25th May 2022
    • Qarz Ul-Hasaneh (non-interest bearing) loans
      Qarz Ul-Hasaneh loans
      Its a contract based on which the bank (as the lender) assigns a certain amount of money, based on the regulations mentioned in this instruction, as a loan people whether legal or real for the following requests:
      • Providing Necessary needs of real people.
      • Costs of marriage and preparing dowry (jihaz).
      • Diseases treatment costs.
      • Accommodation preparation and repairs.
      • Scholarship.
      • Emergency needs.
      Special Qarz Ul-Hasaneh loans:
      In case of opening Special Qarz Ul-Hasaneh account by companies and organizations, Shahr bank will assign loans to people introduced by these companies. The minimum deposit amount for opening a Special Qarz Ul-Hasaneh account is 10 million Rials and the maximum amount of Special Qarz Ul-Hasaneh loans through that account is 3million Rials and the maximum amount of loans through this account is one billion five hundred million Rials with a five-year repayment maturity.
      Marriage Qarz Ul-Hasaneh loan
      In order to assist marriages and sharing in this good deed as prophet Mohammads Godly tradition, Shahr bank assigns a non-interest bearing loan with maximum amount of 30 million Rials to each marriage partner based on the rules and regulations.
      Qarzul-Hasaneh loans from deposited funds: (if fund is deposited by a depositor)
      Shahr Bank assigns loans, in form of Qarz Ul-Hasaneh or Specific contents mentioned in the contract, to recommended people with certain specifications which are determined by the fund depositor.
      Required documents:
      • Written application (by the applicant).
      • A reference from the institutions which have a quota in "Marriage loan of the Central Bank" website.
      • Other documents (depending on the application, kind of loan, confirmation of the credit approval reference).
      Procedure Stages:
      • Receiving a written application and required documents.
      • Checking the application and approving the credit based on the submitted authority by the banks competent references.
      • Receiving an acceptable pledge by the bank.
      • Making the Qarz Ul-Hsaneh contract.
      • Granting the Qarz Ul-Hasaneh loan