20% bank term deposit for another year
- As stated by CBI, long-term deposits, which opened in last September at 20% rate, can be extended at the same interest rate.
- New Islamic Treasury Bill was issued with value of IRR 23,000 bn and 1 years and 10 months maturity. Based on trades on offering date, YTM of these papers is 26.9%.
- Issuing stock-based securities has been suspended by the Securities and Exchange Organization for jurisprudential reasons. So far, Social Security Investment Co. and Mobin Trust Consortium have issued IRR 37,000 bn of this kind of bonds in total.
- According to CEO of the Securities and Exchange Organization, the most prominent policies of the proposed minister of economic affairs and finance is related to the development of new Islamic financial instruments based on derivatives.
Download the full report (PDF)