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December 04 2017
 
The SEO will follow the development path of Islamic financial instruments in the capital market, chairman of the Securities and Exchange Organization Shapour Mohammadi said on Sunday at the 3rd conference of Islamic Financial Market. He appreciated the SEO’s Shariah Board on the 10th year of activity in Iran capital market. Every financial instrument has to be approved by the SEO’s Shariah Board, which makes them appealing to a wider range of investors including those who observe Sharia rules in their investment decisions,” he said. Mr. Mohammadi also noted that Murabaha Sukuks are so welcomed in the capital market and last year the SEO issued Murabeha Sukuks for the Ministry of Health. Istisna contract is another Islamic financial instrument which is approved by the SEO’s Shariah Board and the private section is eager to benefit from it, the SEO chairman said. The SEO’s Shariah Board is to review the launch of foreign currency bond market in its upcoming meetings.