To be sure, there is no shortage in oil billionaires in Saudi Arabia and the Gulf states. According to Forbes Magazine 2006 list of the World’s Richest People, Saudi and Gulf billionaires are worth at least $134 billion. Muslim billionaires in Egypt, Turkey and Lebanon are worth additional $29.4 billion. This is not taking into account Muslim billionaires and millionaires in Asia and elsewhere. Moreover, the oil boom in the Middle East generated at least 300,000, new wealthy millionaires in the region.
According to the Department of Energy, Saudi Arabia is estimated to gain $154 billion in oil revenues in 2006, alone, and has at least $110 billion in foreign assets.
Yet, despite all this wealth, Muslim charities do not focus on alleviating the suffering of millions of poor Muslims and provide for their economic development the way the United States Agency for International Development (USAID) does. Instead, Muslim charities, led by the Saudis, continue to pour billions into madrassas to spread Wahhabism and hatred of the West around the globe – and not only in the Muslim world.
Testifying before the House International Relations Committee on June 29, 2006, Assistant Secretary of State Jendayi Frazer stated, “Saudi Arabia has become a leading financier of the Islamic takeover of Somalia.” And in the Middle East, Saudi and Gulf cash, smuggled into Gaza under the watchful eyes of the Egyptians, helped Hamas pay the salaries of at least 130, 000 employees of the Palestinian Authority, according to Middle Eastern sources.
And more money is coming. On July 5, The Arab League announced in Cairo the transfer of $50 million to the West Bank and Gaza, and $15 million to pay for o Palestinian refugees in Lebanon and to employees and diplomats in Palestinian embassies and Palestinian representative. In addition, the U.S. “good ally,” Saudi Arabia, “also provided $50 million.” This is at the time that President George W. Bush, declared: “In order for there to be peace, Hamas must be dismantled.”
Two years ago, the Saudi government gave at least $12 billion per year to Muslim charities. In light of their growing oil revenues, it is reasonable to assume that they are contributing more now.
Mere på Muslim World Today