Iranian students are offering rewards totaling a million dollars for the execution of three top Israeli military officers over the deadly strikes on Gaza, and they are encouraging fellow Iranians to donate their kidneys to raise the funds, the student news agency ISNA reported on Monday.

Israeli Defense Minister Ehud Barak, Mossad spy agency director Meir Dagan and military intelligence chief Amos Yadlin are the targets of the bounty. They are blamed for last month's assassination of Hezbollah mastermind Imad Mughniyeh.

The rewards were announced by the Justice Seeking Students Group on Sunday at a ceremony in Tehran entitled "setting the bounty for the revolutionary execution of the designers of state terrorism," ISNA said.

The bounty for Defense Minister Barak is set at $400,000 while those for Dagan and Yadlin are $300,000 each, AFP reports. It is not clear where the funds will come from.

"These sums will be given to any person or their families who could punish these individuals in any part of the world," the organizers of the event announced.

Pictures taken at the ceremony showed a banner bearing pictures of the three Israelis against the backdrop of an Israeli flag, with rifle sights stenciled onto the foreheads of the trio, according to AFP.

"Israel must be wiped off the map," read a quote from Iran's revolutionary leader Ayatollah Ruhollah Khomeini printed atop the banner.

President Mahmoud Ahmadinejad provoked international outrage when he repeated the quote at a conference after taking office in 2005. He has since then repeatedly predicted the imminent disappearance of the Jewish state.