QMB at a glance
Having extended entirely on goodwill basis, with a benevolent concept of the role, The Qarz Al-Hasaneh Mehr Iran Bank, abbreviated as QMB, is Iran's first highly specialized full-fledged Islamic bank specifically engaged in providing a micro-loan called “Gharz Al-Hasanah” “Qard al-Hasan” or “Qard Hasan” (translates literally into an interest-free ‘good loan’) which is absolutely interest-free. 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
Feeling a special sense of responsibility towards Iranian students, QMB allocated the sum of 320 billion IR Tomans Higher Education interest-free Loans aimed at deserving students from across the nation intending to continue their tertiary education:
In what is seen as a Good Solid Performance in 2017-2018 and a Dramatic Gesture to help promote entrepreneurship to bolster employment and support for Iranian Products in line with guidelines suggested by the Leader of Islamic Revolution who designated the Iranian year 1397 as the “Year of Support for Iranian Products”:
QMB has lately received plenty of positive reinforcement from high-ranking government officials for taking necessary measures to provide an interest-free Micro-Loan to the needy making do with just bare necessities of life!
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.
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