The Zolfaghar (sometimes spelt Zulfiqar) literally means ”spine-cleaver”, has been put on display at the Amikabir University of Technology since December 16.
Students were photographed taking macabre selfies with the missile and writing “death to Israel” on the weapon.
Iran’s Islamic Revolution Guards Corps claimed the missile had hugely increased its performance and range in recent launches.
Close-up photos of the missile show that much of its body has a ribbed texture, which indicates it is made using filament-wound fibre to make it lighter than models constructed from metal.
When Iran unveiled the missile in 2016 the missile was claimed to have a range of 700 km, which is a significant improvement on the 500 km range of its predecessor, the Fateh-313, displayed two years earlier with a range of only 500 km.
The Zolfaghar is said to be accurate within 50 to 70 metres of its intended strike location, according to Iranian media.
The Iranian Revolutionary Guard Corps reportedly fired a volley of Zolfaghar missiles at ISIS positions in Syria in June.
According to the Centre for Strategic and International Studies’ Missile Defence Project, the Zolfaghar has a high explosive warhead as well as submunitions that separate from the missile prior to impact.
It comes as Saudi Arabia intercepted a missile fired by an Iranian-backed Yemen rebel group.
A spokesman for the rebels said on Twitter that they had fired a Volcano 2-H ballistic missile towards the palace.
The attack took place mere hours before Saudi Arabia was due to announce its annual budget in a news conference.
The government-run Centre for International Communication said: “Coalition forces confirm intercepting an Iranian-Houthi missile targeting south of Riyadh.
“There are no reported casualties at this time.”
The attack was the latest phase in a bitter conflict between the Saudis and rebels.
Last month, another missile was intercepted over
It was intercepted over Riyadh’s King Khaled Airport.
Riyadh accused Iran of smuggling the missile to the Houthis and imposed a blockade on Yemen demanding that United Nations inspection procedures be tightened.
Last week the US presented for the first time pieces of what it said were Iranian weapons supplied to the Houthis, describing it as conclusive evidence that Tehran was violating UN resolutions.
Iran, Saudi Arabia’s regional foe, has denied supplying such weaponry to the Houthis who have taken over the Yemeni capital Sanaa and other parts of the country during its civil war.