Purpose: The main purpose of this research is to study and assess the socialimpact and likely outcomes of transferring the stocks of Refah bank on its various interested parties including workers, employers, Social Security Organization, Refah bank and other institutions.
Method: The present study is on the basis of applied research, using qualitativemethod and interview technique. Data implementation and analysis was performed using MAXQDA 10 quality analysis software in two stages of coding and categorization.
Findings: Findings show that the arguments of the agreed group are based ondistributing banking risk and preventing the managerial influence of the Social Security Organization on the Bank. While, those against the transfer believe on non-government public nature of Social Security Organization; and the need of the insurance organization to manage its funds and investments.
Conclusion: Finally, the study concludes that the separation of theRefahBankfrom the Social Security Organization may have positive results, but will also have indispensable social consequences that makes it unjustifiable. As a result, the legislator’s initial goals will not be achieved.