Bahrain Accuses Future Bank, Iranian Banks of Money Laundering

The pink supermoon rises next to Bahrain World Trade Centre in Manama, Bahrain April 7, 2020. (Reuters)
The pink supermoon rises next to Bahrain World Trade Centre in Manama, Bahrain April 7, 2020. (Reuters)
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Bahrain Accuses Future Bank, Iranian Banks of Money Laundering

The pink supermoon rises next to Bahrain World Trade Centre in Manama, Bahrain April 7, 2020. (Reuters)
The pink supermoon rises next to Bahrain World Trade Centre in Manama, Bahrain April 7, 2020. (Reuters)

The high criminal court of Bahrain accused on Thursday the Iran-owned Future Bank, five of its officials and several Iranian banks of money laundering.

The bank officials were sentenced to five years in prison and fined 1 million dinars each, report the Bahrain news agency (BNA).

The other involved banks were fined 1 million dinars each and the financial sums at the heart of the case were seized. They are estimated at around 43 million dollars.

Earlier this year, the Public Prosecution said that the Future Bank, which operated under the supervision of Bank Melli Iran and Bank Saderat Iran, carried out thousands of international financial transactions while providing cover for Iranian entities by concealing and deliberately removing basic information when transferring funds via the SWIFT network.

Bahraini authorities suspended activities of the bank in 2012 due to UN sanctions on Iran. Manama has been accusing the bank of being a terrorism financing channel since Feb. 14, 2011.



Islamabad Declaration for Girls’ Education Launched at Conclusion of Global Conference

MWL Secretary General and Chairman of the Organization of Muslim Scholars Sheikh Dr. Mohammed Al-Issa
MWL Secretary General and Chairman of the Organization of Muslim Scholars Sheikh Dr. Mohammed Al-Issa
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Islamabad Declaration for Girls’ Education Launched at Conclusion of Global Conference

MWL Secretary General and Chairman of the Organization of Muslim Scholars Sheikh Dr. Mohammed Al-Issa
MWL Secretary General and Chairman of the Organization of Muslim Scholars Sheikh Dr. Mohammed Al-Issa

The Muslim World League's (MWL) global conference on Girls' Education in Muslim Communities concluded in Islamabad on Monday with the launch of the “Islamabad Declaration for Girls’ Education,” receiving widespread approval from senior scholars, Islamic jurisprudence councils, international organizations, and activists.

The event also saw the establishment of a platform for international partnerships, acting as the initiative's executive arm, with over 20 agreements and pledges signed by scholars, United Nations organizations, and leaders from academic, media, and civil institutions.

The announcement was attended by MWL Secretary General and Chairman of the Organization of Muslim Scholars Sheikh Dr. Mohammed Al-Issa, alongside representatives from Pakistan’s government and parliament.

The conference also featured global education activist Malala Yousafzai, senior muftis and scholars from the Islamic world, ministers of education from Islamic countries, and representatives from the United Nations University for Peace and the League of Islamic Universities.

The Islamabad Declaration drew inspiration from two landmark documents, the “Charter of Makkah” and the “Charter of Building Bridges between Islamic Schools of Thought and Sects,” both issued by MWL under the patronage of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud.

These charters emphasize the empowerment of women in education across all levels, aligning with the goals of the MWL’s initiative.

Key partnerships formed during the conference included a memorandum of understanding between the MWL and the Organization of Islamic Cooperation (OIC) to establish a strategic alliance supporting the education of girls.

The conference also prioritized providing scholarships to Muslim girls, enhancing their leadership and problem-solving skills.

Agreements were reached between the MWL and Islamic and international universities, the League of Islamic Universities, the United Nations University for Peace, the United Nations High Commissioner for Refugees (UNHCR), and UNICEF.

In addition, the MWL partnered with international organizations to conduct research and publish reports on women's issues. Media campaigns aimed at raising awareness about girls' right to education were also launched.

The conference concluded with pledges from global academic institutions and organizations to support girls' education through scholarships, grants, and programs designed to improve access to quality education.

This initiative underscores the MWL’s commitment to empowering girls in Muslim communities and fostering international cooperation for sustainable development.