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    ISLAMIC FINANCE

    Jordan to issue Islamic sukuk worth JD250mMarch 29, 2016

    An issue of Islamic sukuk (bonds) worth around JD250 million is expected in the second quarter of 2016, Central Bank of Jordan Deputy Governor Maher Sheikh Hassan said on Monday. “We have completed all the legal and the legislative measures for the issuance of the Islamic bonds. We are in the final stages of some more minor steps and we are then ready to conduct the sukuk issue any time,” Hassan told The Jordan Times on Monday. An Islamic Sharia-compliant issuance totalling around JD150 million will be issued to cover the purchases of the National Electric Power Company, while another...

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