30 August 2014 - 16:06
  • News Code: 223783
Talks Under Way for Project Fund

TEHRAN August 30 (Shana)--Iran’s Ministry of Economy is in talks with ministries of petroleum and industry for the establishment of project funds in the energy and mining sectors, Minister of Economy Ali Tayyebnia said.

“Project fund is a new instrument for financing specific projects. It could serve all sectors including energy,” the minister said.
He added that the advantage with project funds is that people make low-risk and sharia-compliant investment.
“In these funds, people’s deposits are highly negotiable and it would be easy to raise capital,” he said.
Tayyebnia said people would be willing to invest in these funds because of its advantages. 
News Code 223783

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