Al-Qard Al-Hassan: Is Hezbollah's 'Bank' in Jeopardy? (2/2)

Maurice Matta, 16/10 08:30 - Reading : 8 minute(s)

Economy Al Qard Al Hassan Hezbollah Lebanon

Many legal experts agree on the idea that "the Al-Qard Al-Hasan Association is a loophole in Lebanese law." The change in terminology does not alter the legal nature, which means that it is, in essence, a bank under legal reality and cannot be considered a non-profit charity organization, as it identifies itself. Specific circulars about Al-Qard ...