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Israel Says It Killed Key Hamas, Islamic Jihad Financiers in Strike on Funding Network

Dubai- The Israeli military said on Sunday it had killed two operatives linked to Hamas and Palestinian Islamic Jihad who allegedly played central roles in a major financing network that transferred hundreds of millions of shekels to militant groups operating in Gaza.

In a statement posted on social media platform X, the military said Hussein Qadra and Mohammed Farra, members of the military wings of Hamas and Islamic Jihad respectively, were “eliminated” in an operation. The military did not provide details on the timing or location of the strike.

According to the Israeli military, Qadra and Farra jointly managed a financial network that operated under Hamas leadership and facilitated the transfer of more than 500 million shekels to the Palestinian militant group.

The military alleged that the network played a significant role in sustaining Hamas operations by channeling funds used to support the organization’s military activities. It did not provide additional evidence to support the claim.

No immediate comment was available from Hamas or Islamic Jihad regarding the Israeli statement.

The announcement comes as fighting and military operations continue across Gaza despite ongoing international efforts to secure a lasting end to the conflict. Israeli authorities have repeatedly identified financial networks as a key component of Hamas’s operational infrastructure and have intensified efforts to disrupt funding channels during the war.

Israel has previously targeted individuals it says are involved in financing militant organizations, arguing that financial operatives play a critical role in sustaining armed groups’ capabilities alongside commanders and combat personnel.

The Israeli military did not disclose whether additional individuals were targeted in the operation or provide further details about the structure and scope of the alleged funding network.