The Jordan Securities Commission approved the registration and issuance of an Islamic financing sukuk for Al-Kawthar Leasing Company, structured as an absolute Mudaraba, with a total value of JD 15 million. The sukuk is to be offered for subscription in tranches determined by the issuing company. The approval is framed as part of a dedicated initiative to enable Islamic sukuk issuance in the Jordanian market under the 2026–2029 second executive programme of the Economic Modernization Vision, and as a practical activation of the Islamic Sukuk system as a new financing and investment tool. This activation follows completion of the relevant Shariah and regulatory framework, including establishment of the Central Shariah Supervisory Board under the Islamic Finance Sukuk Law and Cabinet approval of its membership in November 2025.
Jordan Securities Commission 2026-01-19
Jordan Securities Commission approves registration and issuance of JD 15 million Al-Kawthar Leasing Islamic Mudaraba sukuk
The Jordan Securities Commission approved the issuance of a JD 15 million Islamic financing sukuk for Al-Kawthar Leasing Company, structured as an absolute Mudaraba. This initiative aligns with the 2026–2029 Economic Modernization Vision and follows the establishment of the Central Shariah Supervisory Board under the Islamic Finance Sukuk Law.