Sepahan lost to Al-Kuwait SC 33-32 in the fifth-place game.
Iran’s Shameli also came eighth after losing to Oman Club 30-29 in the seventh-place game.
On Saturday, Al-Najma of Bahrain will play Qatar’s Al-Duhail in the final match, while Al-Rayyan of Qatar meet Kazma in the semifinals.
The competition started on June 1 in Isfahan, Iran under the aegis of the Asian Handball Federation.