The 2005 financial report says that the principal activity of the company "was that of to establish a portfolio of assets (awqaf) businesses and investments to generate resources to fund social and economic projects for communities in Europe.
Several associations and groups have moved in there that are being monitored by the Federal and State Office for the Protection of the Constitution (Verfassungsschutz), i.e. German domestic intelligence services.
The Wall Street Journal reported in 2005 that the European Trust was created in 1996 as the de facto fundraising arm of the Federation of Islamic Organizations in Europe in order to break the dependency of FIOE on Gulf donors.
[4] The Times reported that the Europe Trust, which has property assets worth more than £8.5 million, sends rental income from its properties to an unofficial network of Brotherhood-linked organizations throughout the continent including the Muslim Association of Britain (MAB), identified by a government minister in 2010 as “the Brotherhood’s representative in the UK”.
[5] The Times of London reported a number of ties from the Europe Trust and/or its Trustees to various forms of terrorism: