Name | Iran Fara Bourse Securities Exchange |
Country | Iran (Islamic Republic of) |
Number of listed companies | 148 |
Domestic market capitalization | 48,495 million US$ |
SSE Partner Exchange | Yes |
Has annual sustainability report | Yes Iran Fara Bourse is reporting key measures of sustainability for the second consecutive year in its Annual Proxy Statement. |
ESG reporting required as a listing rule | No |
Has written guidance on ESG reporting | No |
Offers ESG related training | Yes Regular Corporate Governance courses are given for issuers. |
Market covered by sustainability-related index | No |
Has sustainability bond listing segment | Yes Sukuks Market Sukuk securities are Sharia-compliant. Shariah-compliant instruments have been widely accepted as sustainable products. |
Has SME listing platform | Yes SME Market | (ifb.ir)
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Women on boards mandatory minimum rule | No |
Additional information |
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Organizational model of stock exchange | Public Joint Stock Company, Listed |
Regulatory bodies | Securities and Exchanges Organization (SEO), an ordinary member of IOSCO as of Nov 27, 2018. |
Regulatory model | Limited exchange SRO |
About the stock exchange | IFB headquartered in Tehran with no subsidiary. Founded in 2008, with over 190 employees, Iran Fara Bourse is operating the largest debt market and the second stock market of the country (by size and volume). Iran Fara Bourse mission is to foster innovation and entrepreneurship in private sector by delivering diverse Sharia-compliant financial instruments and platforms to the markets. Stock Main market (First market, Second market) - Listed SME market Listed UTP market (Yellow-board, Orange-board, Red-board) Admitted Third market (Intellectual Property, Merger & Acquisition, Underwriting corporation, bulk and wholesale offerings) Unlisted Structured Financial Instruments (Sukuks, Islamic Treasury Bills, Mortgage Rights)- Listed Funds (ETF, ETFCF, VC, PE) Listed Derivatives (Call option, Put option, Embedded put option) Crowdfunding Platforms |