The Al-Qard Al-Hasan Association, which works as Hezbollah's bank and funding source, resumed its operations on Saturday, according to a report by Saudi-owned Al-Arabiya network.
The report said that, even after the IDF targeted 30 of the organization's branches in recent clashes, the branch in the Haret Khreik neighborhood in southern Dahiyya, Beirut, resumed operations.
Additionally, Al-Qard Al-Hasan reportedly contacted the Lebanese government to allow the bank to operate, something that was banned in Lebanon during the war between Israel and Hezbollah.
Sources close to Lebanon's Interior Ministry said they did not receive official documents from the Central Bank or legal authorities authorizing it to act against the association, but decided to cancel its permits preemptively at the beginning of 2026, regardless.
Lebanon's ban on Al-Qard Al-Hasan
In July 2025, the Central Bank of Lebanon issued a ban on all financial institutions in the country from conducting transactions with Al-Qard Al-Hassan, following pressure from the United States. It should be noted that the association has been under US sanctions since 2007.
The Lebanese Central Bank said it didn't ban the association but only issued instructions to commercial banks not to do business with it.
Lawyer Majid Harb, who previously filed a complaint against Al-Qard Al-Hasan, sharply criticized the Lebanese state and claimed that "the policy of cutting corners and the fear of state institutions from Hezbollah have brought us to the current situation, in which the expansion of the association is damaging Lebanon's financial reputation."
Hezbollah, on the other hand, claims that the association's activities did not stop at all during the war and were adapted to the situation through an alternative mechanism, out of the need to provide funds to the public.