Al-Qaeda Finance Committee
Part of Al-Qaeda
| Details | |||
|---|---|---|---|
| Center of Gravity | Pakistan | ||
| Area of Operation | Sudan | ||
| Goal | To raise and spend money for al-Qaeda | ||
| Leader | Shaikh Saiid al-Masri | ||
| Former leader | Abu Fadhl al-Makkee | ||
| Formed | 1989 | ||
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| Narrative and Notes | |||
| Reliable | It is unclear if al-Qaeda's committee structure holds any relevance any longer, given the dispersion of group members and restrictions on travel since 2001. Before 2001, al-Qaeda operated with an annual budget of about $30 million, supplied largely through Persian Gulf charities. Some money was intended for al-Qaeda and some was diverted from other sources. After the 1998 embassy bombings in Africa, al-Qaeda took much of its funds off the books, relying instead on the trust-based hawala banking system in use in parts of the Muslim world, particularly in Dubai and Pakistan.1 | |
 | Questionable | Despite claims to the contrary, the 9-11 commission found no evidence that al-Qaeda funded itself through narcotics, conflict diamonds or stock market manipulation timed to attacks.1 | |
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| Sources | |||
| 1The 9-11 Commission Final Report, July 22, 2004, Chapter 5.4. | |||
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| Page maintained by John Lumpkin | |||
| Click here for a disclaimer and detailed explanation of the confidence ratings. | |||
