A coalition of Lebanese lawmakers and sovereign political parties has launched a concerted effort to have the Interior Ministry revoke the license of the Al-Qard Al-Hasan Association, sources told Al-Markazia.

Despite being initially registered as a charitable organization, the Al-Qard Al-Hasan Association, which operates more than 14 branches, ended up functioning as a commercial banking institution, engaging in financial and commercial activities similar to licensed companies.

The push comes after U.S. sanctions were imposed last July on seven senior officials and an entity linked to Al-Qard Al-Hasan, accusing them of facilitating Hezbollah’s access to Lebanon’s financial system in defiance of international restrictions. Days later, Lebanon’s central bank prohibited dealings with several unlicensed institutions, including Al-Qard Al-Hasan, Cedars International s.h.m.l., Al-Muyassar for Finance and Investment, and Bayt Al-Mal Al-Muslimin.

Founded in the 1980s to provide interest-free loans for the poor, the association has long been criticized for operating as one of Hezbollah’s key financial institutions outside the framework of Lebanon’s “Money and Credit” law. Washington has described it as a front for the party’s financial operations, banning dealings with it since 2007.

The central bank, under Governor Karim Souaid, reportedly informed the Finance Ministry and other authorities that the association’s operations were unlicensed, prompting calls for immediate regulatory action. The Interior Ministry now faces pressure to determine whether to revoke the license, which would effectively halt the association’s domestic and international operations.