Bait ul-Mal ("house of wealth") was a New Jersey investment firm founded by Soliman Biheiri and Hussein Ibrahim in 1985. In 2003 testimony before the US Congress, Richard A. Clarke stated that "BMI's investor list reads like a who's who of designated terrorists and Islamic extremists." According to Biheiri, BMI's largest investors were Yasin al-Qadi, Sanabel al-Kheer, Kuwait Finance House, and the brothers Abdullah bin Laden, Nur bin Laden, and Eman bin Laden. Relationship with Ptech and Yasin al-Qadi Biheiri has said that Osama Ziade, founder of the software company Ptech, contacted him in 1992 to seek an investment of $3-$3.5 million to start his company, and that within days of this request Biheiri received an unsolicited telephone call from Yasin al-Qadi seeking investment opportunities with BMI. Al-Qadi would use BMI as an intermediary to fund PTech by way of a Kadi International account established at the Bank of New York by Gamal Ahmed and Hussein Ibrahim. Biheiri and Ibrahim became members of PTech's board of directors, and BMI was paid for its services in PTech stock which lost its value in the company's bankruptcy.<ref name="kane90"/> BMI would later manage real estate investments for al-Qadi. <ref name="kane90"/>
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