Irans finance ministry has issued a notice allowing the repayment of sukuk, debt bonds that are compliant with Islamic financial principles, through the use of export crude. The ministry said on Sunday that sukuk holders whose bonds mature before May 2021 could apply to receive the equivalent of their bonds and their interest in crude cargoes. The ...

SHANA - The First Vice President, Eshaq Jahangiri, signed off on the executive bylaws for the issuance of Islamic compliant securities (Sukuk) in the calendar year of 1399 (which began on March 20) to be enforced by the relevant organs. According to Dolat.ir, with the approval of the Executive Bylaws of issuance of the securities in the year,...

Financial Tribune - The main index of Tehran Stock Exchange, TEDPIX, rose 280,420 points, or 156.9%, since the beginning of the current fiscal year that ends in March until the end of last trading session on Wednesday (Feb 12). About 3,960.28 trillion rials ($28.69 billion) worth of shares and securities were traded in more than 90.2 million deals ...

Press TV - Iranian commercial banks and financial institutions owe the central bank of the country a total of $15.5 billion, according to a report which disputes government claims it has managed to reduce borrowing from its coffers by nearly a third. The report published on Sunday by the semi-official Fars news agency said total debt created by ...

Tehran Times - According to the latest ratification of the parliament, Iranian oil ministry is permitted to issue up to $3 billion of sharia compliant bonds, known as Sukuk, Shana reported on Wednesday. Once being approved by the Iranian cabinet, the oil ministry can issue rial-dominated or foreign exchange-reliant Sukuk via the Iranian state-run ...