The Protocols of the Elders of Zion shall apply rightly as key-text of modern Anti-Semitism. Based on the history of its in the 1920th beginning adoption in Egypt the article shows on examples – among others the writings of the Islamist Sayyid Qutb and the TV-Series Knight without a Horse – what the spatial characteristics of Arab Anti-Semitism are. As a plea against an Import-Theory, which just understands this kind of Anti-Semitism as alien superstructure, it is demonstrated on the sources, how the conspiracy-based Anti-Semitism of the Protocols of the Elders of Zion was and is linked to the social-cultural contexts of Egyptian society. A closer look is taken on the theoretical efforts by which Sayyid Qutb invented an ‘eternal enmity’ between Jews and Muslims. A hostility that has to be considered as real in the present.