A new approach to the criminalization of terrorist financing and its compatibility withSharialaw

Hamed Tofangsaz

Journal of Money Laundering Control, 2012, vol. 15, issue 4, 396-406

Abstract: Purpose - The purpose of this paper is to re‐discover the nature of the crime of terrorist financing in order to challenge the assumption which requires the criminalization of terrorist financing as a predicate crime to money laundering. Design/methodology/approach - Illustrating the nature of the crime of terrorist financing and money laundering, the necessity of the criminalization of terrorist financing as an inchoate crime in accordance with the principles of Islamic criminal law will be examined. Findings - While the criminalization of money laundering in Islam is based on the illegality of crimes already happened, impermissibility of terrorist financing needs to be forward‐looking, concentrating on the destination of the crime of terrorist financing. This requires criminalization of terrorist financing as an inchoate offence which is compatible with the principles of Islamic criminal law. Originality/value - The paper provides new insight into the criminalization of terrorist financing.

Keywords: Crime; Money laundering; Terrorist financing; Sharia; Inchoate; Islam; Law (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jmlcpp:13685201211265980

DOI: 10.1108/13685201211265980

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