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Israeli Strikes Seek to Cripple Hezbollah’s Shadow State
Smoke billows over Beirut’s southern suburbs after an Israeli strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Hadath, Lebanon October 19, 2024. Photo: REUTERS/Mohamed Azakir
JNS.org – Overnight on Monday, the Israeli Air Force launched a series of targeted strikes on branches and sites of the Al-Qard Al-Hassan financial association, which acts as a Hezbollah-run bank and forms the basis for the group’s shadow state in Lebanon. The goal of the strikes was to dismantle the economic network that funds the Iranian proxy army and makes Shi’ite Lebanese dependent on it.
This is part of a broader strategy aimed at disrupting Hezbollah’s ability to rearm and weakening its stranglehold on the Lebanese population.
According to a senior Israeli intelligence official on Oct. 20, the Al-Qard Al-Hassan faux bank “allows the whole economic functionality of the organization, whether it’s paying the salaries to the various operatives or just the daily payments they have to make for all kinds of things.”
Al-Qard Al-Hassan works similarly to a regular bank, with people arriving to conduct transactions, withdraw money, deposit funds, or take loans, “but actually it’s not a bank at all,” said the official. “And it’s disconnected completely from the international SWIFT mechanism … in order to avoid sanctions.”
In addition to paying terrorist salaries, Al-Qard Al-Hassan also provides services to Lebanese Shi’ites for a range of Hezbollah-funded programs, serving around 300,000 people and acting as an alternative banking system disconnected from the Lebanese financial system. “And it’s run completely by Hezbollah,” said the intelligence official, adding that until his elimination on September 27, the chief decision-maker at the bank was Hezbollah chief Hassan Nasrallah.
Most of Hezbollah’s funds were kept in Al-Qard Al-Hassan facilities, including the money of civilians who used the bank’s services.
“We know for a fact that Hezbollah is counting on this money, whether its their own money or the money of the civilians who put their money in this association, to fund the organization in emergency times, and now, during war, when they need to rearm themselves, re-equip themselves, they have a lot more payments to make,” the official said.
Lebanese Shi’ites, rather than use Lebanon’s official banking systems, placed their money in Hezbollah’s association, giving it control over most of the community and enabling it to run an alternative civilian system in Lebanon, which was also used to fund a shadow healthcare and education system.
This shadow economic system is one of the reasons Lebanon can’t get out of the economic crisis it’s in, the official explained.
“We know that the economic situation in Lebanon is perhaps one of the worst economic crises that there has been over the past 100 years, in modern times,” he said.
The official detailed the financial sources that keep Hezbollah afloat, noting that Iran provides around $50 million monthly to Hezbollah via Syria. Some of this money is transferred physically in cash, while other funds come through sales of Iranian oil to Syria, which are converted into cash in Syria before being funneled to Lebanon.
“Diplomatic figures” also arrive at Beirut’s international airport carrying cash, the source said.
This steady flow of Iranian funds enables Hezbollah to pay salaries and finance its day-to-day activities.
In addition to Iranian funding, the intelligence official outlined other sources of income for Hezbollah. The organization has been developing economic initiatives within Lebanon, establishing businesses aimed at creating self-sustaining economic streams.
Although these ventures currently contribute a smaller share to Hezbollah’s budget, they represent a growing part of its financial base. Moreover, fundraising efforts by prominent Hezbollah figures, though less significant, also supplement the organization’s income.
The Israeli strikes overnight Sunday aimed to undercut these funding streams.
According to IDF Arabic language Spokesperson Col. Avichay Adraee, who made a statement on Oct. 20 via X, these strikes were necessary because “Hezbollah’s terrorist activities are funded by the Iranian state budget,” and the Al-Qard Al-Hassan Association acts as a “cover for Hezbollah’s terrorist assets.”
Adraee stressed that these financial networks directly contribute to Hezbollah’s ability to acquire weapons, establish launch positions, and pay its operatives. Israel’s strikes aimed to dismantle this infrastructure to undermine Hezbollah’s ability to continue financing its war efforts.
The Alma Research Center, which monitors northern fronts, highlighted that Al-Qard Al-Hassan has functioned as Hezbollah’s de facto bank since its founding in 1981.
The Center noted on Oct. 20 that Al-Qard Al-Hassan holds tons of gold and manages over half a billion dollars in loans annually. Over time, the institution has also become a tool for money laundering, allowing Hezbollah to bypass international sanctions, according to Alma. In fact, in 2021 the bank’s databases were hacked, revealing a trove of customer accounts, including those of Hezbollah operatives under sanctions, it added.
This parallel financial network has allowed Hezbollah to function as a state within a state in Lebanon, and its elimination will seriously damage the terror group.
The post Israeli Strikes Seek to Cripple Hezbollah’s Shadow State first appeared on Algemeiner.com.
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Syria’s Sharaa Says Talks With Israel Could Yield Results ‘In Coming Days’

Syrian President Ahmed al-Sharaa speaks at the opening ceremony of the 62nd Damascus International Fair, the first edition held since the fall of Bashar al-Assad’s regime, in Damascus, Syria, Aug. 27, 2025. Photo: REUTERS/Khalil Ashawi
Syria’s President Ahmed al-Sharaa said on Wednesday that ongoing negotiations with Israel to reach a security pact could lead to results “in the coming days.”
He told reporters in Damascus the security pact was a “necessity” and that it would need to respect Syria’s airspace and territorial unity and be monitored by the United Nations.
Syria and Israel are in talks to reach an agreement that Damascus hopes will secure a halt to Israeli airstrikes and the withdrawal of Israeli troops who have pushed into southern Syria.
Reuters reported this week that Washington was pressuring Syria to reach a deal before world leaders gather next week for the UN General Assembly in New York.
But Sharaa, in a briefing with journalists including Reuters ahead of his expected trip to New York to attend the meeting, denied the US was putting any pressure on Syria and said instead that it was playing a mediating role.
He said Israel had carried out more than 1,000 strikes on Syria and conducted more than 400 ground incursions since Dec. 8, when the rebel offensive he led toppled former Syrian leader Bashar al-Assad.
Sharaa said Israel’s actions were contradicting the stated American policy of a stable and unified Syria, which he said was “very dangerous.”
He said Damascus was seeking a deal similar to a 1974 disengagement agreement between Israel and Syria that created a demilitarized zone between the two countries.
He said Syria sought the withdrawal of Israeli troops but that Israel wanted to remain at strategic locations it seized after Dec. 8, including Mount Hermon. Israeli ministers have publicly said Israel intends to keep control of the sites.
He said if the security pact succeeds, other agreements could be reached. He did not provide details, but said a peace agreement or normalization deal like the US-mediated Abraham Accords, under which several Muslim-majority countries agreed to normalize diplomatic ties with Israel, was not currently on the table.
He also said it was too early to discuss the fate of the Golan Heights because it was “a big deal.”
Reuters reported this week that Israel had ruled out handing back the zone, which Donald Trump unilaterally recognized as Israeli during his first term as US president.
“It’s a difficult case – you have negotiations between a Damascene and a Jew,” Sharaa told reporters, smiling.
SECURITY PACT DERAILED IN JULY
Sharaa also said Syria and Israel had been just “four to five days” away from reaching the basis of a security pact in July, but that developments in the southern province of Sweida had derailed those discussions.
Syrian troops were deployed to Sweida in July to quell fighting between Druze armed factions and Bedouin fighters. But the violence worsened, with Syrian forces accused of execution-style killings and Israel striking southern Syria, the defense ministry in Damascus and near the presidential palace.
Sharaa on Wednesday described the strikes near the presidential palace as “not a message, but a declaration of war,” and said Syria had still refrained from responding militarily to preserve the negotiations.
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Anti-Israel Activists Gear Up to ‘Flood’ UN General Assembly

US Capitol Police and NYPD officers clash with anti-Israel demonstrators, on the day Israeli Prime Minister Benjamin Netanyahu addresses a joint meeting of Congress, on Capitol Hill, in Washington, DC, July 24, 2024. Photo: REUTERS/Umit Bektas
Anti-Israel groups are planning a wave of raucous protests in New York City during the United Nations General Assembly (UNGA) over the next several days, prompting concerns that the demonstrations could descend into antisemitic rhetoric and intimidation.
A coalition of anti-Israel activists is organizing the protests in and around UN headquarters to coincide with speeches from Middle Eastern leaders and appearances by US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu. The demonstrations are expected to draw large crowds and feature prominent pro-Palestinian voices, some of whom have been criticized for trafficking in antisemitic tropes, in addition to calling for the destruction of Israe.
Organizers of the demonstrations have promoted the coordinated events on social media as an opportunity to pressure world leaders to hold Israel accountable for its military campaign against Hamas in Gaza, with some messaging framed in sharply hostile terms.
On Sunday, for example, activists shouted at Israel’s Ambassador to the UN Danny Danon.
“Zionism is terrorism. All you guys are terrorists committing ethnic cleansing and genocide in Gaza and Palestine. Shame on you, Zionist animals,” they shouted.
BREAKING: PRO-PALESTINE PROTESTORS CONFRONT “ISRAELI” AMBASSADOR DANNY DANON AT THE UNITED NATIONS
1/5 pic.twitter.com/4G1VYEMGzV
— Within Our Lifetime (@WOLPalestine) September 14, 2025
The Combat Antisemitism Movement (CAM), warned on its website that the scale and tone of the planned demonstrations risk crossing the line from political protest into hate speech, arguing that anti-Israel activists are attempting to hijack the UN gathering to spread antisemitism and delegitimize the Jewish state’s right to exist.
Outside the UN last week, masked protesters belonging to the activist group INDECLINE kicked a realistic replica of Netanyahu’s decapitated head as though it were a soccer ball.
US activist group plays soccer with Bibi’s mock decapitated HEAD right outside NYC UN HQ
Peep shot at 00:40
Footage posted by INDECLINE collective just as UN General Assembly about to kick off
‘Following the game, ball was donated to Palestinian Genocide Museum’ pic.twitter.com/TQ84sgZhKr
— RT (@RT_com) September 9, 2025
Within Our Lifetime (WOL), a radical anti-Israel activist group, has vowed to “flood” the UNGA on behalf of the pro-Palestine movement.
WOL, one of the most prolific anti-Israel activist groups, came under immense fire after it organized a protest against an exhibition to honor the victims of the Oct. 7 massacre at the Nova Music Festival in southern Israel. During the event, the group chanted “resistance is justified when people are occupied!” and “Israel, go to hell!”
“We will be there to confront them with the truth: Their silence and inaction enable genocide. The world cannot continue as if Gaza does not exist,” WOL said of its planned demonstrations in New York. “This is the time to make our voices impossible to ignore. Come to New York by any means necessary, to stand, to march, to demand the UN act and end the siege.”
Jewish Voice for Peace (JVP) and Palestinian Youth Movement (PYM), two other anti-Israel organizations that have helped organize widespread demonstrations against the Jewish state during the war in Gaza, also announced they are planning a march from Times Square to the UN headquarters on Friday.
“The time is now for each and every UN member state to uphold their duty under international law: sanction Israel and end the genocide,” the groups said in a statement.
JVP, an organization that purports to fight for “Palestinian liberation,” has positioned itself as a staunch adversary of the Jewish state. The group argued in a 2021 booklet that Jews should not write Hebrew liturgy because hearing the language would be “deeply traumatizing” to Palestinians. JVP has repeatedly defended the Oct. 7 massacre of roughly 1,200 people in southern Israel by Hamas as a justified “resistance.” Chapters of the organization have urged other self-described “progressives” to throw their support behind Hamas and other terrorist groups against Israel
Similarly, PYM, another radical anti-Israel group, has repeatedly defended terrorism and violence against the Jewish state. PYM has organized many anti-Israel protests in the two years following the Oct. 7 attacks in the Jewish state. Recently, Sen. Tom Cotton (R-AK) called for a federal investigation into the organization after Aisha Nizar, one of the group’s leaders, urged supporters to sabotage the US supply chain for the F-35 fighter jet, one of the most advanced US military assets and a critical component of Israel’s defense.
The UN General Assembly has historically been a flashpoint for heated debate over the Israeli-Palestinian conflict. Previous gatherings have seen dueling demonstrations outside the Manhattan venue, with pro-Israel and pro-Palestinian groups both seeking to influence the international spotlight.
While warning about the demonstrations, CAM noted it recently launched a new mobile app, Report It, that allows users worldwide to quickly and securely report antisemitic incidents in real time.
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Nina Davidson Presses Universities to Back Words With Action as Jewish Students Return to Campus Amid Antisemitism Crisis

Nina Davidson on The Algemeiner’s ‘J100’ podcast. Photo: Screenshot
Philanthropist Nina Davidson, who served on the board of Barnard College, has called on universities to pair tough rhetoric on combatting antisemitism with enforcement as Jewish students returned to campuses for the new academic year.
“Years ago, The Algemeiner had published a list ranking the most antisemitic colleges in the country. And number one was Columbia,” Davidson recalled on a recent episode of The Algemeiner‘s “J100” podcast. “As a board member and as someone who was representing the institution, it really upset me … At the board meeting, I brought it up and I said, ‘What are we going to do about this?’”
Host David Cohen, chief executive officer of The Algemeiner, explained he had revisited Davidson’s remarks while she was being honored for her work at The Algemeiner‘s 8th annual J100 gala, held in October 2021, noting their continued relevance.
“It could have been the same speech in 2025,” he said, underscoring how longstanding concerns about campus antisemitism, while having intensified in the aftermath of Hamas’s Oct. 7, 2023, massacre across southern Israel, are not new.
Davidson argued that universities already possess the tools to protect students – codes of conduct, time-place-manner rules, and consequences for threats or targeted harassment – but too often fail to apply them evenly. “Statements are not enough,” she said, arguing that institutions need to enforce their rules and set a precedent that there will be consequences for individuals who refuse to follow them.
She also said that stakeholders – alumni, parents, and donors – are reassessing their relationships with schools that, in their view, have not safeguarded Jewish students. While supportive of open debate, Davidson distinguished between protest and intimidation, calling for leadership that protects expression while ensuring campus safety.
The episode surveyed specific pressure points that administrators will face this fall: repeat anti-Israel encampments, disruptions of Jewish programming, and the challenge of distinguishing political speech from conduct that violates university rules. “Unless schools draw those lines now,” Davidson warned, “they’ll be scrambling once the next crisis hits.”
Cohen closed by framing the discussion as a test of institutional credibility, asking whether universities will “turn policy into protection” in real time. Davidson agreed, pointing to students who “need to know the rules aren’t just on paper.”
The full conversation is available on The Algemeiner’s “J100” podcast.