Analyst's note:  Absolutely must read.  I highly recommend an internal site search first on the term "bin Talal" and then  "Muslim Brotherhood" for more background on this distressing relationship that is developing to bring down the U.S. from within.

"Neo-Islamists" are a new generation of Muslim leaders distinguished by their seeming receptivity to the forces of modernization and engagement with the West. However, they remain faithful to the central tenets of Shariah law.

[....] Last month, bin Talal announced the launch of a pro-Islamist 24-hour news network with Bloomberg's privately held news service.

The deal has Bloomberg News providing five hours of financial and economic news programming throughout the day on the new "Alarab" channel, which the prince says will be "right of Al-Jazeera" – that is, more fundamentalist.

A team of Bloomberg media specialists and producers will be provided to the Alarab channel, and will assist in the production of the channel's economic and business coverage, according to a press release.

Sources tell WND that Bin Talal and Bloomberg finalized the deal this May during a private meeting in the mayor's New York City office.

[....] In December 2008, IIIT hosted Ground Zero mosque imam Feisal Rauf to discuss his Shariah Index Project, which was to be housed in the planned 15-story structure. The index will formally rate which governments best follow Islamic law. Sulayman succeeded Rauf's late father, Muhammad, as rector of the International Islamic University in Malaysia. Rauf has kept an office in Malaysia, and he's held Shariah project meetings there.

More troubling to observers is bin Talal's obsession with mainstreaming Shariah finance in the West – and Bloomberg's apparent receptiveness to the idea.

Islamic banking rejects the cornerstone of Western finance: credit and interest rates. It also requires a share of profits go to Islamic charities, which often funnel money to terrorism.

Through a $20 million endowment, bin Talal has set up a Shariah law and finance section at Harvard University.

Bloomberg LP recently opened a regional hub in Dubai, where it has developed an "Islamic finance portal."

"Since the meltdown of the Western capitalist system, there has been an increasingly large focus on the virtues of Islamic finance," Bloomberg's Mideast chief Max Linnington told "The National" newspaper of Dubai. "Today, there is no one single provider of information that caters to the Islamic finance market. So by Bloomberg being here, we are in the process of building out an Islamic finance product."

Khashoggi told Al-Majalla.com that he wants to model the 24-hour Arab channel on Fox News, which his boss has a stake in. Bin Talal has sunk more than $600 million in Fox parent News Corp. With a 7 percent stake, he's now the biggest shareholder outside the Rupert Murdoch family.

Murdoch and Alwaleed together operate a media venture called Rotana. Zawya Dow Jones New Service, which covers Mideast markets, grew out of the deal.

Khashoggi denied Murdoch is a partner in the Alarab venture. But Zawya Dow Jones itself reported last year that Alwaleed would launch "the news channel in partnership with the Fox Network."

Last decade, Murdoch attended an awards dinner honoring the prince in New York. It was thrown by the Arab Bankers Association of North America, a group that supports Shariah finance in America. Murdoch sat next to bin Talal at the head table.

The media mogul took the podium to praise the Saudi billionaire for his investment in News Corp.

[....] The prince's website says he "intends to leverage its relationship with News Corp.'s management to identify new investment opportunities." He counts Fox's parent as a "core holding."

Bin Talal, who has been interviewed by Fox in flattering features, has boasted of his influence over Fox news content. For instance, he recounted how when he saw Fox describing Muslim riots in France as "Muslim riots," he phoned Murdoch directly and had the wording changed within a half hour in order to delink Islam from the violence.

A Fox producer, moreover, suggested the Saudi shareholder also had a hand in unbooking authors of the bestselling "Muslim Mafia: Inside the Secret Underworld That's Conspiring to Islamize America," which exposes the Council on American-Islamic Relations and other Muslim Brotherhood front groups in America. Bin Talal has donated millions of dollars to CAIR, which was recently implicated in a terror plot to funnel money to Hamas suicide bombers and has since been banned by the FBI from outreach functions.

Despite proven terror ties, top CAIR officials are regular invited guests on the O'Reilly Factor and other Fox News shows [....]