This is Beirut, 16:50 - Reading : 2 minute(s)
Hezbollah Lebanon Iran Al Qard al Hassan
Hezbollah’s newly established company, Joud, linked to its financial arm Al Qard al Hassan, has reportedly obtained official Lebanese licensing despite several of its leaders being under U.S. sanctions, according to an investigation by Saudi channel al-Hadath. As part of a strategy aimed at circumventing both Lebanese laws and international ...
Natasha Metni Torbey, 10/12 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 ...
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 ...