IRAN: The initial subscription period for units of the Zargar KarAmand Gold-Backed Exchange-Traded Fund opened on the 2nd September 2025 for 495 million units to raise IRR49.5 trillion (US$1.17 billion). This is the 24th gold-backed investment fund and the 26th commodity fund on the Iran Mercantile Exchange. Gold-based investment funds now active in Iran’s capital market carry these tickers: Zargar, Dorna, Kahroba, Ayar, Gohar, Zar, Tala, Mesghal, Zarfam, Nafis, Ganj, Nab, Alton, Javaher, Tabesh, Lian, Zarvan, Derakhshan, Atash, Ghirat (Qirat), Goldis, Emerald, Zomorod and Roz.
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