Qarzad Al-Hasna facilities make up 10% of bank loans
In an interview with Iran Economist, Kurosh Parvizian said: Qarz al-Hosna is an important manifestation of Islamic banking, but currently its use in the total banking resources and needs of the society remains limited and is limited to 10%. and the needs that are met by Qarz Al-Hasna facilities in the society are between 7 and 10 percent.
He added: The main issue is the banking demand for people’s business and trade, investment and large investments needed for the economy, which are high figures, and these resources should be provided apart from Qarz Al-Hosna.
The head of the Council of Private Banks and Credit Institutions said: Currently, 85% of the financing of the country is done by banks, and other institutions such as the stock exchange and foreign investment can increase if the conditions are normal, and the financing from these two sources should be increased. increase by 30 percent.
Parvizian said about credit management in the banking network: Microloans and Qarz al-Hasnah cannot be monitored. When someone takes 100 million medical loans, he may spend it on something else, as in previous years many people took car loans, in such a way that the number of car loans was more than the car production capacity in the country, which shows that loans in the name of cars in It has been used elsewhere.
He added: Sometimes micro-facilities are used for other purposes, which should be solved in terms of usury-free banking regulations. By diversifying financing methods and giving credit cards to people, we can direct credit.
Regarding large loans, Parvizian said: Large industries that take large loans for development and completion projects and working capital must be monitored, this monitoring must be smart and online and monitor from the beginning to the end that the resources are spent on the same work. to be
He added: Currently, some people mistakenly think that credit management is the same as credit facilities, while because the rates of facilities in the market are different, the gap between the money rate in banks and the money rate in the market is large, and this issue is for consumption. Loans in other sectors create incentives that are exploited by some borrowers.
The head of the Council of Private Banks and Credit Institutions said: “The problem of big bank debtors who have taken the country’s resources in the form of foreign currency and Rials under various pretexts, but have spent them on other things, this is due to the difference in currency rates in the banking network and the open market.”
According to Parvizian, some people took the resources out of the country in an unscrupulous manner and instead of starting a business and creating jobs, they directed the resources abroad.
Regarding whether banks should partner with investors or whether their supervision should increase, he said: Every bank should work based on the license it received from the central bank. Currently, there is no classification and anyone can do whatever they want in any bank, while the work of a bank should be according to the license and the licenses are given in proportion to the capital, the shareholders and the capacity of the bank.
The Chairman of the Council of Private Banks and Credit Institutions continued: In the world, there are various types of development, commercial, capital, government, specialized, union, and regional banks, but in our country, the activities of banks are general, even the Agricultural Bank does commercial work, and the commercial bank He works in agriculture.
Regarding the formality of bank contracts, Parvizian said: “It is an important issue that our country is governed by the law of usury-free banking and its rules must be followed, but usury-free banking is different from Islamic banking.” The Islamic banking law has not been drafted in our country yet.
He added: There are different details of the banking law without usury and there are different opinions among jurists. A comprehensive law should be made and implemented.
The head of the Council of Private Banks and Credit Institutions considered the law of interest-free banking approved in 2063 to be different from Islamic banking and said: A new law is being reviewed in the parliament to move towards Islamic banking and Islamic contracts are currently not compatible with the needs of customers and the market. that Islamic contracts should be diversified according to the needs of the day.
Parvizian stated: The current contracts have problems in terms of structure, and the solution to that is the electronicization of banking network activities, and instead of employee-oriented, network-oriented should be replaced, and banking processes should be electronic so that people do not have the right to interpret and distinguish, so that a The employee accepts the invoice and the other does not.
He added: Some Islamic contracts, such as peace and reconciliation contracts, should be able to be implemented within the framework of the customer and the bank, but sometimes not all conditions are available, and the framework of bilateral, tripartite and more reconciliation should be used, and smart contracts should be created in the bank. . Instead of the contract being only bilateral, a multilateral contract can be established. For example, a buyer and a seller who do not know each other but need to exchange goods, so the buyer and seller make a contract with the bank and two banks exchange with each other, one receives the money instead of the seller and the other receives the goods instead of the buyer. .
The Chairman of the Council of Private Banks and Credit Institutions stated: In the exchange of buying and selling, instead of a bilateral contract, a four-way contract should be established between two individuals and two banks, and credit documents have been named in the International Chamber of Commerce, and these documents are based on the needs of businessmen in business and Jobs are exchanged between individuals and banks.
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