IslamicFinance.de

On 24 July, under the auspices of the Prime Minister Dr Abdullah Ensour, Jordan officially inaugurated regulations for the issuance of Sukuk. The inauguration ceremony was organized by the Jordan Securities Commission ( JSC ) and followed its conclusion of the preparation of all legislation and instructions required by the Islamic Finance Sukuk Law No. 30/2012 and legislation governing the issuance process of Sukuk for all economic activities in both the public and private sectors alike. Available structures include Ijara, Mudaraba and Musharaka. The Central Bank of Jordan (CBJ) is a regular player in the bonds market. A clear signal to local financiers and corporates would be an Islamic issuance by the CBJ, now that the legal framework is in place.