It must be emphasized that Hamas does not operate in a vacuum, nor do its funds appear from thin air. Hamas’s rule is underwritten to a large extent by Qatar, the tiny, oil-rich sheikhdom in the Persian Gulf, among others. Beginning in 2018, Qatar delivered funds in cash to Gaza to the tune of $30 million a month. Per an arrangement reached in May 2021, after a conflict between Israel and Hamas, Qatar began to send fuel (valued at between $7-$10 million per month) to Gaza via Egypt, freeing funds for Hamas from the proceeds of resale.
These were used to pay Hamas government salaries as well as to aid poor Gazans, but it is likely that a significant majority wound up financing terrorist activities. Qatar also pledged $500 million to help rebuild Gaza.
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