ISLAMIC FINANCE

IFC supports new wind power plant in Jordan with $80m Islamic financing packageNovember 7, 2018

AMMAN — The International Finance Corporation (IFC), a member of the World Bank Group announced on Tuesday a financing package of up to $80 million to fund the construction of a new wind power plant in Jordan, near Tafileh.

The 51.75-megawatt Abour Wind Farm in southern Jordan is being built by Abour Energy Company, which is a joint venture between Xenel International and AMEA Power, according to an IFC statement.

The"...

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CBJ governor highlights bank’s role at Islamic financial forumOctober 16, 2018

AMMAN — The 8th Edition of the International Annual Forum on Islamic Financial Industry on Monday started under the title “The Importance of Specialised Institutional Arbitration to support the Islamic Economy”, the Jordan News Agency, Petra, reported.

Maher Sheikh Hassan, Deputy governor of the Central Bank of Jordan, highlighted the bank’s role in issuing some instructions for Islamic banks to help in enhancing their business,"...

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