Iran Fara Bourse Co. (IFB), also known as Farabourse, is an exchange for securities and other financial instruments in
Tehran
Tehran (; fa, تهران ) is the largest city in Tehran Province and the Capital city, capital of Iran. With a population of around 9 million in the city and around 16 million in the larger metropolitan area of Greater Tehran, Tehran is th ...
,
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 Turkm ...
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
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose.
The word is derived fr ...
(OIC) Member States’ Stock Exchanges Forum.
The establishment of Iran Fara Bourse Company is one of the main steps for developing the
capital market
A capital market is a financial market in which long-term debt (over a year) or equity-backed securities are bought and sold, in contrast to a money market where short-term debt is bought and sold. Capital markets channel the wealth of saver ...
in
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 Turkm ...
and diversifying financial instruments traded in the securities market. In 2013 Farabourse started offering
exchange-traded funds and real estate ETFs in September 2014. A survey based on the annual public reports and responses received from 17 exchange members showed in 2018 the trading value of the Iran Fara Bourse was roughly 18,084.88 million
euro
The euro (symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
s, which is the second-highest among all exchanges. There was a significant rise in trading value (equities and fixed income) of Iran Fara Bourse by about 40.5%. Market capitalization in 2018 increased compared to the indicator in 2017 by over 64%.
[http://en.ifb.ir/RELEASES/NewsDetail?id=75 {{Dead link, date=February 2022, fix-attempted=yes]
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 ...
*
Tehran Stock Exchange
The Tehran Stock Exchange (TSE) ( fa, بورس اوراق بهادار تهران, romanized: ''Burs-e Owraq-e Bahadar-e Tehran'') is Iran's largest stock exchange, which first opened in 1967. The TSE is based in Tehran. , 339 companies with a com ...
References
External links
Iran Farabourse/official website
Stock exchanges in Iran