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
The Qarz Al-Hasaneh Mehr Iran Bank (QMB) has developed a product backed by personalized member service:
The implementation of Women’s Economic Empowerment Programme (empowering women through a range of interest-free loans) aimed at promoting female entrepreneurship is just about ready to kick off! The new product known as “MISS” (Mehr Iran Savings Scheme) is a comprehensive solution to women’s banking and lifestyle needs!
Insisting on high standards of customer service, QMB’s central concern is to help people at all levels of society since the main focus of the bank’s attention is on providing an efficient service.
As Iran marks December 26th the National Earthquake Safety Day with weeks-long program activities, branches of The Qarz Al-Hasaneh Mehr Iran Bank in Kermanshah start paying loans to the quake-hit families. Presently, the loan amounts are being granted to those who have sustained enormous loss!
CEO visits the quake-hit areas in western Iran, expressing sympathy with the victims’ families: “The Qarz Al-Hasaneh Mehr Iran Bank immediately responded in the hardest-hit areas by distributing desperately needed items.” Dr. Morteza Akbari also regretted that “a lot of schools have been damaged”; however, he noted that “plans are already underway by QMB to rebuild them from scratch as by this, we are not only rebuilding schools, but also strengthening entire community.”
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