Depository Bonds Not on the Agenda Now , CBI Says

The Central Bank of Iran in a statement Wednesday said it so far has no plan to issue the so-called “Wadia” or depository bonds.
The statement, seen on the CBI website, came in the follow-up to a speech by Akbar Komijani, the CBI boss, during the Islamic Banking Conference held in Tehran on Tuesday.
“CBI’s Council for Islamic Jurisprudence has approved issuing Wadia bonds” along with other banking and financial instruments, he said.
The council oversees banking operations’ compliance with Islamic law and usury-free banking.