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$22m Monthly Interest Due on Iranian Sukuk

$22m Monthly Interest Due on Iranian Sukuk$22m Monthly Interest Due on Iranian Sukuk

The Central Securities Depository of Iran—the body in charge of handling securities—is processing 792 billion rials ($22.5 million at market exchange rates) as interest for 15 Islamic bonds or sukuk in the current Iranian month (started July 22). On the list are five corporate Ijarah bonds, three municipal and five corporate Musharakah bonds, along with an Oil Salaf sold last year and a certificate of deposit, SENA reported.  There are 60 bonds on offer in Iranian securities markets right now; interest coupons on them are paid either monthly or quarterly.

Financialtribune.com