approaches to using charities for fundraisi middotgOne was to rely on al Qaeda sympathizers in specific foreign branch offices oflarg international charitiesshyparticularly those with lax external overslir 1t and inEffective internal controls such as the Saudi-based al Haramain Islamic Fouination Smaller charities in various parts of the globe were funded by these large GuJjkharities ardhad employees who would siphon the money to al Qaeda

In addition entire charities such as the a1Wafa orgcr 1ization may have wittingly participated in funneling money to al Qa qo a In those cases al Qaeda operatives controlJed the entire organization including access to bank accounts Charities were a source ofmoney and also provided signifoint cover which enabled operatives to

I travel undetected under the guise ofworl(hg for a humanitarian organization

From page 372 ofthe 911 CommissionlFepot

Charitable giving or zakat is one of the J1ve pillars oIIslam It is broader and more pervasive than Western ideas ofcharity-functioning also as aform ofincome tax educational assistance foreign aid and at source ofpolitical influence The Western notion of the separation ofcivic la Id religious duty does not exist in Islamic cultures Funding charitable works is an middotrtegrlf function ofthe governments in the Islamic world It is so ingrained in Islami~ ~ ulture that in Saudi Arabia for example a department within the Saudi Ministry oft inance and National Economy collects zakat directly much as the us Internal RevenUE Service colects payroll withholding tax Closely tied to zakat is the dedication of t~ government to propagating the Islamic faith particularly the Wahhabi sect thatJh urishes in Saudi Arabia

Traditionally throughout the Muslim wortd there is J1Oformal oversight mechanism for donations As Saudi wealth increasedi Ule amoun ts contributed by individuals and the state grew dramatically Substantial rums went tl) finance Islamic charities of every kind While Saudi domestic charities 11re regulnted by the Ministry of Labor and Social Welfare charities and internationbi relief agellcies such as the World Assembly

I

ofMuslim Youth (WAMY) are currently ~eulated by the Ministry of Islamic Affairs This ministry uses zakat and governmentt f irnds to spread Wahhabi beliefs throughout the world including in mosques and scho1o1gt Often these schools provide the only education available even in affluent coU1~(ries Saud funded Wahhabi schools are often the only Islamic schools Some Wah~ ~tbi-funded organizations have been exploited by extremists to further their gQ(I] ofviolenrjihad against non-Muslims

I In other words Islamic charities have Pfred an int(~gral role in Al Qaedas funding structure and in some Ir-s es Islamic charities have also played an operational role for Al Qaeda Furthermpr e the system of zakat has laid the foundation for violent jihad through the F~omotion ofWahhabi (Salafi) Islam the religion of Al Qaeda

Here is a current active example ofthe O Oblem

Dhaka Ahsania Mission is a UN-affiliated NGO (nonmiddotgovernmental organization) that does relief work around the world It alJo has a zakat fund called the Ahsania Mission Zakat Fund The fund has officek cofound th(~ globe including in New York City

On the fund s web site it provides a complete primT on the Islamic system ofzakat Included in that primer is a listing OfhOr zakat is d stributed Number 7 on the S destinations for zakat

One who fights for the cause of Allah

httpzakatdonationorgzakat-in-IslatnPhP

The most authoritative source for such i formation is a book which is available on Amazon called The Reliance of the Tray ier A Cla~ sic Manual of Islamic Sacred Law That book has a whole section devuted to the rules of zakat including THE EIGHT CATEGORIES OF RECIPIENTS n page 272 section hS17 one category is labeled

THOSE FIGHTING FOR ALLAH

The seventh category is those fighting fOIl lilah meaning people engaged in Islamic military operations for whom no salary fks been allotted in the army roster (0 but who are volunteers for jihad without rerrlul1erationj They are given enough to suffice themfor the operation even ifaffluent OIfweapons (lOunts clothing and expenses (0 for the duration ofthe journey round trip and the time they spend there even if

ZAlKAT AND IS~lM]C CHARITIES

1

Zakat is a form of tithing in Islam in whi(~]- Muslims lNho are able tobdo so donate 25 of their wealth (5 for Shia) Zakat very iml)ortant in Islam and is considered one of the five pillars of IsIan~

I Modern administration of zakat often invDlves IsIan-ic charities and governments

Zakat is a concern because as the bipard~an 9-11 Commission Report detailed it has in fact been used to fund Al Qaeda arll( other teflorist groups

From page 170 of the 911 Commission R~port

Al Qaeda and its friends took advantage qj(slamsstnng calls for charitable giving zakat These financial facilitators also appeared to rely heavily on certain imams at mosques who were willing to divert zakalt donations to al Qaedas cause

Al Qaeda also collected money from emPlh)ees Df corrupt charities It took two approaches to using charities for fundraisi middotgOne was to rely on al Qaeda sympathizers in specific foreign branch offices oflarg international charitiesshyparticularly those with lax external overslir 1t and inEffective internal controls such as the Saudi-based al Haramain Islamic Fouination Smaller charities in various parts of the globe were funded by these large GuJjkharities ardhad employees who would siphon the money to al Qaeda

In addition entire charities such as the a1Wafa orgcr 1ization may have wittingly participated in funneling money to al Qa qo a In those cases al Qaeda operatives controlJed the entire organization including access to bank accounts Charities were a source ofmoney and also provided signifoint cover which enabled operatives to

I travel undetected under the guise ofworl(hg for a humanitarian organization

From page 372 ofthe 911 CommissionlFepot

Charitable giving or zakat is one of the J1ve pillars oIIslam It is broader and more pervasive than Western ideas ofcharity-functioning also as aform ofincome tax educational assistance foreign aid and at source ofpolitical influence The Western notion of the separation ofcivic la Id religious duty does not exist in Islamic cultures Funding charitable works is an middotrtegrlf function ofthe governments in the Islamic world It is so ingrained in Islami~ ~ ulture that in Saudi Arabia for example a department within the Saudi Ministry oft inance and National Economy collects zakat directly much as the us Internal RevenUE Service colects payroll withholding tax Closely tied to zakat is the dedication of t~ government to propagating the Islamic faith particularly the Wahhabi sect thatJh urishes in Saudi Arabia

Traditionally throughout the Muslim wortd there is J1Oformal oversight mechanism for donations As Saudi wealth increasedi Ule amoun ts contributed by individuals and the state grew dramatically Substantial rums went tl) finance Islamic charities of every kind While Saudi domestic charities 11re regulnted by the Ministry of Labor and Social Welfare charities and internationbi relief agellcies such as the World Assembly

I

ofMuslim Youth (WAMY) are currently ~eulated by the Ministry of Islamic Affairs This ministry uses zakat and governmentt f irnds to spread Wahhabi beliefs throughout the world including in mosques and scho1o1gt Often these schools provide the only education available even in affluent coU1~(ries Saud funded Wahhabi schools are often the only Islamic schools Some Wah~ ~tbi-funded organizations have been exploited by extremists to further their gQ(I] ofviolenrjihad against non-Muslims

I In other words Islamic charities have Pfred an int(~gral role in Al Qaedas funding structure and in some Ir-s es Islamic charities have also played an operational role for Al Qaeda Furthermpr e the system of zakat has laid the foundation for violent jihad through the F~omotion ofWahhabi (Salafi) Islam the religion of Al Qaeda

Here is a current active example ofthe O Oblem

Dhaka Ahsania Mission is a UN-affiliated NGO (nonmiddotgovernmental organization) that does relief work around the world It alJo has a zakat fund called the Ahsania Mission Zakat Fund The fund has officek cofound th(~ globe including in New York City

On the fund s web site it provides a complete primT on the Islamic system ofzakat Included in that primer is a listing OfhOr zakat is d stributed Number 7 on the S destinations for zakat

One who fights for the cause of Allah

httpzakatdonationorgzakat-in-IslatnPhP

The most authoritative source for such i formation is a book which is available on Amazon called The Reliance of the Tray ier A Cla~ sic Manual of Islamic Sacred Law That book has a whole section devuted to the rules of zakat including THE EIGHT CATEGORIES OF RECIPIENTS n page 272 section hS17 one category is labeled

THOSE FIGHTING FOR ALLAH

The seventh category is those fighting fOIl lilah meaning people engaged in Islamic military operations for whom no salary fks been allotted in the army roster (0 but who are volunteers for jihad without rerrlul1erationj They are given enough to suffice themfor the operation even ifaffluent OIfweapons (lOunts clothing and expenses (0 for the duration ofthe journey round trip and the time they spend there even if

Traditionally throughout the Muslim wortd there is J1Oformal oversight mechanism for donations As Saudi wealth increasedi Ule amoun ts contributed by individuals and the state grew dramatically Substantial rums went tl) finance Islamic charities of every kind While Saudi domestic charities 11re regulnted by the Ministry of Labor and Social Welfare charities and internationbi relief agellcies such as the World Assembly

I

ofMuslim Youth (WAMY) are currently ~eulated by the Ministry of Islamic Affairs This ministry uses zakat and governmentt f irnds to spread Wahhabi beliefs throughout the world including in mosques and scho1o1gt Often these schools provide the only education available even in affluent coU1~(ries Saud funded Wahhabi schools are often the only Islamic schools Some Wah~ ~tbi-funded organizations have been exploited by extremists to further their gQ(I] ofviolenrjihad against non-Muslims

I In other words Islamic charities have Pfred an int(~gral role in Al Qaedas funding structure and in some Ir-s es Islamic charities have also played an operational role for Al Qaeda Furthermpr e the system of zakat has laid the foundation for violent jihad through the F~omotion ofWahhabi (Salafi) Islam the religion of Al Qaeda

Here is a current active example ofthe O Oblem

Dhaka Ahsania Mission is a UN-affiliated NGO (nonmiddotgovernmental organization) that does relief work around the world It alJo has a zakat fund called the Ahsania Mission Zakat Fund The fund has officek cofound th(~ globe including in New York City

On the fund s web site it provides a complete primT on the Islamic system ofzakat Included in that primer is a listing OfhOr zakat is d stributed Number 7 on the S destinations for zakat

One who fights for the cause of Allah

httpzakatdonationorgzakat-in-IslatnPhP

The most authoritative source for such i formation is a book which is available on Amazon called The Reliance of the Tray ier A Cla~ sic Manual of Islamic Sacred Law That book has a whole section devuted to the rules of zakat including THE EIGHT CATEGORIES OF RECIPIENTS n page 272 section hS17 one category is labeled

THOSE FIGHTING FOR ALLAH

The seventh category is those fighting fOIl lilah meaning people engaged in Islamic military operations for whom no salary fks been allotted in the army roster (0 but who are volunteers for jihad without rerrlul1erationj They are given enough to suffice themfor the operation even ifaffluent OIfweapons (lOunts clothing and expenses (0 for the duration ofthe journey round trip and the time they spend there even if

prolonged Though nothing has been mentHned here Jfthe expense involved in supporting such peoples families during tiM) period ~ i seems clear that they should also be given it)

This passage from this widely-used Shariiah text seems to have been written expressly about zakat payments to charit is which have funded Al Qaeda HAMAS Hezbollah and the Taliban Note from thy Jassage that such payments are meant specifically for irregular forces who are l~ot part of any army roster which describes terroristguerillainsurgent groups exa tJy Note thet they are meant for Islamic military operations and not secular grou~ (Le HAMAS and not the Popular Front for the Liberation of Palestine-General Commnd) Note that such payments are made even ifthe recipient is affluentrJike Osama Bin Laden And finally the families of fighters are to be taken care 0if such as pyments by Sad dam Hussein and Saudi princes to families of Islamikaze b(vlnbers in G3Za and the West Bank

I All too often the destinations of zakat payments are to Jihadists simply because Shariah mandates it

Maybe that is why so many Islamic charitil~ s have been implicated in terrorism financing

Consider that the Treasury Department h 2 S designated the Saudi-based Union of Good as having ties to terror and British authorities have designated a charity in the UK a terrorist entity becaus( it has tie~i to the Union of Good

The Union of Good is an umbrella group 0 53 charit es Yes 53 By the way it is headed by Sheikh Yusuf al-Qaradawi th~ m ost prominent Sunni shariah scholar in the world

So when the Union of Good was designa Ed a terrorist entity 53 Islamic charities were caught in the web This hardly seems isolated to us

Especially when you consider our detailEed report on 27 other Islamic charities that have been tied to terrorism That gives ab a round number of 80 Islamic charities tied to Jihad That is a lot of charities to tIE tied to terrorism

I At the link below are descriptions of271sh mic Charity organizations that have been

I

either indicted or designated by the Treclsury under Executive Act 13224 as sponsors of terrorism

I httpwwwshariahfinancewatchorgbbtiZ-O 11110 17 Icorrecting-the-newshymisinformati on-on -islami c-charities-fundJngjihad i ~t-terrorism I

PJ Mediaraquo Why Muslim Charities Fund the Jihadraquo Print 527 12225 PM

- Pl Media - httppjmediacom shy Click here to print

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Why Muslim Charities Fund the Jih 1

ad Posted By Raymond Ibrahim On August 15 2009 1200 ani In PositioninqHomeland SecuritYLeqalMoneYPoliticsReliqionUS News I F~ Commeni~ ~

From what American schoolchildren are being ta lJr]ht [1] by t leir teachers to what Americans are being told by their presidents concepts unique t6 slarn are Ilowadays almost always Westernized Whether the product of naivety arrogance or dltbllInright disingenuousness this phenomenon has resulted in epistemic (and thus endemic) failure~ crippling flmericans from objectively understanding some of Islams more troublesom1e doctrines

A typical seventh-grade textbook for instance t~ches that 2] jihad represents the human struggle to overcome difficulties and do things t~I Clt arE plea5ng to God Muslims strive to respond positively to personal difficulties as well as worldll chalenge~ For instance they might work to be better people reform society or correct injusticE~

Strictly speaking this is by and large true HOW~vr by not i~xplaining what it means to be better people reform SOCiety or correct injustice - frpm a distinctly Islamic as opposed to Western perspective - the textbook abandons students to fall back 011 their own (misleading) interpretations

Yet the facts remain In Islam killing certain eviil middotmiddot doel-s suh as apostates or homosexuals is a way of correcting injustice overthrowing manrnade constitutional orders (such as the United

States [3]) and replacing them with Sharia manda2s and subjugating women and non-Muslims are ways of reforming SOCiety Those enforcing all t ~ is are in filCt better people - indeed according to the Koran (3 110) they are the best of people evolved for mankind enjoining what is right

forbidding what is wrong [4] that is ruling accor ding ~O Shiyia law

So it is with the Muslim concept of zakat a wordlc Iten rendEed into English as charity But is that all zakat is - mere Muslim benevolence by way ()1 feeding al-d clothing the destitute of the world as the word charity all too often connotes

US president Barack Hussein Obama seems to ~ hi nk so - eI- given his background [5] is at least

banking that others do - based on his recent pni2~amation tp the Muslim world [6] that in the United States rules on charitable giving have m~lc e it harder for Muslims to fulfill their religious obligation That is why I am committed to workir~j with American Muslims to ensure that they can fulfill zakat

Thus does Obama conflate a decidedly Islamic concept zakat with the generic notion of charity Is this justified As with all things IslamiC one must lirst examine the legal aspects of zakat to truly appreciate its purport Etymologically related to ~h notion of purity zakat - paying a portion of ones wealth to specifically deSignated recipients _ 00 is c way of purifying oneself on par with prayers (see Koran 9103)

The problem however has to do with who is eligilJe for this Tlandatory charity Most schools of Muslim jurisprudence are agreed to eight possibl~ categories of recipients - one of these being those fighting in the path of Allah that is jiha b also knoln as terrorists

I In fact financially supporting jihad is is a recogni~ed form of j ihad - iihad ai-mal [7] even the vast majority of militant verses in the Koran (eg 9~~G 941 49 1561 10-11) prioritize the need to fund the jihad over merely fighting in it as fighti n] witll one~ wealth often precedes fighting with

ones self Well-known Islamists - from internatioal jihadi pound~sama bin Laden [8] to authoritative

http pjmediacom blogwhy-muslim-charities -fu nd -the-jihad jprin t= 1 Page 1 of 2

----------------------~ ---------------------shy

PJ Media raquo Why Muslim Charities Fund the Jih ad raquo Print 5 27l2 225 PM

cleric Sheikh Qaradawi [9] - are well aware of t hh and regu arly exhort Muslims to fund the jihad via zakat

More revealing of the peculiarly Islamic nature 9f akat is th(~ fact that Muslims are actually

forbidden [10] from bestowing this charity ontd non-Muslinmiddots (e g the vast majority of American infidels) Charitable Muslim organizations operb~ing on Amr~rican soil are therefore no mere

Iequivalents to say the Salvation Army [11] a Ohistian charity organization whose ministry extends to all regardless of ages sex color or bl~ed In I lam creed is a major criterion for

receiving charity - not to mention for receivin6 ocial eq uiillv [12]

From here one can better understand Obamas Ienent that in the United States rules on charitable giving have made it harder for Muslims to fulfill Ir i ~ir religiou s obligation - a statement that unwittingly implies that American zakat has in fact been u ~i~d to fund the jihad After all these irksome rules to which Obama alludes appear T be a refe middot ~nce to the presumably excessive scrutiny American Muslim charities are subjectl t ) by law enforcement Yet this scrutiny is itself a direct byproduct of the fact that American Muslirh charities have indeed been funding the jihad [1 3 ] both at home and abroad [14] I

In light of all this what t ruly remains to be seenl ii how precisely Obama plans on working with American Muslims to ensure that they can fulfill ~ kat

Article printed from PJ Media httppjmediac(l rn

URL to article httppjmediacomblogwhymiddot rilusrim-chl arities-fund-the-jihacl

URLs in th is post

[lJ taught httppjmediacom b ~ cJtextbo [Jk-liies-about-islam

[2J teaches that httpwwwhistorytextbooksorgislalinreportpdf [3J United States httpwwwwndcomnewf artidea~pARTICLE_ID=53303

[4J enjoining what is right forbidding what is wroll ~ httpwwwjavashymancompagesBooksalhisbahtml [5J his background httppjmediacom l blogobamas-puzzling-approach-to-theshymuslim-world

[6] his recent proclamation to the Muslim world http wwwhuffingtonpostcom200906QI obama-peech-in-cairo-vid__211215html [7J ji had ai-mal httpwwwjcpaorgjlvP5~~ middot htnn [8J Osama bin Laden httpwwwmemriorgibinlatest middot ewscgiID=SD218909 [9J Sheikh Qaradawi httpwwwdouglasfarah cOITIartlde 119zakat-and-jihad-from-theshywords-of-the-master I [10J forbid~en httpqasunnipathco~issuI6 viewaSPHD=1ampID=1527ampCATE=5 [11] Salvation Army httpwwwsalvatlonarTmiddotillorglhQ www_sansf [12] equality httpwwwarchonsorgpdfi~~IJesDHII1MIpdf

[13J funding the jihad httpwwwustreasgo~ pressreleasesjs1895htm

[14J home and abroad httpwwwdiscovertt-el1etwork5orggrouPProfileaspgrpid=6181

L-______________L J_____________ Copyright copy 2012 pajam1a Media AI r ights reserved

httppjmediacom blog why- m us lim-charities-fu nd-t he-jihadprint= 1 Page 2 of 2

ltsMAi CJaa-M~~~~ ftgt tip~~I~ i~ ~pf~Fg~rr~ yltl middotmiddot Fmiddot f[~ rrfJj ) bullbull U~U I II Temiddotol Fn1aficing

Afghan Support Committee (ASC) AI-Aqsa International Al FUllqan Ai MMjig Al Aqsa Foundation Taibah International

Al Haramain Islamic Foundation

AI-Salah Society

Arab Student Aid International

Benevolence International Foundation Care International Inc

Commite de Bienfaisance et de Sec ours aux Palestiniens (CBSP)

Association de Secours Palestinien (ASP)

IElehassan Society

The Global iRelief Foundation Holy Land Foundation

ll5amic-AJppounda~Relief-~AAg~nc-y--tIA~-A7

The International Islamic Relief Organization

I[slamic Resistance Support Organization (IRSO) IKindHearts

lPalestinian Association in Austria (PVOE) lPalestinian Relief and Development Fund

(Interpal) IPtech and Muwfaq

Rabim Trust Revival of Islamic Heritage Society (RlHS) Sanabi Association for Relief and Development

The Saudi Red Crescent World Assembly of Muslim Youth (WAMY)

The Charitable Works Society Bahrain The Islamic Society Bahrain

The International Islamic Council for Dawah and Relief Egypt

The Palestinian Support Committee Kuwait Al-Abrar Charitable Society Lebanon Jerusalem Support Committee Lebanon The Palestinian and Lebanese Families Welfare

Trust Lebanon The Ansar Charitable Socielty Sudan

The Islamic Dawah Association Sudan The Social Reform Society Yemen

AI-Aqsa Islamic Charitable Society Yemen AI-Aqsa Foundation Belgium Families Relief Britain Human A~peaJ BritAin

Islamic Relief Britain

Muslim Aid Britain

Muslim Hands Britain The H~~ar-~ Re~i =f r0~lnd~GO iJ EritEi~

e omite-deBerualSance efae~ecours aux Palestiniens (CBSP -- Palestinian Support Committee) France

Al-Aqsa Foundation Holland Sanabi Al-Aqsa Sweden

The Palestinian Relief Society - ASP Switzerland Benoni Muslim Jamaat South Africa Jamaiatul Ulama - Transvaal South Africa joharmesburg Charitable Organization South

Africa

Kwa Zulu Jamaiatul Ulama South Africa (Natal)

Muslim Hands South Africa Muslim Judicial Council South Africa Muslim Students Association - Gauteng South

Africa

Muslim Youth Movement South Africa

South African National Zakkah Fund South Africa

Soweto Muslim Association South Africa Sunni Ulama Council - Gauteng South Africa Waqf al-Waqifeen South Africa Charme Islam International Sou th Africa Radio Islam South Africa Radio 1584 South Africa

The Voice South Africa Voice of the Cape South Africa

The Saudi Arabian Committee for the Support of the Al-Aqsa Intifada Saudi Arabia

The International Islamic Relief Organization (B0 8~~~

The Red Crescent U AE

The UAE Committee for the Support of the Palestinian People

T~ S~eiId~ M~~~7~7=d bt1 RaAhcd ~iGiit~tion

fhe-tl1ne haritaote-SOCiety The Sharqa House of Charity UAE The Organization of Charitable Works UAE The Human Aid Society I Physicians Union Egypt The Arab Physicians Committee for Aid and

Emergencies Egypt The Office of Commerce and Industry Bahrain The Charity Institution of Sheikh Id Aal Thani

Qatar

The Qatar Charitable Society Qatar

The Yemeni Association of Religious Scholars The Association for Charitable Deeds Yemen

The Union of Good Lebanon The Movement for Unity and Reform Morocco

AJ-Irshad Charitable SOcieuroty ARgeria

-~---------~-------------~--------------------~~-- ----- ---- -

FREQUENTLY ASKED QU~STJ[ONS

1 How is shariah related to jihad

Shariah mandates as a religious obligation (w1ducting iliolent jihad against non-Muslims to establish Islams rule worldwide in a fonh mown as the caliphate

2 How does shariah finance relate tq rhariah it~ ~lf

Shariah finance is indistinguishable from shclah itself~ nce its followers consider I

shariah immutable indivisible and mandatdr for Muslims to follow in all aspects of life Muslims are not allowed to pick and c~o se differellt aspects of shariah to follow Anyone that infers that shariah finance is sor~thing aplt t from shariah is simply being dishonest In fact the main purpose of shariall finance is to promote shariah

3 Where is shariah-compliant finan(~e most pro minent

I

According to the British financial periodica he Banker Iran dominates the world of shariah-compliant finance Three of the fi vellargest shariah-compliant financial institutions in the world-including the top two-are Iranian The amount of shariahshycompliant financial assets in institutions in I~ll is over tunce as large as the amount in financial institutions in the worlds second 1 rgest sharia -compliant country Saudi Arabia

4 How does shariah fmance threaten Americam

Shariah finance is a threat to Western values human rights and US national security Shariah finance has a political objective to legitimize shariah in the West Evidence indicates that shariah-compliant [mance prov ies financial support to extremism and terrorism Shariah-compliant financial institutions emplc y shariah scholars many of whom have been shown to be extremists ev1en to the paint of advocating suicide bombing and jihad against America Among~ t he decisiois these scholars make is the donation of 25 or more of annual earningk OJ Muslim middotharities Similar to zakat earnings from investments that are judged tc~ ~ Iave been Llnislamic must be purified through donations to charities as well Givel~1e extremist tendencies of these scholars and the fact that dozens of such charities har e been desi gnated as funding terrorism by the US Treasury Department and other intemctional auLorities this presents a hazard which could obviously threaten US national scurity

In sum shariah finance represents a numberlc Cpotential threats to the US including possible financing of terrorism and extremisi Islamist organizations and movements infiltrating our financial markets and legitimiing shariah

I 5 Have shariah-compliant financial FItitutions been tied to terrorism

There are a number of well-documented case in which hariah-compliant financial institutions have participated in the fmancia ~upport of terrorism For instance two shariah-compliant banks registered in the BtLamas Ban1

( Al-Taqwa and Akida Bank were according to the US Treasury Depart~1f lt shell c(lmpanies actually run out of Italy and Switzerland whose only real business t(middot ~ lacnderirg money to terrorists From 1988 until November 2001 when it was designatep a terrorist fntity by the US goveITill1ent and the UN Bank AI-Taqwa transferred tens of iJlions of dollars to HAMAS Al Qaeda the PLO Algerian Armed Islamic Group (GIA)l tbe Talibau Egyptian Gamaa al Islamiya and the Tunisian An-Nahda

In another case prominent members of the Saudi royal jilllily were co-investors with Osama Bin Laden in the Sudanese Shamall3Lmric Bank while several designated terrorists maintained accounts there

6 How have shariah-compliant finaDcial institutaons used charities to fund terrorist groups

Generally shariah-compliant fmancial institu i ons have provided funds to terrorist and extremist groups through Islamic charities fhe fmanc ial institutions donate the money to the charities which then steer the funds to tfrrorist gWlpS For example both Bank AlshyTaqwa and Akida Bank used charities in Emope the Middle East and the US to funnel money to terrorist groups

I 7 Have shariah-compliant financial imtitutions in the US been tied to

terrorism

Yes Bait u Mal al Islami (BMI) a shariah-c~mpliant investment company based in Seacaucus NJ which promoted itself as an ~s amic alternative to conventional investments and solicited funds for real estate developffi1~nt was called by US federal prosecutors as the US banker for the Muslirln Brotherhcod In testimony before a US Senate committee former White House cour~tertercorisrn advisor Richard Clarke said that BMIs financial services were little more thab a cover 1) conceal terrorist support and that its investor list read like a whos who of designated terrorists and Islamic extremists

BMI worked closely with the Bank AI-TaqwaAkida Bar k network in transferring millions of dollars to terrorist groups througi~ ~1em while receiving large amounts from well-known donors suspected of funding ter1~Tism Thes( included the Hamas top leader Mousa Abu Marzouk who made a number ofinvestments with BMI Tellingly BMI continued to work with Marzouk even after ~ latter wa~ declared an internationally designated terrorist by the United States govl~l1lment in 195

8 How widespread is the use of Islamjic charities to fund terror

No one in the West knows for sure how widL pread the rse of Muslim charities for telTorism funding actually is however the U~ Treasury Department the UN and British regulators have so far designated some 80 Mulim charities in the US and worldwide as terrorism entities due to their funding of terrbrist groups like Al Qaeda HAMAS and others

9 We know that there is state spons ]lrship of L rrorism Is there state sponsorship of shariah finance

State sponsorship of shariah finance has bee ongoing since its inception with the founding ofthe first shariah-compliant bank in 1975 Iskmic Development Bank (IDB) In Iran which has more shariah-compliant iIl~titutions thm any other nations aU of the banks are in fact state-run

10 Have shariah-compliant financial ii ll titutions been tied to weapons of mass destruction

Yes Irans largest bank Bank Melli which 0 as named til the November 2007 edition of The Banker as the largest shariah-compliant bmk in the Norld has been put under sanctions by both the US government and the European Union for its role in financing Irans nuclear and ballistic missile pro gramJ

11 How does shariah finance threaten tlreedom-lqJving Muslims in the West

The effect of legitimizing and promoting shariah in thevv est can already be seen in I

Western Europe Promoting shariah incapsulates Muslin~ communities from mainstream society and even creates enclaves controlledl by shariahShariah-compliant finance plays a particular role in this because a devout Mp ill living in a Western country in which there are no shariah-compliant banks are a1l ved to use r ~onventional infidel1institutions under the shariah doctrine of e teme nece ~sity However once shariahshycompliant institutions do exist they are relit~i ()Usly oblig3ted to patronize them exclusively Thus by allowing the spread of- hariah finance in the West and the US we are pushing Muslims toward shariah

__________L-__ ________

_ 11 I

r-shy 3467601 I

225613 189490 4 - ~

~~~~===--- =-= - = middot =~I middot-----~= middot --9f---65S shy

_shy __ I __ -

~~~~--~=Fl---~~~middot0-_--___ 23 shy~------------- - ~~~~~~

-------------j--------~~ 25

24

FREQUENTLY ASKED QU~STJ[ONS

1 How is shariah related to jihad

Shariah mandates as a religious obligation (w1ducting iliolent jihad against non-Muslims to establish Islams rule worldwide in a fonh mown as the caliphate

2 How does shariah finance relate tq rhariah it~ ~lf

Shariah finance is indistinguishable from shclah itself~ nce its followers consider I

shariah immutable indivisible and mandatdr for Muslims to follow in all aspects of life Muslims are not allowed to pick and c~o se differellt aspects of shariah to follow Anyone that infers that shariah finance is sor~thing aplt t from shariah is simply being dishonest In fact the main purpose of shariall finance is to promote shariah

3 Where is shariah-compliant finan(~e most pro minent

I

According to the British financial periodica he Banker Iran dominates the world of shariah-compliant finance Three of the fi vellargest shariah-compliant financial institutions in the world-including the top two-are Iranian The amount of shariahshycompliant financial assets in institutions in I~ll is over tunce as large as the amount in financial institutions in the worlds second 1 rgest sharia -compliant country Saudi Arabia

4 How does shariah fmance threaten Americam

Shariah finance is a threat to Western values human rights and US national security Shariah finance has a political objective to legitimize shariah in the West Evidence indicates that shariah-compliant [mance prov ies financial support to extremism and terrorism Shariah-compliant financial institutions emplc y shariah scholars many of whom have been shown to be extremists ev1en to the paint of advocating suicide bombing and jihad against America Among~ t he decisiois these scholars make is the donation of 25 or more of annual earningk OJ Muslim middotharities Similar to zakat earnings from investments that are judged tc~ ~ Iave been Llnislamic must be purified through donations to charities as well Givel~1e extremist tendencies of these scholars and the fact that dozens of such charities har e been desi gnated as funding terrorism by the US Treasury Department and other intemctional auLorities this presents a hazard which could obviously threaten US national scurity

In sum shariah finance represents a numberlc Cpotential threats to the US including possible financing of terrorism and extremisi Islamist organizations and movements infiltrating our financial markets and legitimiing shariah

I 5 Have shariah-compliant financial FItitutions been tied to terrorism

There are a number of well-documented case in which hariah-compliant financial institutions have participated in the fmancia ~upport of terrorism For instance two shariah-compliant banks registered in the BtLamas Ban1

( Al-Taqwa and Akida Bank were according to the US Treasury Depart~1f lt shell c(lmpanies actually run out of Italy and Switzerland whose only real business t(middot ~ lacnderirg money to terrorists From 1988 until November 2001 when it was designatep a terrorist fntity by the US goveITill1ent and the UN Bank AI-Taqwa transferred tens of iJlions of dollars to HAMAS Al Qaeda the PLO Algerian Armed Islamic Group (GIA)l tbe Talibau Egyptian Gamaa al Islamiya and the Tunisian An-Nahda

In another case prominent members of the Saudi royal jilllily were co-investors with Osama Bin Laden in the Sudanese Shamall3Lmric Bank while several designated terrorists maintained accounts there

6 How have shariah-compliant finaDcial institutaons used charities to fund terrorist groups

Generally shariah-compliant fmancial institu i ons have provided funds to terrorist and extremist groups through Islamic charities fhe fmanc ial institutions donate the money to the charities which then steer the funds to tfrrorist gWlpS For example both Bank AlshyTaqwa and Akida Bank used charities in Emope the Middle East and the US to funnel money to terrorist groups

I 7 Have shariah-compliant financial imtitutions in the US been tied to

terrorism

Yes Bait u Mal al Islami (BMI) a shariah-c~mpliant investment company based in Seacaucus NJ which promoted itself as an ~s amic alternative to conventional investments and solicited funds for real estate developffi1~nt was called by US federal prosecutors as the US banker for the Muslirln Brotherhcod In testimony before a US Senate committee former White House cour~tertercorisrn advisor Richard Clarke said that BMIs financial services were little more thab a cover 1) conceal terrorist support and that its investor list read like a whos who of designated terrorists and Islamic extremists

BMI worked closely with the Bank AI-TaqwaAkida Bar k network in transferring millions of dollars to terrorist groups througi~ ~1em while receiving large amounts from well-known donors suspected of funding ter1~Tism Thes( included the Hamas top leader Mousa Abu Marzouk who made a number ofinvestments with BMI Tellingly BMI continued to work with Marzouk even after ~ latter wa~ declared an internationally designated terrorist by the United States govl~l1lment in 195

8 How widespread is the use of Islamjic charities to fund terror

No one in the West knows for sure how widL pread the rse of Muslim charities for telTorism funding actually is however the U~ Treasury Department the UN and British regulators have so far designated some 80 Mulim charities in the US and worldwide as terrorism entities due to their funding of terrbrist groups like Al Qaeda HAMAS and others

9 We know that there is state spons ]lrship of L rrorism Is there state sponsorship of shariah finance

State sponsorship of shariah finance has bee ongoing since its inception with the founding ofthe first shariah-compliant bank in 1975 Iskmic Development Bank (IDB) In Iran which has more shariah-compliant iIl~titutions thm any other nations aU of the banks are in fact state-run

10 Have shariah-compliant financial ii ll titutions been tied to weapons of mass destruction

Yes Irans largest bank Bank Melli which 0 as named til the November 2007 edition of The Banker as the largest shariah-compliant bmk in the Norld has been put under sanctions by both the US government and the European Union for its role in financing Irans nuclear and ballistic missile pro gramJ

11 How does shariah finance threaten tlreedom-lqJving Muslims in the West

The effect of legitimizing and promoting shariah in thevv est can already be seen in I

Western Europe Promoting shariah incapsulates Muslin~ communities from mainstream society and even creates enclaves controlledl by shariahShariah-compliant finance plays a particular role in this because a devout Mp ill living in a Western country in which there are no shariah-compliant banks are a1l ved to use r ~onventional infidel1institutions under the shariah doctrine of e teme nece ~sity However once shariahshycompliant institutions do exist they are relit~i ()Usly oblig3ted to patronize them exclusively Thus by allowing the spread of- hariah finance in the West and the US we are pushing Muslims toward shariah

__________L-__ ________

_ 11 I

r-shy 3467601 I

225613 189490 4 - ~

~~~~===--- =-= - = middot =~I middot-----~= middot --9f---65S shy

_shy __ I __ -

~~~~--~=Fl---~~~middot0-_--___ 23 shy~------------- - ~~~~~~

-------------j--------~~ 25

24

I 5 Have shariah-compliant financial FItitutions been tied to terrorism

There are a number of well-documented case in which hariah-compliant financial institutions have participated in the fmancia ~upport of terrorism For instance two shariah-compliant banks registered in the BtLamas Ban1

( Al-Taqwa and Akida Bank were according to the US Treasury Depart~1f lt shell c(lmpanies actually run out of Italy and Switzerland whose only real business t(middot ~ lacnderirg money to terrorists From 1988 until November 2001 when it was designatep a terrorist fntity by the US goveITill1ent and the UN Bank AI-Taqwa transferred tens of iJlions of dollars to HAMAS Al Qaeda the PLO Algerian Armed Islamic Group (GIA)l tbe Talibau Egyptian Gamaa al Islamiya and the Tunisian An-Nahda

In another case prominent members of the Saudi royal jilllily were co-investors with Osama Bin Laden in the Sudanese Shamall3Lmric Bank while several designated terrorists maintained accounts there

6 How have shariah-compliant finaDcial institutaons used charities to fund terrorist groups

Generally shariah-compliant fmancial institu i ons have provided funds to terrorist and extremist groups through Islamic charities fhe fmanc ial institutions donate the money to the charities which then steer the funds to tfrrorist gWlpS For example both Bank AlshyTaqwa and Akida Bank used charities in Emope the Middle East and the US to funnel money to terrorist groups

I 7 Have shariah-compliant financial imtitutions in the US been tied to

terrorism

Yes Bait u Mal al Islami (BMI) a shariah-c~mpliant investment company based in Seacaucus NJ which promoted itself as an ~s amic alternative to conventional investments and solicited funds for real estate developffi1~nt was called by US federal prosecutors as the US banker for the Muslirln Brotherhcod In testimony before a US Senate committee former White House cour~tertercorisrn advisor Richard Clarke said that BMIs financial services were little more thab a cover 1) conceal terrorist support and that its investor list read like a whos who of designated terrorists and Islamic extremists

BMI worked closely with the Bank AI-TaqwaAkida Bar k network in transferring millions of dollars to terrorist groups througi~ ~1em while receiving large amounts from well-known donors suspected of funding ter1~Tism Thes( included the Hamas top leader Mousa Abu Marzouk who made a number ofinvestments with BMI Tellingly BMI continued to work with Marzouk even after ~ latter wa~ declared an internationally designated terrorist by the United States govl~l1lment in 195

8 How widespread is the use of Islamjic charities to fund terror

No one in the West knows for sure how widL pread the rse of Muslim charities for telTorism funding actually is however the U~ Treasury Department the UN and British regulators have so far designated some 80 Mulim charities in the US and worldwide as terrorism entities due to their funding of terrbrist groups like Al Qaeda HAMAS and others

9 We know that there is state spons ]lrship of L rrorism Is there state sponsorship of shariah finance

State sponsorship of shariah finance has bee ongoing since its inception with the founding ofthe first shariah-compliant bank in 1975 Iskmic Development Bank (IDB) In Iran which has more shariah-compliant iIl~titutions thm any other nations aU of the banks are in fact state-run

10 Have shariah-compliant financial ii ll titutions been tied to weapons of mass destruction

Yes Irans largest bank Bank Melli which 0 as named til the November 2007 edition of The Banker as the largest shariah-compliant bmk in the Norld has been put under sanctions by both the US government and the European Union for its role in financing Irans nuclear and ballistic missile pro gramJ

11 How does shariah finance threaten tlreedom-lqJving Muslims in the West

The effect of legitimizing and promoting shariah in thevv est can already be seen in I

Western Europe Promoting shariah incapsulates Muslin~ communities from mainstream society and even creates enclaves controlledl by shariahShariah-compliant finance plays a particular role in this because a devout Mp ill living in a Western country in which there are no shariah-compliant banks are a1l ved to use r ~onventional infidel1institutions under the shariah doctrine of e teme nece ~sity However once shariahshycompliant institutions do exist they are relit~i ()Usly oblig3ted to patronize them exclusively Thus by allowing the spread of- hariah finance in the West and the US we are pushing Muslims toward shariah

__________L-__ ________

_ 11 I

r-shy 3467601 I

225613 189490 4 - ~

~~~~===--- =-= - = middot =~I middot-----~= middot --9f---65S shy

_shy __ I __ -

~~~~--~=Fl---~~~middot0-_--___ 23 shy~------------- - ~~~~~~

-------------j--------~~ 25

24

No one in the West knows for sure how widL pread the rse of Muslim charities for telTorism funding actually is however the U~ Treasury Department the UN and British regulators have so far designated some 80 Mulim charities in the US and worldwide as terrorism entities due to their funding of terrbrist groups like Al Qaeda HAMAS and others

9 We know that there is state spons ]lrship of L rrorism Is there state sponsorship of shariah finance

State sponsorship of shariah finance has bee ongoing since its inception with the founding ofthe first shariah-compliant bank in 1975 Iskmic Development Bank (IDB) In Iran which has more shariah-compliant iIl~titutions thm any other nations aU of the banks are in fact state-run

10 Have shariah-compliant financial ii ll titutions been tied to weapons of mass destruction

Yes Irans largest bank Bank Melli which 0 as named til the November 2007 edition of The Banker as the largest shariah-compliant bmk in the Norld has been put under sanctions by both the US government and the European Union for its role in financing Irans nuclear and ballistic missile pro gramJ

11 How does shariah finance threaten tlreedom-lqJving Muslims in the West

The effect of legitimizing and promoting shariah in thevv est can already be seen in I

Western Europe Promoting shariah incapsulates Muslin~ communities from mainstream society and even creates enclaves controlledl by shariahShariah-compliant finance plays a particular role in this because a devout Mp ill living in a Western country in which there are no shariah-compliant banks are a1l ved to use r ~onventional infidel1institutions under the shariah doctrine of e teme nece ~sity However once shariahshycompliant institutions do exist they are relit~i ()Usly oblig3ted to patronize them exclusively Thus by allowing the spread of- hariah finance in the West and the US we are pushing Muslims toward shariah

__________L-__ ________

_ 11 I

r-shy 3467601 I

225613 189490 4 - ~

~~~~===--- =-= - = middot =~I middot-----~= middot --9f---65S shy

_shy __ I __ -

~~~~--~=Fl---~~~middot0-_--___ 23 shy~------------- - ~~~~~~

-------------j--------~~ 25

24

__________L-__ ________

_ 11 I

r-shy 3467601 I

225613 189490 4 - ~

~~~~===--- =-= - = middot =~I middot-----~= middot --9f---65S shy

_shy __ I __ -

~~~~--~=Fl---~~~middot0-_--___ 23 shy~------------- - ~~~~~~

-------------j--------~~ 25

24