$ 2 5 0 M ) ▁of ▁which ▁close ▁to ▁ 9 4   percent ▁was ▁paid ▁by ▁the ▁Iran ian ▁Social ▁Security ▁Organ ization . ▁The ▁bank ▁currently ▁own s ▁a ▁subs idi ary ▁in ▁Bel arus , ▁known ▁as ▁O ner bank ▁ ▁San ctions ▁On ▁ 6 ▁September ▁ 2 0 1 3 , ▁the ▁European ▁General ▁Court ▁in ▁Luxemb ourg ▁ruled ▁to ▁ann ul ▁the ▁European ▁Union ▁san ctions ▁in ▁place ▁since ▁ 2 0 1 0 ▁against ▁the ▁bank ▁on ▁grounds ▁of ▁supporting ▁the ▁Iran ian ▁nuclear ▁and ▁miss ile ▁programs , ▁as ▁the ▁EU ▁had ▁failed ▁to ▁explain ▁the ▁reasons ▁for ▁the ▁san ctions . ▁> ▁As ▁of ▁ 2 0 1 6 , ▁the ▁EU ▁asset ▁free ze ▁was ▁still ▁in ▁effect . ▁ ▁Islam ic ▁bank ing ▁ ▁All ▁banks ▁in ▁Iran ▁must ▁follow ▁the ▁bank ing ▁principles ▁and ▁practices ▁described ▁in ▁the ▁Islam ic ▁bank ing ▁law ▁of ▁Iran ▁passed ▁in ▁ 1 9 8 3 ▁by ▁the ▁Islam ic ▁Maj lis ▁of ▁Iran . ▁According ▁to ▁this ▁law , ▁banks ▁can ▁only ▁eng age ▁in ▁interest - free ▁Islam ic ▁transactions ▁( inter est ▁is ▁considered ▁as ▁us ury ▁or ▁r iba ▁and ▁is ▁forb idden ▁by ▁Islam ▁and ▁the ▁holy ▁book ▁of ▁Q ur an ). ▁These ▁are ▁commercial ▁transactions ▁that ▁involve ▁exchange ▁of ▁goods ▁and ▁services ▁in ▁return ▁for ▁a ▁share ▁of ▁the ▁assumed ▁" pro fit ". ▁All ▁such ▁transactions ▁are ▁performed ▁through ▁Islam ic ▁contract s , ▁such ▁as