One of the most important risk management tools in financial markets is collateral. Considering the conditions of bank-oriented financing in Iran, it is important to examine the mortgage and collateral valuation system in the banking network; Because in calculating the ratio of capital adequacy and regulatory capital, which is the basis of the performance of banks and non-banking credit institutions and the policy of the monetary supervisory authority, the collateral value is very effective. Therefore, the policy maker should devote all his efforts to ensure that the supervisory capital is closer to the economic capital and that the overvaluation or undervaluation of securities does not prevent the realization of the political goals of the supervisory authority.
This is while in the banking system of the Islamic Republic of Iran, the verification system has not been systematically observed and evaluated. This research, after verifying the influence paths of collateral value on the banking operations of Iran according to the guidelines, sought to discover and extract the challenges of collateral valuation in the banking system of the Islamic Republic of Iran using the method of thematic analysis. For this purpose, by conducting semi-structured interviews with people who were selected through purposive sampling among experts, experts and managers and officials of banking operations of the Islamic Republic of Iran, the necessary information was provided to answer the research questions. After analyzing the interviews in the form of key sentences, 21 organizing themes were obtained, which resulted in 5 overarching themes after refinement