While the World Muslim League and the Organization of the Islamic Conference were the political means for establishing Saudi hegemony, the Islamic financial system laid the economic basis for the growth of Islamism. Under Saudi guidance, the vast amounts of money pouring into Arab oil-exporting countries in the early 1970s were directed into a network of banks that were under the control of the Islamic right and the Muslim Brotherhood. These banks then funded sympathetic politicians and parties, media companies, and the business ventures of the devout middle class. They also financed Muslim Brotherhood operations in Egypt, Kuwait, Pakistan, Turkey, and Jordan.

XREF: Connects to the broader pattern of Saudi petrodollar influence across political and religious institutions in the post-1973 era.

Deepa Kumar, Islamophobia and the Politi…, loc. 240