Implementation of the “Islamic financing” model by the Workers’ Welfare Bank

According to the monetary news, quoting the public relations of the Workers ‘Welfare Bank, Ismail Allahgani, CEO of the Workers’ Welfare Bank, said this on the sidelines of a visit to the central branch of Islamshahr, adding: “This model is being piloted in 7 provinces with high unemployment After solving the possible problems, it will be implemented by the country.
He added: “Soon, by inviting the governors of the 7 mentioned provinces and explaining the mechanism and process of the Islamic financing model by the Workers’ Welfare Bank, the executive operation will officially begin in the form of public participation.”
Dr. Allahgani, stating that the “Islamic financing” model is implemented for the first time in the country, noted: A specific working group has been formed in order to properly and standardize this model in the Workers’ Welfare Bank to review various aspects of work It is necessary to provide the executive model in order to promote the dynamism and transparency.
He said that the participants in the Islamic financing model of the Workers’ Welfare Bank share in the profits and losses of the projects, adding: “In order to properly implement this model, we have corresponded with a number of great scholars and are collecting opinions to implement this.” The model has no suspicion of usury.
The CEO of Kargaran Welfare Bank stated: “By providing capital, working units, completing semi-finished units and constructing new units in the framework of the Islamic financing model of the Welfare Bank, economic prosperity will be formed in the country and we will see sustainable employment development.”