QMB at a glance
Founded on December 13th 2007, and established more than 540 branches across the country, The Qarz Al-Hasaneh Mehr Iran Bank (QMB) is the country's first specialized full-fledged Islamic bank specifically engaged in providing benevolent loan called “Qard al-hasanah” that is absolutely interest-free. However; the bank is permitted to charge a minimum service charge (4%) to cover the cost of its administrative fees. The loan is essentially granted to the legal and individual entities in dire need for either welfare purposes or for fulfilling short-term funding requirements.
Latest News
Politicians' points of view on financial and economic issues are mainly worthy of notice as a centerpiece to sense the pulse of a nation. Moreover; they need a bit of more attention when it comes to the concept of Gharz Al-Hasanah!
The Qarz Al-Hasaneh Mehr Iran Bank (QMB) has provided considerable financial assistance to the low/middle-income households of the incarcerated individuals who were the primary breadwinners in their families. Awarded a plaque of appreciation in a fund-raising ceremony for the tremendous and significant synergistic partnership, the Association for Protection of Prisoners commended The Qarz Al-Hasaneh Mehr Iran Bank (QMB) for the outstanding financial contribution towards providing the families of prisoners with interest-free loans in order to help them out of their financial predicament and improve their livelihoods.
Having emphasized the growing need to deal with rural employment problems, the CEO of The Qarz Al-Hasaneh Mehr Iran Bank says, “We must help the rural community combat poverty by providing employment specially for those who are most vulnerable and desperately in need. So in effect, setting a ceiling of a 400 million IR Rials interest-free loan per each individual with a 48-month loan repayment period, QMB wishes to strengthen the rural employment opportunities, improve the livelihood sources of the village dwellers, boost their performance and help them hold their current jobs!”
In recognition of the recent remarkable achievement, QMB has received an official certificate of commendation from Dr. Masoud Karbasian:
Governor’s Office of Golestan province pays homage to QMB for the way the bank has handled the prudent financial planning for women: Presenting a certificate of appreciation, Mrs. Kolsum Ghaffari, the director of Women and Family Affairs of Golestan’s Governor’s Office lately lavished praise on the managing director and employees of The Qarz Al-Hasaneh Mehr Iran Bank (QMB) for the appropriate measures adopted in the area of social responsibility particularly the interest-free loans made to the working-women in this province.
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