Jordan has signed up to a five-year, $3 billion loan package with the International Islamic Trade Finance Corporation (ITFC) to finance the import of energy and food staples. Minister of Planning and International Cooperation Imad Fakhoury said the country’s private…
Jordan said last month it was going to issue its first ever sovereign sukuk, or sharia-compliant bonds, soon. The long anticipated issuance is expected to rake in some JD400 million to finance real estate projects, a source familiar with the topic…
With new regulations firmly in place, Sharia-compliant bonds finally appear to be gaining traction in Jordan. The Islamic debt market in Jordan is set to capitalize on growing worldwide interest in sukuk, or sharia-compliant bonds. This comes after long-awaited regulations…