Title: New Credit Initiative Unlocks Financial Potential for Justice Shareholders
A significant financial development is now enabling eligible Justice Shareholders to leverage their assets for credit access. This initiative, operational since mid-February 2021, provides a streamlined, non-attendance process for beneficiaries.
A New Financial Tool
The program allows shareholders to use their Justice Shares as collateral to obtain a dedicated credit card. This provides a valuable financial resource, directly linking national shareholding schemes with personal economic empowerment. Currently, two leading banks, Bank Melli and Bank Tejarat, have been officially designated to facilitate this service.
How the Process Works
The mechanism is designed with both accessibility and financial responsibility in mind. The shareholder’s Justice Shares are pledged as security to the bank. This collateral arrangement ensures the credit line’s stability. Should a shareholder be unable to settle the credit balance, the bank is authorized to liquidate the pledged shares to cover the outstanding amount, ensuring the integrity of the financial system.
Eligibility and Application Pathways
Access to this credit facility depends on the shareholder’s method of holding:
For Direct Shareholders:
- Must be registered and verified on the Sejam platform.
- The supervising broker for the shares must be the broker affiliated with one of the participating banks (Bank Melli or Bank Tejarat).
- The shareholder must not have previously sold their Justice Shares.
For Indirect Shareholders:
- Must be registered and verified on the Sejam platform.
- The trading symbol for their provincial investment company must be active and eligible for trading on the main market site.
- The shareholder must not be subject to any trading restrictions or have their shares frozen or already pledged.
- Must be registered on the online portal of the respective bank’s brokerage and have completed the process of changing their supervising broker.
Streamlined Digital Application
Eligible individuals can apply seamlessly through the dedicated mobile applications of the participating banks (Eva and Zomorod). After submitting a request and receiving a tracking code, applicants can monitor the status of their application and the activation of their card directly within the app. Prospective applicants are advised to first confirm their eligibility directly with the involved banks to ensure a smooth process.
This program represents a strategic step in enhancing the utility of the Justice Shares scheme, offering citizens a practical means to convert a static asset into active financial capital.