New Platform to Monitor Work of Usury-Free Funds

The Central Bank of Iran on Tuesday unveiled a supervisory platform for monitoring the operation of Qarz al-Hasanah  (usury-free) funds. 
The Qarz al-Hasanah Comprehensive Network, or Shafaq in Persian, is developed in line with the Money and Credit Council's requirements.
"It supplies the funds modern tools and services to improve their performance while offering the CBI the prospect for live monitoring of funding operations," a press release on the CBI website said.