ISLAMIC FINANCE

Jordan introduces Islamic bond rulesJuly 26, 2014

Regulators in Jordan have introduced a set of long-awaited rules for the issuance of sukuk, or Islamic bonds, paving the way for both the public and private sectors to tap into growing demand for Sharia-compliant investments.


Jordan is one of several Muslim-majority countries keen to develop their domestic Islamic finance sector and the government"...

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Stakeholders hopeful Islamic sukuk will help revive economyJuly 26, 2014

Prime Minister Abdullah Ensour on Thursday acted as patron at a ceremony to launch a historic piece of legislation regulating the Islamic sukuk (finance bonds).

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.


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