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Author: Mojde Rezaee

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Iranian Mutual funds

Iranian Mutual funds performed handsomely! – Daily Market News

by date: 26 May 2018in News & Reports No Comments

Iranian Mutual funds performed handsomely!

Market News

– According to a report on Iranian mutual funds’ performance, the total asset under management of said funds (AUM) reached more than IRR 1,530,000 bn (USD 36.43 bn) pooled from near 2,300,000 investors. Exempting from tax on a round trip (issuance and redemption) along with giving investors the power to exit anytime with lowest possible cost are among the factors made mutual investment rather popular among people. The below table demonstrate best performing funds of Apr/May 2018.

Iran Banking industry

The Alarm on Iran Banking industry goes off? – Daily Market News

by date: 26 May 2018in News & Reports No Comments

The Alarm on Iran Banking industry goes off?

Market News

– Following the maximum disclosure policies on Iran Banking industry, the process of transforming granted facilities to bad debts has been accelerated over the recent months. According to the stats released by a senate committee, during the years from 2006 until September 2017, the volume of non-current claims has reached a record high (seven times bigger), which made the NPL/Facilities ratio to hover around a two-digit zone. A massive portion of these bad debts was in the range of IRR 100 – 1000 bn (USD 2.5 – 24 mn). Moreover, the size of doubtful debts from non-current claims reached more than IRR 600,000 bn (USD 14.82 bn) in the year 2016, which can be categorized as NPLs anytime soon.

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EU/Asian firms’ latest status in Iran Economy after the US left JCPoA! – Daily Market News

by date: 22 May 2018in News & Reports No Comments

EU/Asian firms’ latest status in Iran Economy after the US left JCPoA!

Market News

– After US decision to leave JCPoA there were anticipations on the future status of foreign companies’ participation in Iran Economy who have mutual ventures with the Iranian side. Below table demonstrates a clear picture of whether these companies will stay, leave or are under special considerations to work with Iran.

Iran Mercantile Exchange!

Iranian Saffron future contracts launch on Iran Mercantile Exchange! – Daily Market News

by date: 21 May 2018in News & Reports No Comments

Iranian Saffron future contracts launch on Iran Mercantile Exchange!

Market News

– Following its strategic plans in regards to developing new underlying assets in derivative contracts, the first Saffron Futures Contracts for delivery in September will be launched on Iran Mercantile Exchange since this Wednesday. Over the past months, negotiations have been held with practitioners in the agriculture space, bodies involved as well as brokerage firms in Tehran and Mashhad. Each contract size will be 100 grams of saffron as the underlying asset with daily price fluctuation range of 3%.

Tehran Stock Exchange

“Equity backed” Sukuk Ijarah now on Tehran Stock Exchange! – Daily Market News

by date: 19 May 2018in News & Reports No Comments

“Equity backed” Sukuk Ijarah now on

Tehran Stock Exchange!

Market News

– After the previous successful underwriting of IRR 4,500 bn (USD 107.14 mn) worth Sukuk Ijarah for Iran Telecommunication Company, a new round of corporate Sukuk Ijarah (equity backed) now worth IRR 8,000 bn (USD 190 mn) is to be published on Tehran Stock Exchange. The underlying asset of this new issue is 567,818,866 shares of HMRZ1 priced at IRR 14,089 apiece. The yield would be 16%, payments scheduled for every 3 months (quarterly) and these securities will be matured in 4 years.

Iran Fara Bourse

New Piece of corporate Sukuk on Iran Fara Bourse! – Daily Market News

by date: 15 May 2018in News & Reports No Comments

New Piece of corporate Sukuk on

Iran Fara Bourse!

Market News

– Today a new piece of corporate Sukuk is to going to be underwritten on Iran Fara Bourse. The new Ijarah Sukuk securities will be issued by Saba Naft construction and engineering Co and have a nominal yield of 15%. With a maturity of 48 months and coupon frequency of 3 times per year (quarterly), SN1Q1 securities worth IRR 920 bn (cUSD 21.9 mn).

Central Bank of Iran

Central Bank of Iran in control of FX market! – Daily Market News

by date: 14 May 2018in News & Reports No Comments

Central Bank of Iran in control of FX market!

Market News

– In a meeting with the parliament members, the governor of the Central Bank of Iran provided the latest monetary and currency data on provision and allocation of resources to organize the FX market and un-supervised financial institutes; he then announced the implementation of a new oversight model, which is based on EU standards; the said model will allow the kind of supervision where goals like monetary stability is sought.

Iranian banking sector

Interest rate can come as low as 14% in Iranian banking sector! – Daily Market News

by date: 12 May 2018in News & Reports No Comments

Interest rate can come as low as 14% in

Iranian banking sector!

Market News

– A banking official stated that charging higher fees on banking services (mostly transactions of POS, etc.) can lead to lowering interest rates on granted facilities; in fact, he said that in case this process continues for 3 years, the interest rate might come down to 14% and the rate on facilities would also reduce to below 10% in Iranian banking sector. The current imbalanced situation for on-account risk-free deposit rate (20%) and banking facilities (around 28%) led most banks to their incompetence.