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Fozzledick

(3,860 posts)
Wed Nov 12, 2014, 06:23 PM Nov 2014

Hamas among richest terror groups worldwide – second only to ISIS

Forbes Israel ranks 10 wealthiest terror organizations; Palestinian group comes ahead of Hezbollah, Al-Qaida and Taliban.

Hamas is one of the two richest terrorist organizations in the world, second only to the Islamic State group, according to Forbes Israel.

To finance their operations, terrorist groups sometime use methods similar to those used by criminal organizations, such as drug trafficking, robberies and extortion, but also raise money through charities, donations and, in some cases, government agencies, according to the report. A terrorist organization, like any other large organization, has a business model to finance its activities: from maintenance, salaries and trainings, to acquiring of weapons and vehicles.

The richest terrorist organization today – and in history – is the Islamic State. According to Forbes, the Islamist group, also known by the acronyms ISIS or ISIL, has an annual turnover of $2 billion. Hamas comes in second, with a yearly revenue of $1 billion.
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The report describes Hamas' takeover of Gaza in 2007 as the point from which it entered "the big league." Today, Hamas is now no longer only dependent on donations, but is able to collect taxes from both civilians and businesses. But that's not all. The report says Hamas also takes a cut out of all international aid donated to Gaza by Arab and other foreign countries.

http://www.haaretz.com/news/middle-east/1.625939
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