Israeli officials accuse Hezbollah of using a non-profit cover to finance its activities.

In Lebanon, Al-Qard Al-Hasan is classified as a non-profit organization.

Israeli officials accuse Hezbollah of using a non-profit cover to finance its activities.
Israeli officials accuse Hezbollah of using a non-profit cover to finance its activities.

On Monday, the Israel Defense Forces (IDF) disclosed new information regarding Hezbollah's financial system, while the military continues to neutralize threats posed by Hamas and other terrorist organizations.

In a Monday briefing, Rear Adm. Daniel Hagari of the IDF disclosed new details regarding Hezbollah's funding mechanism for attacks.

"Hezbollah's financial network is being exposed, and it's revealed how the group uses it to fund its terrorist activities," Hagari stated. "The Lebanese state has been grappling with a severe financial crisis in recent years, which Hezbollah has exploited."

Hagari stated that Al-Qard Al-Hasan, Hezbollah's financial arm, offers financial services to Lebanese citizens and compensates Hezbollah's employees.

APTOPIX Lebanon Israel
Workers clean a street under a giant portrait of the late Hezbollah military commander Imad Mughniyeh, as smoke rises from a destroyed building that was hit by an Israeli airstrike in Dahiyeh, in the southern suburb of Beirut, Lebanon, Sunday, Oct. 20, 2024. (AP Photo/Hussein Malla)

According to Reuters, Al-Qard Al-Hasan is a Lebanese charitable non-profit that provides loans, and Hagari claims that the Iranian-linked financial network violates international law.

""Hezbollah's financial network is primarily funded by the Iranian regime and the Lebanese people, with Iran's Quds Force transferring money to Hezbollah from Iranian oil sold in Syria," the military spokesman stated."

"Hezbollah receives suitcases of cash and gold from Iran via planes, which are delivered directly to the Iranian embassy in Beirut."

Hagari press conference
Israeli army spokesman Rear Admiral Daniel Hagari speaks to the press from The Kirya, which houses the Israeli Ministry of Defence, in Tel Aviv on October 18, 2023.  (GIL COHEN-MAGEN/AFP via Getty Images)

Hezbollah constructed factories in Syria, Lebanon, Yemen, and Turkey to generate funds for terrorist activities, as observed by Hagari.

The Lebanese economy is endangered by Hezbollah's financial arm, as the influx of Iranian money devalues the Lebanese pound, according to an Israeli official.

"Hagari emphasized that the conflict is not with the people of Lebanon, but rather with Hezbollah. The objective is to combat Hezbollah and ensure the safety and security of northern Israel's residents, allowing them to return to their homes."

Israeli soldiers in Lebanon
Israeli soldiers operate at a location given as Southern Lebanon in this image released on October 6, 2024. (Israel Defense Forces/Handout via REUTERS)

Three weeks after the IDF started ground operations in Lebanon, the military carried out airstrikes on Al-Qard Al-Hasan buildings in Lebanon on Sunday.

Planet Chronicle Digital's Trey Yingst and Bradford Betz contributed to this report.

by Andrea Margolis

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