Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
World
Tony Gamal-Gabriel

Hezbollah-linked Financial Firm An Economic Lifeline For Lebanese

A destroyed building at the site of an Israeli air strike that targeted a branch of the Hezbollah-linked Al-Qard Al-Hassan financial firm in south Beirut (Credit: AFP)

Al-Qard al-Hassan, bombed by Israel over it's Hezbollah links, is a lifeline for mainly Muslim Shiite communities battling a years-long financial crisis that has locked Lebanese out of their bank deposits.

The financial firm, officially registered as a charity, has been offering customers credit in exchange for gold deposits on an interest-free basis since the 1980s.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.