This article is about the organization that performs financial services for Hezbollah. For historical financial institution responsible for the administration of taxes in Islamic states, see Bayt al-mal.
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 Hassan 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.
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.
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