IslamicFinance.de

Jordan's Prime Minister Abdullah Ensour on Thursday acted as patron at a ceremony to launch a historic piece of legislation regulating the Islamic sukuk. The prime minister described the Islamic Sukuk Law as a milestone in Jordan's financial and economic history, noting that launching these items of legislation is the final step in building the pillars of finance compatible with Sharia. He also noted that the government will use sukuk to finance its productive projects, especially those in partnership with the private sector. The Jordan Securities Commission (JSC), Amman Stock Exchange (ASE) and the Securities Depository Centre are now ready to receive orders for issuing sukuk for the public and private sectors.