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, ...
One of the main targets of the Israeli war on Lebanon in 2024 was Al-Qard Al-Hasan Association with all its branches across the country. This is not weird since the role of the association is basic in securing the necessary funds for the Lebanese people in need of a financial support. ...
