The Central Bank of Iran issued the Sharia Council’s report concerning the use of E-Wallet in Iran on 30 Dec. 2020 as follows:

1- It is allowed to use both borrowing and power of attorney contracts for the electronic wallet instrument.

2- In case of using the borrowing contract, the amount in the wallet becomes the property of the credit institution, so the profits obtained from this place belong to the credit institution.

3- In case of using the power of attorney contract, the amount in the wallet and the profits obtained from this place belong to the owners of the wallet.

4- It is necessary in the contracts whose pillars are credit institutions, managers and wallet holders the sharia relationship between the parties to be transparently defined to provide wallet service.

5- Receiving the real fee for providing wallet service is allowed by the credit institution.