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Shetab Banking System
Shetab (), officially the Interbank Information Transfer Network (), is an electronic banking clearance and automated payments system used in Iran. The system was introduced in 2002 with the intention of creating a uniform backbone for the Iranian banking system to handle ATM, EFTPOS and other card-based transactions. Prior to its introduction, some Iranian banks were issuing cards that only worked on the issuing banks ATMs and POS machines. Since the introduction of Shetab, all banks must adhere to its standards and be able to connect to it. Furthermore, all issued credit or debit cards must be Shetab capable. As of the end of 2017, the Shetab system had 54,300 ATMs connected to it. History Shetab was introduced in 2002, and now all card issuing banks in Iran are required to connect to the system. In 2002, when the system was introduced there were at approximately 2.8 million domestic debit cards in circulation, of those approximately 530,000 were capable of using the Shetab sys ...
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Iran
Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmenistan to the north, by Afghanistan and Pakistan to the east, and by the Gulf of Oman and the Persian Gulf to the south. It covers an area of , making it the 17th-largest country. Iran has a population of 86 million, making it the 17th-most populous country in the world, and the second-largest in the Middle East. Its largest cities, in descending order, are the capital Tehran, Mashhad, Isfahan, Karaj, Shiraz, and Tabriz. The country is home to one of the world's oldest civilizations, beginning with the formation of the Elamite kingdoms in the fourth millennium BC. It was first unified by the Medes, an ancient Iranian people, in the seventh century BC, and reached its territorial height in the sixth century BC, when Cyrus the Great fo ...
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United Arab Emirates
The United Arab Emirates (UAE; ar, اَلْإِمَارَات الْعَرَبِيَة الْمُتَحِدَة ), or simply the Emirates ( ar, الِْإمَارَات ), is a country in Western Asia (The Middle East). It is located at the eastern end of the Arabian Peninsula and shares borders with Oman and Saudi Arabia, while having maritime borders in the Persian Gulf with Qatar and Iran. Abu Dhabi is the nation's capital, while Dubai, the most populous city, is an international hub. The United Arab Emirates is an elective monarchy formed from a federation of seven emirates, consisting of Abu Dhabi (the capital), Ajman, Dubai, Fujairah, Ras Al Khaimah, Sharjah and Umm Al Quwain. Each emirate is governed by an emir and together the emirs form the Federal Supreme Council. The members of the Federal Supreme Council elect a president and vice president from among their members. In practice, the emir of Abu Dhabi serves as president while the ruler of Dubai is vice pre ...
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Tejarat Bank
Tejarat Bank (Persian: بانک تجارت, ''Bank Tejarat'', ''Mercantile Bank'' also "Commerce Bank") is an Iranian Bank. History (1887 – 1995) In 1887 a British bank named The East Modern Bank (Bank Jadid Sharq) established branches in some cities of Iran such as Tehran, Tabriz, Rasht, Mashhad, Isfahan, Shiraz, and Bushehr. In 1888, on the basis of a 60-year concession awarded to Baron Paul Reuter (the founder of Reuters News Agency) by Naser od-Din Shah, (Qajar shah of Iran: 1848-96), the facilities of The East Modern Bank were assigned to Bank Shahanshahi. The dealing center in Tehran and the bank were recognized under the laws of Britain, and London was its main center. This bank established some branches in other cities of Iran, and also in various other countries. The exclusive privileges of publishing paper money, tax exemption, performing commercial-industrial affairs, profiting from all subterranean resources, etcetera was awarded to the mentioned bank. Concent ...
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Refah Bank
Bank Refah Kargaran, also known as Bank Refah (in fa, بانک رفاه, ''Bank Refah''), is one of Iran's major banks. Bank Refah, with its headquarters in Tehran, Iran, is a retail commercial bank owned and controlled by Social Security Organization of Iran. Bank Refah provides a full range of products and services to more than a million clients. Its SWIFT address is REFAIRTH. History The workers' bank Bank Refah was established in 1960 to provide basic banking services to the Iranian workers. Those services included collection of insurance premiums, payment of salaries and pensions, mortgages and personal loans. Bank Refah was categorized as a non-commercial bank until it was nationalized in 1979 less than a year after the Islamic Revolution. With the Nationalization law passed by the Islamic Majlis of Iran, the bank's ownership was transferred to the government. It was also recategorized as a commercial bank. Ownership In accordance with article 39 of Iran's 1959 fiscal b ...
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Bank Saderat Iran
Bank Saderat Iran (BSI) ( fa, بانک صادرات ایران, ''Bank Sadârat Iran'', lit. "Export Bank of Iran") is an Iranian multinational banking and financial services company headquartered in Tehran, Iran. It is Iran's largest bank. It was founded in Tehran in 1952 by the prominent Mofarrah and Bolurfrushan (also spelled Bolourforoushan) families, represented in the first board by Mohammad Ali Mofarrah and Mohammad Bolurfrushan and commenced operation on 13 November 1952 with a board of three directors and 20 employees. Bank Saderat Iran has around 3,500 offices in 12 countries and territories across Europe, the Middle East and Asia, and around 10 million customers. As of 30 June 2013, it had total assets of $59.110 billion. BSI has 28 international branches and services in 12 countries. History On 7 June 1979, after the Iranian Revolution, all Iranian private banks were nationalized, quite to the dismay of the founding families, and became state-owned. In 1980, ...
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Bank Maskan
Bank Maskan ( fa, بانک مسکن, ''Bank Mesken''), also known as the Housing Bank, is a bank in Iran. In 2008, the Central Bank banned all banks and other financial institutions, except for Maskan Bank, from providing residential mortgages. Structure Their subsidiaries include: *Housing Investment Company (; ''Šerkat Sarmāye Gozāri Maskan''), established 1991; they received the Iran National Quality Award (جايزه ملي كيفيت ايران) in 2004 History A new CEO Mahmood Shayan () was appointed in August 2020. See also *Banking and Insurance in Iran *Construction in Iran *Ministry of Housing and Urban Development (Iran) The Ministry of Roads and Urban Development ( fa, وزارت راه و شهرسازی, ''Vezārat-e Rāh-e va Shahrsāzi'') is an Iranian government body in charge of providing and regulating the country's transport infrastructure (including ... References External links * https://www.bank-maskan.ir/web/english Banks established ...
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Bank Keshavarzi Iran
Keshavarzi Bank ( fa, بانکِ کشاورزی, ''Bank-e-Keshavarzi''), (meaning: Bank of Agriculture) also known as Agribank, is a major Iranian banking establishment offering retail and commercial services. The company was established in 1933 and as a Farming and Industrial Bank. Currently, the bank serves as the only specialized financial institution in the agricultural sector that holds over 1800 branches nationwide and finances nearly 70% of the Iranian agricultural sector. While established in Tehran, the bank operates throughout the nation with over 16,000 employees and 1800 branches. The bank currently specializes in providing credit facilities for agricultural development and other rural development activities. Operations The bank currently operates throughout the country, housing a total of 1800 branches. In addition to offering short and fixed deposit accounts for domestic and overseas clients, the bank provides letters of credit, treasury, currency exchange, cor ...
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Bank Melli Iran
Bank Melli Iran (BMI; fa, بانک ملی ایران, lit=National Bank of Iran, ''Bânk-e Melli-ye Irân'') is the first national and commercial retail bank of Iran. It is considered as the largest Iranian company in terms of annual income with a revenue of 364 657 billion Rials in 2016. It is the largest bank in the Islamic world and in the Middle East. By the end of 2016, BMI had a net asset of $76.6 billion and a vast network of 3.328 banking branches; so it is known as the largest Iranian bank based on the amount of assets. The brand of BMI was recognized as one of the 100 top Iranian brands in 10th National Iranian Heroes Championship in 2013. The National Bank has 3328 active branches inside, 14 active branches and 4 sub-stations abroad and it has 180 booths. The first managing director of BMI was from Germany. Also, the first foreign branch of BMI was opened in Hamburg, Germany in 1948. History The formation of a new bank was first proposed by Haj Mohammad Has ...
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Bank Sepah
Bank Sepah ( fa, بانک سپه, ''Bānke Sepah''), the first Iranian bank, was established in 1925 (corresponding to 1304 in the Iranian Calendar). Its first branch, in Tehran, opened that year. The bank also has branches in Frankfurt, Paris and Rome as well as a subsidiary, Bank Sepah International plc, in London. Sepah Bank has recently merged 4 other Iranian banks and 1 Credit Institution named: ''Ansar Bank, Mehr Eghtesad Bank, Hekmat Iranian Bank, Ghavamin Bank and Kosar Credit Institution''. History Bank Sepah was officially founded on May 4, 1925, with its first branch in Sepah st. in Tehran. Initially, an investment of 3,883,950 Iranian Rials was made from the military ranked personnel pension fund and the bank was set to exclusively provide military personnel with financial aids such as loans. With further increase in their domain of services, the headquarters for the bank was moved to a larger building in Homayoon st. Starting on March 15, 1926, with opening of ano ...
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UnionPay
UnionPay (), also known as China UnionPay () or by its abbreviation, CUP or UPI internationally, is a Chinese state-owned financial services corporation headquartered in Shanghai, China. It provides bank card services and a major card scheme in mainland China. Founded on 26 March 2002, China UnionPay is an association for China's banking card industry, operating under the approval of the People's Bank of China (PBOC, central bank of China). It is also an electronic funds transfer at point of sale (EFTPOS) network, and the only interbank network in China that links all the automatic teller machine (ATMs) of all banks throughout the country. UnionPay cards can be used in 180 countries and regions around the world. In 2015 the UnionPay overtook Visa and Mastercard in total value of payments made by customers and became the largest card payment processing organization (debit and credit cards combined) in the world surpassing the two. However, only 0.5% of this payment volume was ...
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JCB Co
JCB may refer to: * JCB (company), a British manufacturer of heavy industrial and agricultural vehicles * JCB Co., Ltd., originally Japan Credit Bureau, a credit card company based in Tokyo, Japan * JCB Prize, a literary award sponsored by the company JCB * "JCB" (song), a 2005 song by Nizlopi featuring a JCB excavator * ''Journal of Cell Biology'', a weekly biology journal published by the Rockefeller University Press * '' Journal of Crustacean Biology'', a quarterly biology journal specialising in carcinology * ''Juris Canonici Baccalaureus'', Bachelor of Canon law degree * University of Toronto Joint Centre for Bioethics, a research center * Jimmy Carl Black James Carl Inkanish, Jr. (February 1, 1938 – November 1, 2008), known professionally as Jimmy Carl Black, was a drummer and vocalist for The Mothers of Invention. Background and early career: 1960s–1990s Born in El Paso, Texas, Black was o ...
, American musician {{disambiguation ...
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Kuwait
Kuwait (; ar, الكويت ', or ), officially the State of Kuwait ( ar, دولة الكويت '), is a country in Western Asia. It is situated in the northern edge of Eastern Arabia at the tip of the Persian Gulf, bordering Iraq to the north and Saudi Arabia to the south. Kuwait also shares maritime borders with Iran. Kuwait has a coastal length of approximately . Most of the country's population reside in the urban agglomeration of the capital city Kuwait City. , Kuwait has a population of 4.45 million people of which 1.45 million are Kuwaiti citizens while the remaining 3.00 million are foreign nationals from over 100 countries. Historically, most of present-day Kuwait was part of ancient Mesopotamia. Pre-oil Kuwait was a strategic trade port between Mesopotamia, Persia and India. Oil reserves were discovered in commercial quantities in 1938. In 1946, crude oil was exported for the first time. From 1946 to 1982, the country underwent large-scale modernization, largely b ...
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