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The unorthodox alliance: Tehran’s relation with the Muslim Brotherhood

Months before outbreak of World War II, a 38-year-old Iranian cleric named Ruhollah Khomeini visited Cairo to meet with Imam Hasan al-Banna, founder of the Egyptian Muslim Brotherhood. Despite their ideological differences, they seemed to have gotten along well since both were fiercely opposed to European colonialism and shared a common objective of creating an Islamic state. They strongly differed, however, on who ought to have succeeded the Prophet Mohammad after his death in 632. Banna insisting that Abu Bakr al-Saddiq was the rightful successor to Mohammad while Khomeini claimed that the caliphate out to have gone to the prophet’s son-in-law and nephew, Ali Ibn Abi Talib. That seemed trivial, however, when compared to what they really had in common: hatred of the West, the need to apply Islamic Sharia and to scrap constitutions throughout the Muslim world, replacing them with Holy Qurans.
During the inter-war years, the Sunni-Shiite divide had been successfully suppressed (albeit briefly and often superficially) as scholars from both religious communities teamed up to unite Islamic voices and manpower across the region. That collaboration survived well into the 1950s, as they found a new common enemy, being President Gamal Abdul Nasser. The works of the Brotherhood’s chief idealogue Sayyid Qutob inspired Iranian Islamists and opened their eyes on how to establish an Islamic state (he was subsequently convicted of plotting for Nasser’s assassination and executed in 1966). In fact, his works were eventually translated from Arabic into Persian by none other than Ali Khamenei, the current Supreme Leader of Iran, then a young scholar studying in Najaf.
After 1979
When Khomeini and Khamenai toppled Shah Reza Pahlavi in February 1979, the Egyptian Brotherhood were among the first to recognize the Islamic Revolution, showering it with praise. They cheered Khomeini’s decision to suspend relations with Israel and hand its embassy premises in Tehran to the Palestinian Liberation Organization (PLO). They now found a new common enemy in Nasser’s successor Anwar al-Sadat, who had mended relations with the Shah and given him asylum in Cairo, months before signing the famous Camp David Accords with Israel. When he was assassinated by Egyptian Islamist Khaled Islambuli in October 1981, Khomeini described the assassin as a “martyr of Islam” and a street was named in his honor in Tehran (in 2004, the street was renamed Intifada Street). The Egyptian Brotherhood was 51-years older than the Islamic Revolution in Iran. There was plenty that the mullahs of Tehran could learn from the MB, like how to present themselves to the West for example and how to infiltrate high society, making political Islam popular to the urban rich decades of thriving in the countryside and among the urban poor.
Relations under Morsi (2012-2013)
Fast forward to 30 June 2012, when Muslim Brotherhood leader Mohammad Morsi was elected president of Egypt, after the popular revolution that toppled President Hosni Mubarak. Tehran described the Brotherhood’s ascent as an “Islamic Awakening,” reaching out to Morsi to normalize relations that had been suspended since 1980. In August 2012, Morsi landed in Tehran and then-Iranian President Mahmud Ahmadinejad reciprocated by attending a summit of the Organization of Islamic Cooperation in Cairo in February 2013. The Morsi government pleased Islamists worldwide but it was too good to last. By July 2013 Morsi had been toppled, arrested, and humiliated, replaced by current President Abdel Fattah al-Sisi.
Iranian media trashed the Egyptian coup of 2013, echoing a line taken by Turkish state media at the orders of the Brotherhood supporter and former member, Recep Tayyip Erdogan. During Morsi’s trial, he was accused, among other things, of collaborating with the Iranian Revolutionary Guard Corp (IRGC) to stage terrorist attacks in Egypt during the years 2005-2012. The IRGC was also accused of helping storm Egyptian prisons to free members of the Brotherhood during the January 2011 Revolution. According to a media report by the Saudi-channel, al-Arabiya, top Iranian general Qassem Soleimani had traveled to Egypt in 2013, disguised as an Iranian tourist, where he met with Khairat al-Shater, deputy supreme leader of the MB. The report claimed that they had discussed how to establish an Egyptian Islamic Revolutionary Guard Corps, to be chaired by President Morsi. When former US President Donald Trump toyed with the idea of designating the Muslim Brotherhood as a terrorist organization back in 2019, Iran was the only country—along with Turkey—to stand up for the Brotherhood.
Bilateral relations today
Despite their differences, the two sides remain on very good terms in 2021. They still have their differences, no doubt, mainly over Iranian military presence in Syria, but again, just like back in 1938, what unites them is far greater than what doesn’t. Both have an axe to grind with Saudi Arabia, although that might soon be settled by Tehran, as bilateral talks progress over normalization. Both are vehemently opposed to the recent normalization deals between Arab states and Israel and both remain committed to the Palestinian Islamic group Hamas, which is an offshoot of the Egyptian Brotherhood.
The latest war in Gaza was a blessing-in-disguise for many regional actors, namely Iran, Hamas—and the Brotherhood. Members of the Egyptian MB had been worried by an increasingly hostile neighborhood, especially after the recent thaw in Egyptian-Turkish relations. Their activities in Ankara might get restricted and they still have Qatar to lean on, but they were looking for a wider Arab embrace, now made increasingly difficult by their outlawing in Jordan, a country that until last year, had officially tolerated their activities. Hamas’ performance during the latest Gaza conflict—where it fired rockets deep into Israel—will undoubtedly popularize political Islam throughout the Muslim World, restoring the relevance of Hamas and the MB, making them appealing to a new generation of Arab youth. The more powerful they become, the more it pleases Iran, being the one country that continues to support Islamic groups—whether Sunni or Shiite—in its proxy war against Israel.
by: Sami Moubayed
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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