Major South African Banks Are Providing Funding For The Palestinian Hamas Terrorist Group, According

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Report: South African Banks Provide Funding for Hamas

Major South African banks provide funding for the Palestinian Hamas terror group, according to an investigative report in the Jerusalem Post

Major South African banks are providing funding for the Palestinian Hamas terrorist group, according to an investigative report Wednesday in the Jerusalem Post that also names a former Muslim community leader as a key figure in the financing operation.

The Post reports:

Research conducted by The Jerusalem Post staff and several sources uncovered what appears to be a network of several South African organizations and straw man companies deeply involved with funding Hamas activities through the Al-Quds Foundation, an international group sanctioned by the US and outlawed by Israel, using accounts registered in major local South African banks: Standard Bank, Nedbank, and Absa. … Sanctioning by the US and Israel notwithstanding, the foundation continues its operations across the globe, featuring roughly thirteen branches in different countries, sometimes holding different names. In South Africa, a registered organization named “Al-Quds Foundation SA” also exists which openly admits on their new website that they are “a branch of Al-Quds foundation with headquarters in Lebanon.” The organization itself boasts about its fundraising activities, claiming funds would be transferred to the needy in Gaza. The foundation’s website lists Sheikh Ebrahim Gabriels as its director, leading the South African branch since 2019.

Gabriels was once the head of the Muslim Judicial Council, the umbrella body for Muslims in South Africa, with authority over religious matters as well as communal affairs. The Post describes Gabriels as closely connected to leading Hamas officials.

Nedbank, the one bank that replied to the Post‘s queries, would not confirm the identity or existence of the Hamas accounts, while maintaining that it complies with international sanctions. South Africa’s banking sector is viewed as one of the few remaining repositories of expertise and competence in a country plagued by corruption, crime, and an ongoing brain drain.

Hamas’s apparent funding in South Africa could help explain why the country has led the charge against Israel in international fora such as the International Court of Justice, where South Africa is pursuing a case of “genocide” against Israel. The ICJ said Wednesday that it expects to issue a preliminary ruling on Friday, just two short weeks after oral arguments by both sides.