DUBAI (Reuters) – Iran authorised the issuance of sukuk securities to fund oil and natural gas projects, state-run energy news service Shana reported on Saturday.
First Vice President Eshaq Jahangiri signed off on a decision that allows the energy and industry ministries to issue Islamic Sharia-compliant bonds in riyals or “hard currency”, it said.
(Reporting by Maher Chmaytelli; Editing by Edmund Blair)
