Derivatives market Banking and insurance in Iran



as of 2009, iranian oil bourse spot market petrochemical products mainly, plans introduce sharia-compliant futures contracts crude oil , petrochemicals in future. trading takes place through licensed private brokers registered securities , exchange organization of iran. of bahrain-based international islamic financial market , new york-based international swaps , derivatives association, global standards islamic derivatives set in 2010. “hedging master agreement” provides structure under institutions can trade derivatives such profit-rate , currency swaps. while standards of bahrain-based accounting , auditing organization islamic financial institutions (aaoifi) followed around world, not enforced in iran.








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