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Hawala network tied to Times Square bomb plot

Hawala is an informal international Islamic money brokerage system with Shariah origins. It operates around the world, but exclusively in Islamic communities. It’s sort of like a Western Union system...

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US State Department Tags Overseas Filipino Workers as Funding Source for Abu...

The US State Department has tagged “remittances from overseas Filipino workers,” or OFWs, as a possible external funding source of the terrorist Abu Sayyaf Group (ASG), along with Middle East-based...

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How Counterfeit Money Fuels Jihad in India

India faces an increasing inflow of counterfeit currency, produced primarily in Pakistan, and terrorist and criminal networks use this money to finance their activities in the country according to the...

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The Latest from Money Jihad Blog: Somalia’s Al Shabaab Has Morphed Into An...

Al-Shabaab has become a top-tier terrorist organization from its extensive revenues.  Their wealth is largely based on Islamic taxes that al-Shabaab imposes in accordance with the Koran.  It is...

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In Somalia, Fears Over U.S. Wire Transfer Block

Over the past 18 months or so, SFW has covered the raising of funds by Al Shabaab terrorists in Somalia. These Al Qaeda-affiliated Jihadists have used several methods to raise money and they have been...

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More Details on Funding for the Taliban

Not long ago we mentioned that the Taliban had gone online to raise money for their violent Jihadi activities. In that same post we mentioned that US intelligence sources had indicated that most of the...

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Indian Terror Finance Investigation Uncovers Saudi Connection to Lashkar e Taiba

An investigation by Indian authorities into an August bomb attack in Pune, India has uncovered a significant Saudi connection to the deadly and infamous Jihadist terrorist organization, Lashkar e...

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Bangladesh, Banking and Terrorism Financing

“Some linkages between Islamic Banking and terrorist organizations have now been brought into the open, but the networks have not been dismantled.” Bangladesh has a long history of weakness on money...

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US Treasury Department: Iran Partially Evading Sanctions

Despite onerous sanctions that have basically shut Iran out of the global financial system, the country is still finding some ways to bypass them, the Treasury Department said Thursday, describing...

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Success in Fighting Jihad in Bangladesh

The military web site Strategy Page has an interesting synopsis of the largely successful efforts to counter jihad in Bangladesh. In that synopsis, the folks at Strategy Page detail the role of Islamic...

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Report: Fraud schemes and money laundering fund terrorism in Central Asia

Kazakhstan’s state-controlled bank, BTA, has been implicated in a transfer allegedly made by the bank to the benefit of an unnamed terrorist group. Security watchers have started to recognise the...

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Congressman Ellison Moves to Ease Restrictions and Hawala Transfers to...

…hawala dealers, also called hawaladars, need bank accounts to operate — and most American banks are reluctant to work with them, fearing the money could wind up in the wrong hands. And it has: In...

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Are Politics Stalling the War on Terrorism Financing?

We would maintain that the active denial of the true nature of Shariah and Shariah-compliant finance has meant that the war on terrorism financing has never been properly waged to begin with, but...

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Opium Trade Flourishes in Afghanistan; Taliban Benefit

Despite previous efforts by the US to reduce Afghan dependence on the opium trade, opium production and exports are soaring once again in Afghanistan. This is bad news in and of itself, but the worst...

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Money Jihad Blog: Hawala focus distracts from real problem: Muslim donors to...

Money Jihad blog has an informative video posted that points out that hawala is just a method by which money flows to Jihad. It is not the source of funding for Jihad. Until those who fund Jihad are...

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