However, under Ayatollah Ali Khamenei, the organization began acquiring property for itself,[4] growing into a major center of economic power in Iran.

[6] In 2013, the U.S. Department of the Treasury imposed sanctions on the organization and some of its corporate holdings, referring to it as "a massive network of front companies hiding assets on behalf of ... Iran's leadership.

"[4] The organization was launched on April 26, 1989, when the first Supreme Leader of Iran, Ruhollah Khomeini, ordered his aides to manage, maintain or sell properties confiscated or supposedly abandoned after the 1979 Islamic Revolution.

[citation needed] Habibollah Asgaroladi, Mehdi Karroubi and Hassan Sane'i were appointed [5][7] to take over all "sales, servicing and managing" of assets of unknown ownership.

The organization did not disband but developed over the next two decades into a vast parastatal known as the Setad Ejraiye Farmane Hazrate Emam - Headquarters for Executing the Order of the Imam.

Then, by choosing the consultant (or experts) and holding meetings, studies on the status of capacities of development at the target area and on the basis of the formulation and implementation of the plan, it is considered as the agenda.

After completing the establishment mechanism for implementing the plan and ways for Financing support and education steps, the project begins to operate economically.

[20] The polypill, drugs to lower blood pressure, is produced[21][22] in Iran by the support of EIKO was designed 14 years ag and called "PolyIran".

The pill in the study, which involved the participation of 6,800 rural villagers aged 50 to 75 in Iran, contained a cholesterol-lowering statin, two blood-pressure drugs and a low-dose aspirin.

[23][24] "Execution of Imam Khomeini's Order" has also done other services for needy people, such as: the distribution of 2,000 dowries and 1,000 stationery packages for poor people, giving 3,000 wheelchairs to needy disabled individuals,[25] preparing 2,000 food packages for Nikshahr students who were involved in nutritional problems, the establishment of "Ehsan Sports places" in deprived areas, and so on.

"[27][28] According to the Tasnim news agency, Southwest Asia's largest factory producing face masks in Iran was opened by Mohammad Mokhber, director of the Headquarters for Execution of Imam Khomeini's Order in April 2020.

[45][46] Based on the order of Imam Khomeini, the EIKO was responsible to manage properties that had been abandoned during following years of the 1979 Islamic Revolution and consume them for charity aids.

[6] To organize such these properties, In Iran Islamic Revolutionary Court issues the final confiscation order and Setad attends to the management and disposal in any form.

[5] Rey Investment Co., a Setad subsidiary, has been accused of pressuring Iran's biggest dealer of German automobiles to sell his stake in his auto dealership.

[5] The organization determined that large diversified conglomerates, such as the South Korean Chaebol, helped developing economies such as Iran's growing faster.

[5] In June 2013 the US Treasury Department imposed sanctions on Setad itself, which it called "a massive network of front companies hiding assets on behalf of ... Iran's leadership.

According to the Reuters, it is the third dimension in Khamenei's power, giving him financial independence from parliament and the national budget, and thus "insulating him from Iran's messy factional infighting".

[6] The "revenue stream" provided by Setad, "helps explain" why Khamenei has not only held on for 24 years, but also "in some ways has more control than even his revered predecessor", Reuters wrote.

[50][51] The following companies are among some entities affiliate to EIKO (aka Setad):[52] Barakat Foundation is a charitable bonyad that concentrates on the economic development projects in the rural region, and "has stakes in the country's pharmaceutical industry.

This institute's mission is to create and expand on the ecosystem/infrastructure for the development of science and knowledge-based activities of the scholars in Iran on the basis of Islamic-Iranian models by utilizing Iranian scientists, experts, global-experience, knowledge and so on.

[citation needed] As Mokhber, the chief of Execution of Imam Khomeini's Order nominated, the activities which be performed by the Charity relies on people's help.

[98] Khamenei, judges, and parliament have issued a series of bureaucratic edicts, constitutional interpretations and judicial decisions over the years bolstering Setad.

[8] Unlike other foundations in Iran, Setad does not include its logo or full name in newspaper advertisements listing auctions of confiscated property.

[99]) In July 2010, the European Union added the president of Setad, Mohammad Mokhber, to its list of individuals and entities being sanctioning for alleged involvement in "nuclear or ballistic missiles activities."

[5] In June 2013, United States Department of the Treasury took action to "expose" EIKO (Setad) -- what it called a " Massive Network of Front Companies"—and declare it subject to sanctions[104] pursuant to Executive Order 13599,[105] which "blocks the property of the Government of Iran", (prohibiting "U.S. persons from engaging in most transactions" with people "meeting the definition of Government of Iran").

[6] Also in 2013, the US Treasury Department released a PDF slide "depicting a web of 37 companies that it accused of evading international sanctions to enrich powerful Iranians".

[5] Setad and Islamic Revolutionary Guard Corps (IRGC) are both under control of Supreme Leader of Iran and have cooperated in different fields in recent decades.

In 2010, the man responsible for the elimination of the bid—the head of IPO at the time of the sale, Gholamreza Heydari Kord Zanganeh—was appointed managing director of Tose'e Eqtesad Ayandehsazan Co, or TEACO—a "giant holding company" owned by Setad.

"In line with guidelines of the chief of staff of armed forces, the IRGC's Cooperative Foundation sold its share and left Tose'e Etemad Mobin," statement said, as quoted by Sepah News.

Reports say it followed after both Supreme Leader Ali Khamenei and President Hassan Rohani called for the withdrawal of the military from the Iranian economy by selling off their ownership of businesses.