CSDI News
CSDI Unveils "Miraas" System on Electronic Inheritance Succession of Justice Shares
CSDI unveils indigenous electronic system to transfer Justice Shares of the deceased to the heirs.
Central Securities Depository of Iran on Tuesday 31 October 2023 unveiled its homegrown smart system on mechanized transfer of Justice Shares of the deceased to the heirs on the sidelines of the International Stock Exchange, Banking and Insurance Exhibition (Kish INVEX 2023) on the Persian Gulf Island of Kish.
The system -also knowns as "Miraas" - aims to resolve nearly two decades of a major concern for some 15 million people on what happens to shares inherited and how they are to be transferred to the legal heirs.
The legal heirs of a deceased are required to have registered in CSDI's e-KYC platform i.e. the Comprehensive Information Gathering System (CIGS). Currently more than 44 million people have signed up for CIGS and the huge number provides an opportunity for the brokerage firms to exceed customers' expectations.
According to the latest release of data from the National Organization for Civil Registration, more than 3 million and 700 thousand holders of Justice Shares have passed away since 2014. CSDI has developed the necessary infrastructure to see into the procedures for transferring the shares of the deceased.
Release Date: 10/31/2023
