Al-Qard Al-Hasan, a financial institution linked to Hezbollah and designated by the U.S. as a terrorist entity, has resumed operations in the Haret Hreik neighborhood of Beirut's southern suburbs, according to a report by Saudi-owned Al-Arabiya. This comes after the Israel Defense Forces (IDF) targeted 30 of its branches during recent clashes.
The resumption of activities was reported on May 8, 2026, with the branch in Haret Hreik reopening for business. Al-Qard Al-Hasan is considered a key funding source for Hezbollah, providing financial services to the group's supporters and members.
The IDF had previously struck multiple branches of the institution as part of its military operations against Hezbollah, aiming to disrupt the group's financial networks. The reopening signals a potential recovery of Hezbollah's financial infrastructure despite ongoing tensions.
Al-Qard Al-Hasan operates as a non-profit lending institution but has been sanctioned by the U.S. Treasury for its ties to Hezbollah. The group has not commented on the resumption of activities.
