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Homeland Security

Al-Qaeda Finance Committee

Part of Al-Qaeda
Center of GravityPakistan
Area of OperationSudan
GoalTo raise and spend money for al-Qaeda
LeaderShaikh Saiid al-Masri
Former leaderAbu Fadhl al-Makkee
Narrative and Notes
ReliableIt 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
QuestionableDespite 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
1The 9-11 Commission Final Report, July 22, 2004, Chapter 5.4.
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