The Jordan Securities Commission’s chair, Imad Abu Hultam, used a Government Communication Forum briefing to outline recent capital-market developments and the Commission’s current regulatory priorities, including investor-protection messaging and ongoing work to complete the framework for virtual assets. Recent market developments highlighted included the registration of two mutual investment funds in the past few months, with additional funds in the registration pipeline, and approval of the first private-sector Islamic sukuk issuance by a bank-owned finance company. The update also referenced a municipal sukuk project by Greater Amman Municipality that has received Cabinet approval up to JOD 1 billion across multiple tranches, alongside the government’s prior sukuk issuance of close to JOD 2 billion. Market indicators cited included an Amman Stock Exchange market capitalisation of around JOD 28 billion, an increase of about 44%, profits reported by more than 60 listed companies totalling around JOD 2.3 billion with about 52% distributed to shareholders (around JOD 1.2 billion), average daily trading of roughly JOD 9–12 million in some periods, and foreign ownership of about 47%. On virtual assets, the Commission stated that the core regulation has been completed and that executive instructions and operating models are being issued, while licence applications from some firms are under review.
Jordan Securities Commission 2026-04-19
Jordan Securities Commission updates on virtual asset rulemaking and highlights renewed mutual fund and sukuk activity
The Jordan Securities Commission chair outlined recent capital-market developments and regulatory priorities, highlighting investor-protection efforts and completion of the core framework for virtual assets, with executive instructions and operating models issued and licence applications under review. He noted the registration of two mutual funds, approval of the first private-sector Islamic sukuk by a bank-owned finance company, a Cabinet-approved municipal sukuk project by Greater Amman Municipality of up to JOD 1 billion, and prior government sukuk issuance of close to JOD 2 billion. Market indicators cited included Amman Stock Exchange capitalisation of around JOD 28 billion (up 44%), listed-company profits of around JOD 2.3 billion with about JOD 1.2 billion distributed, average daily trading of roughly JOD 9–12 million, and foreign ownership of about 47%.