Type Public Services Consumer banking Founded 13 December 2007 | Key people Morteza Akbari, (CEO) Founder Mahmoud Ahmadinejad | |
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Industry Banking, Financial services Headquarters No. 204 Taleghani st, Tehran, Iran Number of locations 530 branches across Iran CEO Siamak Dolati (19 Mar 2015–) | ||
Qarzol-Hasane Mehr Iran Bank (Persian: بانک قرض الحسنه مهر ایران ), also known as QMB, is an Iranian bank founded in December 2007. QMB is the first Iranian specialized Islamic bank which is specifically engaged in providing loans that are interest-free and non-profit. These loans, known in Iran as "Gharzolhasane" (or "Qarzol-Hasane" as here), are essentially granted to the legal and individual entities in dire need for either welfare purposes or for fulfilling short-term funding requirements.
References
Qarzol-Hasaneh Mehr Iran Bank Wikipedia(Text) CC BY-SA