1976:
Faisal Islamic Bank of Egypt Founded and Funds Political Growth of Islamist Movement -
Founded in 1976, FAISAL ISLAMIC BANK of EGYPT (FIBE) was part of the banking empire built by SAUDI PRINCE MOHAMMED al-FAISAL. Several of the FOUNDING MEMBERS are leading members of the MUSLIM BROTHERHOOD, INCLUDING the “BLIND SHEIKH,” Sheikh Omar Abdul-Rahman.
The growth of Islamic banking directly funds the political growth of the Islamist movement, and allows the Saudis to pressure poorer Islamic nations, like Egypt, to shift their policies to the right.
The Islamic banking boom is closely associated with the NEOLIBERAL FREE-TRADE PHILOSOPHY of the CHICAGO SCHOOL of ECONOMICS, and with the free-trade prescriptions of the INTERNATIONAL MONETARY FUND, and with CONSERVATIVE THINK-TANKS like the VIRGINIA-based ISLAMIC FREE MARKET INSTITUTE.
FIBE is also closely associated with the infamous BANK of CREDIT and COMMERCE INTERNATIONAL (BCCI), which will found to be deeply implicated in the ILLEGAL ARMS and NARCOTICS TRADES, and with the FUNDING of TERRORIST ORGANIZATIONS when it collapses in 1991.
Investigators will also find that BCCI held $589 million in “unrecorded deposits,” $245 million of which were placed with FIBE. [Dreyfuss, 2005, pp. 164 - 175]
December 1982:
Muslim Brotherhood Project to Infiltrate and Defeat the West
Edit event -
In November 2001, Swiss investigators will search the home of YOUSSEF NADA, the LEADER of Al TAQWA BANK, a SWISS BANK that had just been SHUT DOWN by the US and the UN for alleged ties to al-Qaeda, Hamas, and other radical militant groups (see November 7, 2001).
NADA and other Al Taqwa directors are prominent members of the MUSLIM BROTHERHOOD. Newsweek will say, “The Brotherhood, founded in Egypt in 1928 as a religious and quasi-political counterweight to the corrupt and increasingly decadent royalist and colonial governments dominating the Islamic world, always has had TWO FACES:
one a peaceful public, proselytizing and social-welfare oriented wing; the other
a clandestine, paramilitary wing.…
Intelligence and law-enforcement officials say that while some branches and elements of the Brotherhood, such as the offshoots now operating in EGYPT and SYRIA, have PLEDGED to work for their GOAL of a WORLDWIDE ISLAMIC CALIPHATE using PEACEFUL MEANS and ELECTORAL POLITICS, the Brotherhood has also spun off many—if not most—of the more violent local and international groups devoted to the cause of Islamic holy war.” Such offshoots will include al-Qaeda and Hamas. [Newsweek, 12/24/2004]
Swiss investigators discover a 14-page document from December 1982 entitled “The Project.” NADA claims not to know who wrote the document or how he came to have it, and he says he disagrees with most of the contents. The document details a strategic plan whose ultimate goal is “the establishment of the reign of God over the entire world.”
The document begins, “This report presents a GLOBAL VISION of an INTERNATIONAL STRATEGY of ISLAMIC POLICY.” It recommends to “STUDY of the CENTERS of POWER LOCALLY and WORLDWIDE, and the POSSIBILITIES of PLACING THE UNDER THE INFLUENCE,” to CONTACT and SUPPORT NEW HOLY WAR MOVEMENTS ANYWHERE IN THE WORLD,, to support holy war in PALESTINE, and “NURTURE the SENTIMENT of RANCOR with regard to the JEWS.”
Swiss investigators who analyze the document will later write that the strategy aims to achieve “a growing influence over the Muslim world. It is pointed out that the [Muslim Brotherhood] DOESN’T HAVE to ACT in the NAME of the BROTHERHOOD, but can INFILTRATE EXISTING ENTITIES. They can thus AVOID BEING LOCATED and NEUTRALIZED.”
The document also advocates creating a network of religious, educational, and charitable institutions in Europe and the US to increase influence there.
[Unknown, 12/1982; Le Temps (Geneva), 10/6/2005]
One can see the “infiltration” and influence, even as recent as 3 yrs ago, in our own government. A number of employees are Islamists as are a few of our representatives, for example, Ellison who accompanied Nancy Pelosi/Hoyt to the ME.