Resolution of SEO’s Shariah Committee on Currency Exchange Fund
Wednesday, 10 January 2024 09:12 seo Shariah Committee currency fund 116
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The Shariah Committee of the Securities and Exchange Organization of Iran (SEO) released its view on Currency Exchange Fund.


This fund has the role of discounter in LC documents. By issuing investment units, the currency fund collects money (currency) from investors and buys the said LC debt on their behalf. The profit obtained through the discount operation is deposited to the account of the fund unit holders after deducting the attorney's fee. The units of this fund are tradable in the market.

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