Iran to issue Sukuk securities to fund oil, gas projects

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Dubai – Iran to issue Sukuk securities worth to $217 million to oil and natural gas , -run energy news service, SHANA, on Saturday.

Vice Eshaq Jahangiri signed on a decision, authorised the annual .

The authorisation allows the oil, energy and industry ministries to issue the Sukuk.

Sukuk is an Islamic sharia-compliant bond, worth to 35 trillion rials ($217 million at the free market exchange rate) for gas and oil , it said.