Why Israel is attacking Hezbollah-linked Islamic finance institution Al-Qard al-Hassan
The Israeli military on Sunday targeted several branches of Islamic finance institution Al-Qard al-Hassan, which it accuses of funding Hezbollah’s activities in Lebanon. For 40 years, this organisation has specialised in microcredit, a sector that has grown significantly since the collapse of Lebanon’s financial system in 2019.
The buildings were laid low across Lebanon, from the southern suburbs of Beirut to the coastal city of Tyre and the eastern Beqaa plain. The Israeli military on Sunday targeted nearly 30 targets and tens of millions of dollars in cash and gold belonging to the financial institution Al-Qard al-Hassan – Arabic for “benevolent lending”.
