Finance and Security in Brief: How is Hamas Financed?

Hamas has had longstanding state support, particularly from Iran, but also from Syria and Iraq. Since 2007, Hamas has controlled Gaza and been able to get revenues by taxing its population. Yet as the track record of Hamas’ financial dealings indicates, cryptocurrency is not the best source of terrorist financing, as it can be traced on the blockchain.

Tom Keatinge, Director of CFCS at RUSI, describes the state support Hamas receives, the limited role of cryptocurrency in terrorist financing and why the continuing flow of humanitarian aid to Gaza is essential not just for the Palestinian civilian population but also to counter Hamas.

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Episode 3: Hamas Financing
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Centre for Finance and Security

Specialising in the intersection of finance and global security, our analysis and actionable ideas aim to challenge the status quo and build resilience in the global response to illicit finance.


Tom Keatinge

Director, CFS

Centre for Finance and Security

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Kinga Redlowska

Head of CFS Europe

Centre for Finance and Security

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