The Islamic bonds were issued by 14 governmental organizations and private companies, including Iran Planning and Budget Organization; Government Trading Corporation of Iran; Ministry of Economic Affairs and Finance; Ministry of Cooperatives, Labor and Social Welfare; Ministry of Science, Research and Technology; Mobarakeh Steel Company; Bank Maskan; Joopar Passenger and Freight Trains Company; RighTel; Mahan Air; Parsian Lotus; SAIPA; Bana Gostar Karaneh Company and Shargh Cement Company, SENA reported.
Sukuk are financial certificates like bonds that comply with Sharia or Islamic Law, according to Financial Tribune.