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Ayandeh Bank is an
islamic bank 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 ...
in the
Islamic Republic of Iran Iran, officially the Islamic Republic of Iran, and also called Persia, is a country located in Western Asia. It is bordered by Iraq and Turkey to the west, by Azerbaijan and Armenia to the northwest, by the Caspian Sea and Turkmeni ...
. 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 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 ...
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 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 o ...
*
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 a ...


References


External links


Official website
Banks of Iran Banks established in 2009 Iranian companies established in 2009 Iranian entities subject to the U.S. Department of the Treasury sanctions {{Iran-stub