This report comes as no surprise. Jordan’s parliament has made changes to tax laws to accommodate sukuk (Shariah-compliant bonds), paving the way for Shariah finance to move into the kingdom…

A long-awaited law allowing Jordan to issue sukuk has been cleared by both houses of its parliament, paving the way for the government to tap strong global appetite for Islamic bonds as it tries to repair public finances.

http://in.reuters.com/article/2012/09/16/islamic-finance-jordan-idINL5E8KBIC820120916

 

 

2 Responses to Shariah Finance Gains Foothold in Jordan as Parliament Makes Key Law Change

  1. dockywocky says:

    What? Jordan just now going over to Sharia Finance?

    What have they been doing since the country was hacked together?

  2. shariahfinancewatch says:

    Some Islamic nations have a legacy of Westernization in their economy and financial systems left over from the colonial days. That is essentially vanishing. Another example is Oman, which is very similar to Jordan in that regard.

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!