Charitable foundations or conglomerates? – Iran’s bonyad system

November 16, 2016

Bonyads (charitable foundations) are at the centre of Iran’s informal social welfare system. They are significant to Iranians, particularly the retired and war-wounded, as providers of social support. However, they are of further significance, both inside and outside the country, as major players in the Iranian economy. Bonyads may even account for some 30-40% of […]

What are Saham-e Edalat? A glimpse into the process of Iranian ‘cooperativisation’

October 4, 2016

The Justice Shares (saham-e edalat) scheme is one of the more mystifying examples of Iranian government bureaucracy. Designed in the early 2000s by the populist Ahmadinejad government, the scheme was designed to allow the transfer of shares in Iranian state-owned enterprises to low income families, while expediting privatisation, and giving a highly desirable injection of […]