What is Hezbollah's Qard al-Hassan financial institution?

  • Posted on October 21, 2024
  • By Business News Today
  • 2 Views
What is Hezbollah's Qard al-Hassan financial institution?

Israeli airstrikes targeted Al-Qard Al-Hassan, a Hezbollah-linked financial institution, further escalating the conflict. Al-Qard Al-Hassan provides interest-free loans and has many clients. The U.S. Treasury has accused it of illicit financial activities. Hezbollah's late leader had defended the institution, urging supporters to deposit funds with it following a hack.
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