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The total debt of 11 state-run banks to the Central Bank of Iran has exceeded $32 billion in 2009, showing a 10-fold increase over the past four years. Bank Melli Iran (aka National Bank of Iran), with nearly $9 billion, had the biggest debt followed by Bank Sepah, Iran's oldest, with about $4.8 billion.
The Central Bank of the Islamic Republic of Iran (CBI; Persian: بانک مرکزی جمهوری اسلامی ايران, romanized: Bank Markazi-ye Jomhuri-ye Eslāmi-ye Irān; SWIFT Code: BMJIIRTH), also known as Bank Markazi, was established under the Iranian Banking and Monetary Act in 1960, it serves as the banker to the Iranian government and has the exclusive right of issuing banknote ...
Bank Melli Iran (BMI; Persian: بانک ملی ایران, romanized: Bânk-e Melli-ye Irân, lit. 'National Bank of Iran') is the first national and commercial retail bank of Iran. It was considered as the largest Iranian company in terms of annual income with a revenue of 364 657 billion Rials in 2016. [3] It is the largest bank in the ...
Location. Tehran, Tehran Province, Iran. Affiliations. Central Bank of Iran. Website. www.mbri.ac.ir. The Monetary and Banking Research Institute (MBRI) (formerly known as Monetary and Banking Research Academy (MBRA)) is the research arm of the Central Bank of Iran. [1]
Pasargad insurance company. The Pasargad Insurance Company (Persian: شرکت بیمه پاسارگاد) is an Iranian insurance company established by the Pasargad Financial Group to provide life and non-life insurance services. It has been operating since 2008 and has the most number of agencies in Iran. It has some of Iran's best-selling ...
Islamic banking, Islamic finance (Arabic: مصرفية إسلامية masrifiyya 'islamia), or Sharia-compliant finance[1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing and ...
It encompassed banking and insurance transactions (including with the Central Bank of Iran), shipping, web-hosting services for commercial endeavors, and domain name registration services. [5] Subsequent UN Resolutions have expanded sanctions against Iran. Over the years, sanctions have taken a serious toll on Iran's economy and people.
The Central Insurance of Iran is the financial regulatory agency in charge of regulating the Iranian insurance industry. Central Insurance was established to regulate, standardise and guide the local insurance industry. As of 2018, the agency regulated more than 25 insurance companies in Iran that work as a private companies and there is one ...