Al Qard Al Hassan

Al-Qard al-Hassan’s Gold: Hezbollah’s New Financial Scheme

Natasha Metni Torbey, 14:00 - Reading : 3 minute(s)

Hezbollah Israel Lebanon Al Qard Al Hassan Hezbollah financing

After introducing ATMs, easy-access loans, and clandestine counters scattered throughout the alleys of Beirut’s southern suburbs, al-Qard al-Hassan (AQAH), Hezbollah’s financial arm, has taken its operations a step further: direct gold trading. Gold bars, coins, and jewelry are reportedly now being offered to the Shiite community, turning gold ...

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

Maurice Matta, 2024-10-16 08:30 - Reading : 8 minute(s)

Lebanon Economy Al Qard Al Hassan Hezbollah

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 ...

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