Bonds to Be Accepted as Collateral by Iran Banks

The Central Bank of Iran has sent a directive to banks and credit institutions obliging agent banks to accept Islamic bonds as collateral from contractors of development projects.  
The measure had been proposed in the budget law of the current fiscal (March 2017-18) which also tasks the CBI with drafting regulations to implement the law.  
It refers to earlier CBI directives and emphasizes that accepting Islamic bonds as collateral follows a similar process as other securities traded on the stock market.