Banque du Liban (BDL) has issued a directive earlier last week prohibiting banks and financial institutions from engaging with what it terms “unlicensed exchange houses or unlicensed associations and bodies.” The directive specifies several entities under this designation, including: Al-Qard Al-Hassan Association, Cedars Inter S.A.L., Al-Moyassar Finance and Investment Company, ...
Hezbollah called for a wide campaign to offer aid to the quake-hit Syrian areas, several days after the devastating earthquake which struck Turkey and Syria. In a statement, Hezbollah’s Media Relations Office announced late Thursday that its health institution, the Islamic Health Association, and microfinance agency, Al-Qard al-Hassan, are deployed ...
