Qarzol-Hasaneh Mehr Iran Bank

Qarzol-Hasane Mehr Iran Bank
Public
Industry Banking, Financial services
Founded December 13, 2007
Founder Mahmoud Ahmadinejad, President of Iran
Headquarters No. 204 Taleghani st, Tehran, Iran
Number of locations
530 banches across Iran
Key people
Siamak Dolati, (CEO)
Services Consumer banking
Website web.archive.org/web/20141020050231/http://www.qmb.ir:80/

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.

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