Israel Launches Attacks Against Hezbollah Economic Strongholds

  • Al Qard Al Hassan Association performs group’s banking needs
  • Targets are around Lebanon, including Beirut southern suburbs

Workers clean a street under a 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, the southern suburb of Beirut, Lebanon, on Oct. 20.

Photographer: Hussein Malla/AP Photo
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Israel launched a military operation targeting Hezbollah economic strongholds in Lebanon, in particular a financial institution used by the Iran-backed militant group and its leadership.

The Israeli military issued evacuation warnings to civilians as it sought to hit targets associated with the Al Qard Al Hassan Association, which serves as Hezbollah’s alternative banking system and allows the Shi’ite group to function. It operates outside of Lebanon’s legal banking system.