Qard al-Hassan is a profit-free, interest-free Islamic banking and loan withdrawal system that was heavily targeted by z*onist airstrikes during the war on Lebanon last year.

The Lebanese Central Bank has banned financial institutions from directly or indirectly engaging with Hezbollah’s Qard al-Hassan organization, according to a document seen by Reuters on 15 July.

“Banks, financial institutions, and other institutions subject to a license from the Banque du Liban, as well as financial intermediary institutions and collective investment funds, are prohibited from conducting any financial, commercial, or other transactions, directly or indirectly, in whole or in part, with exchange institutions, money transfer companies, associations, and unlicensed bodies such as the Qard Al-Hassan Association,” it said.

“Failure to comply with the provisions of this decision exposes perpetrators to legal prosecution and measures that may reach the extent of suspension or withdrawal of the license and freezing of accounts and assets,” it added.

The Central Bank confirmed “that it will take all appropriate administrative and legal measures to enforce the implementation of the provisions of this decision,” stressing that the decision “shall be effective immediately.”

Qard al-Hassan, founded in 1983, is a profit-free and interest-free Islamic banking and loan withdrawal system adopted by the Lebanese resistance. It has been described as a charitable organization and has been repeatedly targeted by US sanctions.

The latest of these sanctions was imposed earlier this month. Washington says Hezbollah uses the organization to evade sanctions and conduct financial transactions through “shadow accounts.” The Lebanese resistance movement denies receiving any funding through the organization.

In October last year, during the height of zion*st war against Lebanon, zionst strikes targeted and destroyed several buildings linked to Qard al-Hassan.

Hezbollah said at the time that it was prepared for the attack and took measures to safeguard people’s savings.

The central bank’s move comes amid increasing US pressure on Lebanon to disarm Hezbollah.

The country also continues to face daily zionist attacks and ceasefire violations, as well as an occupation in southern Lebanon.

zionist colony carried out a large-scale attack across the eastern Lebanese Bekaa region on 15 July, killing at least 12 people and injuring several others.

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