IDF and Shin Bet Eliminate Hamas Financial Head in Gaza
The Israel Defense Forces (IDF) and the Shin Bet security agency announced on September 24, 2026, that they had eliminated Muhammad Abu Alwan, the head of Hamas's financial department, in an operation near Khan Younis in the southern Gaza Strip. Abu Alwan had been active in Hamas's financial wing for approximately ten years, overseeing the allocation of the organization's budget to its operational units. Under his leadership, over one billion shekels were transferred to fund Hamas's activities, and he was instrumental in maintaining the group's command structure and survival.
According to the joint statement from the IDF and Shin Bet, Abu Alwan was recently engaged in efforts to restore Hamas's capabilities, in violation of the ceasefire agreement. His elimination was carried out to neutralize the threat he posed. The IDF and Shin Bet stated their ongoing commitment to dismantling Hamas's financial infrastructure and preventing its military resurgence.
Security forces are continuing operations targeting not only terrorists but also a network of money changers and facilitators responsible for transferring hundreds of millions of dollars. The operation aims to disrupt the flow of funds to the organization. Prime Minister Netanyahu and Minister Katz confirmed Abu Alwan's death.
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