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Islamic Corporate Sukuks

Iran Food Industry benefits from Islamic Corporate Sukuks! – Daily Market News

by date: 1 July 2018in News & Reports No Comments

Iran Food Industry benefits from Islamic Corporate Sukuks!

Market News

– Iranian food industry is to utilize the capacity of Iran Capital Market covering its financing needs by issuing Islamic Corporate Sukuks. Tomorrow, Kourosh food industry co. (a private joint stock firm) will publish IRR 500 bn (USD 11.8 mn) worth of Murabaha Sukuks on Iran Fara Bourse. The securities are going to be mature in 2 years and have an annual yield of 16%. Mellat Investment Bank is the underwriter and book runner of these securities while Mellat Bank will act as the guarantor to this issue.

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Iran Debt Market enjoys +30% yields! – Daily Market News

by date: 20 June 2018in News & Reports No Comments

Iran Debt Market enjoys +30% yields!

Market News

– Today a new piece of Islamic T-Bills was supposed to be offered on Iran Fara Bourse. Being the second issue of the new Islamic treasury bills IPO round on Iran Debt Market, the TB291 has a value of IRR 10,000 bn (USD 235.7 mn) and will be matured on Aug 14, 2019. The older issues with close maturity dates are TB181 and TB191 which has a YTM of 26.22% and 25.89% respectively. However, the new offer did not price at today’s session. The below table demonstrates issues with highest yields on the last trading session:

Iranian FX secondary market

Iranian FX secondary market is on its way! – Daily Market News

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

Iranian FX secondary market is on its way!

Market News

– Over the latest press conference held the other day, the head of Trade Promotion Organization of Iran delivered two important news which could massively weigh on the future of the Iranian export-import market and in general Iranian economy. The first was about granting the license to trade export customs declaration at a free market rate that can only be translated as creating an Iranian FX secondary market. The second was the fact that a new market has been established for non-oil based products in which the participants have no obligation to secure their FX need on NIMA platform at USD/IRR 42,000. 

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New pieces of Islamic T-Bills on Iran Fara Bourse! – Daily Market News

by date: 10 June 2018in News & Reports No Comments

New pieces of Islamic T-Bills on Iran Fara Bourse!

Market News

– Today, four(4) new issues of Islamic T-Bills worth IRR 43,000 bn (USD 1.02 bn) got listed on Iran Fara Bourse ready for their initial public offering any time now. These new debt securities have maturities between 5 to 24 months and the below table demonstrate their issue details:

Iran Stock Exchange

Iran Stock Exchange goes international! – Daily Market News

by date: 9 June 2018in News & Reports No Comments

Iran Stock Exchange goes international!

Market News

– Aiming at expanding its Euro-based interactions, the head of the Securities and Exchange Organization of Iran announced the consideration of launching Euro dealt Kish International Iran Stock Exchange within the next 2 months in the exchange High Council; this market is to host foreign companies, mostly from countries with less cooperation with the US, including adjacent neighbors and European trade partners as well as domestic players.

Tehran Stock Exchange

SEPK1 went public on Tehran Stock Exchange! – Daily Market News

by date: 3 June 2018in News & Reports No Comments

SEPK1 went public on Tehran Stock Exchange!

Market News

– Today 10% of Saman Kish E-payment co. shares went public on Tehran Stock Exchange through book building method. The price range was from IRR 6,200 to 6,500 per share and each trading code could only place an order for 5000 shares (ultimately each code received only 1,787 shares). Ultimately price at IRR 6,500, the company record a P/E ratio of 6.2 with a TTM P/E of 7.0 (the sector benchmark rate stands at 8.60). Below pie chart shows the market share of Saman Kish contrary to its other rivals in the industry. 

Iran joins CFT

Iran joins CFT as parliament ratified the bill with 8 conditions! – Daily Market News

by date: 30 May 2018in News & Reports No Comments

Iran joins CFT as parliament ratified the bill with 8 conditions!

Market News

– Deputy chair of Iranian Supreme National Security Council announced the ratification of Combating the Financing of Terrorism act on the parliament (Iran joins CFT). However, in order for national interest to count in as well, senators added a few conditions to the bill. Most important of those is the fact that upon a conflict between the constitution and bill articles, the base would the constitution for enforcement. This (Iran joins CFT) could lead to a better status for Iran in FATF grey list and eventually ends in a permanent exit from the shortlist.

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.