Bayt al-Mal
Encyclopedia
Hezbollah Bayt al-Mal, AKA Hezbollah Bayt al-Mal Lil Muslimeen, is a Hezbollah-controlled organization that performs financial services for the organization. In Arabic, the term is used as "House of Money."
Bayt al-Mal operates under the direct supervision of Hezbollah Secretary General Hasan Nasrallah. As Hezbollah's main financial body, Bayt al-Mal serves as a bank, creditor, and investment arm for Hezbollah. Husayn al-Shami
is the head of Bayt al-Mal.
It has branch offices in:
Harat Hurayk, Beirut, Lebanon
;
Burj Al-Barajinah, Lebanon;
Sidon, Lebanon;
Tyre, Lebanon;
Al-Nabatiyah, Lebanon;
Ba'albak, Lebanon; and
Hirmil, Lebanon.
Hezbollah Bayt al-Mal utilizes the Yousser Company for Finance and Investment
to secure loans and finance business deals for Hezbollah companies.
According to Mr. Stuart Levey, U.S. Department of Treasury's Under Secretary for Terrorism and Financial Intelligence (TFI),"Bayt al-Mal functions as Hezbollah's unofficial treasury, holding and investing its assets and serving as intermediaries between the terrorist group and mainstream banks."
The central headquarters of Bayt al-Mal was located in Hezbollah's stronghold in Beirut
's southern suburbs.
Bayt al-Mal operates under the direct supervision of Hezbollah Secretary General Hasan Nasrallah. As Hezbollah's main financial body, Bayt al-Mal serves as a bank, creditor, and investment arm for Hezbollah. Husayn al-Shami
Husayn al-Shami
Husayn al-Shami is the head of Bayt al-Mal and a senior Hezbollah leader who has served as a member of Hezbollah's Shura Council and as the head of several Hezbollah-controlled organizations, including the Islamic Resistance Support Organization. Shami is also responsible for foreign donations to...
is the head of Bayt al-Mal.
It has branch offices in:
Harat Hurayk, Beirut, Lebanon
Lebanon
Lebanon , officially the Republic of LebanonRepublic of Lebanon is the most common term used by Lebanese government agencies. The term Lebanese Republic, a literal translation of the official Arabic and French names that is not used in today's world. Arabic is the most common language spoken among...
;
Burj Al-Barajinah, Lebanon;
Sidon, Lebanon;
Tyre, Lebanon;
Al-Nabatiyah, Lebanon;
Ba'albak, Lebanon; and
Hirmil, Lebanon.
Hezbollah Bayt al-Mal utilizes the Yousser Company for Finance and Investment
Yousser Company for Finance and Investment
Bayt al-Mal utilizes the Yousser Company for Finance and Investment to secure loans and finance business deals for Hezbollah companies. The organization is located in Lebanon.According to Mr. Stuart Levey, U.S...
to secure loans and finance business deals for Hezbollah companies.
According to Mr. Stuart Levey, U.S. Department of Treasury's Under Secretary for Terrorism and Financial Intelligence (TFI),"Bayt al-Mal functions as Hezbollah's unofficial treasury, holding and investing its assets and serving as intermediaries between the terrorist group and mainstream banks."
The central headquarters of Bayt al-Mal was located in Hezbollah's stronghold in Beirut
Beirut
Beirut is the capital and largest city of Lebanon, with a population ranging from 1 million to more than 2 million . Located on a peninsula at the midpoint of Lebanon's Mediterranean coastline, it serves as the country's largest and main seaport, and also forms the Beirut Metropolitan...
's southern suburbs.