Islamic Bond Sales Grow 58%
Islamic Bond Sales Grow 58%
Tuesday, April 10, 2018

Islamic Bond Sales Grow 58%

Tuesday, April 10, 2018

Islamic Bond Sales Grow 58%

Iran’s capital market raised over 132 trillion rials ($2.64 billion) through the issuance and sale of Islamic bonds in the last fiscal year (March 2017-18), indicating a 58% increase compared with the year before, the managing director of Central Securities Depository of Iran said. “The capital market plans to issue 32 trillion rials ($640 million) worth of sukuk in the new fiscal year (started March 21). The money raised through these securities will be used in development projects in pharmaceutical, automotive, aviation, oil, steel, communications and rail industries,” Gholamreza Aboutorabi added. Over 247 trillion rials ($4.94 billion) worth of sukuk have been issued in Iran ever since their inception in the capital market, IRNA reported.


Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Short URL : https://goo.gl/CfNYct
  1. https://goo.gl/zhfjYW
  • https://goo.gl/9c9uEB
  • https://goo.gl/p7bypW
  • https://goo.gl/9ZT9AY
  • https://goo.gl/SDK1in

You can also read ...

Big Benefits of a German ‘Iran Bank’
Since US President Donald Trump pulled out of the nuclear...
Islamic Bonds Worth $25m Issued for  Locomotive Manufacturing
Some 1.05 trillion rials ($25 million) worth of Islamic bonds...
Audi Names New Leader After CEO Arrested
Audi has tapped its top sales executive to lead the company...
Structural Reforms in Banks  to Help Ensure Fiscal Stability
The second and final day of the Conference on Monetary and...
Hyundai Elantra
After local media reported that the South Korean carmaker...
Two-Month Auto Parts Import Bill: $468m
Iran’s auto parts import bill for the first two months of the...
Kerman to Host 2 Int’l Mining Expos Next Week
The Sixth International Exhibition of Mining, Mineral...
IRIR Unveils Suburban Rail Expansion Plans
The Islamic Republic of Iran Railways plans to expand suburban...

Add new comment