Amid crisis, Hezbollah ‘bank’ a lifeline for some Lebanese - News Summed Up

Amid crisis, Hezbollah ‘bank’ a lifeline for some Lebanese


He could still pull out the dollars in his account at the al-Qard al-Hasan Association, the financial arm of the militant Hezbollah group. Stepping in where the state and financial institutions have failed, Hezbollah is providing a vital lifeline for some Lebanese. Over the past year, the al-Qard al-Hasan association has seen a significant increase in clients, despite it being under US Treasury sanctions since 2007. That has proven a boon for the al-Qard al-Hasan association, as some turned to it as an alternative to store their cash. He joked that he was growing his beard like conservative Muslims to get a loan from al-Qard al-Hasan.


Source: Egypt Independent January 27, 2021 08:14 UTC



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