Kardan

What Kardan does

Kardan (شرکت تامین سرمایه کاردان - سهامی عام) is a Tehran-based licensed capital market institution (نهاد تامین مالی) organized as a public joint stock company, operating three integrated service lines: (1) Asset Management through a family of seven wholly-owned investment funds spanning fixed income (issuance-redemption and exchange-traded variants), equity (issuance-redemption and exchange-traded), gold-backed ETFs (Simaye Kardan), and specialized vehicles (Funds 6 and 7, plus the Neghine-Saman fixed income fund); (2) Financing Services including capital-based financing, debt-based financing through Islamic instruments (sukuk, murabaha, selef, ijara, participation bonds), alternative investments, and market making; (3) Financial Advisory comprising valuation, IPO advisory on the Tehran Stock Exchange and Farabourse, M&A advisory, and business plan preparation. The platform layer is the Kardan online investment portal (portal.kardan.ir), the Kardan Insight research platform (نگاه کاردان), and per-fund marketing websites (iran-kfunds1.ir through iran-kfunds7.ir). No proprietary AI/ML capabilities, patents, or advanced analytics are disclosed.

The customer base spans two distinct segments: individual investors accessing fund products through the Iranian Stock Exchange, the Kardan portal, or Bank Tejarat branches (the latter for the gold ETF under a Channel Partner agreement), and enterprise/sovereign clients arranging capital market financing. Named enterprise clients cover steel/metallurgy (Foolad Hormozgan South, Foolad Khuzestan), petrochemicals (Petrochemical Industries Development Foundation / Taban Farda, Petrochemical Industries Development Holding subsidiary), energy (Mapna Renewable Energy), oil refining (Aftab Oil Refinery), dairy (Rameak Shiraz), food/beverage (Golestan Company), and municipalities (Karaj, Isfahan). Revenue is generated through three channels: recurring asset management and fund management fees on AUM; transaction-based underwriting and market-making fees on sukuk/bond issuance; and professional services fees for valuation, IPO advisory, and M&A work. Pricing is not publicly disclosed.

In the most recent fiscal year (1404 in the Iranian calendar, corresponding approximately to 2025), Kardan arranged 21.5 همتب of financing across 19 enterprises and was named Best Financial Institution of the Year 1404 by Capital Market publication. Geographic operations are limited to Iran; the company has no disclosed international footprint, and operates within the constraints of the Iranian capital-market regulatory regime (Codal disclosure system, Securities and Exchange Organization oversight).

Name

Kardan

Legal name

شرکت تأمین سرمایه کاردان (سهامی عام)

Website

https://kardan.ir

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Kardan (شرکت تامین سرمایه کاردان) is a Tehran-based licensed capital market institution offering asset management through seven investment funds, debt/capital-market financing via Islamic instruments (sukuk, murabaha, selef), and financial advisory services to corporate, municipal, and individual investor clients in Iran.

Ownership category

akta.pro rank

Product category

Investment Banking & Capital Markets

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Investment Management Advisory (RIA) (FSAEAAAB)

akta.pro secondary industries

Islamic Investment Banking & Capital Markets Services (FSABAGAG), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH)

Keywords

• Asset management
• Investment funds
• Corporate financing
• Financial advisory
• Capital markets

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management and Investment Fund Management: Managing investment funds including fixed income, equity, and gold-backed ETFs with associated management fees
2. Financing Services: Providing debt-based and capital-based financing solutions to enterprises through bond and sukuk issuances, taking underwriting and market-making fees
3. Financial Advisory Services: Offering valuation, IPO advisory, merger and acquisition, and business planning services to corporate clients

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Kardan is a publicly listed Iranian capital market institution that operates three integrated service pillars: (1) Asset Management through investment funds including fixed-income, equity, and gold-backed exchange-traded funds; (2) Corporate Financing through debt-based instruments (bonds, sukuk), capital-based financing, and alternative investments; and (3) Financial Advisory including valuation, IPO advisory, M&A advisory, and business plan preparation. The firm also provides discretionary portfolio management and market-making services, and distributes its funds through an online investment portal and Bank Tejarat's branch network.

Product overview

Kardan (کاردان) is a comprehensive financial services company operating as a major investment company in Iran's capital market. The company offers three integrated service pillars: (1) Asset Management through investment funds including Fixed Income Funds (in issuance-redemption and exchange-traded variants), Equity Funds, and Gold-Based ETFs; (2) Financing Services encompassing capital-based financing, debt-based financing, and alternative investments; and (3) Financial Advisory including valuation, IPO advisory, M&A advisory, and business plan preparation. The company also provides market making services and operates an online investment portal (portal.kardan.ir) for investor access. The product portfolio is coordinated through a unified platform with dedicated fund websites and the central Kardan Insight research platform.

Differentiator

Problem solved

Functional benefit

Brands

• پرتال هوشمند کاردان: Smart portal for investor access and management
• نگاه کاردان

Products and services

• Fixed Income Investment Funds (صندوق‌های درآمد ثابت) Investment funds that invest primarily in fixed-income instruments and offer stable returns through issuance and cancellation mechanisms; available in both issuance-redemption and exchange-traded (ETF) variants for individual and institutional investors.
• Equity Investment Funds (صندوق‌های سهامی) Stock-based investment funds that invest in equity markets, available in both issuance-redemption and exchange-traded formats, targeting investors seeking capital market equity exposure.
• Gold-Based Exchange-Traded Fund - Simaye Kardan (صندوق مبتنی بر کالا - سیمای کاردان) Commodity-based exchange-traded fund focused on gold investments, providing exposure to gold prices through the Simaye Kardan (سیمای کاردان) fund and distributed via Bank Tejarat branches nationwide.
• Capital-Based Financing (تأمین مالی مبتنی بر سرمایه) Equity financing services that enable companies to raise capital through market-based instruments; serves corporate clients seeking capital-market based equity funding.
• Debt-Based Financing (تأمین مالی مبتنی بر بدهی) Debt financing solutions including bonds, sukuk (Islamic bonds), salaf parallel bonds, murabaha bonds, and ijara sukuk for corporate and government funding, with underwriting and market-making fees.
• Alternative Investment (سرمایه‌گذاری جایگزین)

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Bank TejaratcoreChannel Partner/ Reseller/ DistributorBank Tejarat serves as distribution channel for Kardan's gold investment fund (صندوق طلای گنج), providing nationwide branch access to customers

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/kardanib

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kardan