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http://www.jewishvirtuallibrary.org/jsource/History/jewref.html
On May 16, 1948, a New York Times Headline read “Jews in Grave Danger in all Muslim Lands: Nine Hundred Thousand in Africa and Asia face wrath of their foes.“ The story reported of a law drafted by the Arab League Political Committee “which was intended to govern the legal status of Jewish residents of Arab League countries. Their bank accounts would be frozen and used to finance resistance to ‘Zionist ambitions in Palestine.’ Jews believed to be active Zionists would be interned and their assets confiscated.“ Pogroms and persecutions, and grave fears for their future, regularly preceded the mass expulsions and exoduses of the Jews, whose ancestors had inhabited these regions from time immemorial. Beginning in 1948, more than 650,000 Jews left their homes in the Arab world to become refugees, and were eventually integrated into Israel, even as the country was being threatened with annihilation by neighboring Arab League states. Since their belongings were confiscated as the price of leaving from their repressive homelands, they arrived in Israel penniless, but they were welcomed and quickly absorbed into Israeli society. Approximately 300,000 more Jews found refuge, and a new homeland, in Europe and the Americas.
The mass displacement of the Jews from Arab countries has been a breach of international law. The 1945 Nuremberg Charter made wartime mass deportation a crime against humanity, and the 1949 Geneva Convention Relative to the Treatment of Civilians in Time of War also prohibits deportations and forcible transfers, whether mass or individual. Decrees and practices discriminating against Jews in Arab countries, especially denationalization, is eerily similar to the Nazi Nuremberg Laws on Citizenship and Race, and the victims are the same, the Jews.
Roughly half of Israel’s 5 million Jews are Jewish refugees from Arab countries or their descendants, and they received no humanitarian aid from the United Nations. To this day, the Arab states have refused to pay any compensation to the hundreds of thousands of Jews who were forced to abandon their property before fleeing their homelands. Israel has consequently maintained that any agreement to compensate the Palestinian refugees must also include Arab compensation for Jewish refugees.