Al-Khlaileh: Islamic securities support Sharia-compliant funding
The article discusses the role of Islamic sukuk as a legitimate financing tool that contributes to improving liquidity investments and funding economic projects in Jordan. It emphasizes its regulatory framework and the expanding use of sukuk globally. The Minister of Awqaf confirmed that Jordan is among the first countries to establish laws regulating these instruments, citing successful investments such as Amman Municipality’s issuance of sukuk based on the Ijara (leasing) model, which provides accessible financing for projects and investment environments that comply with Shariah. The kingdom aims to strengthen the role of sukuk in financing institutions and projects, offering an effective alternative to usury-based interest, noting the remarkable global growth in the sukuk market.
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