The Lebanese group Hezbollah has faced problems due to Israeli attacks on its facilities and sources of funding. Experts note that three main flows of money into the organization have received serious blows, Voice of America reports.
Professor of political science at the American University of Beirut, Hilal Hashan, emphasizes: “Hezbollah has serious financial problems. They cannot pay their fighters who have fled their homes and have to feed their families.”
One of Hezbollah's main sources of funding was the quasi-banking institution Al-Qard al-Hassan (AQAH). The US Treasury Department sanctioned AQAH in 2007. And in 2021, it announced further sanctions against AQAH employees, alleging that the institution had amassed nearly half a billion dollars. AQAH was hit by Israeli airstrikes against Hezbollah targets in Dahiya in late September.
Former US Defense Department official David Asher says: “I heard from Lebanese bankers, including Hezbollah financiers, that Lebanon's wealthiest bankers fled to Europe and the Persian Gulf for fear of being targeted by Israel for aiding Hezbollah.
Israel has cut off the supply of money through Beirut airport. “I heard from Israeli colleagues that Iranians are afraid to send money to Lebanon because Israel threatens to attack flights to Beirut. The Israelis say they will attack flights carrying money, not just weapons,” Asher reports.
However, despite the financial difficulties, Hashan believes that this will not stop Hezbollah from continuing to fight: “The continuation of the battle depends more on the availability of food and ammunition. When religious zeal motivates a fight, there are more important issues than money.”
