Itqan Real Estate JSC

Sanctioned entity

United Arab Emirates. Named in 7 sanctions listings.

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Summary

Designated by (Hebrew): שר הביטחון- בנימין גנץ

(also ITQAN REAL ESTATE JSC)

(also ETQAAN REAL ESTATE CO., ITQAN REAL ESTATE CO., ITQAN COMPANY, ITQAN REAL ESTATE)

Foreign designating authority (English): U.S. DEPARTMENT OF THE TREASURY

Foreign designating authority (Hebrew): משרד האוצר האמרקאי

Designation justification (Hebrew): 1. חברה מאיחוד האמירויות הערביות, משמשת אף היא להסתרת נכסים של חמאס. 2. הן חברת Itqan והן חברת Sidar פועלת כעסקים לגיטימיים לכאורה, אשר בפועל נשלטים ע"י החמאס ומעבירים ספים לארגון. 3. חלק ניכר מהכספים הללו הגיעו לזרוע הצבאית של חמאס – גדודי עז א-דין אלקסאם. 4. בשנת 2019, מנהלי תיק ההשקעות של חמאס שקלו למכור את אחד הנכסים הרווחיים ביותר של Itqan, המוערך בכ-150 מיליון דולר.

Foreign designation date as published: 2022-05-24

Location of formation (Hebrew): מאע"מ

Sanctions and listings7

Listed
24 May 2022
Counter Terrorism - SDGT
Office of Foreign Assets ControlUS OFAC Specially Designated Nationals (SDN) ListUnited States
Block and SDGT
Secondary sanctions risk: section 1(b) of Executive Order 13224, as amended by Executive Order 13886
Executive Order 13224 (Terrorism)
Programme US-TERRReference 37488treasury.gov ofac.treasury.gov
Effective
17 Aug 2022
הכרזה על ארגון טרור לפי חוק המאבק בטרור - התשע''ו-2016
Minister of Defense - Mr.Benjamin Gantz; National Bureau for Counter Terror FinancingIsrael Terrorists Organizations and Unauthorized Associations lists
1. A company from the United Arab Emirates, also used to conceal HAMAS assets. 2. Both Itqan and Sidar operate as allegedly legitimate businesses, which are actually controlled by HAMAS and transfer funds to the organization. 3. A substantial portion of these funds went to the military arm of HAMAS - Izz-Al-Din Al-Qassam Brigades. 4. In 2019, the managers of the HAMAS investment portfolios considered selling one of the most profitable assets of Itqan, estimated at about USD 150 million.
nbctf.mod.gov.il
Listed
31 Oct 2024
Effective
24 May 2022
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
31 Oct 2024
Effective
24 May 2022
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
29 Nov 2022
Effective
24 May 2022
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
31 Oct 2024
Effective
24 May 2022
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov
Listed
31 Oct 2024
Effective
24 May 2022
Reciprocal
OFACUS SAM Procurement ExclusionsUnited StatesActive
Prohibition/Restriction
Redacted for Security Reasons
sam.gov

Connections2

Owned by1

HamasSanctionedTerrorismDebarredExport controlled
Share not stated
Owned or Controlled ByUnited StatesPalestine

Other names13

Also known as13

Etqaan Real Estate Co.شركة اتقان العقاريةItqan Real EstateITQAN REAL ESTATE COشركة الإتقان للعقاراتItqan CompanyItqan Real Estate Co.ITQAN REAL ESTATE CO.ITQAN COMPANYITQAN REAL ESTATEאתקאן נכסים‫إتقان العقارية ش.م.خ.‬ETQAAN REAL ESTATE CO.

Addresses5

Zakher Tower, Al Taawun Street, 2nd Floor, Al Mamzar Area, 63629 Sharjah United Arab Emirates
Zakher Tower, Al Taawun Street, 2nd Floor, Al Mamzar Area, 63629, Sharjah
Al Taawun Street
P.O. Box 63629, Taawon (Al) Street, 2nd Floor, Zakher Tower Sharjah United Arab Emirates
P.O. Box 63629, Taawon (Al) Street, 2nd Floor, Zakher Tower, Sharjah

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