ISIS may still be the world’s richest terror organizations, Forbes Israel revealed Tuesday – but Hamas is a close second.
Terror groups require an enormous amount of resource and financial capital to carry out attacks, the financial group noted – but are forced to take their assets through physical conquest, backroom deals, or the black market.
Alongside the criminal activity par excellence, there are also publicdonations or transactions with terror organizations, it noted.
Huge amounts of money are transferred to terror groups by non-profit organizations, charities, businesses and financial institutions – and even some governments.
The transactions not only legitimize terror and provide funds for further attacks, but has become an important issue in light of ISIS’s stranglehold on the Middle East and Hamas’s recent pact with the Palestinian Authority (PA).
Forbes’s list of the top 10 richest terror organizations are as follows:
According to Forbes, ISIS tops the list with a $2 billion annual income and is the world’s richest terrorist organization – and the richest in thehistory of modern terrorism.
Read more at Arutz Sheva.