June 10, 2025 – On the third day of the Iran Health Exhibition, a panel focused on innovative financial management and funding solutions in the health industry introduced a new model for issuing private debt securities designed to help small companies secure financing more easily.

Amin Amiri, CEO of Abnous Portfolio Management, announced a simplified model for issuing short-term private Murabaha bonds with lower minimum amounts. This approach removes several bureaucratic barriers, allowing small companies to access funding with greater ease. Under this model, the issuance ceiling is set at the company’s registered capital, up to a maximum of 2 trillion IRR (200 billion Toman), and the process is expedited compared to traditional bonds.

Notably, the need for a committed underwriter and market maker has been eliminated, with bonds being purchased directly by a single buyer, avoiding the usual public offering hurdles. To qualify, companies must have a debt ratio of less than 90% and a positive cash flow.

Panelists discussed how, due to the Central Bank’s contractionary policies, businesses are facing challenges in obtaining financing and working capital. With risks in the gold, currency, and stock markets, some investors are turning to fixed income funds, which currently offer annual returns of about 30%. Additionally, new capital market tools such as options contracts have been introduced for risk management, though they are recommended only for experienced investors.

This new financing model is expected to provide small & medium-sized knowledge-based companies (SMEs) in the health sector with improved access to capital, supporting their growth and innovation in a challenging economic environment.