Iran sukuk

EghtesadOnline: Three of Middle East Mines Industries Development Holding Company’s subsidiaries plan to issue 10.6 trillion rials ($219.64 million) of Islamic bonds to finance their expansion projects, an official with Securities and Exchange Organization said.

EghtesadOnline: The government is set to clear part of its debt to Social Security Organization by issuing up to 50 trillion rials ($1.1 billion) of debt securities, the first batch of which was issued on the capital market by Amin Investment Bank on Sunday.

EghtesadOnline: Since seven years ago when the Law of Developing Financial Instruments and Entities was passed in the parliament, more than 157 trillion rials ($ 3.76 billion) worth of Islamic sukuk have been issued in the Iranian capital market, the chief executive of the Capital Market Central Asset Management Company.

EghtesadOnline: The value of Islamic bonds issued in Iran’s capital market has reached 120 trillion rials ($3.17 billion), chief executive of the Central Securities Depository of Iran, Mohammad Reza Mohseni, said.

EghtesadOnline: The Iranian debt market witnessed the issuance of 83.6 trillion rials ($2.2 billion) of Sukuk in the last fiscal year (ended March 20, 2017), registering an over 92% growth compared with the year before, according to the head of Central Securities Depository of Iran, Mohammad Reza Mohseni.

EghtesadOnline: The Central Bank of Iran has finally stepped in and put a stop to the trading of the so-called Sakhab bonds by banks and delegated them to the Securities and Exchange Organization.