Minister of Economic Affairs and Finance Ali Tayyebnia has called on the foreign investors not to miss the chance of making investments in Iran capital market.
Tayyebnia made the remarks addressing The Eighth International Course on Islamic Capital Market in Tehran on May 3.
Participants from 13 countries attended the course.
Iran is among the few countries in which all the financial markets, including money, capital and insurance markets, have been established based on Islamic principles, Tayyebnia said.
The use of Sukuk (Islamic bonds) has increased incredibly so that its use amounted to $300 million by the end of 2014, the minister said.
He also referred to Iran's sixth five-year development plan and the role of the capital market in realizing the 8% economic growth projected for 2020. “This much of growth would not be possible without a strong capital market,” he said.
Tayyebnia also touched upon efforts made by the government to rein in soaring inflation over the past two years, saying, President Hassan Rouhani’s government managed to slash the inflation rate to its lowest in the recent decade.
He predicted a single-digit inflation in the near future, while noting that the new government took power in August 2013 when the inflation rate stood at 40%.
Release Date: 5/3/2016