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.
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Dr. Morteza Akbari is an economist and a professor with decades of working and teaching experience in the economy under his belt. He received his bachelor, masters, and Ph.D. all in accounting from reputable Iranian universities. Professor Akbari has taken the helm at the QMB since 2016 and ever since he has been leading the bank and has had a unique impact on the bank’s evolution.
Today, on the World Health Day, 7 April 2018, we honor the vital role played by The Qarz Al-Hasaneh Mehr Iran Bank (QMB)! Here is a broad outline of effective measures taken by QMB as a Financial Service Provider in the area of healthcare services since 2017:
Past Due loan Repayments: QMB’s balance ratio of deferred loan repayments that has not been made as of its due date is only less than 1%!
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!
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