# Al-Qard Al-Hasan Association

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Al-Qard Al-Hassan (AQAH) or Al-Qard Al-Hasan Association (Arabic: جمعية مؤسسة القرض الحسن, lit. 'the benevolent loan') is a Hezbollah-affiliated non-profit financial institution, that provides interest-free loans and other financial services to the Lebanese Shia community, providing support amidst widespread poverty. It is based on the Islamic principle of interest-free loans of the same name (Qard al-Hasan).
The association has been sanctioned by the United States due to its ties to Hezbollah since 2007. The US Treasury says it also functions as Hezbollah’s de facto banking arm, used by Hezbollah to move funds through a network of shell accounts and facilitators. Israeli news website Ynet said it is Hezbollah's main money laundering institution. The Israeli military accused the Al-Qard Al-Hasan Association of being used to fund Hezbollah's military wing.
It has approximately 30 branches in Lebanon, including in the Dahieh neighbourhood controlled by Hezbollah. It is not regulated by the Lebanese central bank.
In October 2024 the association was targeted by Israeli airstrikes.

## History

The organisation was established in 1982. Its primary goal at the time was supporting the Lebanese Shiite community that were affected by the hardships of the Lebanese Civil War. It was officially registered as a social association in 1987. All its services follow the principles of Islamic finance. Its primary role is to provide loans, typically secured by gold collateral, to individuals who may not have access to traditional banking services due to Lebanon's ongoing liquidity crisis and the collapse of its banking sector in 2019. More than nine hundred thousand people have used its services since its was formed and it has provided loans worth more than 4 billion dollars.

### 2007 US sanctions

Since 2007, due to its ties to Hezbollah, Al-Qard has been subject to sanctions by the U.S. Treasury Department, which designates Hezbollah as a terrorist organization. The U.S. Treasury Department says that it has been used by Hezbollah as "a cover to manage the terrorist group’s financial activities and gain access to the international financial system." These sanctions limit Qard Al-Hassan's access to international financial systems and complicate its operations outside of Lebanon. The organization is often described as Hezbollah's financial arm, providing microfinance services to individuals and small businesses in Lebanon.
In 2021 the US Treasury Department said it: "purports to serve the Lebanese people," but that it in reality "illicitly moves funds through shell accounts and facilitators" in Hezbollah’s "shadow banking" network. That year, the Treasury Department hardened its sanctions, saying that the association was "hoarding hard currency that is desperately needed by the Lebanese economy" and compromising the stability of Lebanon.

### 2024 Israeli airstrikes

In October 2024, the association buildings in Beirut were hit by Israeli airstrikes. Israel’s military said that the banking association "directly funds Hezbollah’s terror activities," including the purchase of "weapons and payments to operatives in Hezbollah’s military wing". Hezbollah said it has no role other than providing small, interest-free loans to ordinary Lebanese, in line with Islamic law's ban on receiving interest. Amal Saad, a leading expert on Hezbollah, said that the aim of these attacks is to destroy what is also known as the Hezbollah’s "community of resistance." Dahiya doctrine is an Israeli military strategy involving the large-scale destruction of civilian infrastructure, or domicide, to pressure hostile governments.

## Controversy

Despite being registered as a charitable organization, Qard Al-Hassan has been accused of operating more like a bank, acting outside the regulation and control of the Lebanon's central bank, the Banque du Liban, potentially serving as a channel for money laundering.