Qarz al-Hasna is not only one of the contracts approved by Islamic law; but also is a laudable social tradition. Qarz al-Hasna has a special place in the Islamic financial system, and in the financial system of the Islamic Republic of Iran, extensive financial institutions exploit the capacity of this contract. In the country banking network, along with commercial banks that receive deposits and pay facilities under the loan agreement, two banks, Qarz al-Hasna Mehr Iran and Resalat, have completely organized their operations based on the Qarz al-Hasna contract. Moreover, Qarz al-Hasna funds in the unorganized monetary market, are in charge of managing a part of Qarz Al-Hasna resources.
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