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      • Open Access Article

        1 - The Securitization of Insurances In the Leading Industries (Based On Sukuk Models)
        Seyed Mohammad Javad Mirtaher Mahdiar Sarshar
        Because Iran’s economy is based on oil industry, related issues in this area are very important. One of the important issues in this context is the low participation of oil industry in the total portfolio of the insurance industry that suggests numerous challenges More
        Because Iran’s economy is based on oil industry, related issues in this area are very important. One of the important issues in this context is the low participation of oil industry in the total portfolio of the insurance industry that suggests numerous challenges in the interaction between these two huge industries. In addition, the imposition of international sanctions against oil projects and oil shipping insurance have created new sets of problems which call for scientific and applied researches in this field. Various investigations indicate that the failure of domestic insurance companies in entering into oil industry is related to lack of capital capacity in Iran’s insurance industry. This practical study has used an analytical descriptive method which tries to suggest different solutions for interaction between capital markets and insurance to solve the main issue which is “lack of capital capacity in Iran’s insurances”, through the risk securitization which provides a new financial instrument called “Reinsurance Islamic Financial Securities (Reinsurance Sukuk)” to transfer the risk in oil industry based on Imamia jurisprudence. This instrument is introduced as a comprehensive solution to be utilized in the interaction between insurance industry and the capital market ,especially during the sanctions when the government has established specific funds for supporting reinsurance policies making this instrument more important due to converting sanction’s threat to opportunity and this instrument can be an alternative for this fund. In addition, Reinsurance Sukuk is an efficient solution for increasing capital capacity of insurance companies in non-sanctioned periods. On the one hand, very high standards required in the leading industry field for this fund and the low probability of damages incurred, and on the other hand heavy demanded premium increases the efficiency and attractiveness of these instruments. Manuscript profile
      • Open Access Article

        2 - Determination and Ranking of Leading Industries for the loan and facility paid by the banks (Emphasis on Financial Index)
        Mohsen Hamidian
        The industries are so called the owner's priority which have the optimum economical and financial turnover. Separately studding these divisions and also expressing the reasons for providing the loans and facilities are the required factors for making the priority. In th More
        The industries are so called the owner's priority which have the optimum economical and financial turnover. Separately studding these divisions and also expressing the reasons for providing the loans and facilities are the required factors for making the priority. In this paper, financial indexes are used to survey the industries of the country in 2012. The studied industries are classified, prioritized and analyzed based on the factor analysis, Taxonomy digits (which is based on three digits ISIC codes). The results show that cardinal metals, chemical, automobile and its spare parts and primitive steel and iron production industries have the best performances based on the mentioned indexes, hence they stay at the top-level of the loan and facility paid by the banks. Manuscript profile