Dow Jones, Wall Street Journal, and Islamist Financing By Jeffrey Imm

On November 18, the Wall Street Journal (WSJ), published by Dow Jones, is sponsoring a conference in the United Arab Emirates (UAE) on "Islamic and Ethical Finance" to "examine the huge opportunities presented by this high-growth sector". The Wall Street Journal's "Chief Shariah Officer" for this November 18 conference is Shaykh Yusuf Talal DeLorenzo, who has worked for the pro-Wahhabist International Institute of Islamic Thought (IIIT) organization and who was secretary of the Fiqh Council of North America (FCNA) beginning in 1989. IIIT was named in a May 1991 Muslim Brotherhood memorandum as one of the Muslim Brotherhood's like-minded "organizations of our friends." The Investigative Project has linked members of the FCNA to Islamist extremism and terrorism.

The Dow Jones Company provides a Dow Jones Islamic Market and a Dow Jones Islamic Fund (IMANX). The Dow Jones Islamic Fund is managed by Allied Asset Advisors, a subsidiary of the North American Islamic Trust (NAIT). NAIT is a venture of HLF trial unindicted co-conspirator Islamic Society of North America (ISNA). Regarding NAIT, Newsweek has reported that "authorities say NAIT has long been a funnel for Saudi and other gulf money seeking to spread an often anti-American brand of Islamic fundamentalism in American mosques from southern California to South Carolina -- a little-noted movement financed by Saudi billions over the past 40 years."

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