Jordan closes its Inaugural Sovereign Local Currency Sukuk in Cooperation with Islamic Corporation for the Development of the Private Sector (ICD) and Japan International Cooperation Agency (JICA)

On the 17th of October 2016 the Hashemite Kingdom of Jordan (“Kingdom”), closed its inaugural local currency Sukuk. The debut sovereign issuance was more than three-times oversubscribed. The amortized Ijarah-based Sukuk has a tenor of five years and expected profit rate of 3.01%. The landmark sovereign issuance marks a major step to develop the Islamic […]http://feedproxy.google.com/~r/Appa-sourceTheAfric...