Search This Blog

Tuesday, 13 September 2011

Jonathan Schanzer: Saudi Arabia’s Terror Finance Problem

The Saudis produce, thanks to proceeds from the West’s insatiable thirst for petroleum, far more jihadist philanthropy than any other Muslim country. One former State Department official estimates that Saudis donate between $3 and $4 billion annually to Islamic causes. According to one source, from 1973-2002, the Saudi government spent some $80 billion on Islamic institutions, mosques, Islamic centers, Muslim colleges, and Islamic schools. Given the opaque nature of Saudi society, many terror finance analysts have tried and failed to pinpoint the exact percentage of those funds earmarked for terrorism and extremist causes. But if it’s just ten percent (a lowball estimate), that would be $8 billion. The real number is likely higher.

No comments:

Post a Comment