# Karafarin Bank

> Source: https://docs.barcoder.ai/docs/wallets/karafarin-iran
> research date 2026-06-01 · extracted at 2026-10-03
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [Karafarin — official](https://karafarinbank.ir/)

## Key details

- **Launch:** 1999

## Overview

**Karafarin Bank** is **Iranian private commercial bank** + **Iranian retail + institutional investors free float via Tehran Stock Exchange TSE** + **one of Iran's mid-sized private commercial banks** + **founded 1999 in Tehran Iran as Karafarin Credit Institution then 2002 Karafarin Bank full commercial banking license as one of Iran's first post-Revolution private commercial banks** <sup>[1][1], [Iran, Islamic Republic of report](https://docs.barcoder.ai/docs/payments/IR)</sup>.

## History

**1999 — Karafarin Credit Institution founded in Tehran Iran**.

**2002 — Karafarin Bank full Central Bank of Iran CBI commercial banking license as one of Iran's first post-Revolution private commercial banks under Khatami-era Iranian banking liberalisation** distinctive Iranian private banking heritage.

**2014 — Karafarin Mobile banking app launch**.

## Ownership & operator

**Operating entity**: **Karafarin Bank** (Iranian private commercial bank).

**Major shareholders**: **Iranian retail + institutional investors free float via Tehran Stock Exchange TSE**.

**Regulators**: **Central Bank of Iran CBI Bank Markazi Jomhouri Islami Iran**.

## Technical integration

Karafarin Mobile app (Android primary; iOS limited due to US sanctions on Apple App Store distribution in Iran) + karafarinbank.ir online + Karafarin Bank branch network across Iran + Karafarin Shetab cards (Iranian national card scheme); Shetab Iranian national interbank payment processing system + Shaparak QR Iranian national QR payment scheme + Iranian Rial IRR domestic transfers.

## Implementations & partners

**Major Iranian banking + payments competitors**: [Bank Melli Iran](https://docs.barcoder.ai/docs/wallets/melli-iran) (Bank Melli Iran BMI) + [Bank Saderat Iran](https://docs.barcoder.ai/docs/wallets/saderat-iran) (Bank Saderat Iran BSI) + [Bank Mellat](https://docs.barcoder.ai/docs/wallets/mellat-iran) (Bank Mellat) + [Bank Tejarat](https://docs.barcoder.ai/docs/wallets/tejarat-iran) (Bank Tejarat) + [Parsian Bank](https://docs.barcoder.ai/docs/wallets/parsian-iran) (Parsian Bank) + [Bank Pasargad](https://docs.barcoder.ai/docs/wallets/pasargad-iran) (Bank Pasargad) + [Refah Kargaran Bank](https://docs.barcoder.ai/docs/wallets/refah-iran) (Refah Kargaran Bank) + [Bank Maskan](https://docs.barcoder.ai/docs/wallets/maskan-iran) (Bank Maskan).

**Regulators**: Central Bank of Iran CBI Bank Markazi Jomhouri Islami Iran.

## Status

**Active, Iranian private commercial bank + Iranian retail + institutional investors free float via Tehran Stock Exchange TSE + one of Iran's mid-sized private commercial banks + founded 1999 in Tehran Iran as Karafarin Credit Institution then 2002 Karafarin Bank full commercial banking license as one of Iran's first post-Revolution private commercial banks** <sup>[1][1], [2][2]</sup>.

## Sources

[1]: https://karafarinbank.ir/ "Karafarin — official"
[2]: https://en.wikipedia.org/wiki/Karafarin_Bank "Karafarin — Wikipedia"
[ir-cro]: https://docs.barcoder.ai/docs/payments/IR

- [1] [Karafarin — official][1]
- [2] [Karafarin — Wikipedia][2]
- <sup>[Iran, Islamic Republic of report](https://docs.barcoder.ai/docs/payments/IR)</sup> In-corpus: `reports/countries/IR-iran.md`

## Source

Biography extracted from [karafarin-iran.md](https://docs.barcoder.ai/source/wallets/karafarin-iran). See `matrix.md` for standards-support matrix if present.