ابوترابی

In this moment, more than 600 trillion Rials worth of sukuk is being transacted in the Capital Market. These bonds, based on various contracts of rent, mortgage, etc., in order to finance private and public companies in different fields such as mine, petrochemicals, airline and others are issued.

Tehran, Oct.20 (SENA) – Gholamreza Aboutorabi, announcing the noted report to SENA, cited: These bonds are issued by Tehran Stock Exchange (TSE) and Iran Fara Bourse; and are transactable. The rate of return of sukuk is fixed and permanent and the price of each bond in the Capital Market is 1 million Rials. Investors having the authorized exchange code, can purchase sukuk via the website suku.ir and register their purchase order by choosing the symbol(s) of the transacted bonds by their brokerage.

Managing director of central assets management company declared: Except 5 symbols, others have market maker and the payment of installments and the value of the bonds due date via banks, credit institutions, companies and also pledging shares in the benefit of the related Special Purpose Vehicle (SPV) are guaranteed; moreover, the ownership of assets or the interests of the issuance in the period of the bonds’ age are legally deputed to the SPV from the buyers of this companies’ stocks.

As Aboutorabi stated, hitherto, a total of over 671 trillion Rials of sukuk in issued in the Capital Market and 71 trillion of it are now mature and the rest is being transacted; in the meantime, the interest bonds had the highest volume of sukuk with 48 percent while in the global market of sukuk, capital-plus-profit and deputation forms have respectively the biggest share in internal issued sukuk and international issued sukuk; just as the last year that 32 percent of internal Islamic financial bonds were issued in capital-plus-interest contracts and in international issued sukuk, deputation contracts devoted 56 percent and the utmost volume of issued sukuk.

He added: From the beginning of this year, 6 types of sukuk, with a total of 46 trillion Rials are issued and there are 11 pending sukuk utterly more than 138 trillion Rials to be issued that the acceptance is announced by the SEO and the related companies are making the necessary actions to get the permission of issuing bonds.

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