Economy
Al-Qard Al-Hasan
A financial institution affiliated with Hezbollah providing interest-free loans. It is under US sanctions and accused of funding Hezbollah's activities.
Al-Qard Al-Hasan is an unlicensed financial institution in Lebanon operating as a social financing network affiliated with Hezbollah. It was established to provide interest-free loans to local communities, but the United States has listed it on its sanctions list for years on charges of terrorist financing. In recent years, international pressure on Lebanon has escalated to resolve its status or any alternative institutions, as part of efforts to curb Hezbollah's funding.
Written by AI and not yet reviewed by an editor.