1
Law::
trust company : In its original sense, a Trust company is one that acts as a trustee for individual and entities. In Iran, however, it sometimes also operates as a commercial bank although Iranian regulations expressly disallow its engagement in banking businesses. Such companies that were created gradually after the culmination of the Islamic Revolution in 1979 are commonly styled مؤسسة مالي ـ اعتباري. They still continue to operate with mainly unsupervised business freedoms and activities that include, but is not limited to, those of a mutual fund with almost unlimited freedom. Since 1980’s the Iranian government has frequently attempted to prevent these institutions engage in banking businesses and the Central Bank of Iran now seeks to bring them under Central Bank supervision
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