Mortgage on a tent and tax on garages: How Hamas got its hands on cash
According to intelligence reaching the Israeli security establishment, Hamas has developed creative ways to raise cash: taking over garages, collecting taxes from restaurants and aid trucks, and leasing land for family tents for a monthly payment of 200 shekels. Iran and Turkey are the main sources of funding.
According to intelligence reaching the Israeli security establishment, Hamas has developed several creative funding streams to obtain cash in the Gaza Strip. The organization has taken over garages and levies a tax on vehicle repairs and spare parts, as well as collecting taxes from restaurant operators. A popular restaurant owner in Gaza is required to pay about 44,000 shekels per month in tax to Hamas. Additionally, Hamas leases land to families living in tent camps and charges them a monthly payment of 200 shekels under 'mortgage loans'. Hamas's main sources of funding are Iran and Turkey, which transfer money in digital currency through money changers. The Shin Bet and the IDF are working to eliminate those money changers and Hamas economic operatives.
Mortgage on a tent and tax on garages: How Hamas got its hands on cash