Investigating the performance of Qarzat al-Hasna institutions in production as micro-financing institutions in Iran

The purpose of this study was to investigate the performance of Qarzat al-Hasna institutions as microfinance institutions in Iran. For this purpose, the statistical information of the country's banking system in the period 2009 to 2020 and the panel data method were used. In order to estimate this relationship, diagnostic tests were performed on the research variables and finally the experimental model was estimated using the panel data method with fixed effects. The results showed that Gharz al-Hasna facilities had a positive and significant effect on the production of various economic sectors. In addition, bank size variables as well as money supply as a measure of monetary policy have also had positive effects on output. On this basis, it is suggested that the policies of providing loans inbanks should be shifted to start-up and self-employed businesses.