The North American Islamic Trust (NAIT) describes itself as “a waqf, the historical Islamic equivalent of an American trust or endowment, serving Muslims in the United States and their institutions. NAIT facilitates the realization of American Muslims’ desire for a virtuous and happy life in a Shari’ah-compliant way.” A research report on the Islamic Society of North America (ISNA) describes the origins of NAIT and the role that it played in the early development of the US Muslim Brotherhood:
The North American Islamic Trust (NAIT) was established on May 23, 1973 and later became known as an affiliate of ISNA. According to the incorporation documents, the purpose of NAIT was to “serve the best interests of Islam and the Muslim Student’s Association of the United States and Canada” by establishing a non-profit, tax-exempt corporation to hold “investment property.” …: An Islamic scholar writes: “With its ability to raise funds, especially from overseas, MSA began establishing business and professional organizations useful in establishing off-campus institutions. The North American Islamic Trust (NAIT) became instrumental in establishing masajid, student houses, Islamic centers, full-time schools, and literature publishing (under the American Trust Publications, International Graphics Press, and Islamic Book Service). Its members created the American Muslim Scientists and Engineers (AMSE), the American Muslim Social Scientists (AMSS), and the Islamic Medical Association (IMA).”
The report goes to describe how NAIT today has become the custodian of a large number of U.S. mosques and Islamic centers:
The NAIT website states that it “holds the title of approximately 300 properties” a figure consistent with a LEXIS/NEXIS search showing 332 properties in the real-estate related database and with a report by the Council on American Islamic Relations which says that NAIT owns about 27 percent of the estimated 1200 mosques in the United States. In a hearing before the United States Senate, witness testimony shows that NAIT holds the deeds to between 50% and 79% of American mosques.
Former FBI special agent Robert Stauffer headed an investigation in the 1980s of Muslim Brotherhood finances and reportedly discovered that the Islamic Society of North America had received “Millions and millions of dollars” through NAIT which, he says, “served as a financial holding company for Muslim Brotherhood-related groups.” The money, he says, was wired into the United States from Islamic countries, including Iran, Saudi Arabia, Kuwait, Afghanistan, Egypt, Malaysia and Libya.
The ISNA research report also describes examples of how NAIT played a role in the ideological takeover of two U.S. mosques, driving out moderate leaders and replacing them with those close to the U.S. Muslim Brotherhood. One of those mosques was the Bridgeview mosque who imam, Jamal Said, is one of the Allied Asset Advisers trustees listed above. A document released in 2007 by the prosecution in the Holy Land Terrorism financing case names NAIT as one of the entities that is part of the U.S. Muslim Brotherhood.