The expansion of Qarzul-Hasnah makes the banking system reach social capital

According to the financial news, Mohammad Sheikh Hosseini, CEO of Tehseh Cooperative Bank, announced: The expansion of Karz al-Hasna will help the banking system to acquire social capital.

Sheikh Hosseini said at the Qarz al-Hasaneh banking conference at Imam Sadiq University (peace be upon him): The victory of the resistance front in the occupied territories is a very happy event and the freedom of Palestine will be fulfilled like many divine promises and traditions.

Sheikh Hosseini said: Qarz al-Hasaneh is one of the most important components of Islamic banking.

This banking official pointed out: The Cooperative Development Bank has paid due diligence in the implementation of many tasks based on loans and job creation, and the payment of loans for marriage of young people has been realized by 160% in the first six months of this year.

Sheikh Hosseini explained: While during the first half of the year 1402, the task of the Cooperative Development Bank was to pay 10 thousand billion Rials for the youth marriage loan, more than 16 thousand billion Rials have been paid in this sector.

He added: Charity activities and the tradition of Qarz al-Hasaneh have been popular among people for a long time, and people help each other in times of trouble and need through Qarz al-Hasaneh and other solutions.

Sheikh Hosseini emphasized: Qarz al-Hasaneh, like many good and good traditions, has been common among people, and people still adhere to many traditions and cultures.

He added: People’s interest in the tradition of Qarz al-Hasna is very high, and home loan funds are widely common among families. Excessive formalization of Qarz al-Hasna should not cause the strictness and complexity of this tradition, but by facilitating the conditions. And it is easy to take effective steps in expanding this contract.

This banking official advised: Setting up a platform based on digital banking and electronic banking can be a suitable tool for expanding Qarz al-Hasna loans among all sections of the society.

An expert on banking issues said: Inflation is considered as the cause of corruption in the economy, and just as it has a negative effect on all the pillars of the economy, it may also have a negative effect on the loan, however, the general public is based on the Qur’anic verse and God’s promises. They are interested in this marriage with blessings.

In this event, in order to honor the memory of Haj Mohammad Reza Estimadian, one of the Imam’s friends and leaders, and one of the founders of Qarz al-Hasna funds among tradesmen and marketers, and with the presence of Mohammad Hassan Abu Torabi, the Imam of Juma’ah in Tehran and the chairman of the board of directors of the Islamic Economy Organization of Iran, Mohammad Jafar Irani, a member of the Board of Directors of Tehseh Cooperative Bank and a number of directors and activists of Qarz al-Hasna funds, Ayatollah Gholamreza Misbahi Moghadam, a member of the Council of Experts and Chairman of the Jurisprudence Council of the Central Bank, Amir Mansour Barqai, Chairman of the Alavi Foundation, and Seyed Saeed Shamsinejad, the Bank’s Managing Director, were present. Qarz al-Hasna Mehr Iran also raised important issues.