Bayt Al-Mal (Hezbollah)
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Bayt Al-Mal (Hezbollah)
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 investin ...
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Hezbollah
Hezbollah (; ar, حزب الله ', , also transliterated Hizbullah or Hizballah, among others) is a Lebanese Shia Islamist political party and militant group, led by its Secretary-General Hassan Nasrallah since 1992. Hezbollah's paramilitary wing is the Jihad Council, and its political wing is the Loyalty to the Resistance Bloc party in the Lebanese Parliament. After the Israeli invasion of Lebanon in 1982, the idea of Hezbollah arose among Lebanese clerics who had studied in Najaf, and who adopted the model set out by Ayatollah Khomeini after the Iranian Revolution in 1979. After failing to agree on a name for the new organisation, the party's founders adopted the name chosen by Ayatollah Khomeini, Hezbollah. The organization was established as part of an Iranian effort, through funding and the dispatch of a core group of Islamic Revolutionary Guard Corps (pasdaran) instructors, to aggregate a variety of Lebanese Shia groups into a unified organization to resist the ...
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Arabic
Arabic (, ' ; , ' or ) is a Semitic languages, Semitic language spoken primarily across the Arab world.Semitic languages: an international handbook / edited by Stefan Weninger; in collaboration with Geoffrey Khan, Michael P. Streck, Janet C. E.Watson; Walter de Gruyter GmbH & Co. KG, Berlin/Boston, 2011. Having emerged in the 1st century, it is named after the Arabs, Arab people; the term "Arab" was initially used to describe those living in the Arabian Peninsula, as perceived by geographers from ancient Greece. Since the 7th century, Arabic has been characterized by diglossia, with an opposition between a standard Prestige (sociolinguistics), prestige language—i.e., Literary Arabic: Modern Standard Arabic (MSA) or Classical Arabic—and diverse vernacular varieties, which serve as First language, mother tongues. Colloquial dialects vary significantly from MSA, impeding mutual intelligibility. MSA is only acquired through formal education and is not spoken natively. It is ...
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Hasan Nasrallah
Hassan Nasrallah ( ar, حسن نصر الله ; born 31 August 1960) is a Lebanese cleric and political leader who has served as the 3rd secretary-general of Hezbollah since his predecessor, Abbas al-Musawi, was assassinated by the Israel Defense Forces in February 1992. Early life and education Hasan Nasrallah was born the ninth of ten children into a Shia family in Bourj Hammoud, Matn District (an eastern suburb of Beirut) on 31 August 1960. His father, Abdul Karim Nasrallah, was born in Bazourieh, a village in Jabal Amel (South Republic of Lebanon) located near Tyre and worked as a fruit and vegetables seller. Although his family was not particularly religious, Hassan was interested in theological studies. He attended the al-Najah school and later a public school in the predominantly Christian neighborhood of Sin el Fil Beirut. In 1975, the Lebanese Civil War forced the family, including Nasrallah who was 15 at the time, to move to their ancestral home in Bazourieh, whe ...
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Husayn Al-Shami
Husayn al-Shami is a Shia Lebanese and also 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 The Islamic Resistance Support Association (IRSO; ar, هيئة دعم المقاومة الاسلامية في لبنان ''Hay'at Da'am al-Muqawama al-Islamiya fi Lubnan'') is a charity used to raise funds for Hezbollah and pay for the services .... Shami is also responsible for foreign donations to Hezbollah fundraising organizations.Branded terrorist, microcredit czar keeps lending
Post-Gazette, December 28, 2006


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Lebanon
Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus lies to its west across the Mediterranean Sea; its location at the crossroads of the Mediterranean Basin and the Arabian hinterland has contributed to its rich history and shaped a cultural identity of religious diversity. It is part of the Levant region of the Middle East. Lebanon is home to roughly six million people and covers an area of , making it the second smallest country in continental Asia. The official language of the state is Arabic, while French is also formally recognized; the Lebanese dialect of Arabic is used alongside Modern Standard Arabic throughout the country. The earliest evidence of civilization in Lebanon dates back over 7000 years, predating recorded history. Modern-day Lebanon was home to the Phoenicians, a m ...
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Yousser Company For Finance And Investment
Yousser Company for Finance and Investment is a bank that was part of the first Canadian lawsuit against a bank over terrorist funding. History Yousser Company for Finance and Investment is used by Bayt al-Mal to secure loans and finance business deals for Hezbollah companies. The organization is located in Lebanon Lebanon ( , ar, لُبْنَان, translit=lubnān, ), officially the Republic of Lebanon () or the Lebanese Republic, is a country in Western Asia. It is located between Syria to the north and east and Israel to the south, while Cyprus li .... In September 2006, the United States said Bayt al-Mal and the Yousser Company for Finance and Investment served as a bank, creditor, and investment arm for Hezbollah and secured loans and financed business deals for Hezbollah. As of February 2007, Bayt al-Mal and Yousser Company bank accounts re-registered in the name of senior employees of Al-Qard al-Hassan. Further, after Bayt al-Mal's offices were damaged, in the su ...
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Stuart Levey
Stuart A. Levey was the first Under Secretary for Terrorism and Financial Intelligence within the United States Department of the Treasury. He was sworn in on July 21, 2004 as a political appointee of President George W. Bush. President Barack Obama asked Levey to remain in his position and Levey was one of only a small number of Senate-confirmed Bush appointees who served in the Obama Administration. Education and Career Stuart Levey grew up in a Jewish family near Akron, Ohio, where his father had practiced dentistry. Levey attended Harvard College, graduating ''summa cum laude'' in 1986, and in 1989 he graduated ''magna cum laude'' from Harvard Law School. After law school, Levey clerked for Judge Laurence Silberman on the U.S. Court of Appeals for the D.C. Circuit from 1989 through 1990. Prior to joining the Justice Department in 2001, Levey spent 11 years in private practice at the Washington law firm Miller, Cassidy, Larroca & Lewin LLP (which merged into Baker Botts LLP) ...
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Beirut
Beirut, french: Beyrouth is the capital and largest city of Lebanon. , Greater Beirut has a population of 2.5 million, which makes it the third-largest city in the Levant region. The city is situated on a peninsula at the midpoint of Lebanon's Mediterranean coast. Beirut has been inhabited for more than 5,000 years, and was one of Phoenicia's most prominent city states, making it one of the oldest cities in the world (see Berytus). The first historical mention of Beirut is found in the Amarna letters from the New Kingdom of Egypt, which date to the 14th century BC. Beirut is Lebanon's seat of government and plays a central role in the Lebanese economy, with many banks and corporations based in the city. Beirut is an important seaport for the country and region, and rated a Beta + World City by the Globalization and World Cities Research Network. Beirut was severely damaged by the Lebanese Civil War, the 2006 Lebanon War, and the 2020 massive explosion in the ...
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