Significant increase in total value of issued debt bonds in the capital market in the past year.

According to the CEO of Central Securities Depository of Iran, while global Sukuk issuance decreased in recent years, approximately IRR 83,000 bn (USD 2200 mn) of Sukuk were issued in Iran’s capital market last year, which is 11 times greater in value, compared to the same period the year before. Director of Private Banks & Credit Institutions Association stated that deposits offered by companies along with issuance of Sukuk and Islamic T-bills by the government in the capital market have resulted in an increase in deposit rates and the first priority for deposit rates is to implement the Money and Credit Council approved rates.

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