Trust Life, which provides life insurance services, was established in 2001. Trust Life and Trust Insurance products are backed by Jammal Trust. Moreover, Trust Life is a subsidiary of Jammal Trust and is 99.56% owned by the bank.
Trust Insurance Services S.A.L. is designated for being owned or controlled by Jammal Trust. Trust Insurance Services, which was established in 2012, is a subsidiary of Jammal Trust and is 90% owned by the bank.
Hizballah has used accounts at Jammal Trust to pay its operatives and their families, and Jammal Trust has actively attempted to conceal its banking relationship with numerous wholly owned Martyrs Foundation subsidiaries. When opening purportedly "personal accounts" at Jammal Trust, Al-Qard[...]