"Al-Qard al-Hassan is a Hezbollah unit that's used to pay operatives of the Iran-backed militant group and help buy arms," a senior Israeli intelligence official stated.
"It's a big deal," said David Asher, an expert on illicit financing, highlighting the organization's cash-based structure that would become problematic in the event of strikes.
In a statement, Al-Qard al-Hassan called the decision to target it a sign of Israel's bankruptcy and assured customers of the safety of their funds.
Areas surrounding Al-Qard al-Hassan's branches witnessed a stream of people evacuating, demonstrating the immediate impact of the Israeli military's announcement.
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