Jordan Securities Commission chair Imad Abu Haltam said the Islamic finance sukuk issued for Al-Kawthar Company forms part of the Commission’s projects under the 2026–2029 executive programme of the Economic Modernization Vision, aimed at diversifying corporate funding sources. Companies can now raise financing through Islamic sukuk, subject to completing statutory approvals, to fund investment, operating and expansion activities. The sukuk are positioned as a new investment channel for investors alongside traditional equities, bonds and investment funds, with the stated aim of widening participation and supporting financial inclusion. Further issuances by private companies are expected to follow under the new regulatory frameworks for Islamic sukuk issuance.
Jordan Securities Commission 2026-01-22
Jordan Securities Commission confirms Al-Kawthar Company Islamic sukuk issuance under the Economic Modernization Vision programme
The Jordan Securities Commission announced the issuance of Islamic finance sukuk for Al-Kawthar Company as part of its 2026–2029 Economic Modernization Vision, enabling companies to raise financing through sukuk for various activities. This initiative aims to diversify funding sources and enhance financial inclusion, with further issuances anticipated under new regulatory frameworks.