The Investment Ethics of the NDFI
as a non-government public entity enjoys independently decisions making
and transparent and accountable governance as well as observing
Sovereign wealth funds' ethics in its investments, in line with Santiago
Principles. The main pillars of NDFI ethics are as follows:
NDFI activities are within the clear and defined legal and governance
structure, consistent with its Articles of Association without pursuing
any political interest.
• The investment policy of NDFI is
"optimum return on investments", "moderate risk" and "diversified
investment portfolio strategy", founded on optimal resilient portfolio
• NDFI activities in the internal or external markets
shall be clear, transparent and in line with domestic and international
• NDFI assets are inter-generational and shall be invested
for development objectives, taking the share of current generation, eco
system, optimum return and moderate risk into account in order to
achieve sustainable development (as an inter-generational issue).
The strategies, policies, rules and laws, procedures, return,
provision of funds, withdrawals and expenses shall be transparent and
clear and will be disclosed to the public. The statistical data is
released publicly on a quarterly and annual basis.
• Any deal
between NDFI and natural or legal persons shall be on financial and
economic basis in a transparent way, abiding by clear laws and
• NDFI activities in the receiving country shall
observe all the rules and laws as well as disclosing requirements of the
receiving country. NDFI activities in other countries are purely
economic without following any political interest.
• The firms
from which NDFI buys shares or provides facilities for, are required to
observe the basic rights, environmental concerns, human life, hygiene
and public health.
• The investors, domestic or foreign, who make
investment in Iran shall enjoy equal rights, provided that they abide by
the NDFI regulations and by-laws. Being economically feasible and in
line with NDFI priorities are the criteria for assessing the projects.
Observing international rules in all of the commercial, financial
and economic practices of NDFI as well as staying away from corruption,
money laundry and other non-transparent commercial activities is a must.
• NDFI by no means benefits from information rents or other unauthorized rents for economic competition.