The United States and several Gulf countries have imposed sanctions on financial institutions and individuals linked to Hezbollah. According to the US Treasury Department, the sanctions target 16 individuals and five entities, including Al-Qard al-Hassan, Bayt al-Mal, and their top leaders. Al-Qard al-Hassan is described as a nonprofit financial organization that provides interest-free loans and operates under Hezbollah’s network of charitable entities, which also includes schools, hospitals, and low-cost grocery stores.

The sanctions were issued through the Terrorist Financing Targeting Center, a coalition formed in May 2017 during former President Donald Trump’s first term. The center includes Bahrain, Kuwait, Oman, Saudi Arabia, the United Arab Emirates, and Qatar. The move reflects continued coordination between the United States and its Gulf partners to disrupt financial networks associated with Hezbollah.

The announcement underscores ongoing efforts to curb Hezbollah’s financial operations across the region, though the immediate impact of the sanctions was not detailed in the report.