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Why is Israel spending millions on precision bombs for a bank branch in Beirut?

2024-10-22 18:07:31Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Why is Israel spending millions on precision bombs for a bank branch in Beirut?
Why is Israel spending millions on precision bombs for a bank branch in Beirut

Since Sunday evening, Israel's warplanes have targeted specific points in Lebanon, where they say there are no military targets, but the "vaults" that finance Hezbollah are hidden.

In the early hours of Monday, the IDF announced that it had struck the headquarters of Al-Qard Al-Hassan, the idiosyncratic bank created by Hezbollah. The infrastructure in question is located in Beirut's southern suburb of Dahiya, very close to where Israeli fighters killed Hassan Nasrallah in his bunker a month ago.

But why is Israel spending millions on precision bombs for a bank branch?

The building that was hit in the early hours of Monday is no ordinary bank, but Al-Qard Al-Hassan. Al-Qard Al-Hassan is an idiosyncratic banking entity that was established by Hezbollah itself in 1982 and has even lent more than $400 million to members of the Shiite organization as well as Hezbollah itself. It is known as the long arm of Tehran, to manage to escape from global economic sanctions and to finance with the active participation of Iran the creation of a powerful threat of war against Israel.

The Israeli army also announced yesterday that it killed in Syria a senior official of Hezbollah, responsible for a large part of the financing of the Lebanese Shiite movement. The person, whose name was not released, was the head of "Unit 4,400" and "responsible for Hezbollah's fund transfers" which were mainly provided through the sale of Iranian oil. This was clarified by the Israeli military spokesman, Vice Admiral Daniel Hagari. "It was eliminated a few hours ago in Syria," he claimed.

The unit was previously led by Mohammed Jafar Xir, also known as Sheikh Salah, who "managed for years the main source of income for the organization" and was eliminated in an attack in Beirut in early October.

"Unit 4,400" was allegedly responsible for transporting Iranian oil that is unloaded in Syria and resold in Lebanon. "We are talking about tens of millions of dollars", according to Hagar. He also claimed that Hezbollah is partly financed by "factories" in Syria, Yemen, Lebanon itself and Turkey - a NATO member country. He did not give details about these "factories". "We will continue to act against Hezbollah in Syria and everywhere," he added.

But what is Al-Qard Al-Hassan?

Al-Qard Al-Hassan may not be a "typical" bank, but it has provided more than $400 million in loans to entrepreneurs and ordinary members. Al-Qard Al-Hassan is, in short, the entire banking infrastructure of Hezbollah. Israel, hitting the branches of this bank last night, but also Nasrallah's personal treasure, knows very well that it cannot destroy the organization's funds, and that after Nasrallah's death, they "ran away".

As strange as it may seem, Hezbollah can live and "resurrect" without Nasrallah, but not without funds... Tel Aviv has targeted another "ghost" man and he is the manager of the entire economic program of Hezbollah. If he succeeds in killing him, he will have killed the heart of the Shiite organization's economic plan and it could mean the end of Hamas in the south and the death of Hezbollah in the north.

Israel does not target money as an issue... In Tel Aviv they know well that the Iranian source is large and inexhaustible and will always find a way to reach it to "water" the organization. What Israel is trying to do is even more complex, but if it succeeds, it will fundamentally change the image of Lebanon... As with the bombers in early October, Israel is now trying to sow panic within Hezbollah. The depositors of Al-Qard Al-Hassan are not only members of Hezbollah, but mostly ordinary citizens - Shiites, who, after the financial crash in Lebanon in 2020 and the collapse of the local economy, rushed to take - what they could - their money from conventional-systemic banks and deposited them in Hezbollah vaults.

They may disagree ideologically with the "ways" of organization, but over time "money brings us closer". Al-Qard Al-Hassan has no interest rates for deposits, but offers three different loan programs for those who "believe". In fact, its home loans were also announced in Lebanon as "the only interest-free" a few years ago.

With Israel's warplanes now targeting not only Hezbollah's Iranian millions and the savings of ordinary citizens, it is likely that there will be mass mobilization and even incidents outside the branches of this particular bank soon. The recent past, right after the huge explosion that rocked the port of the Lebanese capital, has shown that social upheaval in Lebanon comes most easily and massively through economic collapse.

By hitting the idiosyncratic Al Qard Al Hassan bank, Israel wants to undermine Tehran's long arm by pitting it against its own people.

If Israel succeeds, it will have dealt the most decisive blow against Tehran's long arm, as it will bring it face to face with its own people. After the bombers, Israel will end with another "hybrid" attack that began in the region a month ago.

 


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