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*All religious holidays are based on the Lunar Islamic Calendar and National Holidays on the solar calendar. Hence, within one solar year some religious holidays are observed twice. Religious holidays are subject to change depending upon the official sighting of the moon.

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BANK HOLIDAYS
For the Iranian Year 1381

Please note that the normal weekend for banks, government offices and public organizations in the Islamic Republic of Iran is Thursday and Friday. However, many organizations are open half-day on Thursday.

OFFICIAL HOLIDAYS OF THE ISLAMIC REPUBLIC OF IRAN
For the Iranian Year 1381, During 2002-2003
1381 Noruz (New Year) Holidays 21-24 March* 2002, Thursday-Sunday
Religious Mourning (Assura - Martyrdom of Imam Hossein) 25 March* 2002, Monday
The Day of Islamic Republic of Iran 1 April 2002, Monday
The Day of Nature 2 April 2002, Tuesday
Religious Mourning (40th day of Imam Hossein's Martyrdom) 3 May* 2002, Friday
Religious Mourning (Demise of Prophet Mohammed and Martyrdom of Imam Hassan) 11 May* 2002, Saturday
Religious Mourning (Martyrdom of Imam Reza) 13 May* 2002, Monday
Religious Celebration (Birthday of Prophet Mohammed and Birthday of Imam Jaffar Sadegh) 30 May* 2002, Thursday
Official Mourning (Passing away of Imam Khomaini) 4 June 2002, Tuesday
Official Mourning (Bloody Revolt of 15th, Khordad, 1342) 5 June 2002, Wednesday
Religious Mourning (Martyrdom of Fatima) 12 Augost* 2002, Monday
Religious Celebration (Birthday of Imam Ali) 21 Augost* 2002, Saturday
Religious Celebration (Prophet Mohammed's Mission Day) 5 October* 2002, Saturday
Religious Celebration (Birthday of Imam Mahdi) 22 October* 2002, Tuesday
Religious Mourning (Martyrdom of Imam Ali) 26 November* 2002, Tuesday
Religious Celebration (Eid-e-Fetr) 1 December* 2002, Friday
Religious Mourning (Martyrdom of Imam Jaffar Sadegh) 30 December* 2002, Monday
Victory of Islamic Revolution 11 February 2003, Monday
Religious Celebration (Eid-al-Adha)  12 February* 2003, Wednesday
Religious Celebration (Eid-al-Ghadir) 20 February* 2003, Thursday
Religious Mourning (Tassua - Martyrdom of Imam Hossein) 13 March* 2003, Thursday
Religious Mourning (Assura - Martyrdom of Imam Hossein) 14 March* 2003, Friday
Nationalization of Oil Industry 20 March* 2003, Thursday

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Annotation

Bank Refah was founded in June 1960, in accordance with Note 39 of the previous year's Budget Law, with the aim of providing welfare and facilities in order to meet the workers' needs. Its initial investment of 400 million I.R.R. was designated by Social Security Organization. In 1979, following the bill on administration of banking affairs and nationalization of the banks, Bank Refah was considered as a commercial bank and in July 1993, it was being supported by S.S.O owning 46% shares of the bank.


Last Updated:   11 Dec 2007
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