Sukuk
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Sizeable Growth in Sukuk
EghtesadOnline: Islamic sukuk issued by private companies posted substantial growth in the first half of the current fiscal year (March 21-Sep.22).
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Iran Gov’t to Sell $360m Sukuk Bonds
EghtesadOnline: The Ministry of Economy plans to sell Manfa’at Sukuk bonds worth 47 trillion rials ($361 million) on January 25 as part of financial measures to compensate budgetary needs in…
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Government to Issue $442m Sukuk Securities
EghtesadOnline: The government will issue 49.9 trillion rials ($442 million) in Manfa’at Sukuk securities for its budgeting needs for this fiscal year (March 2019-20).
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$26m Worth of Bonds to Fund Kish Infrastructure Projects
EghtesadOnline: The Securities and Exchange Organization has given the go-ahead to the High Council of Free Zones to issue 3,000 billion rials ($26.2 million) worth of sukuk (Islamic debt securities)…
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NIOC Will Issue Manfa’ah Sukuk to Fund Projects
EghtesadOnline: Head of the National Iranian Oil Company said it will issue Islamic debt security Manfa’ah sukuk on the stock market by early next month.
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Gov’t to Issue Bonds to Pay Back Loans on Iran Air ATR Planes
EghtesadOnline: The government’s Economic Council last week approved a proposal of Minister of Roads and Urban Development Abbas Akhoundi, based on which the government is to issue 10 trillion…
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$136m Worth of Sukuk to Fund Road Maintenance in Iran
EghtesadOnline: The government has given the go-ahead to Road Maintenance and Transportation Organization to issue 6 trillion rials ($136 million) of Islamic debt securities to finance its operations.
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Iran Issues Islamic Bonds Worth $25m for Locomotive Manufacturing
EghtesadOnline: Some 1.05 trillion rials ($25 million) worth of Islamic bonds (sukuk) have been issued to fund the manufacturing of 50 locomotives by Iran’s Wagon Pars Company, the roads and…
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Sukuk in Iran’s Capital Market Top $3b
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…
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Emaar Said to Pick Banks Including Standard Chartered for Sukuk
EghtesadOnline: Emaar Properties PJSC, the developer of the world’s tallest skyscraper in Dubai, has mandated 10 banks including Standard Chartered Plc for a benchmark-sized sale of Islamic bonds,…