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 agency: Russia will conduct a nuclear test if the US does
Al-Nakhalah: We are the rightful owners, and we must fight to retrieve our rights
Al-Nakhalah: The enemy and its allies must know that we can never surrender to their terms and diktats after all the sacrifices made
Al-Nakhalah: The prisoner exchange clause can be completed in the next few days, and thus we will have pulled the [explosion] fuse and removed the enemy's justifications for aggression
Al-Nakhalah: The Resistance has expressed its willingness to negotiate on the basis that there are items that can be dealt with positively, the first of which is the prisoner exchange item
Al-Nakhalah: Trump's plan entails the Palestinian people's declaration of complete surrender to the enemy
PIJ Secretary-General, Ziyad al-Nakhalah, in an address aired on Al Mayadeen: The Resistance is engaging in a fierce negotiating battle under the so-called Trump plan
Russian Federation Council approves joint military cooperation agreement with Cuba
Al-Nunu: Today, the lists of prisoners required to be released, the agreed-upon criteria and numbers, were exchanged
Al-Nunu from Sharm el-Sheikh: Negotiations focused on mechanisms for implementing an end to the war, the withdrawal of occupation forces from the Gaza Strip, and the exchange of prisoners

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

Israeli drone strikes Houla in four attacks on southern Lebanon

'Israel' unleashes massive strikes on South Lebanon, ignites fires

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

Tucker Carlson speaks at a memorial for Charlie Kirk, Sunday, September 21, 2025, at State Farm Stadium in Glendale, Arizona (AP)

Tucker Carlson: Israeli officers gave orders on Iran inside Pentagon

  • Politics
  • 2 Oct 2025
A Hamas fighter in combat fatigues stands before the ceremony for the handover of Israeli captives to the Red Cross in Nuseirat, central Gaza Strip, Saturday, February 22, 2025 (AP)

Hamas responds to Trump plan, backs Gaza withdrawal, exchange

  • Politics
  • 3 Oct 2025
Mossad’s secret role in Aldo Moro’s 1978 murder revealed

Mossad’s secret role in Aldo Moro’s 1978 murder exposed

  • Politics
  • 5 Oct 2025
Al-Quds Brigades strike a command and control center north of Khan Younis, southern Gaza Strip, in an undated screengrab from the al-Quds Brigades military media

Gaza resistance announces major operations against Israeli forces

  • Politics
  • 1 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Retired Israeli General Brik says Israel has reached point of no return.
Politics

Retired Israeli General Brik: 'Israel has reached point of no return'

Depleted by foreign wars, US seeks to re-arm for another confrontation
Politics

Depleted by foreign wars, US seeks to re-arm for another confrontation

Gaza’s newborns gasp for life as hospitals collapse amid Israeli war
Health

Gaza newborns gasp for life, share oxygen masks amid collapsed system

UK arms exports to 'Israel' reach record high despite ban calls
Politics

UK arms exports to 'Israel' reach record high despite ban calls

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