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
|