Jordan introduces sukuk rules

July 27, 2014 6:20 am

Jordan’s Securities Commission has announced a set of long-awaited rules for the issuance of Islamic bonds, or sukuk, paving the way for both the public and private sectors to tap into growing demand for Shari’ah-compliant investments, Reuters has reported. The new rules cover the structuring, issuance and trading of sukuk, the commission said. The kingdom has an established Islamic banking sector but sukuk have been slow to appear.