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The armed group is electing a new head after its top leaders were killed by Israel.
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Voting is taking place across Gaza, the occupied West Bank and among Hamas's members elsewhere.
The outcome may signal which direction the movement intends to take - particularly as the US and other mediators discuss post-war governance of Gaza, reconstruction efforts and the future status of armed groups there.
The elections come after most of Hamas's senior leadership were killed in Israeli strikes following the group's 7 October 2023 attacks on Israel, in which about 1,200 people were killed and 251 others taken hostage.
People in Gaza have already cast their votes in secret, according to the source, but it is unclear whether the process has concluded elsewhere. When announced, the new leader will hold office for a year.
Hamas governs the Gaza Strip and in recent years has had growing support in the West Bank, though its activities there are heavily constrained by the Israeli military and Palestinian Authority security forces.
A US-backed ceasefire in Gaza came into effect in October, and negotiations continue over the deal's later phases.
Under the proposed terms of the US plan, Hamas would have no role in the future governance of the territory. Governance would eventually be handed over to the Palestinian Authority, which administers parts of the West Bank, once it has undergone reforms.
Yahya Sinwar, the overall head of Hamas, was killed by Israeli forces in Gaza in October 2024, and its political leader, Ismail Haniyeh, was killed in an Israeli attack in Iran in July that year. Hamas's military chief Mohammed Deif was also killed that July, in an Israeli air strike on Gaza.
The position of overall head of Hamas has remained vacant since the deaths of Haniyeh and Sinwar, with the movement being led by an interim committee headed by Qatar-based Mohammad Darwish after the latter was killed.
Under the movement's rules, the head of
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