GLOBAL: A global revision of the Iran rial against the US dollar, which took effect on the 24th February 2026, caused a sharp fall in asset values – as US$1 now gets around IRR1.3 million, over 30 times lower compared to the previous IRR42,000 rate.
For the IFN Investor Funds Database, this has lowered the total AuM value of 521 tracked Iran funds to US$15.93 billion from US$491.11 billion before.
Overall, the IFN Investor Funds Database currently tracks 2,691 public Islamic funds managed by 515 asset management firms, with a combined total of US$449.76 billion in AuM.
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