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...
View ArticleUS 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...
View ArticleHow 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...
View ArticleThe 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...
View ArticleIn 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...
View ArticleMore 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...
View ArticleIndian 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...
View ArticleBangladesh, 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...
View ArticleUS 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...
View ArticleSuccess 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...
View ArticleReport: 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...
View ArticleCongressman 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...
View ArticleAre 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...
View ArticleOpium 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...
View ArticleMoney 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...
View Article
More Pages to Explore .....