Bayt al-Mal

Bayt al-Mal

Bayt al-Mal, AKA 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; andHirmil, Lebanon.

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.


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Bayt al-Mal — Saltar a navegación, búsqueda Bayt al Mal, AKA Bayt al Mal Lil Muslimeen, es una organización controllada por Hezbollah que sirve de centro para los servicios financieros y banco de credito y de investo. En español el nombre está traducido como… …   Wikipedia Español

  • Bayt al-mal — is an Arabic term that is translated as House of money or House of Wealth. Historically, it was a financial institution responsible for the administration of taxes. It served as a royal treasury for the caliphs and sultans, managing personal… …   Wikipedia

  • Mal (desambiguación) — El término Mal hace referencia a varios artículos en Wikipedia: Contenido 1 Varios 2 Literaturas 3 Geografía 4 Medicina 5 …   Wikipedia Español

  • 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. Department of Treasury s Under… …   Wikipedia

  • Caliphate — Khilafat and Khilafah redirect here. For the South Asian movement, see Khilafat Movement. For the Khilafat in Ahmadiyya Islam, see Khalifatul Masih. For specific Islamic or Arab dynasties, see Islamic empire. The last Caliph of Islam, Abdülmecid… …   Wikipedia

  • Organisations considérées comme terroristes par le département du Trésor des États-Unis — Le département du Trésor des États Unis d Amérique fait paraître à la suite des attentats du 11 septembre 2001 une liste d organisations étrangères aux États Unis appelée Specially Designated Global Terrorist (SDGT) qu il considère comme… …   Wikipédia en Français

  • Islamic economic jurisprudence — Part of a series on Islamic jurisprudence (Fiqh) …   Wikipedia

  • Sharia — Not to be confused with Shahriyār. This article is part of the series …   Wikipedia

  • Islam — For other uses, see Islam (disambiguation). The Kaaba, in Mecca, Saudi Arabia, is the …   Wikipedia

  • Dhimmi — This article is about dhimmi in the context of Islamic law. For the neologism, see dhimmitude. This article is …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”