In all societies, there is some group of owner’s funds and cash savings who don’t have any desire or ability to invest directly in profitable economic activities. On the other hand, many entrepreneurs with knowledge, experience and potential do not have the financial resources required for investment. Money and capital markets with using a variety of financial instruments, play a significant intermediary role between these two groups.
The main goals of Central Asset Management company are establishment and management SPVs, in order to facilitate the implementation of intermediary actions".
Principal agreement on joopar passenger & freight trains Co. Ijarah Sukuk offering.
Passenger Train Corporation of Joopar (Private Joint Stock) from the Securities and Exchange Organization has obtained its principal agreement for offering Ijara Sukuk (ijarih Sukuk) by financial SPV of Khordad. These 5-year securities have the lease rate of 16% and will be offered through the OTC with the amount of 415250 million Rials. The features of these securities have been detailed in the Sukuk section.