Deprived of its historic leader, whose legendary name drew in generous contributions from rich families in the Gulf, al Qaeda's money troubles have forced it to scale down its activities, they said.
"When Osama was alive, al Qaeda had more money," said a senior security official from Peshawar.
"Before Osama's death, we received reports showing disputes between Osama and Ayman alZawahiri about money. The money was coming from Osama, and Zawahiri was the operational head," he said.
Zawahiri was Bin Laden's deputy who took over after his Saudi boss, who was believed responsible for the September 11, 2001 attacks on the United States, was shot dead in May by US commandos in Pakistan after a 10-year manhunt.
Zawahiri has neither the stature, the influence nor the networks to collect funds from Gulf donors and the organisation's finances quickly began to dwindle after the death, analysts said.
"He is an Egyptian, and that plays a major part," said Riad Kahwaji of the Institute for Near East and Gulf military analysis (INEGMA).
"He still has to prove himself as a capable leader for the cause. We have a lot of reports that show that he is still being challenged by many of other prominent al Qaeda members," he said.
"In the Gulf, family connections, tribal connections do matter a lot. The death of Bin Laden had a major impact on the finances of al Qaeda," said Kahwaji.
Bin Laden first began touring the Gulf to collect funds back in the 1980s when he was taking part in the jihad against the Soviet occupation of Afghanistan. He was received as a hero during these tours.
A Pakistani Taliban source interviewed by AFP in Karachi said the Gulf donors are still financing anti-American jihad in the region but that the Afghan Taliban were now favoured above al Qaeda.
Another Taliban source in Peshawar said that "Al Qaeda still has money, but they focus now more on Afghanistan.
"Before they were giving money to Tehreek-i-Taliban Pakistan (TTP), but now they're only giving them some small money to survive," he said.
Volunteer fighters returning from Pakistan's tribal belt have told of under-manned al Qaeda cells that are lacking in focus, short of cash and terrified of attacks by US drones.
"They have been seriously depleted, not just by financial problems but also by drone strikes and lack of morale generally and lack of leadership," said Richard Barrett of the al Qaeda-Taliban monitoring team of the United Nations.
"Al Qaeda has been so discredited by its irrelevance to all the changes in the Arab world that it's no longer attractive as a recipient of funds for donors," said Barrett, a former head of counter-terrorism at Britain's MI6 intelligence agency.
Kahwaji added: "People who used to support it now see that you can have an Islamic movement able to send elected members into parliament or government.
"They don't need any more to support a rogue group living thousands of miles away from them to help them change things in their respective countries."
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“He is an Egyptian, and that plays a major part,” said Riad Kahwaji of the Institute for Near East and Gulf military analysis (INEGMA).
Within Arabs, there is a pecking order: GCC, followed by Jordan/Iraq/Yemen/Egypt, followed by Tunisia/Libya and the north african arabs. Of course there are also Pakistanis who think they should figure somewhere in this hierarchy given their arab descent -- I'll leave it to them to figure out where they belong in this pecking order.
We all know that Al-Qaeda is responsible for the killings of thousands around the world. The justice was long overdue, and the US made it a mission to go after this terrorist organization along with its leader OBL. The rest is history, and it is easy to see that the hard work of the US and NATO forces is paying off. Still, it is not uncommon to encounter conspiracy theories and propaganda in regards to our progress in Afghanistan, but one can see that this terrorist organization no longer poses the same threat it once did to the region. The job is not done yet, and despite the setbacks from the recent events in Pakistan, we are hopeful for a strong recovery. The steps are being taken to ensure that the past mistakes are not repeated. Both governments are also working hard to improve communication and coordination. That day is not far when our forces will leave the region free and clear of terrorism.
I am sure Al-Qaeda people have overstayed visas, is anyone going to arrest them and send to them back?
@Falcon,
And what are these more appealing and constructive channels of change you are referring to? Saalman Taseer stood up for justice and was gunned down. His murderer is being treated as a hero.
I would gladly be proven wrong if there was a constructive Islamic movement in Pakistan...the sort that would have condemned Taseer's killers in the strongest possible terms.
AQ is just regrouping. Even extremists need some R&R.
I think the last paragraph is the key. Its not the financial resources or the drone strikes, its just that Al-Qaeda was a destructive ideology which has come to its logical end and is being outflanked by more appealing and constructive channels of change in the Islamic world.