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The Muslim Brotherhood's Bank in US and Canada

The following is an excerpt from Shariah – The Threat to America, the report of Team B II of the Center for Security Policy. Here, we explore the North American Islamic Trust (NAIT), the Muslim Brotherhood front that dominates the ownership of mosques and Islamic centers in the U.S. and Canada.

North American Islamic Trust: The Ikhwan’s bank in the US and Canada

The North American Islamic Trust was created by the Saudis in 1973 and is often called “the bank” for the Muslim Brotherhood in North America. The following description of NAIT and its function was found on the website of its parent organization, ISNA:

“The North American Islamic Trust (NAIT) is a waqf, the historical Islamic equivalent of an American trust or endowment, serving Muslims in the United States and their institutions since 1973. NAIT is a not-for-profit entity, a tax-exempt organization under Chapter 501(c) (3) of the Internal Revenue Code. NAIT supports and provides services to ISNA, MSA, their affiliates, and other Islamic centers and institutions.

“NAIT holds titles to mosques, Islamic centers, schools and other real estate to safeguard and pool the assets of the American Muslim community, develops financial vehicles and products that are compatible with both the shariah and the American law, publishes and distributes credible Islamic literature, and facilitates and coordinates community projects.

Islamic Centers Division: Islamic Centers Division (ICD) manages Waqf program services of NAIT to Islamic centers, mosques and schools. NAIT’s Waqf program for the properties of Islamic centers, mosques and schools is based on NAIT holding titles to these assets. NAIT holds titles of approximately 300 properties. NAIT safeguards these community assets, and ensures conformity to the Islamic purpose(s) for which their founders established them. NAIT does not administer these institutions or interfere in their daily management, but is available to support and advise them regarding their operation in conformity with the shariah.”

As the foregoing makes plain, given the ties the Islamic Society of North America and the Muslim Students Association have to the Muslim Brotherhood, NAIT serves as the bank for the Ikhwan (the Arabic shorthand for Muslim Brotherhood) in the United States and Canada. The ISNA website goes on to say that NAIT “ensures conformity to the Islamic purpose(s) for which their founders established them.”



Since the MB exists to further the Islamic Movement, in pursuit of bringing the world under shariah and with the end goal of re-establishing the global Islamic State (i.e., the caliphate), NAIT serves, as a practical matter, as both an enabler and, through its financial leverage, an enforcer of the collective pursuit of those objectives.

As noted in connection with the foregoing discussion of ISNA, NAIT was also an unindicted coconspirator in the 2008 Holy Land Foundation (HLF) trial. In the course of those proceedings, numerous checks and other documents were made a part of the public record detailing financial transactions between NAIT and known Hamas entities.

NAIT joined ISNA in requesting its name be removed from the un-indicted co-conspirator list in the HLF trial. This motion was denied by the judge due to the overwhelming evidence that NAIT, in fact, serves as a support structure for the terrorist group Hamas.

Part 21 of this serialization of the Team B report focuses on the Council on American Islamic Relations (CAIR).


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