Bonds to Be Accepted as Collateral by Iran Banks

The Central Bank of Iran has sent a directive to banks and credit institutions obliging agent banks to accept Islamic bonds as collateral from contractors of development projects.

Financial Tribune- The measure had been proposed in the budget law of the current fiscal (March 2017-18) which also tasks the CBI with drafting regulations to implement the law.
It refers to earlier CBI directives and emphasizes that accepting Islamic bonds as collateral follows a similar process as other securities traded on the stock market.

Jan 12, 2019