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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Compliance, Tax, Legal, Regulatory, People more

Jordan to send Sukuk law to parliament in June, minister says

Posted on 04 May 2011

Mohammad Abu HammourJordan aims to submit a draft law paving the way for the sale of sukuk, or Islamic bonds, to parliament in June, the country’s finance minister said.

“Once it’s ratified, we will then take a decision based on our needs as to if we will issue conventional bonds like we did last year or sukuk,” Mohammad Abu Hammour said at a conference in Amman, Jordan today. He said the sale amount “won’t be less than $500 million, but if we see there is an appetite and market conditions are favourable we may go higher.”………………………………………Full Article: Source

 
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