Novin Investment Bank

What Novin Investment Bank does

Novin Investment Bank (legal name: Sherkat Tamin Samaneh Novin; ticker Tenwin/تنوین) is Iran's first licensed investment bank, founded in 1385 (2006-2007) and operating under a license from the Securities and Exchange Organization of Iran granted in 1387 (2008-2009). Headquartered in Tehran with a team of 100+ investment specialists, the firm serves a dual client base of 8,500+ individual investors and 500+ corporate clients, offering an integrated capital markets platform spanning investment fund management (fixed income, equity, mixed, and ETF products including Atiyeh Novin, Miaad Iranian, Sepehr Andishe Novin, and Goldis gold ETF), Sharia-compliant corporate financing via Islamic instruments (Ijara, Murabaha, Salam, Istisna'a, and sukuk structures), licensed market making on Tehran Stock Exchange and Farabourse, discretionary portfolio management, valuation/listing advisory, and equity crowdfunding through its Novin Start platform.

The firm operates a digital-first distribution stack anchored by the NIB Market online investment portal and mobile application (with Sejam e-verification integration for retail onboarding), supplemented by direct institutional sales for corporate mandates and three operating subsidiaries (Rayan Ham-Afza, Brokerage Company, Adviser Company). It runs a dedicated market-making fund (Novin Pishro) and an educational platform (Novin Academy). The technology footprint is built on Iranian capital markets infrastructure including Shasta exchange systems and regulatory reporting platforms rather than proprietary AI or fintech layers.

Revenue is generated through a hybrid model combining recurring asset management and portfolio management fees (subscription-style) with episodic transaction fees from corporate financing arrangements, market making bid-ask spreads, and professional services (valuation, listing advisory, M&A support). The firm reported 123% YoY net profit growth, 112% YoY operating revenue growth in Q1, consolidated profit of 2 trillion Tomans, and ranks #1 in operating income among all Iranian investment banks. Operations are entirely domestic within Iran with no disclosed international expansion.

Name

Novin Investment Bank

Legal name

شرکت تامین سرمایه نوین (Sherkat Tamin Samaneh Novin)

Website

https://novinib.com

Company type

Public

Founded year

2006

Operating status

Operating

Short description

Novin Investment Bank (Tehran, listed on Tehran Stock Exchange as Tenwin) is Iran's first licensed investment bank, serving 8,500+ individual and 500+ corporate clients with investment funds, Islamic corporate financing, market making, portfolio management, and listing advisory.

Ownership category

akta.pro rank

Product category

Investment Banking

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591), 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

Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

akta.pro secondary industries

Fixed Income Mutual Funds (FSAAAEAB), Equity Capital Markets Advisory (Equity Issuance Strategy & Readiness) (FSACAAAI), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)

Keywords

• Investment banking services
• Asset management funds
• Capital market advisory
• Equity crowdfunding platform
• Islamic finance instruments

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 Fees: Management fees from managing various investment funds including fixed income, equity, mixed, ETF, and specialized market making funds. Revenue is generated through fund management fees and performance-based compensation.
2. Financing Services: Arranging financing through various Islamic finance instruments including Ijara (lease), Murabaha (cost-plus), Muzara'a (agricultural partnership), Salam (forward sale), Istisna'a (manufacturing contract), and various other sukuk structures for corporate clients.
3. Valuation and Advisory: Company valuation services for IPOs, mergers and acquisitions, loan collateral, minimum auction prices, and insurance purposes. Also includes listing advisory and acceptance services for companies entering capital markets.
4. Market Making Revenue: Revenue from market making operations in designated securities, generating profits from bid-ask spreads and trading volume on Tehran Stock Exchange and Farabourse.
5. Portfolio Management Fees: Discretionary portfolio management services for high-net-worth clients, charging fixed management fees and variable performance-based fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Novin Investment Bank is a publicly listed Iranian investment bank offering integrated financial services including investment fund management (fixed income, equity, mixed, gold, and ETFs), Islamic financing instruments (Ijara, Murabaha, Salam, Istisna'a), discretionary portfolio management, valuation and listing advisory, market making on Tehran Stock Exchange and Farabourse, and equity crowdfunding. It distributes these services through the Nib Market online platform and mobile app for retail and institutional investors, complemented by direct institutional sales for corporate clients.

Product overview

Novin Investment Bank operates as a comprehensive investment bank platform offering both digital investment products and traditional financial services. The core digital platform includes Nib Market (online investment fund trading), Novin Start (crowdfunding), and Novin Academy (education). Investment fund offerings span fixed income funds (Atiyeh Novin, Yekom Iranian, Faraz Andish Novin), equity funds (Miaad Iranian), ETFs (Sepehr Andishe Novin, Nahale Sarmaye Iranian, Armaghan Iranian, Palayesh Yekom, Goldis), and dedicated market-making (Novin Pishro). Financial services include discretionary portfolio management, valuation/consulting, supply and acceptance for listings, diverse Islamic financing instruments (lease, murabaha, participation, salaf, istisna bonds), and market-making services.

Differentiator

Problem solved

Functional benefit

Brands

• نوین استارت (Novin Start): Crowdfunding platform connecting investors to profitable businesses
• نیب مارکت (Nib Market)
• نوین آکادمی (Novin Academy)
• نوین پیشرو (Novin Pishro)

Products and services

• Nib Market (نیب مارکت) An online platform enabling investors to purchase and redeem investment fund units without intermediaries, providing access to various investment funds with digital onboarding through Sejam identity verification.
• Novin Start (نوین استارت) A legal equity crowdfunding platform connecting investors to profitable businesses, enabling collective participation in companies' investment plans.
• Novin Academy (نوین آکادمی) Educational platform providing investment knowledge and training resources for capital market participants.
• Discretionary Portfolio Management (سبدگردانی اختصاصی) Professional indirect investment service where investor assets are managed by licensed portfolio managers under a defined contract, with fixed management fees and performance-based compensation.
• Valuation Services (ارزش‌گذاری) Systematic valuation of company shares using historical and strategic analysis, supporting IPOs, M&A, loan collateral, auctions, and insurance purposes.
• Supply and Acceptance Services (عرضه و پذیرش) Services for capital increase, IPO preparation, establishment of public joint-stock companies, and listing on Tehran Stock Exchange or Farabourse.
• Market Making (بازارگردانی) Licensed market-making activities ensuring liquidity, balanced supply and demand, and price volatility management for listed securities on Tehran Stock Exchange and Farabourse.
• Financing Instruments (اوراق بهادار) Islamic finance instruments including Lease Certificates, Murabaha Bonds, Benefit Certificates, Wakala Bonds, Participation Bonds, Salaf Bonds, Istisna Bonds, Debt Purchase Bonds, Mortgage Bonds, and Jaalah Bonds for corporate clients.
• Atiyeh Novin (آتیه نوین) Fixed income investment fund with 34.48% annual return, investing in fixed-income securities, bank deposits, and limited equity.
• Yekom Iranian (ثابت یکم ایرانیان) Fixed income investment fund with 35.81% annual return.
• Faraz Andish Novin (فراز اندیش نوین) Fixed income investment fund.
• Miaad Iranian (میعاد ایرانیان) Equity-focused investment fund with 94.01% annual return, suitable for investors with higher risk tolerance and long-term perspective.
• Sepehr Andishe Novin (سپهر اندیشه نوین) - Symbol: Sanovein Exchange-traded mixed fund with 75.66% annual return.
• Nahale Sarmaye Iranian (نهال سرمایه ایرانیان) - Symbol: Sanhal Exchange-traded fixed income fund with 36% annual return, tradable through brokerages.
• Armaghan Iranian (ارمغان ایرانیان) - Symbol: Armaghan Exchange-traded fixed income fund with 37.16% annual return.
• Palayesh Yekom (پالایشی یکم) - Symbol: Palayesh Exchange-traded equity fund with 33.08% annual return, managed with passive management approach.
• Goldis (طلای گلدیس) Gold-focused exchange-traded fund with 146.06% annual return.
• Novin Pishro (نوین پیشرو) Dedicated market-making investment fund registered with Securities and Exchange Organization, operating under regulatory oversight.

Quantifiable outcome

• Ranked #1 in highest operating income among all Iranian investment banks
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered subsidiary and core.

• Rayan Ham-Afz (رایان هم‌افزا)subsidiaryOthersSubsidiary company under Novin Investment Bank group, operating as part of the integrated financial services offering.
• Novin Brokerage (کارگزاری نوین)subsidiaryOthersBrokerage subsidiary providing securities trading and related services within the Novin group structure.
• Novin Advisor (مشاور نوین)subsidiaryOthersAdvisory subsidiary providing investment and financial consulting services within the group.
• Sejam Electronic Verification SystemcoreTechnology or IntegrationIntegration with Iran's Sejam electronic verification system for streamlined investor onboarding and KYC compliance on the NIB Market platform.
• Kanoon Nahaade Haye Sarmayegozari (Capital Market Institutions Association)coreStrategic or Co-development PartnerHosting sessions and industry gatherings for the Capital Market Institutions Association with other investment banks.

Scale indicators8 records

Recent moves3 records

Expansion highlights4 records

Direct peers

• Bank Pasargad: One of Iran's largest private commercial banks, involved in capital markets and investment activities through affiliates. Comparable to Novin as a Tehran-based, publicly listed financial institution serving similar corporate and retail clients, though with a primarily commercial banking model rather than pure investment banking.
• EFG Hermes Holding: Leading emerging-markets investment bank with operations spanning brokerage, asset management, investment banking, and research across MENA. Directly comparable to Novin as a full-service investment bank serving primarily retail and institutional clients in an emerging market, with similar product breadth.
• Bank Karafarin: Major Iranian private bank with capital markets and investment banking operations. Comparable to Novin as a Tehran-based, private-sector financial institution serving the same corporate and retail segments of the Iranian economy, with overlapping service lines.

Broad incumbents

• Emirates NBD: Leading UAE bank with a sizable investment banking and asset management arm, listed on Dubai Financial Market. Comparable to Novin as a publicly listed regional financial institution with integrated capital markets services, though much larger in scale and more geographically diversified.
• Abu Dhabi Islamic Bank (ADIB): Major UAE-based Islamic bank offering investment banking, asset management, and brokerage services. Comparable to Novin in its Sharia-compliant product suite and integrated financial services offering, with stronger regional diversification.
• Mashreq Bank: UAE-headquartered bank with significant investment banking and capital markets operations across MENA and South Asia. Comparable to Novin as a regional financial institution with integrated capital markets services, operating from a single-country hub.
• Al Rajhi Bank: Saudi Arabia's largest Islamic bank with extensive investment banking, asset management, and brokerage operations across the Gulf. Comparable to Novin given its Islamic finance instrument capabilities, fund management, and corporate advisory, though it operates at significantly larger scale and across multiple geographies.
• Kuwait Finance House: Leading Islamic bank with significant investment banking, asset management, and capital markets operations across the Middle East. Comparable to Novin's Islamic finance-based investment banking and fund management model, though operating at much larger regional scale.
• Qatar Islamic Bank (QIB): Qatar's largest Islamic bank offering investment banking, asset management, and brokerage services. Comparable to Novin in its Islamic finance product suite and integrated capital markets model, with stronger sovereign backing and geographic reach.
• Lazard: Global investment bank specializing in financial advisory, asset management, and capital markets services. Comparable to Novin in the M&A advisory, valuation, and asset management segments of its business, though operating globally rather than within a single domestic market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xinstagram.com/nibmarket
• YouTubeaparat.com/nib_group
• LinkedInlinkedin.com/in/novin-investment-bank
• Instagraminstagram.com/nibmarket

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Novin Investment Bank