update deskIsrael at War

Hamas banks up to $12 million a month through online donations

The funding comes mostly from groups posing as charities for Gaza civilians.

The IDF found more than $1 million in the home of a senior Hamas terrorist in Judea and Samaria in December. Credit: Israeli Defense Ministry.
The IDF found more than $1 million in the home of a senior Hamas terrorist in Judea and Samaria in December. Credit: Israeli Defense Ministry.

Hamas has been receiving $8 million to $12 million a month through online donations since its murderous assault on Israel on Oct. 7, Bloomberg reported on Wednesday.

The funding, mostly from organizations posing as charities to assist Gaza civilians, represents a “multi-fold increase” over what the terrorist group was getting before the massacre, officials at the National Bureau for Counter Terror Financing of Israel told the news agency.

Washington is aware of the online donations and is assisting Jerusalem in halting what Hamas political bureau chief Ismail Haniyeh called in a speech earlier this month “financial jihad,” a senior U.S. official said.

Since Oct. 7, the U.S. Department of the Treasury’s Office of Foreign Assets Control has imposed four rounds of financial sanctions on Hamas.

Israel and the United States are part of a 16-member task force established since the start of the war to counter fundraising by the Gaza-based terrorist group, which includes Canada, Germany, the Netherlands and the United Kingdom.

“There is no question that there is a sharp increase in legitimate and illegitimate charitable giving to Palestinians in wake of the Gaza hostilities,” Matthew Levitt, a fellow at the Washington Institute for Near East Policy, told Bloomberg.

“An uptick in the interest to donate gives increased cover for Hamas. I’ve seen charities that were previously designated [for sanctions] by the US popping up, some under new names, but there are also lots of new ones,” the analyst continued.

Additionally, Hamas has been receiving around $30 million a month from its patron, Qatar, with Israeli approval, along with funds from the Palestinian Authority and local tax revenues. According to Israeli intelligence, Iran gives more than $100 million for Hamas’s “military.” Other income streams come from foreign investments and donations.

You have read 3 articles this month.
Register to receive full access to JNS.

Just before you scroll on...

Israel is at war. JNS is combating the stream of misinformation on Israel with real, honest and factual reporting. In order to deliver this in-depth, unbiased coverage of Israel and the Jewish world, we rely on readers like you. The support you provide allows our journalists to deliver the truth, free from bias and hidden agendas. Can we count on your support? Every contribution, big or small, helps JNS.org remain a trusted source of news you can rely on.

Become a part of our mission by donating today
Thank you. You are a loyal JNS Reader.
You have read more than 10 articles this month.
Please register for full access to continue reading and post comments.
Never miss a thing
Get the best stories faster with JNS breaking news updates