Economy, Business And Markets

Justice Share Interest

Justice Share InterestJustice Share Interest

Based on the parliament’s Tuesday ratification, investment companies are required to pay interests for the Justice Shares to the Iranian Privatization Company (IPO) until the last dividend. The Justice Shares were first introduced by the former president Mahmoud Ahmadinejad after he sped up privatization based on Article 44 of the Constitution. The shares were offered to low-income families, starting with the poorest. Under the Justice Shares plan, millions of Iranian families received shares in state-owned firms, the value of which was supposed to be reimbursed 20 years after the dividends were generated by those shares. The Justice Shares portfolio value stands at 960 trillion rials, of which 360 trillion rials belongs to the government.