Title: Iran Launches New Phase of Equity Shares Program for Newborns to Boost Economic Justice
In a significant move to promote economic justice and support future generations, the Islamic Republic of Iran has implemented a new initiative granting state-owned equity shares to newborns. Dubbed the “Infants’ Equity Shares” plan, this policy aims to provide a financial stake for children born in 1400 and beyond (2021 CE onwards).
A Policy for the Next Generation
The scheme is a cornerstone of the nation’s broader economic justice and population encouragement policies. It is designed to ensure distributive justice and offer long-term economic support for the country’s youth. A recent legal amendment has expanded eligibility, allowing individuals to participate in new registration phases regardless of age, provided they meet other general conditions. The primary portal for registration has been identified as my.gov.ir, where parents can submit their child’s information to secure an allocation of state shares in their name.
Registration Requirements and Process
To enroll, parents must provide specific documents, including the child’s birth certificate and the national identification cards and codes of both the child and the legal guardian. For children under 18, identity verification is conducted through the legal guardian. A crucial requirement is the child’s possession of a SEMAC code, which is essential for completing the share registration process.
The registration on the my.gov.ir portal involves a clear, step-by-step procedure:
- Selecting the relevant option for the “Infants’ Equity Shares” plan.
- Completing the registration form with the child’s basic information.
- Choosing the child’s designated bank and selecting three preferred investment funds from the available options.
- Registering the child’s bank account number (Sheba).
Following this, the Ministry of Economy oversees the automatic allocation of shares, after which parental intervention in the process is no longer possible.
Financial Allocation and Key Restrictions
The allocated share value for a child born in 1402 (2023 CE) is approximately 2.3 million tomans. This follows a trend of increasing allocations, with shares for children born in 1400 and 1401 reported at around 1 million and 1.5 million tomans, respectively. These figures are subject to change based on annual budget approvals.
A central feature of the plan is that the shares are locked until the child reaches 24 years of age, preventing any withdrawal or sale before that time. Exceptions are made for special circumstances, such as official marriage before the age of 24. In the unfortunate event of a child’s passing, the shares are transferred to their heirs.
Clarifying the Current Status
Recent public discourse has been marked by speculation about a new registration phase for infants. However, the official government portal has categorically denied these rumors, confirming that no new registrations are currently underway. Legal experts caution that as the second phase of the plan is still under parliamentary review, all details remain subject to potential change. Parents are advised to rely solely on official announcements and avoid unverified news.
Future Outlook and Expert Analysis
Successful implementation of this initiative is seen as a potential powerful tool for reducing economic inequality for the next generation. Experts point out that its effectiveness hinges on continuous budget allocation, meticulous oversight of the investment funds, and overall transparency. The government and parliament are expected to focus on aligning budget ceilings, finalizing registration timelines, and clarifying the rights of parents and children in the coming months. With sustained commitment to transparent management, this program is poised to become a substantial long-term financial foundation for Iran’s youth.
