Hezbollah Bayt al-Mal, AKA Hezbollah Bayt al-Mal Lil Muslimeen, is a Hezbollah-controlled organization that performs financial services for the organization.
Bayt al-Mal operates under the direct supervision of Hezbollah Secretary General Hassan Nasrallah.
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 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.This article about a political organization is a stub.