The relationship is simple.  Jihadists know they can trust sharia-compliant banks to maintain their anonymity, not ask too many questions, and facilitate high-dollar transactions on behalf of their terrorist groups.  Some Islamic financial institutions, such as National Commercial Bank and Islami Bank Bangladesh, have taken the relationship a step farther by donating a portion of their bank profits in the form of zakat as an act of corporate “charity” to terrorist organizations, or in the case of Al Rajhi, through private zakat donations of leading bankers.  Saudi Arabia and Iran are key bases for these activities, but this is a global phenomenon.

Al Rajhi Bank: 

The Saudi financial institution has served as the sharia bank of choice for the world’s jihadists, including East Africa embassy bomber Mamduh Mahmud Salim, Al Qaeda leader Ayman al-Zawahiri, and organizations like Indonesian Kompak and Al-Haramain.  Bank co-founder Sulaiman Al-Rajhi appeared on the infamous Golden Chain document of Al Qaeda financiers.  These allegations were reinforced by the recent U.S. Senate investigation into HSBC’s correspondent relationships.

Al Shamal Islamic Bank: 

Osama Bin Laden co-founded the Al Shamal in Sudan and invested $50 million there.  During the 1990s and early 2000s, Al Qaeda distributed money to its cells through Al Shamal.  Funds passed through Al Shamal were used in preparation for terrorist attacks.

OP, hang yourself.

National Commercial Bank: 

Offering conventional and sharia banking services, Saudi Arabia’s self-described first, largest, and most prominent bank is NCB.  Among other misdeeds, a Saudi audit revealed that NCB transferred $74 million in the 1990s as zakat through its charitable front organizations to Al Qaeda (see here, here, and here).  Khalid bin Mahfouz, the head of the bank, exploited libel laws to sue author Rachel Ehrenfeld in an effort to silence accusations about his role in financing terrorism.

Arab Bank: 

This conventional bank in Jordan maintains a wholly-owned subsidiary (Islamic International Arab Bank PLC) that offers full-range sharia services.  Arab Bank has transferred money on behalf of Comité de Bienfaisance et de Secours aux Palestiniens (CBSP), a notorious French charity, to a known financial subunit of Hamas.  The Jordanian bank has paid out insurance benefits to families of suicide bombers for the Saudi Committee—another charity that funds Hamas.  Arab Bank has handled transactions for the Holy Land Foundation, whose leaders now sit behind bars for financing terrorism.  It has been the subject of American investigations, but the bank has consistently refused to turn over related documents to the U.S.

Islamic Bank Bangladesh Limited: 

IBBL, Bangladesh’s biggest sharia bank, has handled Wahhabi accounts to propagate radical Islam since its inception.  In 2011, the Bangladeshi home ministry intelligence revealed that 8 percent of the bank’s profits were diverted as corporate zakat to support jihad in Bangladesh.  One of the men on IBBL’s board of sharia advisors was arrested in connection with a terrorist attack against Bangladeshi police officers.  The U.S. Senate slammed British bank giant HSBC for maintaining relationships with IBBL despite evidence that it served terrorists like Shaikh Abdur Rahman of Jamatul Mujahideen Bangladesh and terror-funding Islamic charities like IIRO.  The Senate’s report also implicated HSBC for disregarding evidence of terror financing at another Bangladeshi sharia bank with whom it worked:  Social Islami Bank.

[size=18pt]Quatar is Funding global terrorism[/size]


A recent statement by Syria’s Information Minister that Qatar is violating all of the UN Security Council’s resolutions on fighting terrorism is being silenced in the West. The United States and its allies are keeping silent because Doha is providing funding to carry out their plans. Nor is there any word about an Arab role in settling the Syrian crisis, because it would be unrealistic for those who are arming one side in the conflict and sending terrorists into Syria to have a hand in resolving it. And for good reason, if we recall the recent major terrorist attack in Boston in which there is clear evidence of Saudi brainwashing with Wahhabi ideas. That is especially true if we look back in history a little ways — to when leading members of Qatar’s ruling Al Thani family were concealing Saudi terrorists who helped with preparations for the November 11, 2001 terrorist attacks in the United States that killed thousands of civilians.

Qatar’s emir, Sheikh Hamad bin Khalifa Al Thani. Photo: AFP
And if we go back a few years further, we find that Qatar was on the US list of state sponsors of terrorism. It was only taken off the list because it offered to host a US naval base — the largest one in the region — which was used as a command post during the 2003 operation by forces of the United States and its allies to occupy Iraq. Huge amounts of money from natural gas sales enabled the Qataris get the “leader” of the global antiterrorist coalition to turn a blind eye on all of Doha’s transgressions in the sacred cause of assisting the “brothers” in sharing the Salafi faith everywhere — from Africa to Kashmir. If we can trust documents on the WikiLeaks site, in 2008 the former US ambassador to Doha, Joseph LeBaron, cabled the State Department that Qatar was still financing international terrorism. Leaks of his cables published by the Qatari newspaper Peninsula in 2010 generated an exchange of remarks between LeBaron and its chief editor. But the US ambassador left, and Washington simply hushed the matter up.
In the 1990s, Doha was among the most active “financiers” behind the separatist rebellion in Chechnya. It sent money to local militants and trained Arab terrorists who participated in attacks on the Russian Army in the North Caucasus. When the rebellion was put down and peace began returning to Chechnya and the Arab “mujahedin” were almost completely destroyed, Qatar’s Emir provided a refuge for Zelimkhan Yandarbiyev, “president” of the self-proclaimed Republic of Ichkeria and his many supporters, providing them with benefits and even government jobs.
Although Qatar has formally cut all government-level level financial ties with terrorist and Islamist groups at the state level, another mechanism for doing that has been put in motion — the so-called Islamic charities of Jamiat Qatar al-Khair, Sheikh Eid al-Khairiah, RAF, and the Qatari Red Crescent Society, which is also involved in allegedly charitable “international activities.” All are controlled by the Emir’s family or prominent representatives of it, as well as by the Ministry of Endowments and Islamic Affairs. And then there are their non-public activities. Money is seemingly collected by private individuals. Displays with signs indicating where donations are going can be seen in many of Doha’s large shopping malls: starving children in Somalia, aid for disaster victims in the poor Muslim countries of Asia and Africa, etc. The geographic scope is broad — stretching from the Western Sahara to the Philippines. As a rule, however, radical Islamist groups are always active in the countries concerned. And it is never possible to tell how much of the donations made to these funds by private individuals come out of the country’s natural gas revenues. Officially, members of the Al Thani clan and the Emir himself cannot contribute. They take money from the state treasury — as much as they need, considering that Qatar is an absolute monarchy in which the activities of the Emir are not subject to audit. And from there, the funds can be transferred to bank accounts in other countries, especially countries where learning the names of the account owners is difficult. Until recently, active use was made of Swiss banks and offshore financial institutions. It is easy to move funds out of them to specific “aid” recipients in, let us say, Istanbul, and after they are turned into cash they can be delivered by special courier to their final recipient. That could be a Wahhabi extremist groups in Dagestan or elsewhere in the North Caucasus; Jabhat al-Nusra terrorist cells fighting Syria’s legitimate government; or sleeper cells of extremists in France, the United States and other countries.
Sometimes, the money is simply handed over directly — for example, to Hamas leader Khaled Mashaal when he visits Doha, where he is received as a head of state. Palestinian sources say that the Emir personally gives him cash that then makes its way to its intended recipients through Arab countries neighboring on the Gaza Strip. Then homemade rockets that kill innocent civilians are sent flying towards Israel. However, it is obvious that large amounts of money go for other purposes, including undermining the Palestinian National Authority and for the personal “needs” of Hamas leaders.
The Qataris make no bones about the fact that since the Arab Revolutions began they have been directly funding militants and weapons for those fighting the ruling regimes in Arab countries. They did it in Libya, and they are doing it now in Syria. And after the recent Arab League summit in Doha, where Qatar’s political weight overcame even Egypt and Algeria to push through a decision allowing weapons to be delivered to Syrian opposition fighters, Doha no longer needs to hide its activities along those lines. But if we apply the international legal norms to Qatar’s activities, we find that they actually meet the legal definition of sponsoring international terrorism as spelled out in several UN Security Council resolutions and other international community documents.
Doha’s provision of money and weapons to terrorist groups like Jabhat al-Nusra qualifies as financing international terrorism.
The articles urging action against Russian and Chinese embassies in all Arab and Muslim countries because of Moscow’s and Beijing’s positions on Syria that appear periodically in the Qatari press are also worth mentioning. The Qataris took direct action in November 2011 when Doha airport police used an attempt to inspect the Russian ambassador’s diplomatic pouch as an excuse to beat him, injuring him physically. Such actions involving direct violence meet the definition of “incitement to terrorism,” which is also spelled out in UN documents. Even then, however, the Western and Arab press chose not to comment on Qatar’s attitude towards international legal norms.
Therefore, Syria’s information minister acted properly in demanding that the UN add Qatar to the list of state sponsors of international terrorism. It would be useful to find out where the aid from the Emirate’s Islamic funds goes and who receives the weapons Doha sends to Syria. Otherwise, the West will again endorse its commitment to a double standards policy. Therefore, the recurring suppression of news in the United States that Doha has allegedly “sponsored” another prominent foreign leader through kickbacks on investment contracts surprises no one. As the saying goes, “He who pays the fiddler calls the tune.” This is no way to fight terrorism and the sponsors of terrorism!


http://orientalreview.org/2013/05/23/qatar-is-funding-international-terrorism/

marginalisation of Nigeria gradually

I can't read this post....There is no crime in borrowing from an Islamic bank..... .....
Europe borrow from Islamic banks.

Lmaooo these iPod monkeys be creating useless threads

The illiterate up there said marginalization of Nigeria

Op no need to worry nah, the mpney will be used to develop every region other than the 5% areas.

IyaIode:
Op no need to worry nah, the mpney will be used to develop every region other than the 5% areas.

And the same 5% region is expected to pay for this boko loan that will end up financing global islamic terrorism?


Nonsense

mallamseifaldin:
I can't read this post....There is no crime in borrowing from an Islamic bank..... .....
Europe borrow from Islamic banks.

And Europe and the West have since finally patronizing them because of their funding of global jihad.

MagicBishop:


And the same 5% region is expected to pay for this boko loan that will end up financing global islamic terrorism?


Nonsense

Which one you pay b4. go siddon

IyaIode:


Which one you pay b4. go siddon

And which oil money be your own join?


Better get set to plant cocoa because whatever loan your boko govt takes from boko bank will be repaid by only you guys in the parasitic Nijeriya

Buhari's destiny is to destroy Nigeria. He has confided in trusted aides that he's got nothing to lose since he has attained the peak in his career and now a sitting president.

MagicBishop:


And which oil money be your own join?


Better get set to plant cocoa because whatever loan your boko govt takes from boko bank will be repaid by only you guys in the parasitic Nijeriya

Na your palm oil them wan use pay back b4? My friend go and learn work

Chubhie:
Buhari's destiny is to destroy Nigeria. He has confided in trusted aides that he's got nothing to lose since he has attained the peak in his career and now a sitting president.

Maybe to destroy the 5%, definately not Nigeria

IyaIode:


Na your palm oil them wan use pay back b4? My friend go and learn work

Look at this Yeye woman...

The oil will not fund your foolish senseless boko govt ever again.


Better start planting cocoa.

Jobless e toutess

IyaIode:
Maybe to destroy the 5%, definately not Nigeria

Assuming only the 5% are bearing the burden of buhari's voodoo economics?

IyaIode:

Maybe to destroy the 5%, definately not Nigeria

It is your region that will be consumed by his stupidity and not the better south.

The hatred and jealousy you hold against us now will be a small thing when real progress begins to take shape inthe form of an independent nation.

Enjoy your useless one Nijeriya gbesse boko land

[s]

MagicBishop:
Al Shamal Islamic Bank: 

Osama Bin Laden co-founded the Al Shamal in Sudan and invested $50 million there.  During the 1990s and early 2000s, Al Qaeda distributed money to its cells through Al Shamal.  Funds passed through Al Shamal were used in preparation for terrorist attacks.

[/s]


This Bank was founded back in 1983 and Osama wasn't a co founder, he only invested his money in the bank after arriving in Sudan in 1991.

I don't even know what your ignorant and religious bigotry rubbish got t do with Nigeria anyway...

arresa:
[s][/s]


This Bank was founded back in 1983 and Osama wasn't a co founder, he only invested his money in the bank after arriving in Sudan in 1991.

I don't even know what your ignorant rubbish got t do with Nigeria anyway...

Remi tinubu pant sniffer, the bank details are availlable online for all to see.

Stop derailing with your foolishness

Oyegun was right. God does has His hands over Nigeria's financial and economic problems.


That oil that inspired the boko to run for president is worthless now under his boko regime and so shall it continue to drop until Gods people leave this evil nation ruled by wicked and cruel men.


You can not run this country with our oil and marginalize us at the same time.


God does know how to protect his children.

Just imagine if the oil was trading at over $100 ? Do you think these bokos in govt will not look for an excuse to commit genocide on us and take the oil for themselves?

God pass them and all their boko networks combined.

^^^^ lmfao look at this IPOd fool claiming "our" oil.You think it's your palm oil that's the engine room of Nigeria

MagicBishop:
Al Rajhi Bank: 

The Saudi financial institution has served as the sharia bank of choice for the world’s jihadists, including East Africa embassy bomber Mamduh Mahmud Salim, Al Qaeda leader Ayman al-Zawahiri, and organizations like Indonesian Kompak and Al-Haramain.  Bank co-founder Sulaiman Al-Rajhi appeared on the infamous Golden Chain document of Al Qaeda financiers.  These allegations were reinforced by the recent U.S. Senate investigation into HSBC’s correspondent relationships.

[img]http://www.rspe.my/Projects_files/Projects%20-%20Al%20Rajhi%20Bank%20HQ_files/Al-Rajhi%20Bank%20HQ.jpg[/img]

HQ in SA


Terrorist affiliated financial institutions are not allowed to participate in any local or international financial activities and the banks you are talking about are reputable banks financing major projects all over the world...


[img]http://www.thenational.ae/storyimage/AB/20150802/ARTICLE/150809880/AR/0/&MaxW=640&imageVersion=default&AR-150809880.jpg[/img]


Bahrain’s $650m Villamar project financed by the same bank you ignorantly labeled a terrorist bank.

http://www.thenational.ae/business/property/bahrains-650m-villamar-project-to-restart


Bahrain hosts some of the largest US military bases in the world if I might add...


This is why you people are so backward and frustrated with life, you are too obsessed with hate, bigotry and bitterness.

[s]

MagicBishop:


Remi tinubu pant sniffer, the bank details are availlable online for all to see.

Stop derailing with your foolishness

[/s]


olodo iPoD loser, that's why you failed to supply links with your online lies and fabrications?


Failed losers.... This is why you people fail all the time. Hatred, bitterness and bigotry formulate your thinking and way of life...

arresa:




[img]http://www.rspe.my/Projects_files/Projects%20-%20Al%20Rajhi%20Bank%20HQ_files/Al-Rajhi%20Bank%20HQ.jpg[/img]

HQ in SA


Terrorist affiliated financial institutions are not allowed to participate in any local or international financial activities and the banks you are talking about are reputable banks financing major projects all over the world...


[img]http://www.thenational.ae/storyimage/AB/20150802/ARTICLE/150809880/AR/0/&MaxW=640&imageVersion=default&AR-150809880.jpg[/img]


Bahrain’s $650m Villamar project financed by the same bank you ignorantly labeled a terrorist bank.

http://www.thenational.ae/business/property/bahrains-650m-villamar-project-to-restart


Bahrain hosts some of the largest US military bases in the world if I might add...


This is why you people are so backward and frustrated with life, you are too obsessed with hate, bigotry and bitterness.

Remi tinubu pant sniffer, even the US knows of that Saudi and Gulf based Sharia banks are conduits for sponsoring Islamic jihad.


We are waiting for Trump to dump Saudi Arabia in place of Shale oil and from there see a civil war in Islam between Iran and the Sunni Arabs.


No worry , Obama bastard will soon leave for good.

arresa:
[s][/s]


olodo iPoD loser, that's why you failed to supply links with your online lies and fabrications?


Failed losers.... This is why you people fail all the time. Hatred, bitterness and bigotry formulate your thinking and way of life...

Go and sniff Remi tinubu pant you area online tout

[s]

MagicBishop:


Remi tinubu pant sniffer, even the US knows of that Saudi and Gulf based Sharia banks are conduits for sponsoring Islamic jihad.


We are waiting for Trump to dump Saudi Arabia in place of Shale oil and from there see a civil war in Islam between Iran and the Sunni Arabs.


No worry , Obama bastard will soon leave for good.

[/s]


I'm not interested in your donald trump idiocy...


At least say thanks to me for crushing your ignorant stupidity and bigoted nonsense...

Ignorant iPoD olodo forming on the internet...