sukuk in Iran Capital Market
Various debt securities are traded in the Iranian capital market including general Murabahah, Islamic treasury, Musharakah, SPV securities, productive credit certificates and Salaf which are all shariah compliant.
In the Iranian Capital Market it is common that the word "sukuk" is used for the financial instruments issued by SPVs, such as: Ijarah, Murabahah, Manfaah, Istisna, mortgaged-backed and asset-backed
Sukuk.
According to the Guidelines for SPVs' Activities, ratified by the Securities and Exchange High Council of Iran, the only entity authorized to establish and manage SPVs in the Iranian Capital Market is the Capital Market Central Asset Management Company.