Yoav Gallad signed a decree declaring Al-Qard Al-Hassan, an unlicensed bank seen as one of Hezbollah’s main sources of money, as a terrorist organization, the Israeli defense minister’s office said.
The statement states that the measure is part of the “financial effort launched by the security system to combat Hezbollah and various terrorist groups.”
The measure comes a day after Israeli airstrikes targeted branches of Al-Qard Al-Hassan.
At least 11 attacks were reported in the southern suburbs of Beirut, with more attacks reported in southern Lebanon and the northeastern Beqaa Valley region, all Hezbollah strongholds.
Source: Times of Israel