Sabih al-Masri
Arab Bank chairman Sabih Al-Masri gave evidence at the trial in New York Reuters

Arab Bank knowingly supported Hamas as the Palestinian militant group conducted a wave of terrorism in Israel, including suicide bombings and bus explosions.

On 22 September, 2014, a New York jury found the Jordanian bank liable for aiding 24 attacks in Israel and occupied territories between 2001 and 2004.

Jurors took two days to find the bank liable for transferring cash to terrorists and handling benefits of $5,300 (£3,230) for families of suicide bombers from a Saudi charity group.

The landmark decision came after 300 victims of the terror attacks sued Arab Bank 10 years ago under the US Anti-Terrorism Act, reported the New York Post, for knowingly processing cash transactions with Hamas, which is deemed a terrorist organisation by Israel, the US, European Union, Canada, and Japan.

Arab Bank chairman Sabih al-Masri had earlier claimed the bank "never did anything wrong, intentionally or knowingly" and was "clean". He also said during his testimony that Palestinians and Israelis needed to learn to live in peace.

Defence lawyers had claimed Arab Bank complied with regulations and did not do business with anyone named as an official terrorist.

But the finance giant, which has appealed the court's ruling, now faces a legal bill of millions of dollars as a seperate trial to determine compensation prepares to get underway.

Speaking outside the Brooklyn court, attorney Shand Stephens was dismissive of the verdict: "The evidence is a mile wide and an inch deep. The second circuit is going to overturn this," he said.

Israeli rescue teams evacuate a body from the scene of a Hamas suicide bombing Getty

2000 Palestinian uprising

The second Palestinian uprising was sparked in September 2000 after years of negotiations failed to deliver a Palestinian state.

Anger intensified after the collapse of the Camp David summit in July 2000. Violence erupted after Ariel Sharon, then the leader of Israel's opposition, paid a visit to the site in East Jerusalem known to Muslims as Haram al-Sharif, and to Jews as Temple Mount.

Almost five years of terrorism saw suicide attacks, rocket launches and human shields. Early on in the conflict, Israel assassinated People's Liberation Front for Palestine leader Abu Ali Mustafa while the PFLP retailated by assassinating Israel's tourism minister Rehavam Zeevi.