Announcing issuance of IRR 700 bn Islamic securities in 2019/20 budget bill.
- According to a member of the parliament’s planning and budgeting commission, Iran’s 1398 budget bill has granted the permission for issuing Islamic securities valued to total of IRR 390 bn by governmental entities, municipalities and capital assets acquisition projects. Moreover, the administration can issue IRR 300,000 bn worth of Islamic Treasury Bills for the purpose of settling contractors’ liabilities, provincial credits and reimbursement of matured securities.
- In this week, IRR 475 bn worth of Standard Parallel SALAM were issued on frozen chicken by Behparvar Aria Industrial food company for the purpose of financing working capital.
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