Title: A National Investment in the Future: Iran Launches Stock Share Program for Newborns
In a strategic move to bolster long-term national development and support family formation, the government of the Islamic Republic of Iran has initiated a landmark program granting stock shares to every newborn. This initiative, a key component of the country’s forward-looking population policies, is designed to provide a financial foundation for the next generation.
Securing a Financial Future from Birth
Under the framework of the “Law for the Protection of the Family and Youthful Population,” the government is mandated to allocate shares of Exchange-Traded Funds (ETFs) to every child born from the beginning of the Persian year 1400 (March 2021) onwards. This program represents a significant national investment in the welfare and prosperity of Iranian children.
Unlike previous share distribution models, these ETF shares are managed by professional investment managers, ensuring active and expert oversight of the assets to maximize growth potential for the beneficiaries.
Implementation and Registration Process
The program is already operational for children born in the years 1401 (2022) and 1402 (2023). For instance, in the past year, a share value of 2.3 million Tomans was allocated for each eligible child born in 1402. Parents who have already completed the registration have received confirmation of their child’s account being credited.
To register, parents must visit the national portal for smart government services at my.gov.ir. The process involves entering the child’s national ID number in the “Population Youth Encouragement Window” and following the step-by-step instructions to select a custodian bank and three preferred investment funds.
A crucial requirement is obtaining a SEJAM code for the child, a process that parents must initiate. Once this code is issued, the subsequent stages are automated.
Long-Term Vision and Withdrawal Conditions
Reflecting the program’s focus on long-term financial security, the allocated funds are locked in until the child reaches 24 years of age. This structure is designed to ensure the investment matures fully. An exception is made for marriage before the age of 24, in which case the individual can access the account.
This proactive social welfare policy underscores the government’s commitment to nurturing the nation’s human capital and providing tangible support to families, thereby contributing to a vibrant and prosperous future for all.