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Islamic Finance Briefing - Categorized | Bonds (Sukuk), New Launches more

Jordan to cover deficit by sukuk

Posted on 21 October 2009

From Business24-7.ae: Jordan is considering issuing Islamic debt, or sukuk, by the year end to help it cover part of its spiralling budget deficit that has worsened due to the global downturn, finance ministry officials said yesterday.

They said a finance ministry committee was set up to study how to introduce the Islam-compliant paper for the first time in the kingdom, which relies on conventional six-month, one-year and three-year maturity T-bills and bonds…………………..Full Article: Source

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