No bank took part in the eighth auction of government Islamic securities

The results of the eighth auction of government Islamic securities were announced on 6 Mordad 1405 (28 July 2026). According to a report published on Saturday 1 August 2026, of the roughly 48,000 billion tomans of securities offered, only 8,870 billion tomans were sold, equivalent to about 18 percent of the total offering.

No bank took part in the auction and no purchase orders were registered from banks. Financial institutions and capital market firms bought 1,370 billion tomans of Arad 296 and 7,500 billion tomans of Arad 297. The securities offered comprised Arad 283, Arad 286, Arad 296 and Arad 297, with yields reported respectively as not announced, 39.9 percent, between 39.58 and 39.8 percent, and between 39.43 and 39.7 percent.

The total value of securities sold across the eight auctions held since the start of the 1405 year has been calculated at 143,590 billion tomans. Banks, non bank credit institutions and financial institutions are the main buyers of these securities, and the low yields on the securities offered, alongside expectations of a rise in bank deposit rates, have been cited as factors behind the weak appetite among buyers.