“The initial permissions for issuing IRIB’s manfaat sukuk to fund the broadcaster’s advertisement have been granted,” Amir Hamouni was also quoted by IRNA as saying.
Manfaat sukuk is a security stating one’s ownership of a certain service or future profits of a lasting commodity transferred for a certain price.
The security can help meet the businesses’ immediate need for liquidity with no access to an end-user to finance their operations, Financial Tribune reported.