IRAN: The Securities and Exchange Organization of Iran (SEO) has approved the issuance of callable Sukuk Murabahah in the Iranian capital market, said Majid Pireh, the head of the Islamic Finance Office of the SEO.
The Iranian government may include a call option in the Sukuk terms to anticipate future decreases in interest rates. This allows the government to repurchase the securities ahead of maturity to avoid high costs. This approach enables the Iranian government to manage financial burdens associated with high interest rates in the long term and manage long-term interest rate risks.
