▁to ▁the ▁Iran ian ▁workers . ▁Those ▁services ▁included ▁collection ▁of ▁ins urance ▁prem iums , ▁payment ▁of ▁sal aries ▁and ▁p ensions , ▁mort g ages ▁and ▁personal ▁lo ans . ▁Bank ▁Ref ah ▁was ▁categor ized ▁as ▁a ▁non - com mer cial ▁bank ▁until ▁it ▁was ▁national ized ▁in ▁ 1 9 7 9 ▁less ▁than ▁a ▁year ▁after ▁the ▁Islam ic ▁Revolution . ▁With ▁the ▁National ization ▁law ▁passed ▁by ▁the ▁Islam ic ▁Maj lis ▁of ▁Iran , ▁the ▁bank ' s ▁ownership ▁was ▁transferred ▁to ▁the ▁government . ▁It ▁was ▁also ▁rec ategor ized ▁as ▁a ▁commercial ▁bank . ▁ ▁O wn ership ▁In ▁accord ance ▁with ▁article ▁ 3 9 ▁of ▁Iran ' s ▁ 1 9 5 9 ▁fis cal ▁budget , ▁Bank ▁Ref ah ' s ▁initial ▁capital ▁was ▁ 4 0 0 , 0 0 0 , 0 0 0 ▁Iran ian ▁R ial s ▁( just ▁over ▁US $ 5 . 7 ▁million ) ▁fully ▁fund ed ▁by ▁the ▁Iran ian ▁Social ▁Security ▁Organ ization . ▁Although ▁the ▁bank ▁was ▁national ized ▁in ▁ 1 9 7 9 , ▁its ▁management ▁was ▁returned ▁to ▁the ▁Social ▁W elf are ▁Organ ization ▁( now ▁known ▁as ▁the ▁Ministry ▁of ▁W elf are ▁and ▁Social ▁Affairs ) ▁in ▁ 1 9 9 3 . ▁In ▁March ▁ 2 0 0 1 , ▁the ▁bank ' s ▁capital ▁was ▁raised ▁to ▁R ls ▁ 1 , 9 6 1 ▁Bill ion ▁( appro xim ately ▁US