News Category: Public
Register Date: Nov 27 2018
Publish Date: Nov 08 2018

Initial proposal to issue wakalah Sukuk in Iran

Iran capital market is planning to issue wakalah sukuk as a new financing mechanism for the companies

Securities and Exchange organization of Iran is considering structuring wakalah sukuk as a new shariah compliant financing instrument for the companies.
There have been some proposals sent to the SEO for consideration by Investment banks and advisors. However, the SEO is studying them and preparation of final proposal is on the table.
After which the final proposal is confirmed, the SEO shariah board should release its viewpoints about the structure and if it was approved as Shariah compliant, its issuance regulation should be finalized afterwards.

KeyWords: Wakalah Sukuk, Securities and Exchange organization, Shariah Board


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