Iran’s Secondary Capital Market on Maturation Path

Since the 12th Iranian government took office in August 2017, issuing debt securities in unregulated markets has been banned and all debt securities must be issued within disciplined, regulated markets for further price discovery and transparency of trades. 
Therefore, secondary markets could conduct functional trades in order to prevent any further misconduct or proxy manipulative trades. 
Organizing such a secondary market for Islamic debt securities (sukuk) would prevent the escalation of high unofficial rates on financial instruments that could in turn be a threat to stock market returns as somehow it could negatively correlate with banking time-fix deposit volumes, which could affect liquidity measures in the market.