Survey Effects Legal Collateral in the Banking System in Iran

Abstract

A wide range of activities in the interest-free banking system in the conventional
banking system is used accordingly, allocation of resources. Based on the statutory and regulatory provisions , the main task of wandering and a stagnant community banks attract funds and allocating them to meet the financial needs of individuals and financial institutions in the economic system, the objectives and programs of the society. The present system of banking , and the allocation of resources under legal regulations and on the basis of contracts take place
. Most applicants through the grant facility will be provided in the form of legal transactions and contracts are allowed . In order to ensure the return of bank facilities granted to customers attempting to grasp the valid records found in the case of non- payment at maturity of the debt or perform the obligation is due, his quest for a place to demand records . The systems and procedures related to obtaining collateral against the loan , and is worthy of favorable characteristics , in that case , not only reduced the risk of banks .