Amman: The Jordan Securities Commission Board of Commissioners has given the green light for the second private sector issuance of the first tranche of restricted Mudaraba Sukuk, tradable on the Amman Stock Exchange. This issuance, by Bandar Islamic Finance Company, is valued at JD10 million.
According to Jordan News Agency, this decision is a significant step in efforts to stimulate the Islamic Sukuk market. It aims to provide financing and investment options in alignment with the vision for economic modernization. This issuance is part of the company's broader plan to release multiple tranches, with a total value of JD100 million.