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BAITUL MAL INC. (BMI) Printer Friendly Page

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  • Provided financial analysis and consultation services for Muslims
  • Had connections to many suspected terrorist financiers and served as a financial conduit for several known Hamas and al Qaeda moneymen
  • Was involved in financing the August 1998 al Qaeda bombings of two U.S. embassies in Kenya and Tanzania
  • Affiliated with the Muslim Brotherhood
  • Defunct since 2001



See also:   Muslim Brotherhood


Baitul Mal, Inc. (BMI) was a Secaucus, New Jersey-based organization that provided financial analysis and consultation services for Muslims in the fields of investment, international trade, real estate development, and personal property leasing. In 1999, U.S. investigators established a financial link between BMI and Mercy International, a pseudo-charity with close ties to al Qaeda. BMI also had connections to many suspected terrorist financiers and served as a financial conduit for several known Hamas and al Qaeda moneymen; it is further believed that BMI was involved in financing the August 1998 al Qaeda bombings of two U.S. embassies in Kenya and Tanzania.

BMI's chairman was Shamim Siddiqi, who also served as director of the Islamic Council of North America's (ICNA) Da'wah and Publications Department. (Da'wah denotes preaching or proselytizing in an effort to win converts to the Muslim faith.) ICNA's “sole objective,” said Siddiqi, was “to struggle for [the total establishment of Islam] in America.”

Urging Muslims to reject Western law in favor of Islamic law (Sharia), Siddiqi wrote:

 "Allah's authority must be accepted in every walk of life. Only Allah's given code of conduct (Sharia) should be practiced. Then only the demands of Iman [faith] in Allah are fulfilled. Islam denies all authorities other than Allah. It denies the concept that while in the church/mosque/synagogue, one worships Allah and when outside, he obeys Caesar and man-made laws. There is no diarchy in Islam. Such duality of a character is clearly hypocrisy and it is totally forbidden in Islam."

According to Siddiqi, American Muslims are obliged to establish an Islamic state in their adopted country, for the ultimate purpose of destroying Western civilization:

"If we become true [believers], organize ourselves as Jama'ah [an organization] and struggle for the establishment of His Deen [religion] on earth, the Batil [falsehood] forces will, Insha Allah [God willing], evaporate like morning due [sic]. The entire secular world is like the house of [a] spider and the weakest house as Allah ordains is that of [a] spider. It cannot stay before the will of Allah, if we become His true soldiers, the Mujahideen Fi Sabil Allah [warriors in the path of Allah]."

BMI was named in a May 1991 Muslim Brotherhood document -- titled "An Explanatory Memorandum on the General Strategic Goal for the Group in North America" -- as one of the Brotherhood’s 29 likeminded "organizations of our friends" that shared the common goal of destroying America and turning it into a Muslim nation. These "friends" were identified by the Brotherhood as groups that could help teach Muslims "that their work in America is a kind of grand Jihad in eliminating and destroying the Western civilization from within and 'sabotaging' its miserable house by their hands ... so that ... God's religion [Islam] is made victorious over all other religions."

Also named in the Muslim Brotherhood document were:

 

BMI has been defunct since July 2001.

 

 

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