Qarz Al-Hasaneh Mehr Iran Bank

Qarz Al-Hasaneh Mehr Iran Bank (also known as QMB or Bank Qârzalhesinuh-e Miher-e Iran) is Iran's first and largest specialized Qard al-Hasanah bank, providing interest-free loans in accordance with Islamic Shariah principles. As an Iranian financial services and banking company, QMB specializes in offering retail services, investment management, and Gharz al-Hasna (benevolent loan) facilities to applicants from all walks of life.

The bank was established with the specific mission of empowering impoverished families and disadvantaged groups with poor credit, helping to eradicate poverty and economic deprivation, particularly in deprived areas of the country. QMB generates income by charging modest service fees (an annual rate of zero-to-four-percent) rather than interest, covering administrative charges and operational costs while adhering strictly to Islamic banking principles. The bank was selected as the third top bank in the Islamic world in 2018.