To learn more about Legal Action in Shariah Finance, click here

Shariah Finance

French Trial for 8 Suspects in Terror Finance Ring

January 3, 2011
Paris, France

Eight men went on trial on Monday in Paris for their alleged roles in an armed gang accused of using explosives and the threat of violence to finance Islamic terror operations.

Prosecutors say the gang set up a restaurant and a cybercafe to try and hide their criminal activities — an "elaborate strategy to promote and finance the cause" of terror, the indictment alleges.

The trial, set to continue until Jan. 28, takes place five years after the suspects' arrest in an anti-terror sweep. It is common in France for investigators to work on cases for years before they go to trial.


Oklahoma and Shariah Law

This is the wording of an Oklahoma Ballot Measure (State Question 755) passed in the November 2, 2010 election by 70% of the popular vote.The measure amends the state constitution to forbid judges from considering Islamic law or international law when making a ruling.


State Question 755

This measure amends the State Constitution. It changes a section that deals with the courts of this state. It would amend Article 7, Section 1. It makes courts rely on federal and state law when deciding cases. It forbids courts from considering or using international law. It forbids courts from considering or using Sharia Law.

International law is also known as the law of nations. It deals with the conduct of international organizations and independent nations, such as countries, states and tribes. It deals with their relationship with each other. It also deals with some of their relationships with persons.

The law of nations is formed by the general assent of civilized nations. Sources of international law also include international agreements, as well as treaties.

Sharia Law is Islamic law. It is based on two principal sources, the Koran and the teaching of Mohammed.

Shall the proposal be approved?

For the proposal
Yes: __________
Against the proposal
No: _________


The summary of the measure reads: A Joint Resolution direction the Secretary of State to refer to the people for their approval or rejection a proposed amendment to Section 1 of Article VII of the Constitution of the State of Oklahoma; creating the Save Our State Amendment; requiring the courts of this state to uphold and adhere to the law as provided in federal and state constitutions, established common law, laws, rules and regulations; prohibiting consideration of certain laws; providing ballot title; and directing filing.

Iran's Post Bank - International Connections and U.S. Relationships

The U.S. Treasury designated Post Bank of Iran as having ties to Bank Sepah. Both banks are provided financial services to Iran’s ballistic missile program. Post Bank of Iran has provided millions of dollars to North Korean weapons manufacturers as well.

The Terror Finance Blog
June 16, 2010
Washington, D.C.

On Wednesday, June 16, 2010, the U.S. Treasury Department officially designated Post Bank of Iran for “providing financial services to, and acting on behalf of, Bank Sepah”. Both financial institutions are now designated under Executive Order (EO) 13382. Post Bank reportedly facilitated business on behalf of Bank Sepah for Iran's defense industries and overseas beneficiaries. Originally Bank Sepah was designated for providing financial services to Iran's missile industry, including two entities linked to Iran's ballistic missile program. Bank Sepah was also subsequently designated by the United Nations in March 2007 under UNSCR 1747.

Specifically, Post Bank is accused of facilitating millions of dollars between an Iranian-based ‘Hong Kong Electronics’ which provided support to designated North Korean entities, including Tanchon Commerical Bank (designated under EO 13382 and UNSCR 1717) and a weapons proliferator, Korea Mining Development Corporation (designated under EO 13382)

According to the prestigious London headquartered global database Bankers’ Almanac, owned by the Reed business information group, Post Bank reportedly maintains eight correspondent banking relationships. These include banks located in countries that are strong allies of the United States. Correspondent banks provide financial services, such as access to foreign currencies and markets, to other banking institutions when they do not have a physical presence in any given location.


Fighting USG Shariah Finance: The AIG Credit Facility Trust Is Illegal

The lawsuit brought by US Marine Kevin Murray against the US Treasury and Timothy Geithner questioning whether the AIG taxpayer bailout violates the establishment clause (the U.S. govt is prohibited from owning a religious business) is moving full speed ahead! All efforts by the U.S. government to stop the lawsuit (and there have been many) have been dismissed time and time again by the judge who believes there is a real case here. Now, the lawyers bringing the suit have discovered that our own U.S. government illegally transferred bailout money to AIG through an illegal trust. While this does NOT address the issue of Shariah, it will likely ensure that this lawsuit will continue on, with more press coverage and eventual discovery that Shariah is not just a religion but a political movement whose mission is to overtake our country and replace our U.S. Constitution with Shariah Law.

Atlas Shrugs
February 2, 2010
New York, NY

The federal government is opposing a Michigan man's request to take the deposition of Treasury Secretary Timothy Geithner in a lawsuit that challenges the bailout of American International Group Inc.

A lawsuit was filed in 2008 on religious grounds, claiming the government should not have bailed out AIG because the insurance giant sold financial products specifically tailored to Islamic principles.

The lawsuit says AIG sells Takaful insurance, which is based on communal assistance that has been accepted by some Islamist religious officials.

U.S. Magistrate Judge Mona Majzoub is scheduled to hear arguments Feb. 8.

In May, U.S. District Judge Lawrence Zatkoff denied a request to dismiss the lawsuit at an early stage, saying the case raises questions about whether the government is promoting religion.


Feds Act to Seize N.Y. Skyscraper, 4 Mosques

“Prosecutors said the Alavi Foundation, through a front company known as Assa Corp., illegally funneled millions in rental income back to Iran 's state-owned Bank Melli. Bank Melli has been accused by a U.S. Treasury official of providing support for Iran 's nuclear program, and it is illegal in the United States to do business with the bank. ‘For two decades, the Alavi Foundation's affairs have been directed by various Iranian officials, including Iranian ambassadors to the United Nations, in violation of a series of American laws,’ U.S. Attorney Preet Bharara said in a statement.” Bank Melli funds terror via zakat.

November 12, 2009
New York, NY

Federal prosecutors Thursday took steps to seize four U.S. mosques and a Fifth Avenue skyscraper owned by a nonprofit Muslim organization long suspected of being secretly controlled by the Iranian government.

In what could prove to be one of the biggest counterterrorism seizures in U.S. history, prosecutors filed a civil complaint in federal court seeking the forfeiture of more than $500 million in assets of the Alavi Foundation and an alleged front company.

The assets include Islamic centers in New York City, Maryland, California and Houston, more than 100 acres in Virginia, and a 36-story office tower in New York.

  • «
  •  Start 
  •  Prev 
  •  1 
  •  2 
  •  Next 
  •  End 
  • »
Page 1 of 2

To view a listing of the articles within this section, please click here.