CBI to Revise Islamic Banking Law
Tehran, Aug. 21 (SENA) - It’s been two years now that the Central Bank of Iran and the parliamentary economic committee have been working to revise the country’s Islamic banking law, a member of the CBI’s Fiqh Council revealed this week.
Aug 26 2017
Sukuk in Iran’s Capital Market Top $3b
Tehran, Aug. 19 (SENA) - 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.
Aug 26 2017
Central Bank Pursuing IFSB Conformity
Tehran, Aug. 08 (SENA) - In line with making up for lost time during the sanctions era and complying with banking standards, the Central Bank of Iran has been striving to conform to Islamic Financial Services Board standards in recent years, the CBI vice governor said.
Aug 26 2017
Shariah Board of Securities and Exchange Organization released its resolution about Murabaha Sukuk
Murabaha sale is a kind of sale contract in which the seller informs the cost price, including purchase price, transportation, maintenance and all other related costs to the customer and asks for a certain excess amount or percent as his/her profit. Muslim researchers have recently designed a kind of security called Murabaha sukuk by using the characteristics of Murabaha sale and put it into operation in a number of Islamic countries, including Malaysia.
Jul 16 2017

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