designing and financial feasibility study of mozare'e securities in iran’s money and capital market

one of the capital market financial instruments, especially in islamic countries, is sukuk or islamic securities. sukuk is based on islamic law. different types of sukuk are available for different economic situations of countries and different investors. one type of sukuk is mozare'e which is the subject of this research. to do this, we have used financial indices of crops to compare mozaree securities, bank deposits, and stock exchange index. first, we got financial information of 23 agricultural products in the years 1381 to 1390 from the ministry of agriculture. by calculating the financial indices of return and risk for these products, we compared these indices with the investment risk and return in banks and stock exchange index during the same period. the result shows that return of investment in all crops is more than returns from bank deposits and stock exchange index. it has also been revealed that investment risk in all crops is more than bank deposits, while it is less than stock exchange index.