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Report: South African Banks Provide Funding for Hamas

by Erica Carlin

An investigative report published on Wednesday in the Jerusalem Post reveals that major South African banks are allegedly providing funding to the Palestinian Hamas group.

The report also identifies a former Muslim community leader who is said to play a significant role in facilitating 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, formerly the head of the Muslim Judicial Council in South Africa, had significant influence over religious and communal affairs.

He was closely associated with top Hamas officials, as reported by The Post. When approached for comment, Nedbank – the only bank that responded to The Post’s inquiries – neither confirmed nor denied the existence of Hamas accounts.

However, they emphasized their adherence to international sanctions. South Africa’s banking sector is highly regarded for its expertise and integrity amidst widespread corruption, crime, and a continuous brain drain.

The alleged funding of Hamas in South Africa may provide insight into why the country has taken such a strong stance against Israel in international forums like the International Court of Justice (ICJ).

Currently pursuing a case against Israel for “genocide,” South Africa’s position could be influenced by these financial ties.

The ICJ announced that it expects to deliver a preliminary ruling on Friday, just two weeks after hearing arguments from both parties.

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