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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Market Moves more

Al-Rajhi Cement issue marks Jordan’s entry into Sukuk market

Posted on 02 May 2011

The issuance by Al-Rajhi Cement Jordan of its debut Sukuk Al-Ijarah in late April 2011 opens up yet another new market for sukuk origination in the Middle East and North Africa (MENA) countries.
The domestic JD85 million (about $119 million) corporate sukuk offering, while symbolically important and widely welcomed by the market, however betrays a dogged refusal by successive Jordanian governments of issuing a debut sovereign sukuk……………………………………….Full Article: Source

 
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