The facade of a al-Qard al-Hassan branch on Oct. 21, 2024, in the southern suburbs of Beirut, the day after it was targeted in an Israeli strike. (Credit: Mohammad Yassine/L'Orient Today)
The news sent shockwaves among Hezbollah’s popular base, particularly those who lost everything in the war with Israel following the Oct. 7, 2023 attack.Last week, the al-Qard al-Hassan Association, Hezbollah’s financial arm, whose branches were repeatedly targeted by the Israeli air force during the war, said in a press release that the payment of promised compensation will be delayed until Feb. 10, citing “internal technical and procedural issues.”While the association was keen to say that other activities — including the provision of loans, withdrawals, deposits and savings transactions — were continuing uninterrupted, sources close to Hezbollah confirmed that behind closed doors, the institution is indeed facing a deep crisis linked to the party’s own financial difficulties and the intense foreign pressure on its activities.Since the...
The news sent shockwaves among Hezbollah’s popular base, particularly those who lost everything in the war with Israel following the Oct. 7, 2023 attack.Last week, the al-Qard al-Hassan Association, Hezbollah’s financial arm, whose branches were repeatedly targeted by the Israeli air force during the war, said in a press release that the payment of promised compensation will be delayed until Feb. 10, citing “internal technical and procedural issues.”While the association was keen to say that other activities — including the provision of loans, withdrawals, deposits and savings transactions — were continuing uninterrupted, sources close to Hezbollah confirmed that behind closed doors, the institution is indeed facing a deep crisis linked to the party’s own financial difficulties and the intense foreign pressure on its...
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