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Tat Bank
Ayandeh Bank is an islamic bank in the Islamic Republic of Iran. It was established in 2013. The bank is a member of the Islamic Association of Iran. History Ayandeh Bank was established on August 7, 2013 with the registration No. 442325 following the merger of two credit institutions and a bank. It started to work as a private bank under the supervision of the Central Bank of the Islamic Republic of Iran with the license No. 93/349144 dated March 17, 2015. In August 2018, the Ayandeh Bank was on the list of sanctioned individuals and companies from Iran. In December 2020, the bank announced the sale of the Iran Mall for $3.5 Billion in a move to divest its non-banking assets. Affiliated companies * Sanjesh Omid Ayandeh, Investment Consulting and Financial Services Company * Ertebat Farda, Electronic Commerce Company * Ayandeh Bank Brokerage Company Financial data See also * Banking in Iran * Privatization in Iran According to the Fourth Economic history of Iran#Review ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamic Banking And Finance
Islamic banking, Islamic finance ( ar, مصرفية إسلامية), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include ''Mudarabah'' (profit-sharing and loss-bearing), ''Wadiah'' (safekeeping), ''Musharaka'' (joint venture), ''Murabahah'' (cost-plus), and ''Ijara'' ( leasing). Sharia prohibits ''riba'', or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to ''riba''). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also ''haram'' ("sinful and prohibited"). These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2009
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Iran
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privatization In Iran
According to the Fourth Economic history of Iran#Review of Iran's successive economic plans (1991–2010), Five-Year Economic Development Plan (2005–2010), the Privatization Organization of Iran affiliated with the Ministry of Economic Affairs and Finance (Iran), Ministry of Economic Affairs and Finance is in charge of setting prices and ceding shares to the general public and on the Tehran Stock Exchange. The privatization effort is primarily backed by reformist members of the Iranian government and society who hope that privatization can bring about economic and social change. In 2007, Supreme Leader Ayatollah Khamenei requested that government officials speed up implementation of the policies outlined in the amendment of Article 44, and move towards economic privatization. Khamenei also suggested that ownership rights should be protected in courts set up by the Ministry of Justice (Iran), Justice Ministry; the hope was that this new protection would give an additional measure ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking In Iran
Following the Iranian Revolution, Iran's banking system was transformed to be run on an Islamic interest-free basis. As of 2010 there were seven large government-run commercial banks. As of March 2014, Iran's banking assets made up over a third of the estimated total of Islamic banking assets globally. They totaled 17,344 trillion rials, or US$523 billion at the free market exchange rate, using central bank data, according to Reuters. Since 2001 the Iranian Government has moved toward liberalising the banking sector, although progress has been slow. In 1994 Bank Markazi (the central bank) authorised the creation of private credit institutions, and in 1998 authorised foreign banks (many of whom had already established representative offices in Tehran) to offer full banking services in Iran's free-trade zones. The central bank sought to follow this with the recapitalisation and partial privatisation of the existing commercial banks, seeking to liberalise the sector and encour ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iran Mall
The Iran Mall ( fa, ایران مال) is the biggest shopping mall in the world in terms of area, and one of the largest commercial, cultural and social projects in the world, located in northwest Tehran, Iran, by Chitgar Lake. The multi-purpose complex was designed on land with an area of 317,000 square meters and seven floors. Its infrastructure area in the first phase is 1,350,000 square meters, which will be increased to 1,600,000 square meters when all the development phases are completed. The first phase with the capacity of 267,000 square meters of gross leasable area and 708 retail units was opened on 1 May 2018. Over 1,200 contractors and 25,000 workers took part in the construction of Iran Mall. The facility is owned by Ayandeh Bank. The original idea of building such a large complex came from the well-known Iranian entrepreneur, Ali Ansari, who has also been the chief executive of constructing the Iran Mall. International honours and records Iran Mall has attended ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iranian Rials
The rial ( fa, ریال ایران, riyâl-è Irân; sign: ﷼; abbreviation: Rl (singular) and Rls (plural) or IR in Latin; ISO code: IRR) is the official currency of Iran. There is no official symbol for the currency but the Iranian standard ISIRI 820 defined a symbol for use on typewriters (mentioning that it is an invention of the standards committee itself) and the two Iranian standards ISIRI 2900 and ISIRI 3342 define a character code to be used for it. The Unicode Standard has a compatibility character defined . A proposal has been agreed to by the Iranian parliament to drop four zeros, by replacing the rial with a new currency called the toman, the name of a previous Iranian currency, at the rate of 1 toman = 10,000 rials. History The rial was first introduced in 1798 as a coin worth 1,250 dinars or one-eighth of a '' toman''. In 1825, the rial ceased to be issued, with the qiran subdivided into 20 shahi or 1,000 dinars and was worth one-tenth of a toman, being issu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iran Fara Bourse
Iran Fara Bourse Co. (IFB), also known as Farabourse, is an exchange for securities and other financial instruments in Tehran, Iran which operates under the official supervision of Securities and Exchange Organization (SEO). IFB operates as a self-regulatory organization governing the activities of its brokers and members. The company was established on November 12, 2008 and its transactions officially started in four market segments on September 28, 2009. IFB provides a market for both listed and unlisted securities. Currently, there are 5 market segments, including First Market, Second Market, Third Market, Base Market, and Modern Financial Instruments Market. IFB is a member of the Federation of Euro-Asian Stock Exchanges (FEAS) in addition to the Organization of Islamic Cooperation (OIC) Member States’ Stock Exchanges Forum. The establishment of Iran Fara Bourse Company is one of the main steps for developing the capital market in Iran and diversifying financial instruments ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
