Regarding the new method of providing facilities to bank employees and households, seyed Abbas Mousavian, Member of the Sharia Council of the Central Bank and Vice Chairman of the Sharia Committee of the Securities and Exchange Organization, said banks sometimes use contracts to provide welfare facilities for households and their employees, which do not fit the real needs of households as well as the real needs of bank employees. For example, an employee is given a home repair reward loan, while he may not have any house at all and if that person has a house, he may not need to repair it at all.

The resolution of the Sharia Council on how to provide facilities to bank employees

The Vice Chairman of the Sharia Committee of the Securities and Exchange Organization announced the Murabaha contract is used to provide facilities to bank employees, stating banks can use those facilities to buy goods if they need them or banks buy a house if they need it or if they need a service such as repair service, use it.

He said such a resolution would put an end to fictitious invoices in the banking system, adding in fact, in such circumstances, banks are free to buy all kinds of goods and services that they really need. If this is implemented in the country's banking system, measures such as fictitious invoices and unrealistic transactions will be eliminated and there will be no need for them.

The interpretation of the Guardian Council’s enactment by the Sharia Council of the Central Bank

Regarding the resolution of the Sharia Council on the calculation of the obligation, Mousavian said this resolution is related to a long time ago. The Guardian Council's resolution relates to the amount of the obligation, which states that the borrower is obligated to pay his debts on time and if he fails to do, so he must pay an amount commensurate with the principal balance to the bank as an obligation.

Referring to some doubts that existed in some courts about this resolution of the Guardian Council, the member of the Sharia Council of the Central Bank stated recently, in some courts, doubts have been raised about the principle of debt balance, but the meaning of the principle of debt balance is the facilities granted by banks plus return on non-partnership agreements.

Mousavian stated in partnership agreements, the meaning of the principal of debt balance is the principle of facilities in addition to the benefits of those facilities. Therefore, the Sharia Council of the Central Bank interpreted the debt principle as the facilities which are granted, the return in partnership agreements and in non-partnership agreements.