Free Republic

The Justice Department has agreed to end its investigation into an international financial network with ties to the Muslim Brotherhood and a Saudi prince in a settlement in excess of $30 million, sources tell the Investigative Project on Terrorism. But DOJ officials refuse to release a copy of the settlement or make any comment on it. "Unfortunately, we're unable to provide anything in connection with this matter," DOJ spokesman Charles Miller wrote in response to a query Aug. 16. He did not contest the existence of the settlement with the Islamic Investment Company of the Gulf (IICG). Repeated attempts to...

DUBAI -- Persian Gulf investors plan to open a new $10 billion Islamic bank by year end in Bahrain, the chairman of the Union of Arab Banks said Sunday. The institution would be called "Istikhlaf Bank" and its shares would be listed on the Bahrain Stock Exchange and Nasdaq Dubai via an initial public offering, Adnan Ahmed Yousif said. "We call it the godfather of Islamic banks," Mr. Yousif told reporters on the sidelines of a banking conference. The proposed bank "will be established with a $10 billion capital and right now we are at a stage of forming the...