E-Wallet’s Criteria
Friday, 12 February 2021 15:24 CBI EWallet sharia principles 499
Gallery Image 1
The Sharia Council of the Central Bank of Iran reviewed the E-wallet’s criteria through various sharia aspects.

Dr. Hemati, Governor of the CBI, chaired the Sharia Council’s session regarding the E-wallet’s criteria in terms of the sharia principals on 13 Feb. 2021.

It is worth mentioning that the framework and rules of electronic wallet as one of the new products and services of the country's monetary and banking system has been compiled at the 9th session of the Monetary Council based on the canon approved by the Cabinet in November 2018 and the approval of Resolution 1299 in September 1399.

According to the above-mentioned criteria, banks and non-bank credit institutions can issue an electronic wallet based on an account and offer some payment services in the country's payment network through this instrument in order to facilitate micro-payments.

Prev Next
Tagged under
Login to post comments