Faghani will be assisted by Mohammad Reza Mansouri and Rahim Shahin.
The 88th derby will be held on Thursday in Tehran’s Azadi Stadium.
Esteghlal leads the head to head results in competitive matches with 26 wins to Persepolis's 22, while 39 matches ended in a draw.
Tehran derby is a football match between the two prominent Tehran clubs Esteghlal (Blues) and Persepolis (Reds).