Iran calls on foreigners to invest in Islamic bonds

Business Materials 11 July 2016 21:05 (UTC +04:00)

Baku, Azerbaijan, July 11

By Khalid Kazimov – Trend:

An Iranian official has advised foreigners to start investing in the country’s capital market by purchasing Sukuk, a type of Islamic financial instruments.

The head of Iran’s Securities and Exchange Organization Mohammad Fatanat said the foreign investors would better enter the country’s capital market by purchasing the Sukuk and then they can go on with purchasing the shares of the companies, IRNA news agency reported July 11.

He made the remarks on the sidelines of a ceremony for signing a memorandum of understanding (MOU) between Securities and Exchange Organization of Iran and South Korea’s capital market and financial institutions.

Under the MOU, the stock exchanges of Iran and South Korea are expected to cooperate.