Funding of Hezbollah

Funding Of Hezbollah

Funding of Hezbollah

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The funding of Hezbollah partly occurs through donations. Lebanese Shias often make zakat contributions directly after prayers, leaving change in the two-handed Hezbollah collection tins. Also Hezbollah receives financial and political assistance, as well as weapons and training, from the Islamic Republic of Iran. The US estimates that Iran was giving Hezbollah about $60–$100 million per year in financial assistance but that assistance declined as other funding was secured, primarily from South America.

Monetary funding

Mohammed Raad, at one time leader of Loyalty to the Resistance Bloc, said money from Iran came only through private charities to be used for health care, education and the support of war widows. Hezbollah's main sources of income, he said, are the party's investment portfolios and wealthy Shiites.

The U.S. Treasury Department has also accused Hezbollah of raising funds by counterfeiting U.S. currency. Researchers at the American Naval War......
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