Resalat Qarz al-Hasaneh Bank
Resalat Qarz al-Hasaneh Bank is a Tehran-based Iranian public joint-stock bank listed under ticker VASALAT (وسالت). Founded in 2012, it provides Qarz al-Hasaneh interest-free loans and digital banking services to individual and legal-entity customers. The bank is relevant to analysis of Iran’s retail credit, financial-access and remote banking infrastructure.
Operations & footprint
Products and services
Resalat Qarz al-Hasaneh Bank provides interest-free Qarz al-Hasaneh banking services, deposits, small loans, digital banking, mobile banking, internet banking, card services, payment services, customer onboarding, credit assessment, and remote banking processes focused on households, small borrowers, and community-based financial access.
Operations and assets
The bank operates through online account opening, internet banking, mobile banking and its virtual counter, mresalat.ir. Its stated capital is IRR 12,000 billion; the applicable reporting date is not specified.
Geographic footprint
Headquartered in Tehran, Iran.
Commercial and investment relevance
Resalat is relevant for investors studying Iran's household-credit layer, financial-inclusion infrastructure, small-loan demand, and digital banking adoption. It can help indicate where consumer liquidity pressure exists and how non-interest banking models distribute credit without conventional lending structures. In due diligence, the bank should be screened for disclosure quality, regulatory position, loan concentration, repayment behavior, and operational resilience of its remote-service model. For borrowers and business customers, Resalat provides an interest-free financing channel for eligible individual and legal-entity needs. For fintech, payment and service partners, its remote onboarding and virtual-service model is relevant to digital banking distribution in Iran.
Constraints, risk & compliance
Key risks and constraints
The bank’s operating model depends on credit assessment and repayment performance in low-commission Qarz al-Hasaneh lending. Its remote service delivery also concentrates operational importance in digital onboarding, mobile and internet banking, and virtual-counter availability.
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Frequently asked questions
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What does Resalat Qarz al-Hasaneh Bank do?
The bank provides Qarz al-Hasaneh interest-free loans, charging a stated 2% annual commission, alongside digital banking services for individual and legal-entity customers.
Is Resalat Qarz al-Hasaneh Bank listed?
Yes. The bank is listed under the ticker VASALAT (وسالت).
Where is Resalat Qarz al-Hasaneh Bank headquartered?
Its headquarters are in Tehran, Iran, on Azadi Street near Shadman Metro Station.
What digital services does the bank offer?
Its digital channels include online account opening, internet banking, mobile banking and the mresalat.ir virtual counter.