Khaberni - The Securities Commission Board approved the registration and issuance of Islamic financing Sukuk in the form of absolute Mudarabah for Al-Kawthar Leasing and Financing Company, with a total value of 15 million dinars, to be offered for subscription according to the tranches decided by the issuing company.
This comes in the context of expanding financing options, through a dedicated project aimed at enabling the issuance of Islamic Sukuk in the Jordanian market, according to the second executive program of the Economic Modernization Vision for the years 2026–2029.
As part of the government's approach to developing financial tools and products for companies, the financial market is witnessing a practical activation of the Islamic Sukuk system as a new financing and investment tool.
This activation comes after completing the necessary legal and regulatory framework, which includes the formation of the Central Sharia Supervisory Board pursuant to the Islamic Financing Sukuk Law and the approval of its membership by a Cabinet decision last November, facilitating the application of this financing tool in the kingdom.
The importance of developing the Islamic Sukuk market is highlighted by its role in keeping pace with global trends in Islamic finance, providing alternative financing tools compliant with Sharia, and offering broader options for the private sector while enhancing the attractiveness and competitiveness of the financial market at both the regional and Islamic levels.
