Israeli airstrikes on Al Qard Al Hasan

The Israeli Defense Forces conducted airstrikes on the Al-Qard Al-Hasan institution, a Hezbollah-linked financial institution on the night of October 20-21, 2024. During these airstrikes, the Israeli air force targeted a large number of Al-Qard Al-Hassan's sites in Lebanon. The institution operates as an association providing social services to the Shiite community in Lebanon and is said to be a major source of funding for Hezbollah's activities. These attacks aimed to harm Hezbollah's economic infrastructure, particularly its funding sources. Due to Al-Qard Al-Hasan's links to Hezbollah, the organisation has been subject to sanctions by the United States. According to the US Treasury Department, Al-Qard Al-Hasan says it serves the people of Lebanon but in practice “illicitly moves funds through shell accounts and facilitators”.

Before the airstrikes began, the Israeli army issued specific evacuation warnings to residents living near the targets. Israel gave warnings for more than a dozen buildings in Beirut according to The New Arab. As a result, there were reports of mass movement among displaced individuals fleeing from Beirut and other targeted areas, including the Dahieh, the Beqaa Valley, and southern Lebanon.

Israeli sources indicated that the airstrikes aimed to damage Hezbollah's operational capabilities and funding during the military confrontation, hinder its ability to rebuild after the conflict, and undermine the trust between Hezbollah and the Shiite population in Lebanon. An Israeli source said that Al-Qard Al-Hasan helped fund Hezbollah's operations.