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Jordan: Lower House passes sukuk, awqaf laws, rejects Appropriations Law amendments

Posted on 10 September 2012

During Sunday’s session, the Lower House endorsed the draft Islamic sukuk law, which deputies said would allow for more cash to flow into the country by allowing sukuk (the Islamic equivalent of bonds) to be issued in the capital market to finance projects and investments.
The Lower House also passed the amended Awqaf and Islamic Affairs Law and accepted the recommendation of the Legal Committee to scrap the government’s amendments to the Appropriations Law that would reduce the hundreds of millions of dinars in payments the state makes to citizens when acquiring properties for public use………………………………………..Full Article: Source

 
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