Qarz-al-Hassaneh Saving Account
By opening such an account, you deposit certain amount of funds with Refah Bank
in the form of Qarz-al-Hassaneh saving account. The bank allocates the balance
of these accounts, in the form of credit facilities to some social affairs, such
as marriage and its costs (including provision of first necessities), curing and
treatment, benevolent funds and meeting the emergency needs of the applicants.
No interest will be paid to the balance of these accounts; hence no interest
will be paid by the borrowers. The principal amount of the deposit can be
received upon demanding. You can open this account by crediting any desired
amount (at least IRR 100,000 and more).
If you meet the minimum balance of the account (IRR 100,000), you are able to
attend in the annual award ceremony of Qarz-al-Hassaneh accounts and enjoy the
cash and non-cash awards provided by Refah Bank if you win.
For your convenience, Refah Bank has provided the services of saving
on-line accounts as well. By opening this kind of account, you are not just a
client of one branch, and you are known in all the branches, equipped with this
system, while being able to draw and receive certain amounts from and to your
account at the soonest possible time, all over the country.
Merits of opening Qarz-al-Hassaneh Saving Accounts for the customers:
1- Helping those, who are in need, while enjoying the spiritual
rewards of granting Qarz-al-Hassaneh to others
2- Attending in the Bank's annual award ceremony to win thousands cash and
3- Being in priority in receiving variety of credit facilities
Award Ceremony of saving accounts awards
The award ceremony is held annually and the determined awards are granted to the
lucky winners. This ceremony is held at the presence and under the supervision
of the bank's representatives, representative of I.R.Iran General Prosecutor,
representative of the Ministry of Economy and Financial Affairs and Central Bank
of Iran. The public will be informed of the time and place of the ceremony
through widely-circulated newspapers. Furthermore, based on the pre-determined
arrangements, the account holders can attend in this ceremony.
Terms and conditions of attending the award
The minimum amount to attend such ceremony is IRR 100,000 and
every IRR 50,000 will be scored per day. To take part in the ceremony, having at
least IRR 100,000 balance in the last day of the opening period or completion of
the balance provided that IRR 100,000 is maintained for 90 successive days is
The provision of receiving awards is the maintenance of the balance of the
account on the date of holding ceremony, while at least IRR 100,000 should be
sustained for 3 successive months since the initial day until 89 days after the
last day of opening account or completion of the balance.
1- Being at least 12 years old (for those less than 12, their
father, mother or their legal guardian can open the account)
2- Presenting the original and copy of the pictured ID and National card
3- Two photos (for the illiterate)
4- Filled-in the related application form in the branch
5- Presenting the name & family name, and stamp and finger print for blinds,
handicapped, and illiterates