Loans & Credits
Post bank Iran announces its readiness for granting loans
and facilities to various economic sectors such as trading, services, housing,
construction, agriculture, industry and mining in Islamic contract framework as
follows:
■
Musharaka/ Civil Participation (Construction, working capital)
■
Mozarebeh
■
Debt Purchase
■
Letters of Credit (Domestic)
■
Issuanc of different letters of Guarantee
■
Gharz-ol-hassaneh
■
Installment sales
■
Joalah
Special services:
■ Payment of Pension and salary
■ Payment of Justice Share
Profit
■ Agent of government subsidy’s
Payment to Iranian families
■
Acting as different companies’ Sales Agency (C.O.D)
■
Receipt and Payment of (Bill of Lading) fees
■ Fund Transferring through
Automated Clearing House (ACH)
■
Participatory Bonds Selling and Purchasing through TABA system
(SSSS)
Persons who may use these facilities
Natural persons and those companies whose major of their
share capital is owned by a private sector or cooperative.
Sectors who may use these facilities
Industry, mine, agriculture, transportation and export of
technical and engineering services and other services (including tourism) and ICT
Finance
As commonly known in Iran, finance refers to providing
financial resources needed for execution of projects and purchasing equipment
for manufacturing (capital) projects as well as technical and engineering
services of the projects, by using short-term foreign credit facilities
according to the financial contracts concluded with foreign financers.
Acceptable Activities
Execution of new infrastructural/manufacturing projects and
development plans,
Purchasing technology and capital equipment as well as
technical and engineering services,
Qualified Persons
Public/Private legal persons
Refinance
Refinance credit is a credit paid under a short-term credit
line established between two banks or financial institutions under an
agreement. Through this credit line, the price of the goods transacted between
the buyer (applicant) and supplier (beneficiary) is paid to the supplier at the
time of presentation of shipment documents on cash (at sight) basis. The
opening bank (issuing bank) will then receive from the buyer and repay the
amount paid to the seller by the corresponding bank (financer), plus the related
interest one year later.
All manufacturing and trading importers may open refinance
documentary credits by using the maximum one-year interbank credit line in
order to import goods, raw materials, spare parts, machinery of the production
lines and services.