Israeli strikes on Sunday targeted multiple branches of Al-Qard Al-Hassan, a financial association linked to Hezbollah, according to Lebanese state media, marking an escalation in the ongoing conflict between Israel and the Iran-backed militant group. The strikes, which also hit areas near Lebanon’s main airport in Beirut, came after the Israeli military warned it would target the group’s infrastructure, which it claims is a key financial conduit for Hezbollah’s operations.
The strikes are part of a broader Israeli campaign against Hezbollah following a year of sporadic cross-border clashes, which have intensified into open conflict since late September. The National News Agency (NNA) reported that 11 strikes hit Hezbollah-controlled southern suburbs of Beirut, several of which targeted Al-Qard Al-Hassan’s facilities. Israel has accused the association of financing Hezbollah’s military activities against Israel, further asserting that these operations are intended to cripple Hezbollah’s financial network.
Israeli Defense Minister Yoav Gallant signaled an intensification of military operations against Hezbollah, telling Israeli troops that efforts were underway to eliminate Hezbollah’s capacity to launch attacks from Lebanese territory. “We are destroying them in places Hezbollah planned to use as launchpads for attacks against Israel,” Gallant said.
In response to Israeli warnings, several explosions were heard in Beirut’s southern suburbs, with large fires breaking out in targeted areas. While there were no immediate reports of casualties, panic ensued across the city. Residents fled en masse, causing traffic jams as they sought refuge in safer areas.
The Israeli Defense Forces (IDF) took to social media to issue explicit warnings to Lebanese residents, urging them to vacate any areas near Al-Qard Al-Hassan facilities. Shortly after, blasts reverberated across the capital, including near Beirut’s Rafic Hariri International Airport, a crucial hub for humanitarian assistance and evacuations amid the ongoing war. Witnesses reported commercial flights continuing to land despite the nearby strikes, with plumes of smoke visible over parts of the city.
One of the hardest-hit areas was the Chiyah district in Beirut’s southern suburbs, where a branch of Al-Qard Al-Hassan was completely destroyed. Footage from the scene showed a flattened building as rescue teams worked to clear debris in a bid to find survivors. Israeli strikes also targeted branches of the financial group in other areas, including Hermel, Riyaq, and Baalbek in Lebanon’s Beqaa Valley, as well as in Sidon and Nabatieh in the south.
In Baalbek, a market that previously housed Al-Qard Al-Hassan facilities was struck, leading to widespread evacuations after the Israeli military issued warnings to residents. Similar panic erupted in Sidon, where displaced civilians, already sheltering in school buildings, rushed to escape following Israel’s threats to bomb the area. Sidon’s mayor ordered the immediate evacuation of key municipal buildings and shelters housing displaced families, while local emergency services were placed on high alert.
The strikes on Al-Qard Al-Hassan underscore Israel’s determination to dismantle Hezbollah’s financial capabilities, which it views as critical to the group’s military efforts. The U.S.-sanctioned financial association has long been accused of operating as a front for Hezbollah, allowing the group to access global financial systems to fund its military operations. The U.S. Treasury has described Al-Qard Al-Hassan as a “financial lifeline” for Hezbollah, enabling the group to circumvent international sanctions.
When asked if Al-Qard Al-Hassan could be considered a legitimate military target, a senior Israeli intelligence official affirmed that the strikes were aimed at debilitating Hezbollah’s financial operations, both during the current conflict and in the longer term. “The purpose of this strike is to target the ability of Hezbollah to function economically both during the war but also afterward, when they will attempt to rebuild and rearm,” the official said.
The airstrikes represent an escalation of the conflict as both sides engage in increasingly aggressive military actions. As the war rages on, Lebanon faces mounting civilian casualties, infrastructure damage, and a deepening humanitarian crisis, while Israel continues to intensify its campaign to neutralize Hezbollah’s influence and capabilities in the region.
