Report: South African Banks Provide Funding for Hamas

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.”

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Source: https://www.breitbart.com/africa/2024/01/24/report-south-african-banks-provide-funding-for-hamas/