Category Archives: Minnesota: Hawala banking system funded Somali jihadists

Minnesota: Hawala banking system funded Somali jihadists

by creepingharia

In this post a few days ago, two of the fourteen Muslims indicted for aiding Islamic terrorists in Somalia were arrested for raising funds for jihad. More on the money transfer via How the Hawala banking system works

ROCHESTER (KTTC-DT) — “Transfer, trust” is the meaning of the Hawala banking system, used for centuries in the Muslim world.

Hawala is a way to move money quickly and efficiently.

For many Somalis in Rochester, this means getting in touch with their native land where banks do not exist.

Amal Express is one of the many Somalia based Hawala’s in Rochester.

Money transactions take place completely on the honor system.

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