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Home World Middle East

Hezbollah-linked financial firm an economic lifeline for Lebanese

21 October 2024
in Middle East
0
Hezbollah-linked financial firm an economic lifeline for Lebanese
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Al-Qard al-Hassan, a financial firm bombed by Israel due to its Hezbollah ties, provides interest-free credit in exchange for gold deposits to mainly Shiite Muslims in Lebanon facing a financial crisis. The US has sanctioned the association, accusing it of funding Hezbollah’s activities. Despite offering micro-credits and loans to a wide range of clients, Israel’s attacks on the institution are seen as an attempt to weaken Hezbollah’s support base and further harm Lebanon’s already vulnerable population.

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Tags: EconomicFinancialfirmHezbollahlinkedLebaneseLifeline
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