Iran has carried out the first issue of Islamic bond

Almaty. October 1. Silkroadnews - Iran has carried out the first issue of Islamic treasury bills, known in the Islamic financial law as "sukuk", reported the Iranian News Agency (IrTAG) on Thursday.
This measure was taken by the Iranian authorities in order to foster financial market and attraction of investments for the implementation of large projects in various sectors of the national economy.
In total, the Tehran Stock Exchange FaraBourse put up for auction 400 thousand medium-term bonds with a maturity date of March 3, 2016. Moreover, a minimum package of such transaction shall not be less than 50 thousand bonds.
As the head of the Securities and Exchange Commission of Iran Hassan Amiri in the first phase of the project will be sold bonds worth $100 million. The total value of the emission is not reported.