Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Russian Ministry of Defense: 37 Ukrainian drones destroyed in 4 hours over regions of Russia and the Black Sea.
Sheikh Qassem: Our supporters make up more than half of Lebanon's population, and all of these people are united under the banner of protecting Lebanon, its Resistance, its people, and its integrity.
Sheikh Qassem: There will be no phased handing in of our arms. [The Israelis] must first enact the agreement before we start talking about a defensive strategy.
Sheikh Qassem: Be brave in the face of foreign pressures, and we will be by your side in this stance.
Sheikh Qassem: Stripping us of our arms is like stripping us of our very soul, and this will prompt us to show them our might.
Sheikh Qassem: We will not abandon our arms, for they gave us dignity; we will not abandon our arms, for they protect us against our enemy.
Sheikh Qassem: The US efforts we are seeing are aimed at sabotaging Lebanon and constitute a call for sedition.
Sheikh Qassem: If you truly want to establish sovereignty and work for Lebanon’s interests, then stop the aggression.
Sheikh Qassem: The United States, which is meddling in Lebanon, is not trustworthy but rather poses a danger to it.
Sheikh Qassem: The United States is preventing the weapons that protect the homeland.

Hezbollah not affected after al-Qard al-Hassan strikes: Israeli media

  • By Al Mayadeen English
  • Source: Israeli media
  • 21 Oct 2024 16:42
  • 1 Shares
4 Min Read

An Arab affairs analyst for the Israeli channel KAN says Hezbollah is not on the path to collapse, citing the Lebanese Resistance group's daily operations.

Listen
  • x
  • Israeli media
    A man inspects the damage at the site of an overnight Israeli airstrike that targetted a branch of the al-Qard al-Hassan finance group in Beirut’s Southern Suburb on October 21, 2024 (AFP)

Despite the deliberate targeting of several branches of the al-Qard al-Hassan institution by Israeli occupation forces in various areas across Lebanon, Israeli media suggested Monday that these strikes "have not financially affected Hezbollah."

Elior Levy, an Arab affairs analyst for the Israeli channel KAN, pointed out that "Israel's" assaults on the al-Qard al-Hassan branches yesterday are part of the ongoing economic warfare, adding that Hezbollah has not financially collapsed and is capable of overcoming any challenge.

Levy emphasized that Hezbollah is not on the path to collapse, citing the Lebanese Resistance group's daily operations targeting Israeli military sites in occupied territories.

"No one can eliminate Hezbollah in Lebanon, just as Israel has not been able to eliminate Hamas in Gaza over the course of a year," he stressed.

Analysts suggested that the Israeli occupation's targeting of Hezbollah-affiliated financial and social institutions, particularly the al-Qard al-Hassan, is in response to the significant economic losses inflicted on "Israel" by the Lebanese group over the past year.

On Sunday night, the Israeli occupation launched at least a dozen airstrikes across different regions in #Lebanon targeting al-Qard al-Hassan, a financial institution that the Israelis claim finances the Resistance in Lebanon.

But in reality, it's just a bank-like institution… pic.twitter.com/Zal62JCXU4

— Al Mayadeen English (@MayadeenEnglish) October 21, 2024

Exclusive: MP says al-Qard al-Hassan depositors won't lose a penny

Earlier, MP Ihab Hamadeh, a member of the Loyalty to the Lebanese Resistance Bloc, assured depositors in the al-Qard al-Hassan that they would not lose any of their funds. 

Related News

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Israeli aggression targets multiple towns in South Lebanon

His remarks to Al Mayadeen follow a series of aggressive raids by the occupation on Sunday, which specifically targeted branches of the al-Qard al-Hassan financial institution in the Southern Suburb of Beirut, Baalbek, and South Lebanon.

Hamadeh emphasized that the foundation serves all Lebanese citizens and noted its provision of scholarships for 5,000 university students studying abroad. He also highlighted that the attacks on the al-Qard al-Hassan coincided with the arrival of the US envoy Amos Hochstein in Beirut.

In a related context, Hamadeh said, rebuking Israeli claims that the foundation is "Hezbollah's financial arm," saying, "The al-Qard al-Hassan is a costly institution for us and we do not make any profit from it."

What is al-Qard al-Hassan? 

The al-Qard al-Hassan is a social institution focused on providing loans to individuals for specific periods to support their economic needs and services. It was established by Hussein al-Shami in 1982 following the Israeli war on Lebanon.

In recent years, the institution has expanded by opening several branches across most Lebanese regions, operating as a licensed institution under the Lebanese government.

However, the US government has imposed sanctions on the institution as part of the financial siege allegedly targeting Hezbollah and its social network. Additionally, it has faced incitement over the years from US media, as well as Western and Arab outlets.

'Israel' targets al-Qard al-Hassan

During the Israeli late-night aggression on Sunday, Lebanese media reported that the al-Qard al-Hassan financial institutions were targeted in Hermel and Baalbek after Israeli evacuation orders were issued for those areas. 

Moreover, Lebanon's official National News Agency (NNA) reported 11 airstrikes on Beirut's Southern Suburb, many aimed at the al-Qard al-Hassan, with one strike landing near the Beirut airport—the main entry point for humanitarian aid to the country.

The NNA added that the strike in Baalbek targeted a commercial market that housed a building previously used by the al-Qard al-Hassan.

Read more: Lebanese minister says plan in place for any potential Israeli step

  • Israeli aggression on Lebanon
  • Al-Qard Al-Hassan
  • Israeli aggression
  • Israel
  • Hezbollah
  • Lebanon

Most Read

Tom Artiom Alexandrovich, executive director of the defense division of the Israeli National Cyber Directorate, undated (Social media)

Israeli-born US prosecutor drops Israeli officer child sex crime

  • Politics
  • 19 Aug 2025
Almost instantly after the Helsinki Accords were signed, organisations sprouted to document purported violations, whose findings were fed to overseas embassies for international amplification. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

How ‘Human Rights’ became a Western weapon

  • Opinion
  • 23 Aug 2025
Israeli soldiers stand on the top of armoured vehicles parked on an area near the Israeli-Gaza border, as seen from southern Israel, Wednesday, Aug. 20, 2025 (AP)

Palestinian fighters target Israeli soldiers, vehicles in Gaza

  • Politics
  • 21 Aug 2025
Launch of a ballistic missile from Yemen toward the occupied Palestinian territories. (YAF military media)

Yemeni Forces announce firing hypersonic missile at Al-Lydd Airport

  • Politics
  • 22 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Israeli Prime Minister Benjamin Netanyahu speaks during a press conference at the Prime minister's office in al-Quds, Occupied Palestine, Sunday, Aug. 10, 2025 (AP)
Politics

Netanyahu deliberately derailing truce with Gaza occupation: Hamas

Irish President Michael Higgins arrives to deliver his speech during a 42nd World Food Day celebration at FAO headquarters in Rome, on Oct. 16, 2023. (AP Photo/Alessandra Tarantino)
Politics

Irish president renews call for UN military intervention in Gaza

US Ambassador to Turkey and Special Envoy to Syria Tom Barrack speaks during an interview with The Associated Press at the US Embassy in Aukar, northern suburb of Beirut, Lebanon, Monday, July 21, 2025 (AP)
Politics

US envoy, Netanyahu discuss restraining attacks on Lebanon, withdrawal

Smoke billows following Israeli airstrikes in multiple areas in Sanaa, Yemen, Sunday, Aug. 24, 2025 (AP)
Politics

Ansar Allah vow sustained Gaza support despite Israeli strikes

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS