Iran’s Bourse to Add New Islamic Financial Instruments

The Securities and Exchange Organization of Iran has put on agenda to add new Islamic instruments such as Derivative Securities, Istisna and Murabaha in Capital Market as of the next Iranian calendar year (March 21, 2010).
Ali Saeedi, a senior official in Bourse Organization said the necessary grounds have been paved for the entrance of sukuk or Islamic bonds in Bourse Organization, adding BRokerage firms are considered as the main infrastructures for entrance of new monetary means to bourse. He gave news that Murabaha bonds would be issued next year.

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