Iran Capital Market will soon witness issuance of over IRR 10 Billion Sukuk for financing companies in a Shariah compliant structure

Securities and Exchange Organization (SEO) is willing to offer 10,000 billion Rials worth of an Islamic financial instrument known as Sukuk for financing numerous Iranian companies within next few weeks.

Gholamreza Abutorabi, Director of Central Asset Management Company told Securities and Exchange News Agency (SENA), the sums raised out of Sukuk offering will be allocated to boost Iranian companies in need of financing so that they can cope with ups and downs of the market more open handedly.

Most of the said Sukuks are in form of Musharakah Sukuk, Ijarah Sukuk and Murabaha Sukuk and traders can leisurely purchase them at Tehran Stock Exchange, he added.