The Iranian team lost to Russia 4-3 in the tournament’s semis and failed to qualify for final match.
Portugal also lost to Argentina 5-2 and failed to book a place in the final.
There will be a first-time Futsal World Cup champion when Argentina and Russia play in the final in Cali on Saturday 1 October at 14:30 (local time).
Iran will face Portugal in the match for third place earlier on the same day.